EIB Global, the development arm of the European Investment Bank, provided more than €4.2bn for public and private investment across Africa in 2022, representing about 39% share of the total financing outside Europe.
The Minerals Income Investment Fund (MIIF) has agreed to commit GHS25m to the Injaro Ghana Venture Capital Fund (IGVCF) which is managed by Injaro Investment Advisors (IIA).
Swedfund has invested $30m in the Mirova Gigaton Fund, a blended finance debt fund to accelerate the clean energy transition in emerging countries in Africa and Asia Pacific predominantly, as well as Latin America and the Middle East.
The government of Tanzania, the African Development Bank and the French Development Agency (AFD) have signed agreements for two development project loans worth $300m.
The United States Agency for International Development (USAID) and Ireland’s international development programme, Irish Aid, announced funding to build more sustainable food systems to help fight global hunger and prevent the next food crisis in sub-Saharan Africa. This announcement builds on the long-standing partnership between the United States and Ireland to combat global hunger and food insecurity.
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, has agreed to invest €20m in the Urban Resilience Fund (TURF), launched by Meridiam.
UBS has announced a three-year, $3m commitment to Black Innovation Alliance (BIA) to help build a more inclusive entrepreneurial ecosystem that equips Black founders with access to resources and support to build high-growth businesses.
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a $50m investment to Invictus Trading, a subsidiary of Invictus Investment and a key partner handling the import activity for the DAL Group.
Norfund, the Norwegian development finance institution, has invested R80m in convertible debt in Synercore Holdings, a South African food ingredient manufacturer, formulator and distributor to fast-moving consumer goods companies in Africa.
Swedfund has invested $26m in African Infrastructure Investment Fund 4 (AIIF4), managed by Africa Infrastructure Investment Managers (AIIM).
The OPEC Fund for International Development and Africa Finance Corporation (AFC) have signed a $50m loan agreement to finance the development of infrastructure critical to economic growth and job creation across the continent.
Proparco and Investec Bank have partnered to implement the Transforming Financial Systems for Climate (TFSC) programme in South Africa.
Bill & Melinda Gates Foundation will spend $8.3bn this year to continue its work fighting poverty, disease, and inequity, according to CEO Mark Suzman.
The African Development Bank (AfDB) (as mandated lead arranger), the Eastern and Southern African Trade & Development Bank (TDB) and Finnfund, have provided a $72m debt funding to Globeleq for the 35MW Menengai geothermal project in Nakuru County, Kenya.
