Swiss impact private asset manager Obviam has agreed to partner with Asteria Investment Managers, a recently launched impact investing firm controlled by REYL & Cie (REYL).
African Development Bank via its Sustainable Energy Fund for Africa (SEFA) has approved a $5m investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
CDC Group, the UK’s development finance institution and impact investor, has committed an additional $100m commitment to its existing master risk participation agreement with Standard Chartered.
The COVID-19 emergency facility set by the EU and FMO’s NASIRA fund has provided a 7-year $35m guarantee to the South African Bank Sasfin.
CDC Group, the UK’s development finance institution and impact investor, has announced a $100m additional commitment to its existing trade risk sharing facility with SMBC Bank International (SMBC BI).
The AfricaGrow fund of funds (FoF), launched by Allianz Global Investors, has committed €15m to the Cathay AfricInvest Innovation Fund (CAIF), managed by AfricInvest.
Norfund, Norway’s development finance institution, has sold all the shares in SN Power to Norwegian energy developer Scatec Solar for $1.17bn.
AXIAN has committed an undisclosed amount to the African Development Partners III (ADP III) investment fund managed by Development Partners International (DPI).
Swedfund, the Swedish Development finance institution, has invested $1m in Kasha Global, a female technology e-commerce platform with subsidiaries in Rwanda and Kenya.
CDC Group, the UK’s development finance institution, has invested an additional $40m in Liquid Telecom, Africa’s largest independent fibre, data centre and cloud technology provider.
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.
