When establishing private equity funds targeting investments in Africa, South African fund managers are increasingly starting to look offshore.

Even with the global economic meltdown hitting Africa, Kenyan banking sector has continued to grow confounding many local analysts.

A new report from the World Bank and African partners, Africa's Infrastructure: A Time for Transformation, highlights the findings of a 24-country study and urges increased investment in four critical areas: energy, transport, water, and information and communications technology.

Stanbic Bank Uganda has teamed up with the Alliance for a Green Revolution in Africa and Kilimo Trust to create a US$25mn fund for smallholder farmers and agricultural businesses previously considered too risky for lending.

Abu Dhabi Fund for Development (ADFD) has signed an agreement to provide AED36.73mn (US$10mn) as a concessionary loan to Burkina Faso's government.