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Financing

Africa Capitalworks lands $40mln from CDC

October 8, 2017

Making its second investment in a permanent capital vehicle in as many months, CDC is backing Africa Capitalworks with $40 million. In early September, the UK development finance institution [more...]

FMO backs ALCB fund with $10mln loan

October 8, 2017

FMO, the Dutch development bank, has agreed to back the African Local Currency Bond with a $10 million long-term loan.  The fund, which was established in 2012 by the KfW Development Bank, aims to [more...]

Milost Global targets $1bln for SME fund

September 24, 2017

Milost Global, an Africa-focused private equity firm headquartered in New York, is launching a $1 billion SME fund in partnership with investment holding company Monnaie Africa. Isilo, as the General [more...]

OPIC mulls loan to ALCB Fund

September 24, 2017

OPIC, the U.S. Government’s development finance institution is considering a $40 million, 10-year loan to the African Local Currency Bond Fund.  The fund, which was established in 2012 by [more...]
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