IFC, a member of the World Bank Group, has announced an investment of up to $100m in Zenith Bank, Nigeria’s largest bank by total equity and second-largest by asset size.
The Dutch entrepreneurial development bank FMO has announced its recent transaction with Miro Forestry, one of the largest forestry plantations in West-Africa.
Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, has issued a $700m Reg S Eurobond, the AFC’s first bond issuance in 2020.
The US International Development Finance Corporation (DFC) has approved an up to $30m investment in AfricInvest Fund IV and an up to $25m investment in SPE AIF I LP, a fund which will invest in businesses in key industries across North and Sub-Saharan Africa.
The Public Investment Corporation (PIC), on behalf of its client, the Government Employees Pension Fund (GEPF) of South Africa, has acquired a 13% stake in Aradei Capital for $50m.
The Open Society Economic Justice Program, via its impact investing arm, the Soros Economic Development Fund (SEDF), has committed $15m to two women-led investment funds that advance economic and gender equity.
Swedfund has supported different actors in the healthcare sector in Nigeria, Madagascar and India with a total of SEK2,2mn.
The US International Development Finance Corporation (DFC) has approved the new Rapid Response Liquidity Facility, which will provide up to $4bn in additional financing for existing DFC projects that have been particularly impacted by the challenges of the COVID-19 global pandemic.
CDC Group, the UK’s impact investor and development finance institution, has announced a record month for its trade guarantee programme with over $500m guaranteed across 350 transactions in March, representing a new programme high.
The Dutch entrepreneurial development bank FMO, has announced the recent closing of multiple transactions to microfinance group Compagnie Financiere Africaine (COFINA).
Netherlands-based ASN Bank has invested $16.2m debt in the REGMIFA Fund to foster development in Sub-Saharan Africa through employment creation, income generation and poverty alleviation. ASN Bank is the first private investor joining REGMIFA.
US International Development Finance Corporation (DFC) has announced a new Health and Prosperity Initiative, which includes a call for proposals from private sector entities seeking DFC support for health-related investments in developing countries.
IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD), have agreed to collaborate more closely to create markets, mobilize private sector investment, and support economic recovery in developing countries in the wake of the COVID-19 global crisis.
MIGA, a member of the World Bank Group, has issued guarantees in support of the construction, ownership and operation of Actis Energy investments in South Africa’s Renewable Energy Sector.
