The World Bank Group has announced the launch of Scaling Solar at the Powering Africa: Summit in Washington DC, a gathering of African ministries, utility companies and the international power community to discuss progress and initiatives to increase access to energy across Africa.
IFC, a member of the World Bank Group, plans to invest $30m in Guinea in 2015, boosting support for small and medium enterprises in the country, which are critical for job creation and economic growth.
Abu Dhabi Fund for Development (ADFD) will provide a AED36.73m ($10m) loan to the Government of Swaziland to support its economic and social development through the development of roads and improvement of surface transportation network.
Africa Finance Corporation (AFC), an infrastructure focused investment grade rated multilateral development finance institution, has announced the provision of a $25m loan as part of a $150m senior unsecured syndicated loan facility to the Kenya Power and Lighting Company (KPLC).
Egypt is on track to implement a clear road map for political and economic reform and improve the business climate, Ibrahim Mahlab, Prime Minister of Egypt, has said at a symposium organised by the British Egyptian Business Association (BEBA).
The Overseas Private Investment Corporation (OPIC) and the US Trade and Development Agency (USTDA) have committed $20m to the US-Africa Clean Energy Finance (ACEF), an Africa-focused renewable energy initiative.
Africa Finance Corporation (AFC), a multilateral development finance institution, has closed a $300m dual tranche (2-Year and 3-Year) club facility arranged by six initial mandated lead arrangers and bookrunners.
IFC, a member of the World Bank Group, and Eiffage, a European public works and concessions firm, have announced a financing agreement for the extension of the Dakar toll road in Senegal.
Three major European development finance institutions (DFIs) - PROPARCO, FMO and DEG - have signed a 12-year loan facility of $189m with the Aga Khan Fund for Economic Development (AKFED) to support economic and social development in Africa, the Middle East and South and Central Asia.
CDC, the UK’s development finance institution, has invested $20m in the first pan-African renewable energy fund.
Africa Finance Corporation (AFC) and Germany’s International project and export finance bank, KfW IPEX-Bank, have signed a $300m Framework financing agreement.
The African Development Bank (AfDB), Eksport Kredit Fonden, Emerging Africa Infrastructure Fund (EAIF), Habib Bank and International Finance Corporation (IFC) have provided $135m loan facility to Nyumba Ya Akiba Cement project in the Democratic Republic of Congo (DRC).
IFC, a member of the World Bank Group, has announced a commitment of $200m to help IHS Nigeria expand its tower portfolio and create mobile phone infrastructure that will improve mobile call service quality for operators and consumers in Nigeria.
IFC, a member of the World Bank Group, will provide $80m of debt financing to Azura Power West Africa, a 450 MW gas-fired independent power project in Nigeria (Azura-Edo IPP).
