AVIC International, Industrial & Commercial Development Corporation of Kenya and the Co-operative Bank of Kenya, have provided $155m of funding in debt and equity in Two Rivers Development, a project of Centum Investment Company.
The UK’s development finance institution CDC has invested $15m in Miro Forestry, a sustainable timber business which operates in Sierra Leone and Ghana.
IFC, a member of the World Bank Group, has provided a $4.5m loan to Goodlife Pharmacy to help the company open a chain of 80 pharmacies across Kenya and East Africa.
The World Bank Group has approved $5m financing in both IDA credits and grants for the Public Sector Strengthening Project in the West African nation of Guinea-Bissau.
Standard Bank has signed a $250m loan agreement with the Japan Bank for International Cooperation (JBIC) to fund green energy projects in sub-Saharan Africa.
The UK Green Investment Bank (GIB) has announced a £200m ($296.98m) international green investment pilot program to invest in renewable energy and energy efficiency projects in East Africa, South Africa and India.
Japanese investors have ramped up their project finance commitments in Africa by a staggering 576% over the last five years, according to a new research by global law firm Linklaters.
The Public Investment Corporation (PIC), the South African government owned asset manager, has purchased a 40% strategic equity stake in Eduloan, an education finance and bursary management specialist, on behalf of the Government Employees Pension Fund (GEPF).
Societe Generale, one of the largest European financial services groups, has revealed plans to acquire a stake in Mauritius Commercial Bank Mozambique (MCBM), subject to the approval of the Central Bank of Mozambique.
The Public Investment Corporation (PIC), which is managing assets of the Government Employees Pension Fund, Africa's largest pension fund, has invested ZAR1bn ($81m) to acquire stakes in two solar power projects in South Africa.
The number of ultra-high net worth individuals, those with at least $30m in assets, in Africa will increase by 59% over the next 10 years, according to The Wealth Report 2015, compiled by Knight Frank with support from Standard Bank Wealth and Investment.
The Hungarian Export-Import Bank (Eximbank) will contribute €3m ($3.18m) to the EU-Africa Infrastructure Trust Fund, according to Hungary’s Minister of External Economy and Foreign Affairs, Péter Szijjártó.
The Mauritius Commercial Bank (MCB) is focused on securing new business across the African continent and engaging in organic growth by increasing cross-border financing and entering into regional ventures, strategic partnerships or alliances, according to Raoul Gufflet, Head of MCB’s International division.
IFC, a member of the World Bank Group, will be providing a $37m (ZAR455m) loan to support a new solar thermal electricity power facility in South Africa’s Northern Cape region.
