Standard Bank, Africa’s largest lender by assets and market capitalisation, has provided R566m ($49.97m) development funding to Menlyn Maine Investment Holdings to finance the construction of a mixed-use retail and commercial property in South Africa’s capital city of Tshwane.
The Swiss Investment Fund for Emerging Markets (SIFEM), the Switzerland development finance institution, has committed $7.5m to the Synergy Private Equity Fund.
Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority (NSIA), has announced that NSIA through its Gas to Power funds managed on behalf of Nigeria’s Debt Management Office is planing to invest at least $100m in aggregate principal amount of senior secured notes due in 2023 to be issued and privately placed by Seven Energy Finance Ltd.
IFC, a member of the World Bank Group, and the government of Senegal, have developed a program that will help provide access to credit for the agricultural sector and ease the commercialization of agricultural products.
The European Investment Bank has agreed to provide €23m ($29.05m) to support investment in one of the largest photovoltaic power stations in sub-Saharan Africa.
The Swiss Investment Fund for Emerging Markets (SIFEM) has participated in a rights issue of the Maghreb Private Equity Fund III (MPEF) by committing an additional €1.75m.
The Netherlands development finance company, FMO will provide a local currency debt facility of €7.5m ($9.47m) to LAPO Microfinance Bank, a leading pro-poor financial institution in Nigeria.
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has approved a $100m commitment to Emerging Capital Partners’ (ECP) Africa Fund IV, which is focused on promoting economic growth in Africa.
