Bboxx gets US$5.5m from Africa Go Green Fund for solar kits and clean cooking

AFRICA – The Africa Go Green Fund for Renewable Energy and Energy Efficiency (AGG),  has signed a second transaction for a US$5.5milion loan with Bboxx, a next-generation utility expanding access to clean energy and clean cooking across Africa. Africa Go Green Fund for Renewable Energy and Energy Efficiency was launched by the German Development Agency (KfW) to promote private investments…

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Verdant Capital and KfW establish new fund to support MSME growth in Africa

AFRICA – Verdant Capital Hybrid Fund (VCHF) has reached its first closing with committed capital of US$36 million. The fund is targeting high developmental impact, including job creation and income generation through Small and Medium Enterprises (SMEs) and micro-entrepreneurship. The fund will be investing hybrid capital and subordinated debt instruments into inclusive financial institutions on a pan-African basis. The fund will…

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KfW inks US$55.3m financing deal to decentralize electricity supply in Sub-Saharan Africa

SUB-SHARAN AFRICA – German state-owned investment and development bank (KfW), on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ),  signed a €49 million (US$55.3 million) financing agreement for the Clean Energy and Energy Inclusion for Africa (CEI Africa) foundation. The aim of the foundation set up by KfW is to supply climate-friendly electricity to people in sparsely populated…

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Sahel Capital, KfW launch US$24m Social Enterprise Fund for Agriculture in Africa

NIGERIA – Lagos-based  private equity firm Sahel Capital has launched a US$24 million Social Enterprise Fund for Agriculture in Africa (SEFAA), sponsored by the German development bank, KfW. Sahel will act as investment adviser to SEFAA, an impact fund with the goal of reducing poverty by investing in social agricultural enterprises (SAEs) in sub-Saharan Africa. In addition to SEFAA’s targeted impact of reducing…

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State owned FONSIS partners KfW to launch US$35m Oyass Capital for SMEs

SENEGAL – Fonds Souverain d’Investissements Stratégiques S.A. (FONSIS) the Senegalese Sovereign Wealth Fund has launched Oyass Capital in partnership with KfW, the German Development Bank. Oyass capital is an investment fund which, through its own and risky financing, intends to provide technical assistance to local SMEs. The Fund is initially capitalised with EUR30 million (US$35.18m) investment from FONSIS and is…

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Governments of Rwanda, Germany sign US$93m agreement for ICT, green investment and SMEs support

RWANDA – The government of Rwanda and Federal Republic of Germany, have signed two agreements worth €78 million (US$93.4 million) to support key areas that are critical to the attainment of Rwanda’s development objectives. The financing and technical cooperation agreement is the outcome of the Inter-Governmental Negotiations that were concluded in 2020 between the two governments. US$70.6 million of the…

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FEI secures US$24m from KfW to meet the rising demand for energy across Africa

AFRICA – The Facility for Energy Inclusion (FEI), a debt financing facility for small-scale energy access projects has received a further US$24 million subscription by KfW, a German state-owned development bank. With this additional allocation, KFW on behalf of the German Ministry for Economic Cooperation and Development (BMZ) has now committed a total of US$52 million to FEI, bringing FEI’s…

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Impact investor REGMIFA secures US$24m from KfW to promote private investment

AFRICA – REGMIFA, an impact investment fund advised by Symbiotics, has attracted a further EUR20 million (US$24.31m) from German-based KfW to promote private investment under the G20 Compact with Africa program initiated under the German G20 presidency. KfW manages this investment on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). KfW increased its investment in REGMIFA…

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Development Bank of Namibia and Germany’s KfW sign agreement to finance SMEs

NAMIBIA – The Development Bank of Namibia (DBN) and the Development Bank of Germany (KfW) have signed a loan agreement in which KfW will provide refinancing for DBN’s non-agricultural small business loan scheme. The loan scheme aims to form an integral part of Namibia’s Ministry of Finance’s “Economic Stimulus and Relief Package to Mitigate the Impact of COVID-19″. The interest-reduced loan…

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German development agency KfW supports rural water access in Morocco

MOROCCO – German development agency, KfW has given the Kingdom of Morocco a €30 million loan (about US$35.3 million) for projects that will improve water access in the Maghreb country’s rural areas. The loan beneficiary Morocco’s Office national de l’électricité et de l’eau potable (Onee) plans to build small water pumping stations, reservoirs for storage, as well as pipelines for…

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