CDC Group, the UK’s development finance institution, has committed up to $9m in Virunga Energy, a hydro-electric power business backed by UK charity, The Virunga Foundation, to provide clean electricity to communities living in and around Virunga National Park in North Kivu, Eastern Congo.
The Global Environment Facility (GEF) has approved $18m in funding for projects in Africa co-financed with the African Development Bank (AfDB).
CDC Group, the UK’s development finance institution, has acquired a 10.68% equity stake in I&M; Holdings (IMHL), a Nairobi-headquartered banking group.
The Dutch development bank FMO has signed an agreement with Power Africa to spur investment in renewable energy across sub-Saharan Africa.
Africa Finance Corporation (AFC) alongside its development partners, has announced the Africa Project Developers Initiative (APDI), a think tank and network to promote and enable project development in Africa.
Standard Bank Group has completed a $95m equivalent upsizing of the syndicated term loan facilities for Helios Towers Tanzania (HTT), a subsidiary of Helios Towers Africa (HTA), to finance the next phase of expansion of its network of telecommunications towers across Tanzania.
The future of Africa lies inside Africa, using African resources, and utilizing African markets, African Development Bank President Akinwumi Adesina has said.
Africa Finance Corporation (AFC) has announced that it will invest up to $140m in the Gabon Special Economic Zone (GSEZ), a joint venture vehicle between Olam International, a leading agricultural business, and the Republic of Gabon.
The Nigeria Sovereign Investment Authority (NSIA), manager of Nigeria’s sovereign wealth funds, has made fewer, but more strategic investments in 2015, according to MD & CEO, Uche Orji.
IFC, a member of the World Bank Group, has launched the first bond by a non-resident issuer in the Namibian capital markets, raising 180m Namibia dollars ($12m) for private sector development in the country.
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.
