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.
The UK’s development finance institution CDC Group’s $65m investment into Zambeef Products, Zambia’s largest food processing business, has been approved by regulators.
Stanbic Bank Botswana has arranged a $35m bilateral loan to Botswana based multi-national ecotourism company, Wilderness Safaris, for the purchase of a new ecotourism company in Kenya and for further expansion across Africa.
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, in partnership with Afriland First Bank Ivory Coast, a Pan-African full service bank, have agreed to establish an Islamic Window in Ivory Coast.
The Dutch development bank FMO has arranged a $14.7m senior loan for the financing of the 10 MW (14GWh/y) Tororo Solar North PV solar power project in Uganda.
The Dutch development bank FMO has closed two debt facilities for a total of $8m to the 10-year debt fund Social Investments Fund 6.0 (SIF 6.0), which backs social enterprises in Sub-Saharan Africa and Latin America.
Attijariwafa Bank, a financial Group in Africa founded in 1904, has announced the acquisition of 100% of the share capital of Barclays Bank Egypt from Barclays Bank PLC.
IFC, a member of the World Bank Group, has launched MCPP Infrastructure, an innovative program that aims to raise $5bn from global institutional investors to modernize infrastructure in emerging markets over the next five years.
The Nigerian private sector has a critical role to play to help the country come out of the present recession, according to Akinwumi Adesina, African Development Bank’s President.
IFC, a member of the World Bank Group, with help from its development partners, has provided advisory services to businesses across the Middle East and North Africa (MENA) to help them grow, create jobs and boost economic development in the region.
Caterpillar, its independent dealers and the company’s philanthropic organization, the Caterpillar Foundation, have announced plans to invest more than $1bn in countries throughout Africa over the next five years.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced the opening of its first-ever East Africa office, located in Nairobi, Kenya, with Suresh Samuel as Managing Director.
The Dutch development bank FMO has arranged a $24m senior loan for the financing of the 16.5MW Siti 2 run-of-the-river hydropower project in Uganda.
Standard Bank of South Africa (SBSA), the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and Wells Fargo Bank have announced a $300m facility to fund power and infrastructure projects in Africa.
