Development Bank of Austria (OeEB) News

African Development Bank closes $200M for first renewable energy fund dedicated to Sub-Saharan Africa.

African Development Bank closes $200M for first renewable energy fund dedicated to Sub-Saharan Africa

The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, announced during the African Development Bank’s “Energy Week” that it successfully reached its final close at its hard cap of $200 million of committed capital.

Ascent Africa Private Equity Fund

Ascent Africa private equity fund eyes $60 million by mid-2015

Private equity firm Ascent Capital wants to increase its east Africa fund to $60 million by mid-2015 from $50 million it has raised so far and plans to announce completion of its first investment in about two weeks, a partner said on Monday.