IFC and partners British International Investment (BII) and Proparco have announced a financing package for Sonatel to improve essential telecommunications infrastructure in the country and expand access to reliable, affordable mobile and fixed broadband services.
FMO, the Dutch entrepreneurial development bank, has committed $10m to TLcom’s second Africa-focused VC fund, TIDE Africa II, which announced its final close at $154 million on April 22 2024.
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, in partnership with Italy’s national development finance institution Cassa Depositi e Prestiti S.p.A (CDP), have announced a landmark Memorandum of Understanding (MoU) that sets out to elevate Italian-African business collaboration, contributing to sustainable growth and prosperity on a global scale.
British International Investment (BII), the UK’s development finance institution and impact investor, has signed a $100m risk-sharing facility with Citi to support the trade finance needs of SMEs and corporates in frontier and emerging African economies.
RMB, one of Africa’s corporate and investment banks, has invested in Acre Export Finance Fund I, which targets commercial debt tranches of Export Credit Agency (ECA) transactions supporting climate-aligned infrastructure in Africa.
The Norwegian Investment Fund for developing countries (Norfund) invested just over 6.5 billion NOK in developing countries in 2023, with 51% of investments in Africa.
The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, has committed $25m to Allied Climate Partners (ACP)—a new and innovative public-private partnership focused on increasing the number of bankable climate projects in emerging markets and developing economies around the world.
British International Investment (BII), the UK's Development Finance Institution (DFI) and impact investor, has announced a $100m finance facility with the Eastern and Southern African Trade and Development Bank (TDB).
IFC and Solcon Capital have partnered to identify and nurture investment opportunities in the Deep Tech sector within South Africa and India.
Finnfund, DFC, SEDF (Soros Economic Development Fund), UBS Optimus Foundation and Grand Challenges Canada, have invested $20m in Hewatele, a medical oxygen producer in Kenya.
The Danish Climate Investment Fund (DCIF), managed by IFU, has sold its 6.25% stake in Lake Turkana Wind Power, the largest wind farm in Africa, to the Climate Finance Partnership, a public-private finance vehicle managed by BlackRock.
British International Investment, the UK’s development finance institution and impact investor, has underlined its support for fintech entrepreneurs with a $40 m commitment to a new Apis fund – the Apis Growth Markets Fund III (Apis III). Apis Partners is a UK-based private equity firm investing exclusively in high-growth, capital-light, tech-enabled financial services businesses globally.
EIB Global has announced a $30m equity investment in the Seedstars Africa Ventures I venture capital fund.
The Danish Investment Fund for Developing Countries (IFU), on behalf of the Danish SDG Investment Fund, has invested €21m in Oncologie et Diagnostic du Maroc (ODM), a healthcare provider in Morocco.
