The African Development Bank alongside Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), African Trade Insurance Agency (ATI) and GuarantCo, have launched a Co-Guarantee Platform (CGP).
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has invested $100m in Africell Holdings to expand access to telecommunications in Africa.
The Development Bank of Southern Africa (DBSA) has been awarded funding to the value of $55.6m from the Green Climate Fund (GCF) to establish a R2bn Climate Finance Facility (CFF).
Africa Finance Corporation (AFC), an infrastructure development finance institution in Africa, has acquired a $300m loan facility from the Export-Import Bank of China (CEXIM).
Proparco and DEG have signed a $150m credit facility to The Mauritius Commercial Bank (MCB) to finance long-term corporate and infrastructure projects in Mauritius and sub-Saharan Africa.
Dutch Development Bank FMO has granted a loan of $40m to I&M Bank Kenya, to boost lending to small and medium sized enterprises in the country.
The Overseas Private Investment Corporation (OPIC) has committed $25m in financing to the Solar Energy Transformation Fund, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub-Saharan Africa and Asia.
CDC Group and the OPEC Fund for International Development (OFID), as well as renowned private investors have invested over $20m in the Regional Education Finance Fund for Africa (REFFA).
Finnfund, a Finnish development finance company, has committed $10m to an impact fund for sustainable forestry, the Arbaro Fund.
The Overseas Private Investment Corporation (OPIC) has approved $426m in financing and political risk insurance across three projects that will advance development in Africa.
MIGA, a member of the World Bank Group, has issued a guarantee of $105.4m in support of the construction of the first wind farm in Senegal.
The African Development Bank has approved a $15m equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in West Africa.
IFC has stepped up its investments in the Middle East and North Africa, committing a record $2bn to support the region’s private sector, boost innovation, drive economic growth, and create jobs.
The UK Prime Minister Theresa May has announced a range of measures to boost much-needed investment in businesses and infrastructure across Africa, including an additional £4bn of private sector investment into the continent.
