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As lead fund arranger and global coordinator, the International Finance Corp., has created a $267 million fund for the expansion of Compagnie Ivoirienne de PRoduction d’ Electricité (CIPREL) thermal power plant in Côte d’Ivoire, to contribute to the improvement of access to energy in the country.
Continue reading By THE AFRICA BAZAAR Staff Writer
In making a significant play for a bigger role in the power sector in Africa, Power Capital Holdings and Hunt Power Capital Partners, LLC, a wholly owned subsidiary of Hunt Consolidated, Inc. announced they have teamed up to launch a new private equity venture, Power Capital Partners LLC, that will focus on investing in the global power sector.
Power Capital Partners’ business model and investment strategy is to focus exclusively on investing globally in the development, construction and operation of fully contracted or hedged conventional and renewable power plants and related infrastructure projects that exhibit highly predictable cash flow.
Continue reading By THE AFRICA BAZAAR Staff Writer
In its continuous efforts and commitments to supporting domestic capital market development in Africa, IFC, a member of the World Bank Group, is taking a stake in Trustco Group Holdings by investing $29 million (ZAR 300 million) to support student lending activities in Namibia and expand micro insurance into new countries in Sub-Saharan Africa.
Continue reading South African President Jacob Zuma met this month with two of his counterparts from the Southern African region to push for better trade integrations between South Africa and Botswana; Namibia. Speaking last week at the inaugural South Africa-Botswana Bi-National Commission meeting, which was co-hosted by the President and Botswana’s President Ian Khama, the leaders said discussions are under way to look at how resources could be streamlined to boost trade between the two Southern African countries.
Continue reading Malawi’s high court on Saturday swore in Peter Matharika, a former foreign minister and law professor, as the country’s newly elected president. The inauguration came on the heels of the country’s electoral commission releasing the May 20 presidential election results…
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