InfraCo Africa invests in InfraCredit

InfraCo Africa has announced the completion of a $27m equity investment in InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos.

Inspired Evolution and partners establish energy services firm Inspired Evolution, an Africa-focused investment advisory firm that specialises in clean and renewable energy, has led a $35m equity investment by its Evolution II Fund and co-investors Norfund and Sagemcom to establish and finance Escotel, an energy services company focused on sub-Saharan Africa.

IFC funds Tanzanian glass container manufacturer

The International Finance Corporation (IFC) has disclosed a $10m working capital loan for Kioo

Limited, a glass container manufacturing business based in Dar es Salaam. The loan will go towards longterm working capital funding and necessary equipment maintenance and upgrades.

€200m loan to Société Nador West Med The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200m ($243m) to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco.

Globeleq Acquires private power generation company in Nigeria

Globeleq has confirmed it will take a 74% majority equity stake in Nigerian power business CPGNL, which will be rebranded as Globeleq Power Solutions Nigeria. The current owner of the business, the Clean Energy Group, will retain the remaining 26% of shares.

Egypt signs €1.1bn

EIB loan Egypt and the European Investment Bank (EIB) have signed a €1.1bn ($1.4bn) agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria and Cairo.

Sasol sells Mozambique gas-to-power plant Chemicals group Sasol has sold its Mozambique gas-to-power plant Central Termica de Ressano Garcia to Azura Power for $145m.

Vodafone sells 55% shareholding in

Egyptian subsidiary Vodafone has sold its 55% stake in Vodafone Egypt to Saudi Telecom Company in a $2.4bn agreement.

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