The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan…
African Development Bank, European Investment Bank sign Joint Partnership Action Plan to fast-track development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their…
CDC again targets over US$1bn annual investment in African businesses
CDC will invest over $1 billion in Africa in 2021, maintaining its strong investment pace Provides much needed counter cyclical…
Daystar Power secures $38 million Series B investment led by IFU
Daystar Power, a leading provider of hybrid solar power solutions to businesses in West Africa, today announced a Series B…
World Bank Plans to Invest over $5 Billion in Drylands in Africa
The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve…
Enel and Qatar Investment Authority join forces to develop renewables in Sub-Saharan Africa
Enel’s renewable arm Enel Green Power (EGP) and a Qatar Investment Authority (QIA) subsidiary signed a joint venture partnership to…
Clean Technology Fund and Sustainable Energy Fund for Africa announce US$25mn for medium scale independent power producers
The African Development Bank (AfDB) has approved US$15mn from the Sustainable Energy Fund for Africa (SEFA) and US$10mn from the…
Africa Finance Corporation Secures US$250 Million Capital Loan From US Government’s International Development Finance Corporation
Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces it has successfully secured…
Afreximbank and Credit Suisse complete a US$1 billion 3-year syndicated term loan for Nigeria’s Bank of Industry
African Export-Import Bank (Afreximbank) announces the closing of a US$1 billion facility for the Bank of Industry, Nigeria’s state-owned development…
African Development Bank approves $7 million in SEFA technical assistance to transform mini-grid investment in Africa
The Board of Directors of the African Development Bank has approved a $7 million grant from the Sustainable Energy Fund…
