Ecobank Group CEO Albert Essien urged investors to be prepared to engage with African countries on a long-term basis and avoid abrupt changes in investment focus because of perceived instability in certain markets.
The Fundo Soberano de Angola (FSDEA), Angola's $5bn Sovereign Wealth Fund, is seeking investments in mining, timber, health and agriculture as it seeks to diversify its asset base and increase returns.
Nation Media Group Staff Retirement Benefits Scheme, through its fund manager STANLIB Kenya, has invested $1m (Sh91m) in Ascent Rift Valley Fund, an East Africa-focused private equity fund.
The West African Development Bank (BOAD) has raised over $198m (XOF115bn) from ECOBANK (Agent Bank), BOA, Banque Atlantique, BGFI, Diamond Bank, BSIC and UBA to support the cotton season in Benin.
IFC, a member of the World Bank Group, and the private sector window of the Global Agriculture and Food Security Program, will invest $9.2m in a program with KCB Bank Rwanda to help Rwandan farmers’ cooperatives gain access to financing and training they need to expand food production.
The European Investment Bank (EIB) and East African-based regional development body, PTA Bank, have jointly launched a €160m ($180.69m) lending initiative to support investment across eastern and southern Africa.
The UK’s development finance institution CDC Group and Standard Chartered Bank have partnered to support new working capital lending of up to $50m to businesses in Sierra Leone.
Norfund, the Norwegian Investment Fund for Developing Countries, and CDC, the UK development finance institution (DFI), have formed a partnership to boost power generation in Africa by adding at least 5,000 megawatts (MW) of generating capacity over the next 10 years.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has invested in a maize and wheat-milling operation in Zambia.
The Dutch development bank FMO has made a $2m equity investment in Orb Energy for the off grid energy sector in Kenya.
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).
