The Dutch development bank FMO has invested $15m in the senior tranche of the debt sub-fund in the SANAD Fund for MSME to support small businesses in the Middle East and North Africa (MENA).
The Overseas Private Investment Corporation (OPIC) has approved up to $5m financing to support Unreasonable Capital Fund I, a venture capital firm that invests in scalable and profitable companies across Latin America, India, Asia, and Africa.
Letshego Holdings, an inclusive finance focused group with consumer lending, microfinance and deposit-taking subsidiaries across Southern, East and West Africa, has acquired a 100% shareholding in afb Ghana, a licensed non-bank financial institution.
The Public Investment Corporation (PIC) has announced that it will acquire 26.4% of the ordinary shares of Distell Group, a South African producer and marketer of ciders, ready-to-drink beverages, spirits and fine wines.
Sanlam and Santam have announced that they will increase their stake in Morocco-based Saham Finances by a further 16.6% to 46.6% for $329m plus transaction costs.
Finnfund, Barona Technologies and Polkuni have committed €1.75m to Finnish-Kenyan start-up Fuzu to support business development and expansion in Africa.
IFC and MIGA, members of the World Bank Group, have committed $517m in debt and guarantees to support Ghana’s Sankofa Gas Project, an integrated offshore oil and natural gas project.
IFC, a member of the World Bank Group, and FMO, the Dutch development bank, have invested in Mobisol, a pay-as-you-go solar energy service company, to deliver renewable energy solutions to off-grid communities in East Africa.
Standard Bank has acquired a majority stake in Firepay, a South African developer of mobile payments technology, for an undisclosed amount.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved up to $200m in new financing to two Africa-focused funds.
The African Development Bank (AfDB) has approved a seed equity capital investment of $25m into the African Domestic Bond Fund (ADBF), an enhanced Exchange Traded Fund (ETF) listed in Mauritius.
The French group Meridiam, a long-term private investor in public infrastructure, has completed the financing of a 30MWc photovoltaic centre in Senegal.
The Medical Credit Fund has raised $17.45m from the Overseas Private Investment Corporation, Calvert Foundation, a private foundation and a Dutch private family office for healthcare impact investments in Africa.
The African Development Bank (AfDB) has approved a $10m equity investment in the Technology and Innovation in Developing Economies (TIDE) Fund I to boost production and growth in Africa.
