FMO backs ALCB Fund
FMO has agreed to provide a long-term loan of $10m to the African Local Currency Bond Fund (ALCB Fund).
FMO has agreed to provide a long-term loan of $10m to the African Local Currency Bond Fund (ALCB Fund).
CDC Group, the UK’s development finance institution, has invested $40m in Africa Capitalworks (ACW), an investment company that will provide permanent equity capital to growing mid-market companies across sub-Saharan Africa.
Rx Healthcare Fund has announced that GE Healthcare, a global provider of transformational medical technologies and services, is set to become an anchor limited partner in Rx.
FMO has underwritten a $39m senior debt for the financing of the 16MW Rand 6MW Nyamagasani 1 and 2 run-of-the-river hydropower projects in Uganda.
The European Investment Bank (EIB) has agreed to invest $15m in Egypt Mid-Cap, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies in Egypt.
The African Development Bank (AfDB) has approved a €15m equity investment in the Mediterrania Capital Fund III (MC III), a private equity fund managed by Mediterrania Capital Partners (MCP).
The International Finance Corporation (IFC), the investment arm of the World Bank, has announced its intention to acquire a significant stake in Britam Holdings.
The Dutch Development Bank FMO has invested €200k in the Technical Assistance Facility of the SANAD Fund for MSME.
CDC Group, the UK’s development finance institution, has invested $20m in Solon Capital Holdings, an investment holding company based in Sierra Leone.
Norfund has made a $2.75m (23.3m NOK) loan commitment to Afrisphere Worldwide, who trades as Nyama World with fully integrated beef production company in Malawi.
IFC has approved an investment of $635m that will help construct, operate and maintain up to 11 solar power plants in Egypt.
The Emerging Africa Infrastructure Fund (EAIF) and FMO, the Dutch development bank, have jointly provided a $29.3m of senior debt with a 12-year term to refinance the 13MW Bugoye hydro-electric power plant in Western Uganda.
Absa Bank, a subsidiary of the Barclays Africa Group (BAGL), has concluded a 5-year $100m special facility agreement with the China Development Bank (CDB).
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has provided a $28m subordinated loan facility for the development of Topic SA's (Topic) Halk El Menzel offshore oil concession block (The Helm Project) in Northern Tunisia.