UBS has announced a three-year, $3m commitment to Black Innovation Alliance (BIA) to help build a more inclusive entrepreneurial ecosystem that equips Black founders with access to resources and support to build high-growth businesses.
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a $50m investment to Invictus Trading, a subsidiary of Invictus Investment and a key partner handling the import activity for the DAL Group.
Norfund, the Norwegian development finance institution, has invested R80m in convertible debt in Synercore Holdings, a South African food ingredient manufacturer, formulator and distributor to fast-moving consumer goods companies in Africa.
Swedfund has invested $26m in African Infrastructure Investment Fund 4 (AIIF4), managed by Africa Infrastructure Investment Managers (AIIM).
The OPEC Fund for International Development and Africa Finance Corporation (AFC) have signed a $50m loan agreement to finance the development of infrastructure critical to economic growth and job creation across the continent.
Proparco and Investec Bank have partnered to implement the Transforming Financial Systems for Climate (TFSC) programme in South Africa.
Bill & Melinda Gates Foundation will spend $8.3bn this year to continue its work fighting poverty, disease, and inequity, according to CEO Mark Suzman.
The African Development Bank (AfDB) (as mandated lead arranger), the Eastern and Southern African Trade & Development Bank (TDB) and Finnfund, have provided a $72m debt funding to Globeleq for the 35MW Menengai geothermal project in Nakuru County, Kenya.
British International Investment (BII) and African Guarantee Fund (AGF), a Pan African guarantee provider, have partnered on a $75m re-guarantee agreement for Small and Medium Enterprises (SMEs) across Africa.
IFC has launched a new $225m platform to strengthen venture capital ecosystems and invest in early-stage companies addressing development challenges through technological innovations in climate, health care, education, agriculture, e-commerce, and other sectors in Africa, Middle East, Central Asia, and Pakistan.
The Fund for Export Development in Africa (FEDA), the development impact investment platform of African Export Import Bank (Afreximbank), has invested $85m in ARISE Integrated Industrial Platforms (ARISE IIP), the pan-African infrastructure developer and operator.
FNB has invested R200m in the Vumela Enterprise Development Fund, a fund established in 2009 by FNB Commercial and Edge Growth.
2022 was a record fiscal year for DFC with numerous deals that demonstrate the development and strategic impact that our work can have, according to CEO Scott Nathan.
New Forests, along with its investment partners British International Investment (BII), Norfund and Finnfund, have agreed to invest $200m in the African Forestry Impact Platform (AFIP).
