Emerging markets, on average, now make up 31% of institutional investors' alternative allocations, whereas private equity is an asset class of choice, a new study from BNY Mellon has revealed.
IFC has invested $25m in GCCredit Opportunities Fund II, a private debt fund, managed by Gulf Capital, one of the largest and most active alternative asset managers in the Middle East.
FMO has closed a 10-year $22.5m syndicated loan facility with Ghana Home Loans(GHL), Ghana’s leading residential mortgage provider.
Swedfund, DBL Group, and Development Bank of Ethiopia have agreed to invest in a textile factory in Mekelle, Ethiopia, which will provide job opportunities for 4,000 people.
Standard Chartered has partnered with the United States Agency for International Development (USAID), to deliver a term loan worth $60m to Zambia’s Electricity Supply Corporation (ZESCO).
IFC, a member of the World Bank Group, has announced it will invest $25m in Carbon Holdings, an Egyptian developer and operator of manufacturing projects for downstream petrochemicals required in a range of industries, including mining, food packaging, and automotive parts.
The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and the Renewable Energy Performance Platform (REPP) have announced an agreement to facilitate cooperation on renewable energy projects in Sub-Saharan Africa.
IFC has announced its plans to invest up to $30m in Ascendis Health, a South Africa-based fast growing health and care company selling a portfolio of market-leading brands for animals, plants and humans.
Ecobank Transnational Incorporated, parent company of the Ecobank Group, and Old Mutual Emerging Markets (OMEM), a member of the Old Mutual Group, have announced a new strategic agreement that will strengthen existing ties between the leading pan-African bank and the insurance and asset management giant.
The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has approved a $15m loan to a new investment vehicle managed by SunFunder that will provide financing to companies operating in developing countries that manufacture, distribute and install solar lighting and energy systems.
CDC Group, the UK’s development finance institution, has announced a $140m investment in ARM Cement to boost the local supply of cement in East Africa and promote infrastructure development.
Proparco has announced a €34.5m loan with an 18-year maturity to finance the construction and operation of the Senergy solar project, a photovoltaic solar power plant in Senegal.
IFC, a member of the World Bank Group, has invested $40m in Growthpoint Investec African Properties, a property investment holding company led by Investec Asset Management and Growthpoint Properties.
IFC, a member of the World Bank Group, has invested $25m in First National Bank Zambia to increase access to finance for small and medium-sized businesses and the agriculture sector in support of inclusive economic growth.
