Africa Finance Corporation (AFC) and the Dutch development bank, FMO will provide an equity investment of up to $3m for the development of the 44MW Singrobo hydroelectric power plant in Côte d’Ivoire.
IFC, a member of the World Bank Group, has invested $25m in Alcazar Energy to help develop and operate a series of renewable energy projects in the Middle East and North Africa (MENA) region, with a focus on solar and wind power plants.
The Public Investment Corporation (PIC) on behalf of the Government Employees Pension Fund (GEPF), has increased its exposure in the mobile telecommunications operator Vodacom by purchasing the Government of South Africa’s 13.91% equity stake.
The UK development finance institution CDC Group has made commitments of $102.8m in four African private equity funds last year.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved over $1bn financing and insurance commitments to support five private sector-led development projects in Africa.
IFC, a member of the World Bank Group, will provide a $20m equity investment in Agrivision Africa, an investee company of the Johannesburg Stock Exchange-listed agribusiness group Zeder Investments.
IFC and the Digital East Fund of Earlybird Venture Capital have invested $6.8m in EMBonds, a London-based electronic marketplace for emerging market bonds, to support its expansion.
The renewable energy sector in Tanzania is both awash with opportunities and ripe for investment, Kurt Lonsway, AfDB Division Manager for Environment and Climate Change, has said.
The world’s six large multilateral development banks (MDBs) delivered $4.2bn in financing last year to help African economies mitigate and adapt to the challenges of climate change.
Demand for emerging markets infrastructure is increasing and changing the nature of sovereign collaboration, according to the Invesco Global Sovereign Asset Management Study 2015.
The Islamic Corporation for the Development of the Private Sector (ICD) and the Banco Nacional de Investimento (BNI) have agreed to cooperate in private sector development in Mozambique.
IFC, a member of the World Bank Group, and the Central Bank of Congo have signed an agreement that enables IFC to swap US dollars for Congolese francs.
IFC, a member of the World Bank Group, and Chinese multinational construction and engineering company, CITIC Construction have launched a $300m investment platform, CITICC (Africa) Holding, to develop affordable housing in Sub-Saharan Africa.
African and top global Chief Executive Officers have launched a Continental Business Network (CBN) to fast-track high-level private sector investment into Africa’s regional infrastructure.
