Zambia has become the first Southern African member country of Africa Finance Corporation (AFC), a development finance institution for infrastructure in Africa.
South Africa-based Stanbic Bank has led a $55m local currency equivalent debt facility and has committed $9m to M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes.
Africa Finance Corporation (AFC) has signed an Accreditation Master Agreement (AMA) with the Green Climate Fund (GCF) in Seoul, South Korea.
The UK’s development finance institution, CDC Group is in search of compelling new long-term investment opportunities, prioritising the Francophone West Africa region.
FMO has agreed to provide a long-term loan of $10m to the African Local Currency Bond Fund (ALCB Fund).
CDC Group, the UK’s development finance institution, has invested $40m in Africa Capitalworks (ACW), an investment company that will provide permanent equity capital to growing mid-market companies across sub-Saharan Africa.
Rx Healthcare Fund has announced that GE Healthcare, a global provider of transformational medical technologies and services, is set to become an anchor limited partner in Rx.
FMO has underwritten a $39m senior debt for the financing of the 16MW Rand 6MW Nyamagasani 1 and 2 run-of-the-river hydropower projects in Uganda.
The European Investment Bank (EIB) has agreed to invest $15m in Egypt Mid-Cap, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies in Egypt.
The African Development Bank (AfDB) has approved a €15m equity investment in the Mediterrania Capital Fund III (MC III), a private equity fund managed by Mediterrania Capital Partners (MCP).
The International Finance Corporation (IFC), the investment arm of the World Bank, has announced its intention to acquire a significant stake in Britam Holdings.
The Dutch Development Bank FMO has invested €200k in the Technical Assistance Facility of the SANAD Fund for MSME.
CDC Group, the UK’s development finance institution, has invested $20m in Solon Capital Holdings, an investment holding company based in Sierra Leone.
Norfund has made a $2.75m (23.3m NOK) loan commitment to Afrisphere Worldwide, who trades as Nyama World with fully integrated beef production company in Malawi.
