IFC has announced a loan of up to R2.6bn ($200m) to FirstRand, in a transaction that launches a broader program aimed at expanding SME lending and strengthen support for small and medium enterprises by the formal banking sector.
IFC and Proparco, have invested €100m and €35m, respectively, in the first green bond issuance by Banque Centrale Populaire (BCP), to promote sustainable, environment friendly projects in Morocco.
The African Development Bank (AfDB) has announced a $15m equity investment in Shore Capital Fund III, a multinational private equity fund, which promotes financial inclusion in Africa.
IFC, a member of the World Bank Group, has invested $4.5m in the Medical Credit Fund (MCF), part of the PharmAccess Group, to increase access to quality healthcare in Africa.
MIGA has provided guarantees, amounting to a combined $677.3m, for international lenders looking to strengthen South Africa’s Land and Agricultural Development Bank (Land Bank), and the Development Bank of Southern Africa (DBSA).
The European Investment Bank (EIB) has agreed to provide a €50 loan to finance development of the drinking water supply and sanitation network of the city of Bamako, Mali.
Finnfund has granted Agflow Poultry, owner of EthioChicken, a $10m loan to support the development and expansion of the company's operations in Ethiopia.
Calvert Foundation is targeting to invest $50m across 10-15 investments in the next 18-24 months across different sectors in Africa, according to Jenn Pryce, President and CEO.
Standard Bank has finalised a $120m debt package with Zimbabwe Power Company (ZPC), for the rehabilitation of existing power infrastructure at Kariba South Hydro Power Station and Hwange Thermal Power Station.
The Ford Foundation has said it will commit up to $1bn from its $12bn endowment over the next 10 years to mission-related investments (MRIs).
The Aga Khan Fund for Economic Development (AKFED), its industrial and infrastructure development arm, IPS, and CDC Group have launched a joint power platform that will boost power generation in sub-Saharan Africa.
IFC has invested $22m to support the expansion of Bounty Brands, a South African platform that sells food, personal care and home care goods in over 40 countries globally.
Obviam has committed $8m on behalf of SIFEM to Catalyst Fund II, a $175m private equity fund that will make investments in SMEs and other fast growing companies in East Africa.
FMO has invested in Indorama Eleme Fertilizer & Chemicals, Sub-Saharan Africa's largest urea fertilizer manufacturer.
