The Multilateral Investment Guarantee Agency (MIGA) has provided a guarantee of $29.1m in support of Tata Power’s equity investment in Itezhi Tezhi Power Corporation in Zambia.
Abu Dhabi Fund for Development (ADFD), a national organization owned by the Abu Dhabi government, has secured AED12m ($3.27m) for Algeria’s health sector development.
The larger local banks in the GCC are approaching saturation in their home market and are starting to venture out to attractive markets such as Africa.
USAID has announced $4m in new investments to eight companies that are revolutionizing household solar power across Africa through the Scaling Off-Grid Energy: Grand Challenge for Development.
The Global Energy Efficiency and Renewable Energy Fund (GEEREF), a fund-of-funds equally funded by public and private capital, has committed $16.6m to the Catalyst MENA Clean Energy Fund.
IFC, a member of the World Bank Group, has agreed to invest $20m in ACWA Power Ouarzazate, a developer of the 160 MW NOORo 1 concentrated solar power (CSP) parabolic trough plant in Morocco.
Stockdale Street, which represents the Oppenheimer family interests’ South African private equity portfolio, has announced a R100m ($6.95m) investment in Senqu Capital, a new South African hedge fund business.
Ecobank has provided over $248k (£200k) in seed funding to AinFin, a financial technology company that through its product Swifin enables both the banked and unbanked to participate in financial transactions globally.
The African Development Bank (AfDB) has approved a $20m equity investment in Rx Healthcare Fund (RxHF) to help improve healthcare delivery across the African continent.
Over $200m in OPIC’s commitments to the information and communications technology (ICT) sector are in Africa, representing about 20% of the sector’s portfolio, according to Alex Hadden, Director, Structured Finance & Insurance.
The EFG Hermes Foundation has inaugurated newly renovated facilities in Al Makhzan Village in Upper Egypt’s Qena governorate as part of a joint effort with the Kuwaiti Initiative for the Support of the Egyptian People.
Norfund and Scatec Solar have signed a Power Purchase Agreement (PPA) securing the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM).
The African Development Bank Group (AfDB) has approved a framework document for the establishment of the AfDB Multi-Partner Somalia Infrastructure Fund.
The World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has further increased its commitment to Africa by opening a new Regional Hub in Dakar, Senegal.
