AIC News

The facility includes Revolving Subscription Credit Facility of up to $1.2bn to be used to finance investments in accordance with the Fund’s investment strategy.

As Russia’s invasion of Ukraine escalates, Moscow’s growing influence in Africa has led to divergent responses among the continent’s leaders.

Norfund, the Norwegian investment fund for developing countries, and CDC Group, the UK’s development finance institution (DFI), are today announcing a commitment to invest ZAR 600 million in H1 Capital (Norfund 360 million and CDC 240 million) – a South-African black-owned and managed renewables investment and development company.

CDC Group, Norfund and DFC have invested $90m in AgDevCo, a specialist investor in early-stage African agribusinesses.

Last month, a much-publicised summit took place between the EU and AU, ostensibly to chart the two regions’ relationship for the next few years. Postponed for a year, the summit was the sixth in a series that has been ongoing since 2000, the same year that China-Africa summits began as well.

MoU could see Nigerian gas sent to Bioko Island facility, but reported plan by Chevron to exit Equatorial Guinea may complicate deal

E-commerce platform Wasla has raised $9 million from Contact Financial Holding, formerly Sarwa Capital.

Private sector investment across Africa, essential to tackle the impact of COVID and unlock sustainable growth, will be accelerated by new financing totalling EUR 62 million confirmed by EIB Global, the new specialised arm of the European Investment Bank earlier today.

The emerging markets-focused payments firm has more than tripled its valuation in less than a year to over $3bn after its latest fund-raising.

Green investments, migration, security and unequal access to vaccines will top the agenda as dozens of African heads of state head to Brussels on Thursday for a two-day summit of European Union and African Union leaders.