IFC has committed $3.6bn in new long-term financing and mobilizations in Sub-Saharan Africa during its 2015 fiscal year, a 20% increase from $3bn committed in the previous year.
IFC and the IFC African, Latin American, and Caribbean Fund (IFC ALAC Fund) have participated in a new round of growth financing for Afrimax Group, a telecommunication operator in sub-Saharan Africa.
IFC, a member of the World Bank Group, has taken an 8% equity stake in Roxgold, a Toronto-based gold exploration and development company, to support sustainable development of the Yaramoko gold mine in western Burkina Faso.
The Public Investment Corporation (PIC) and African Export-Import Bank with participation from other investors, have provided $365m of debt and equity financing to Smile Telecoms Holdings (Smile), a pan-African telecommunications group.
CDC Group and the International Finance Corporation (IFC) have invested $24m to acquire a 5% holding in CRDB Bank, a provider of financial services in Tanzania.
Gabon has become a member of the Africa Finance Corporation (AFC), after signing the Corporation's Instrument of Accession and Acceptance of membership in Libreville.
The US Trade and Development Agency (USTDA) has announced its support for a solar project being developed by a Tanzanian company, NextGen Solawazi, at the African Growth and Opportunity Act (AGOA) Forum.
IFC, a member of the World Bank Group, has announced a new financing transaction with Brasserie et Limonaderies du Rwanda to support plans for expanding production of soft drinks and sourcing of maize from local farmers.
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 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.
