IFC has announced an equity investment of CFA franc 1.25bn ($2m) in the West African Economic and Monetary Union’s Caisse Régionale de Refinancement Hypothécaire, the regional mortgage refinancing company (CRRH-UEMOA).
The National Empowerment Fund (NEF) will become a wholly-owned subsidiary of the Industrial Development Corporation (IDC), according to the Ministers of Trade and Industry and of Economic Development in South Africa.
FMO has committed $30m in the senior capital tranche of Frontclear, a financial markets development company focused on catalyzing stable and inclusive interbank markets in emerging and developing countries.
Arise, a collaborative partnership between Norfund, FMO and Rabobank, has approved a $50m bridging loan to dfcu Ltd, a development finance institution in Uganda.
The Ontario Municipal Employees Retirement System, a Canadian pension fund and CI Investments among others have committed to invest $116m in Fairfax Africa, an investment holding company owned by Fairfax Financial Holdings.
Africa Finance Corporation (AFC) alongside other international investors is set to invest $205m in Alufer Mining to fund the development of Guinea-Conakry’s high grade bauxite reserves.
Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), has committed to invest $180m in a strategic deep sea port in Angola.
Ethiopia’s University of Gondar and Canada’s Queen’s University have announced a 10-year, $24.2m partnership to advance inclusive higher education for young people with disabilities in Ethiopia and other African countries.
Africa Finance Corporation (AFC), a pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated Sukuk issuance from an African institution.
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 Nigeria Sovereign Investment Authority (NSIA) and GuarantCo, which is part of the Private Infrastructure Development Group (PIDG), have established InfraCredit, an infrastructure credit enhancement facility in Nigeria conceptualized in 2014.
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.
