IFC, a member of the World Bank Group, has issued a €25m, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the COVID-19 pandemic.
The US International Development Finance Corporation (DFC) has announced that it is launching the Africa Investment Advisor Program, which establishes a regional team based in Africa.
IFU, on behalf of the Danish SDG Investment Fund, has invested DKK 290m ($44.11) in Humania, which builds and operates private hospitals in Egypt and Morocco.
CDC Group, the UK’s development finance institution, has committed $100m to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners.
Proparco has committed $30m investment in the first close of AfricInvest’s Fund IV, a new multisector private equity fund that will support the development of strong local and regional consumer-driven businesses across Africa.
IFC, a member of the World Bank Group, has provided €10m in financing to Tunisian date processing company VACPA.
CDC Group and Finnfund have announced a $70m commitment to AfricInvest Fund IV, a generalist pan-African fund aiming to foster the growth of African enterprises across the continent. CDC, the UK’s impact investor and development finance institution, committed $50m and Finnfund, the Finnish development financier, committed $20m.
CDC Group, the UK’s publicly owned impact investor, has closed a $100m trade finance risk sharing facility with Societe Generale.
IFC, a member of the World Bank Group, has agreed to invest up to $10m in Globaltronics, a local Egyptian company to help it expand installation of digital prepaid and smart electricity meters in Egyptian homes.
Proparco and Société Générale Cameroun have provided €30m, including a tranche in CFA francs, to Actis for the construction of Douala Grand Mall (DGM), Cameroon’s first destination retail mall.
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.
