Finance | - Part 26

Bamboo Finance and Louis Dreyfus Holding Launch Impact Investment Fund NISABA, Focusing on Agribusiness in Sub-Saharan Africa

Lagos, Nigeria, Capital Markets in Africa — Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in developing economies and Louis Dreyfus Holding, which owns a controlling stake in leading global agribusiness Louis Dreyfus Commodities, announced today a partnership to launch and jointly manage NISABA, a US$50 million impact investment fund project with a focus on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa. As project sponsor, Louis Dreyfus Holding…

AfDB Board approves €70 million for construction of Senegal’s Digital Technology Park

Posted on by The Editorial Team

Abidjan, Cote D’Ivoire , Capital Markets in Africa — In its bid to contribute to promoting Senegal as an information and communications technology (ICT) centre of excellence and a destination for the establishment of call centers, e-commerce, software development, wireless Internet facilities and other ICT market segments, the African Development Bank (AfDB) will inject €70.61 million in the sector. The Board of Directors approved the Senegal Digital Technology Park project on Wednesday, October 21, 2015,…

Forte Oil Nigeria Sales 17% Stake to Mercuria For US$200 Million

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Lagos, Nigeria, Capital Markets in Africa —- One of Nigeria’s integrated energy solution providers, Forte Oil Plc, confirmed the acquisition of 17 percent of its equity by Mercuria Energy Holdings SA for $200 million. With the foreign direct investment in Forte Oil, the world’s third largest independent energy trader and asset operator has made inroads into the West African energy sector. Forte Oil said in a press release that through this investment, it had…

African Development Bank speeds US$16 million relief for water and sanitation in Zimbabwe

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Harare, Zimbabwe, Capital Markets in Africa — The African Development Bank Group (AfDB) fast-tracked a grant of US $16-million on Wednesday, September 30, to help clean up the poorest suburbs of the Zimbabwean capital. The first stage of the project will concentrate on removing the raw sewage currently spilled into residential areas and securing the water supply for the most vulnerable areas of Greater Harare, home to 2 million people. Decades of neglect have paid…

Ghana Airports Company boosts by AfDB’s US$120-million corporate loan

Posted on by The Editorial Team

Accra, Ghana, Capital Markets in Africa — On September 30, 2015, the Board of Directors of the African Development Bank (AfDB) approved a US$120 million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale, Ho and Wa Airports. The loan is the first private-sector investment…

AfDB approves US $141.71million for the Dar es Salaam Bus Rapid Transit System Project

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Dar es Salaam, Tanzania, Capital Markets in Africa — The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project. The US $97.42-million loan from the AfDB market window and the US $44.29-million loan from the Africa Growing Together Fund (AGTF)* will support Tanzania Government’s efforts to decongest…

AfDB supports improved electricity access in Guinea, Guinea-Bissau, Gambia and Senegal

Posted on by The Editorial Team

Abidjan Cote D’Ivoire , Capital Markets in Africa — The African Development Bank approved on Wednesday, September 30, 2015 a €121.5-million [1] package to the Gambia River Basin Development Organization (OMVG) to improve electricity access and provide renewable, clean and affordable energy in The Gambia, Guinea, Guinea-Bissau and Senegal. Electricity supply in the OMVG region is limited, unreliable and costly. Access rates vary from 12 percent in Guinea, 19 percent in Guinea-Bissau, 35 percent in…

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