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.
Centum Foundation has invested an undisclosed amount in Elimu TV, a content provider focused on creating multimedia content for various platforms including online, satellite and digital transmission in East Africa.
IFC, a member of the World Bank Group, has invested in Nigeria-based Indorama Eleme Fertilizer Company to support the expansion of the country’s largest fertilizer production facility.
Africa Finance Corporation (AFC) has completed the purchase of InfraCo Africa's stake in Cabeólica, a Cape Verdean wind independent power producer.
The Nigeria Sovereign Investment Authority (NSIA), managers of Nigeria’s Sovereign Wealth Fund, along with IFC, a member of the World Bank Group, are looking to increase investments in the Nigerian health sector.
The European Investment Bank (EIB), the world’s largest international public bank, is looking to expand its portfolio in Kenya and the wider East African region, Africa Global Funds has learned.
Centum Foundation, an initiative founded by Centum Investment Company, is planing to invest up to $5m in African startups by 2019.
Bayport Management, an emerging market financial services group, has closed a $250m senior debt facility with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution.
The Danish government, the Investment Fund for Developing Countries (IFU), PensionDanmark and PKA, have jointly invested $102.28m (DKK 700m) in the Danish Agribusiness Fund, which will back agri projects in developing countries.
Convergence has launched the world’s first deal sourcing platform that helps public and private investors find and connect with each other for blended finance investments in emerging and frontier markets.
