African Development Bank sells Industrialize Africa theme bond for AUD 50 million
he African Development Bank (AfDB) has sold its first “Industrialize Africa” theme Bond to Fukoku Mutual Life Insurance Company, the sole investor in the transaction, for AUD 50 million.
Africa is at the bottom of the global value chain because African economies rely on raw commodities. Its share of global manufacturing exports amounts to less than 1%.
African Agric Ministers, Private and Public Sector Leaders push for more investment, less talk
Several African agriculture ministers joined public and private sector representatives calling for more investment in agriculture at a Leadership4Agriculture event held at the African Green Revolution Forum (AGRF) in Kigali, Rwanda.
Organized by the African Development Bank, the Leadership4Agriculture session facilitated partnerships between policy makers, private investors, institutions and offered participants opportunity to learn more about the Leadership4Agriculture network’s agenda to drive action-oriented, growth enabling investments.
AfDB approves US $100-million non-sovereign guarantee corporate loan for Export Trading Group (ETG)
The Board of Directors of the African Development Bank (AfDB) Group has approved a seven-year, non-sovereign guarantee, US $100-million corporate loan to the Export Trading Group (ETG), to finance part of part of the company’s five-year Agricultural Investment Program (IP) in Africa. The programme will promote employment for youths and women, and adopt an integrated value-chain approach that emphasizes access to regional and global markets.
The Bank Group has approved EUR 15 million equity investment in the Mediterrania Capital Fund III (MC III)
The Board of Directors of the African Development Bank (AfDB) has approved a EUR 15 million equity investment in the Mediterrania Capital Fund III (MC III) under the management of an experienced team of Mediterrania Capital Partners (MCP) with strong transactional and operational experience in private equity (PE). MCP currently manages over €220 million in assets through two previous generalist funds investing in North Africa.
ANRC publishes five case studies on maximizing human development outcomes from extractive industries
The African Development Bank’s (AfDB) African Natural Resources Center (ANRC) has published five case studies that look at the different ways in which countries are designing policies and partnering with investors to reap social and economic benefits from extractive industries.