The African Development Bank (AfDB) has approved an equity investment of up to US$25mn in ARCH Africa Renewable Power Fund (ARPF), a US$250mn private equity fund for renewable energy projects across Sub-Saharan Africa
Energy
BBOXX signs US$31mn deal with AIIM
Africa Infrastructure Investment Managers (AIIM), though its AIIF3 fund, is investing US$31mn for a minority stake in BBOXX’s operations in Rwanda, Kenya and the Democratic Republic of Congo (DRC), in which about 10mn is expected to gain energy access
AfDB approves funding for bankable energy projects
The African Development Bank (AfDB) group has announced that it has approved a US$32.5mn equity investment in Climate Investor One’s (CIO) Construction Equity Fund (CEF)
Powering up health care in sub-Saharan Africa
The governments in sub-Saharan Africa have partnered with the United Nations Development Programme (UNDP) to launch the Solar for Health initiative to install solar systems in rural health centres and clinics
US and Senegal sign new MCC Senegal Power Compact
The US government’s Millennium Challenge Corporation (MCC) and the government of Senegal have signed the new five-year US$550mn MCC Senegal Power Compact