Part of the capital raise will be used in funding OADC. (Image source: Adobe Stock)
Verdant Capital has advised WIOCC Holding Company Limited (WIOCC) on an US$80mn equity capital raise
Verdant Capital advises WIOCC on US$80mn equity capital raise
Finance
Ecobank Group secures US$112mn credit facility from EIB to fund SMEs
The cooperation between Ecobank Group and the European Investment Bank to support private sector investment across Africa was formally agreed at the EU Delegation. (Image source: Adobe Stock)
Ecobank Group, one of the leading pan-African banking groups, has signed an agreement for a US$112mn long-term credit facility over nine years with the European Investment Bank (EIB)
SSA economy on a steady recovery path
Soaring metal prices and food commodities have surpassed pre-pandemic levels. (Image source: Adobe Stock)
After 2020 regional downturn, the International Monetary Fund (IMF) estimated the sub-Saharan Africa (SSA) economy grew at 3.7% in 2021 led by expansion in industry and services but still experienced weaker growth in gross fixed investment
AfDB ups financial contribution in Mozambique to US$2.5mn
The grant is earmarked for SME targeting local content and women-owned business. (Image source: Adobe Stock)
The African Development Bank Group (AfDB) has approved a grant of US$1.5mn to Mozambique to boost the development of local content
Verdant Capital closes four private equity-related transactions in South Africa
Verdant Capital has acted as sole international arranger and advisor for Retail Capital. (Image source: Verdant Capital)
Verdant Capital has closed four private equity-related transactions in South Africa with important fund raisings for Bridge Taxi Finance and Retail Capital, the sale of Nedan Oil and the sale of Baxi to MFS Africa
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