Private equity firm Actis has raised US$1.15bn through its third energy fund, which will be used for investment in electricity generation and distribution businesses in Latin America, Africa and Asia
Banking & Finance
Ecobank opens first office in Ethiopia
![Ecobank has announced it has opened a new office in Ethiopias capital city, Addis Ababa. (Image source: gabrielmillaire)](/images/Ecobank_gabrielmillaire.jpg)
Ecobank has announced it has opened a new office in Ethiopias capital city, Addis Ababa. (Image source: gabrielmillaire)
Pan-African bank Ecobank Transnational Incorporated (ETI) has set-up its first branch in Ethiopias capital city Addis Ababa
ADF’s partial risk guarantee for Lake Turkana project
![The Lake Turkana Transmission Line Delay Partial Risk Guarantee will be used to alleviate the risk for the construction of a 428km publicly owned transmission line between Loyangalani and Suswa. (Image source: wfeiden/Flickr)](/images/laketurkana__wfeiden.jpg)
The Lake Turkana Transmission Line Delay Partial Risk Guarantee will be used to alleviate the risk for the construction of a 428km publicly owned transmission line between Loyangalani and Suswa. (Image source: wfeiden/Flickr)
The first of the African Development Fund’s Partial Risk Guarantees (ADF PRG), the Lake Turkana Transmission Line Delay Partial Risk Guarantee, has been approved for US$27mn
Econet Wireless Zimbabwe launches Steward Bank
![Branches of Steward Bank will soon become a common site in Zimbabwe capital Harare. (Image source: Martin Addison)](/images/Harare_Zimbabwe_Martin_Addison.jpg)
Branches of Steward Bank will soon become a common site in Zimbabwe capital Harare. (Image source: Martin Addison)
Econet Wireless Zimbabwe has a launched a new bank following its acquisition of TN Bank in January 2013, according to TN Bank CEO Kwanele Ngwenya
AfDB extends funds for Mauritius Commercial Bank
![The AfDB financing will allow MCB to increase its foreign currency lending to medium- and large-sized enterprises operating in Mauritius. (Image source: Ashok Prabhakaran/Flickr)](/images/mauritius__Ashok_Prabhakaran.jpg)
The AfDB financing will allow MCB to increase its foreign currency lending to medium- and large-sized enterprises operating in Mauritius. (Image source: Ashok Prabhakaran/Flickr)
The African Development Bank (AfDB) has approved funds worth US$120mn multi-sector line of credit (LOC) and US$30mn subordinated debt to the Mauritius Commercial Bank (MCB)