InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a convertible loan agreement with Africa GreenCo Group (GreenCo) to progress an innovative approach to building Zambia’s renewable energy capacity.
Citi, a global bank, has provided KES 285m term loan to 4G Capital, a neobank for Africa, that will reach more than 25,000 micro-enterprises.
Acumen and FMO have led a $3m Series A Equity round in Easy Solar, a solar company in West Africa.
CDC Group has signed a memorandum of understanding with the Nigeria Sovereign Investment Authority (NSIA) to facilitate long-term inclusive growth and encourage private capital to scale up their participation in high-impact sectors of the Nigerian economy.
Proparco, a French Development Finance Institution, has granted $100m loan to Equity Group Holdings, which will allow the Kenyan bank to grow and continue its support to the private sector.
The OPEC Fund for International Development has signed a $20m term loan to East African Development Bank (EADB), an important regional development institution for delivering key development objectives across the East Africa region.
Africa Finance Corporation has issued its inaugural CHF150m Reg S senior unsecured benchmark Green Bond under the Corporation’s $5bn Global Medium-Term Note (GMTN) programme, maturing in 2025.
US International Development Finance Corporation DFC has invested $35m in Lumos, Africa’s solar home system provider, to expand its existing market for reliable, accessible and clean solar power in Nigeria.
The Republic of Djibouti has launched the Djibouti Sovereign Fund (Fonds Souverain de Djibouti - FSD) aimed at turbocharging the country's development.
EDFI AgriFI (AgriFI), the Agriculture Financing Initiative funded by the EU, and BIO, have invested the equivalent of €6m in USD in Alterfin, a Belgian social investor targeting smallholder farming in developing countries.
Standard Bank has acquired a 35% equity stake in digital escrow company TradeSafe Escrow, providing a means for buyers and sellers to mitigate transaction fraud.
DEG has provided a $30m long-term loan to First National Bank Ghana, a commercial bank in Ghana.
FMO has invested $10m in the eco.business Fund to support its recently launched sub-Saharan Africa sub-fund.
FMO, Proparco and Symbiotics have agreed to provide a subordinated syndicated loan totaling $93.8m to Access Bank, a Nigerian multinational commercial bank, owned by Access Bank Group.
