New I&P fund to invest in Sub-Saharan African startups

Investment firm Investisseurs & Partenaires (I&P) has announced a first closing of over EUR50 million (US$59 million) for its IPAE 2 fund, which will invest in small and medium sized businesses in Africa that combine economic profitability with societal impact. Launched in 2002, I&P is committed to contributing to the rise of a sustainable and …

AfDB Invest US$20 million in Clean Energy Private Equity Fund

As part of its wider mandate under the New Deal on Energy for Africa, the Board of Directors of the African Development Bank on December 15, 2017, approved an investment of US $20 million in the Evolution II Fund −a Pan-African clean and sustainable energy private equity fund. The Bank’s investment in Evolution II Fund …

World Bank to fund $600 million Tanzania-DRC railway

The World Bank is set to release US $600m for a railway project to facilitate trade in East and Central Africa and provide an alternative route to the sea for Burundi, Tanzania, Zambia and the Democratic Republic of Congo. “We are talking about improving infrastructure along the Central Corridor, specifically Lake Tanganyika,” said East Africa …

Six African Countries Join the Global Financing Facility

The Global Financing Facility in support of Every Woman Every Child (GFF) announced  at its board meeting in Maputo, Mozambique in November, that ten new countries (including six from Africa) joined the GFF, a country-led model of development finance that brings together multiple sources of financing in a synergistic way to support countries’ priorities. The …