Africa Finance Corporation (AFC) has received $50m loan from the Islamic Development Bank to finance projects located across the numerous African IDB member countries.
The African Development Bank (AfDB) and AccessBank Liberia (ABL) have signed a technical assistance partnership agreement to enhance ABL’s reach to micro, small and medium enterprises (MSMEs).
The German development finance institution DEG - Deutsche Investitions- und Entwicklungsgesellschaft, has invested in the Berlin-based solar company Mobisol, which is expanding in East Africa.
FMO has arranged a $75m subordinated term loan providing Tier II capital to Ecobank Nigeria.
The infrastructure investment platform Africa50 has raised $830m from 20 African countries and the African Development Bank for infrastructure development in the region.
The Overseas Private Investment Corporation (OPIC) has committed $233m in debt financing to support construction and operation of the Kipeto Wind Power Project in Kajiado, Kenya.
The Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has announced an intent to lend up to $100m under Goldman Sachs’ Women Entrepreneurs Opportunity Facility (WEOF).
The West African Development Bank (Banque Ouest Africaine de Developpement, BOAD) is planning to raise $500m in the international financial markets over the final quarter of 2015, according to BOAD’s President Christian Adovelande.
IFC has announced a $35m investment in telecom operator, Africell, to support the expansion and upgrade of mobile networks in Gambia, the DRC, Sierra Leone and Uganda.
The Industrial Development Corporation of Zambia, a domestic development finance institution wholly owned by the Zambian government, has partnered with IFC, a member of the World Bank Group, to explore development of two 50 MW solar PV independent power projects through the Scaling Solar program.
The Board of the European Investment Bank has approved over $300m (€279m) of new investments for strategic infrastructure in Africa.
The £1.7bn ($2.65bn) Royal County of Berkshire Pension Fund is looking to increase its exposure to developing markets, which by definition will include Africa, according to Nick Greenwood, Pension Fund Manager.
Africa Finance Corporation (AFC) has been accredited as a partnering institution to the Green Climate Fund (GCF), making it the fund’s first African development finance institution.
For the first time in 20 years, the UK government will invest over $1.1bn (£735m) over 3 years in its development finance institution, CDC to target promising businesses in Africa and South Asia.
