African Development Bank has approved a $40m equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300.
British International Investment (BII), the UK’s development finance institution and impact investor, Zambia’s National Pension Scheme Authority (NAPSA) and Swedfund have joinly launched Growth Investment Partners Zambia (GIP Zambia), an investment company designed to provide long-term, flexible capital, primarily in local currency to small and medium-sized enterprises (SMEs) in Zambia.
DFC has announced that it will provide project development funding for the Banio Potash Mine in Mayumba, Gabon.
British International Investment, the UK’s development finance institution and impact investor, had committed £1.09bn to African companies in 2024 to create jobs, reduce aid dependency and combat the climate emergency.
Standard Bank Group has extended a R400m working capital facility structured in a sustainable finance format to a South African earned wage access (EWA) provider Paymenow.
The Public Investment Corporation (PIC) and British International Investment (BII) have signed a Memorandum of Understanding (MoU) to accelerate collaboration in investments across the African continent.
The African Development Bank, European Bank for Development and Reconstruction (EBRD), and the British International Investment (BII), the UK’s development finance institution and impact investor, have agreed to provide $479.1m to Obelisk Solar Power SAE, a special purpose vehicle incorporated in Egypt, and owned by Scatec ASA.
International Finance Corporation has committed up to the lower of $25m or 20% of total Limited Partner (LP) commitment in Enko Capital's new Impact Credit Fund (EICF).
Oando, Nigeria’s leading indigenous energy solutions company with primary and secondary listings on the Nigerian and Johannesburg Stock Exchanges, has announced the successful upsizing of its Reserve Based Lending (RBL2) facility to $375m.
Africa50, a pan-African infrastructure investor and asset manager, has signed a Memorandum of Understanding (MoU) with the Bourse Régionale des Valeurs Mobilières (BRVM) to pioneer new infrastructure financing solutions within the West African Economic and Monetary Union (WAEMU), leveraging the region’s capital markets.
In a significant vote of confidence for Africa’s underserved mid-market, four leading European Development Finance Institutions (EDFIs)—British International Investment (BII), FMO (the Dutch entrepreneurial development bank), Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM)—have jointly committed $80m to BluePeak Private Capital Fund II (BPCF II).
The Public Investment Corporation (PIC), representing the Government Employees Pension Fund (GEPF) of South Africa, has made a $40m investment in Africa50 Group, a pan-African infrastructure investor and asset manager, becoming its 36th shareholder.
Norfund has announced a $7.5m investment in Inside Equity Fund II, a private equity fund dedicated to supporting small and medium-sized enterprises in some of the most underfinanced and least developed markets in Southeast Africa.
DEG has increased its stake in the latest fund Mediterrania Capital IV Mid-Cap by a further €15m, bringing the total amount invested to €25m.
