IFC has agreed to invest $6.75m in Mauritius-based CIEL Healthcare to help the company acquire and operate a chain of hospitals across sub-Saharan Africa.
The Dangote Foundation and Bill & Melinda Gates Foundation have announced a combined commitment of $100m over the next five years (2016-2020) towards ending undernutrition in Nigeria.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has announced a $4m financing commitment to Envirofit International, a social enterprise that innovates smart energy products to improve lives on a global scale.
Letshego Holdings, a financial inclusion focused group with consumer, micro lending and deposit-taking subsidiaries across Southern and East Africa, has acquired a 100% shareholding in FBN Microfinance Bank (FBN MFB) from its parent, FBN Holdings.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has announced its support to Azura-Edo Independent Power Producer (IPP) in Nigeria.
IFC, the Global Agriculture and Food Security Program’ private sector window (GAFSP), and Société Générale have signed an agreement to provide a second €70m trade facility to Burkina Faso’s largest cotton exporter SOFITEX.
IFC, a member of the World Bank Group, will provide a $105m loan to the Co-operative Bank of Kenya (Co-op Bank) to support lending to small and medium businesses, women entrepreneurs and the housing sector.
IFC, IFHA-II Cooperatief, Swiss Re and CIEL Healthcare Africa, have jointly invested $66.8m in Hygeia Nigeria, a West African provider of integrated healthcare.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved up to $700m in financing to support investment funds working in Africa with strong opportunity for development impact.
Proparco has invested €15m in Egyptian educational group Tiba, which manages six private institutions with a capacity for 20,000 students.
The French development institution, AFD Group (Agence Française de Développement), has invested $5.5m in the Novastar Ventures East Africa Fund, enabling the fund to reach its final close at $80m.
Proparco, the private sector financing arm of Agence Française de Développement (AFD), has partnered with the Mauritian group CIEL to develop a chain of private hospitals in Sub-Saharan Africa.
The European Investment Bank (EIB) has agreed to provide €110m (KSh 12bn; $120.93m) for investment by companies across East Africa under three new partnerships launched in Nairobi, Kenya.
IFC has acquired a 20% equity stake in Egypt-based Sphinx Glass, a key supplier of float glass to Egypt’s construction sector, and a significant regional and international exporter.
