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Focus on Ghana: Key Development Areas
The Government of Ghana has listed five key development areas in “The Coordinated Programme of Economic and Social Development Policies”. These development areas centres around socio-economic development, good governance, sustainable development and strengthening the country’s role in international affairs.
British International Investment, Standard Bank and H1 Holdings back a South African renewable energy technology project
According to a July 2022 press release, British International Investment (BII), Standard Bank, and H1 Holdings are backing a $1 billion renewable energy technology project in South Africa.
Norfund and KLP to invest USD in CrossBoundary Energy
According to a July 2022 press release, the Norwegian Investment Fund for Developing Countries (Norfund) and Norway’s largest pension company, KLP, will jointly invest USD 40 million in equity in CrossBoundary Energy (CBE) to help the company expand its renewable energy solutions for businesses in Africa.
World Bank Provides New Financial Assistance to Africa Centres for Disease Control
The World Bank has approved a new tranche of financial assistance, for the Africa Centres for Disease Control.
The Public Investment Corporation to take a stake in the African Finance Corporation
The Public Investment Corporation (PIC) is set to take a $100 million stake in the African Finance Corporation (AFC). This investment will boost infrastructure development across the continent, which currently has an infrastructure financing gap of at least $93 billion a year.
Infinity Group and Africa Finance Corporation to acquire Lekela Power
According to a July 2022 press release, the Infinity Group and Africa Finance Corporation (AFC) will acquire Lekela Power. Lekela Power is Africa’s largest independent renewable energy producer, with a portfolio of 2.8 GW of projects across Africa.
African Export–Import Bank renews grant to assist African countries
The African Export–Import Bank (Afreximbank) board of directors renewed a $1 billion facility and $10 million grant to help African countries trade effectively under the African Continental Free Trade Area (AfCFTA).
$126 million investment set to boost infrastructure across Africa
A new $126 million investment is set to boost the renewable energy, digital infrastructure, mobility and logistics sectors in Africa.
COMESA Secretariat & AfDB launch phase 1 of the Africa Cloud Ecosystem Project
The COMESA Secretariat & African Development Bank have launched phase 1 of the Africa Cloud Ecosystem Project. The project received a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, to conduct the market analysis and pre-investment study.
Development Bank of Austria (OeEB) and Gutmann Bank raise EUR 72 million to invest in emerging economies
The Development Bank of Austria (OeEB) and Gutmann Bank have successfully raised EUR 72 million to invest in emerging economies.
