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.
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.
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.
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.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has signed two major financing agreements for the development of energy projects in Senegal.
Proparco, the private sector financing arm of the French Development Agency, has committed a €10m equity investment in Activa Group to support its development in Sub-Saharan Africa.
The African Development Bank has announced investments of $24bn in the coming decade to drive Africa’s agricultural transformation.
CDC, the UK’s development finance institutions, has recently allocated $20m to EuroMena III, a 9-year closed-end generalist private equity fund, and another $20m to Atlantic Coast Regional Fund II (ACRF II), a growth equity fund, managed by Dakar-based Advanced Finance and Investment Group (AFIG Funds).
Proparco, the private sector arm of the French Development Agency, has invested €1m to support the development of Afrimarket, a cash-to-goods money transfer company.
The MasterCard Foundation has committed $5.2m to Root Capital over five years to support early-stage agricultural businesses that generate transformational impact in rural communities in Côte d’Ivoire, Ghana, and Senegal.
