Despite a difficult operating environment, Africa Finance Corporation (AFC) has delivered strong underlying operating results, achieving 25% growth in its balance sheet for the 2015 fiscal year.
GLS Bank, the first social and ecological bank in Germany, has invested €13m ($14.81m) in the SANAD Fund for MSME, which promotes access to finance for micro, small and medium enterprises (MSMEs) in the Middle East and North Africa (MENA) region.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has backed loans by international commercial banks to shore up Eskom’s power transmission infrastructure in South Africa.
FMO has invested R85m ($5.51m) in Bokpoort Concentrated Solar Power (CSP) Project in South Africa, using funding from AEF, alongside DEG and Lereko Metier.
The World Bank is planning to lend Tunisia up to $5bn over a five-year period to support the private sector, particularly in the southern and western parts of the country.
The African Development Bank (AfDB) has approved a $25m equity investment in the Abraaj Growth Markets Health (Africa) Fund, the Africa focused parallel partnership of the Abraaj Growth Markets Health Fund.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced the opening of OPIC’s first-ever West Africa and Central regional office, located in Abidjan, Côte d’Ivoire.
China-Africa Development Fund (CADFund), a Beijing-based private equity firm focusing on Africa, and the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, have joined forces to enhance trade and investment opportunities in Africa.
IFC, a member of the World Bank Group, and the Global Agriculture and Food Security Program have announced a $3m investment in SMTP Group to expand the company’s poultry operations in Madagascar.
The Norwegian Investment Fund for Developing Countries (Norfund) has recently announced a $10m investment in the East Africa based freight and logistics company Freight in Time (FiT).
The African Development Bank Group has approved a $24m loan to support Rwanda’s contribution to the development of the Multinational Ruzizi III Hydropower Project.
The MasterCard Foundation and the International Centre of Insect Physiology and Ecology (icipe), have announced a $10.35m commitment towards creating employment opportunities for young people through beekeeping and silkworm farming in Ethiopia.
IFC, a member of the World Bank Group, has invested $144m in Sonker Bunkering Company, SAE, to help develop vital new energy infrastructure and boost the performance and competitiveness of Egypt’s ports.
The African Development Bank (AfDB) has invested $8.2m in Shelter Afrique, a Pan-African finance institution exclusively supporting the development of the housing and real estate sector in Africa.
