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.
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.
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.
Standard Bank has acquired a majority stake in Firepay, a South African developer of mobile payments technology, for an undisclosed amount.
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.
