The Member News Archive

Mission 300 inspires hope for Africa’s Renewable Energy Future
In this article, Humphrey Kariuki, Founder of Janus Continental Group, explores Africa’s renewable energy potential and the urgent need for investment. Despite leading in renewables, the continent attracts just 2% of global funding. Initiatives like Mission 300 aim to bridge this gap and position Africa as a clean energy leader.

Samaila Zubairu of AFC Succeeds Prof. Benedict Oramah of Afreximbank to Lead the Alliance of African Multilateral Financial Institutions (AAMFI)
Mr. Zubairu, President and CEO of the Africa Finance Corporation (AFC), succeeds AAMFI’s founding Chair, Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank).

Scaling access to clean cooking solutions in Zambia
The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have invested a total of EUR 4 million to substantially scale the offering of Emerging Cooking Solutions (Supamoto) in Zambia.

British International Investment in $100m Deal with KCB Bank for Climate and Women Funding
British International Investment (BII), the UK’s development finance institution and impact investor, has announced the provision of a $100 million Tier 2 capital facility to KCB Bank Kenya to increase its lending capacity to climate-related projects and women-led small and medium-sized enterprises (SMEs).

InfraCo to sell its stake in Golomoti Solar to Old Mutual Infrastructure Investment Trust Fund (Malawi)
At a signing ceremony held in Blantyre, Private Infrastructure Development Group (PIDG) company InfraCo Africa Ltd (InfraCo) signed an agreement to sell its 25% stake in Golomoti JCM Solar Corporation Ltd to Old Mutual Infrastructure Investment Trust Fund (Malawi) which sits within Old Mutual Investment Group’s Alternative Investments capability.

Connecting Communities: Bravura Advises Ilitha on Significant Capital Raise
Bravura was proud to act as co-advisor to Ilitha on this transformative capital raise, a deal set to have a significant impact on South Africa’s connectivity landscape.

IFC Invests in Lagos Free Zone to Support Industrial Growth and Economic Diversification in Nigeria
IFC has announced an equity investment of up to $50 million in Lagos Free Zone Company to support the development and expansion of Nigeria’s first deepsea port-based, private special economic zone, the Lagos Free Zone.

Unlocking Economic Potential for East Africa: Lake Victoria’s First Scheduled Roll-On/Roll-Off Freight Vessel Sets Sail
Port Bell, Uganda, 31st January 2025 – East Africa Marine Transport has taken a significant step towards creating a more sustainable and efficient logistics solution for Lake Victoria with the commissioning of the M.V. Mpungu, the lake’s first scheduled roll-on/roll-off freight vessel. Offering faster and safer crossings and reduced carbon emissions, the fuel-efficient vessel is set to transform regional trade by cutting journey times from days to hours and supporting the decarbonisation of the region’s transport sector.

GuarantCo offers partial guarantee to HSBC India for a loan to Arya.ag to provide liquidity to the agricultural sector
GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided two partial guarantees to HSBC India for an INR 2.5 billion (c. USD 30 million) loan facility extended by HSBC India to Arya.ag India's leading grain commerce platform.

The African Research and Innovation Hub @IATF launched to utilise academia in advancing understanding of intra-African trade
Cairo, Egypt, 28 January 2025 – Afreximbank, in collaboration with African Union Commission and AfCFTA Secretariat, is excited to launch its new initiative the “African Research and Innovation Hub @IATF”, during the 4th Intra-African Trade Fair (IATF2025). The key objective is to boost academic research output and increase collaboration between academia, industry, and policy makers across Africa in the bid to drive forward intra-African trade and industrialisation.

AFC Earns Top AAAspc Rating from S&P Global (China) Ratings, Further Enhancing Capital Diversification Opportunities
Lagos, January 16, 2025: Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has received the highest issuer credit rating, an AAAspc with a stable outlook, from S&P Ratings (China) Co., Ltd. (S&P Global (China) Ratings), demonstrating AFC’s exceptional financial strength, disciplined capital management, and expanding access to diversified funding. It is the second AAA rating awarded to AFC following equivalent recognition by China Chengxin International Credit Rating Co. Ltd (CCXI).

MUFG Announces Multi-Year Partnership with LPGA Star Yuka Saso
Saso, 23, has established herself as a remarkable talent, winning her first major championship at the 2021 U.S. Women's Open at The Olympic Club during her rookie LPGA season and clinching the Championship again in 2024 at Lancaster Country Club. A two-time Olympian, Saso represented both the Philippines to honor her mother at the Tokyo 2020 Games and then represented Japan at the 2024 Paris Games to honor her father.

Mitigating Currency Volatility Risks in Africa’s Mining and Energy Operations
Currency volatility is not new to Africa, but its effects have been magnified in recent years by global economic trends. Rising interest rates in developed markets often lead to capital outflows from emerging economies, putting downward pressure on local currencies. Political instability and inconsistent monetary policies in some African countries exacerbate the problem, leaving businesses vulnerable to sudden and unpredictable swings in exchange rates.

Africa: Transformative renewable energy platform established by PowerGen and leading investors to scale clean energy access across the continent
PowerGen Renewable Energy (“PowerGen”) has partnered with leading international investors to establish a scalable, distributed renewable energy platform, targeting the deployment of 120 MW of renewable power solutions, including battery energy storage, across Africa.

Africa Specialty Risks launches first Africa focused Lloyd’s Consortium
Africa Specialty Risks (“ASR”), the pan-African and Middle East focused reinsurance group, announces the launch of the first Africa Focused Lloyd’s Consortium. The Consortium, known as Baobab, will offer up to USD $21 million in capacity across Political Risk, Trade Credit, Political Violence & Terrorism, Property, Energy, Construction and Liability.

The Power of Intentional Collaboration: A Model for Transformative Success
Loinette Capital’s decade-long partnership with Joe’s Earthworks & Mining (JEM) demonstrates what can be achieved when financial expertise and thoughtful collaboration meet. This partnership, built on trust and shared goals, has supported JEM in strengthening its mining services and achieving sustainable growth in an evolving and competitive market.

The Importance of Project Preparation in Africa
Premier Invest was excited and pleased to be a sponsor of The Africa Debate UAE, hosted by Invest Africa, in Dubai, on the 31st of October 2024. The event brought together decision makers from government and private sectors in the UAE and Africa, as well as other key stakeholders, including development finance institutions, banks and, critically, significant UAE corporates, who have already invested heavily on the continent.

Bravura wins Africa Global Fund Award as Best Independent Advisor - South Africa 2024
As Bravura marks its 25th anniversary, it’s time to celebrate not just a milestone, but a legacy of excellence, innovation, and resilience. Since opening its doors in 1999, Bravura has grown into an independent powerhouse of specialised expertise in corporate finance, structured solutions, and services to high-net-worth clients.

Investing in Africa’s digital economy – the brink of a digital revolution
With an estimated population of 1.5 billion people and 60% of the population under 30, the digital economy in Africa is burgeoning, with innovation and entrepreneurship driving unprecedented growth across the continent.

The value of an AI Centre of Excellence
AI - particularly Generative AI - is a hot topic across organisations. However, taking a haphazard approach and rushing into Generative AI projects will not drive AI success; the better approach is to implement AI strategically, with a multidisciplinary team within an AI Centre of Excellence.