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.
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.
