Standard Chartered Bank and the Swedish Export Credit Corporation (SEK), have funded Millicom’s acquisition of an 85% majority stake in Tanzania’s Zantel, a local mobile telecom operator on the island of Zanzibar.
The Public Investment Corporation (PIC) has provided a $55m (R800m) debt funding facility to Allied Mobile Africa, one of the largest integrated supply chain solutions partners supporting operators, service providers and retailers in Africa.
Access Infra Africa, a pan-African developer, owner and operator of power assets, has signed a joint development agreement with Quaint Global Energy Solutions to invest in the $100m ABIBA Solar Project, a 50 MW solar power plant being developed in Kaduna state.
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has committed over $1.6bn to support President Obama’s Power Africa initiative, thus surpassing its initial financing and insurance goals.
BIO, the Belgian Investment Company for Developing Countries, and the Norwegian development bank, Norfund have partnered to support the development of a small hydro power station in Uganda, Rwimi SHPP.
IFC, a member of the World Bank Group, has provided a $60m loan to PanAfrican Energy Tanzania to help develop Tanzania’s offshore natural gas reserves.
Standard Bank Group has expanded its already extensive East African footprint with the official opening of a representative office in Addis Ababa, Ethiopia.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has invested $200m in Seven Energy International, an independent Nigerian integrated oil and gas development, production and gas distribution company.
The Overseas Private Investment Corporation (OPIC) has committed $15m to finance Txtlight Power Solutions, doing business as Nova-Lumos (Lumos), an off-grid electricity provider, to scale up a business that provides solar electricity to homes and small business throughout Nigeria.
The Overseas Private Investment Corporation (OPIC) has signed an agreement with US-based energy developer SolarReserve and Saudi Arabia-based ACWA Power, to develop the Redstone Concentrating Solar Power (CSP) project in Northern Cape, South Africa.
Africa Finance Corporation (AFC), an international finance institution for financing infrastructure projects in Africa, has announced that Côte d'Ivoire has become its latest member.
The European Investment Bank (EIB), Europe’s long-term financing institution, has announced a €30m ($33.51m) investment in the Meridiam Infrastructure Africa Fund, a pan-African fund targeting essential infrastructure projects.
FMO has closed a six-year $35m syndicated loan facility with National Microfinance Bank (NMB), one of Tanzania’s leading banking institutions.
PROPARCO has allocated a $20m loan with a 10-year maturity to TPSEA Group, a leading player in East Africa’s tourism industry, to support the development of its infrastructure in Kenya.
