The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has announced its support to Azura-Edo Independent Power Producer (IPP) in Nigeria.
IFC, the Global Agriculture and Food Security Program’ private sector window (GAFSP), and Société Générale have signed an agreement to provide a second €70m trade facility to Burkina Faso’s largest cotton exporter SOFITEX.
IFC, a member of the World Bank Group, will provide a $105m loan to the Co-operative Bank of Kenya (Co-op Bank) to support lending to small and medium businesses, women entrepreneurs and the housing sector.
IFC, IFHA-II Cooperatief, Swiss Re and CIEL Healthcare Africa, have jointly invested $66.8m in Hygeia Nigeria, a West African provider of integrated healthcare.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved up to $700m in financing to support investment funds working in Africa with strong opportunity for development impact.
Proparco has invested €15m in Egyptian educational group Tiba, which manages six private institutions with a capacity for 20,000 students.
The French development institution, AFD Group (Agence Française de Développement), has invested $5.5m in the Novastar Ventures East Africa Fund, enabling the fund to reach its final close at $80m.
Proparco, the private sector financing arm of Agence Française de Développement (AFD), has partnered with the Mauritian group CIEL to develop a chain of private hospitals in Sub-Saharan Africa.
The European Investment Bank (EIB) has agreed to provide €110m (KSh 12bn; $120.93m) for investment by companies across East Africa under three new partnerships launched in Nairobi, Kenya.
IFC has acquired a 20% equity stake in Egypt-based Sphinx Glass, a key supplier of float glass to Egypt’s construction sector, and a significant regional and international exporter.
IFC InfraVentures, IFC’s Global Infrastructure Project Development Fund, will provide development funding and commercial and technical support to a developer consortium to co-develop a Nigerian solar power project via the Middle Band Solar One project company.
The Industrial and Commercial Bank of China (ICBC) has announced its intentions to invest up to R10bn ($0.69bn) in South Africa's power generation infrastructure, at the FOCAC Heads of Summit in Sandton, Johannesburg.
IFC, a member of the World Bank Group, in partnership with the Global Agriculture and Food Security Program, PROPARCO, and the Netherlands development finance company FMO, have arranged a $55m loan to the Kenya Tea Development Agency (KTDA).
Rwanda and Uganda are the first East African countries to become members of Africa Finance Corporation (AFC), a development finance institution for infrastructure projects in Africa.
