Netherlands Development Finance Company (FMO) News

XSML Capital announces final close of African Rivers Fund at $50 million

XSML Capital announces final close of African Rivers Fund at $50 million

XSML Capital, the fund manager active in Central & East Africa, last week announced its final close of the African Rivers Fund at $50 million.

Frank Adu, CEO, CAL Bank

Arise BV acquires 28% stake in Ghana's CAL Bank as DPI successfully exits

CAL Bank has announced that its second largest shareholder, private equity firm DPI, has successfully sold its 27.7 percent stake in CAL Bank to Arise BV of the Netherlands.

Kenya's Lake Turkana Wind Power Project

Google to Buy Into Africa's Largest Wind Farm in Northern Kenya

Google Inc. will acquire a stake in Africa’s largest wind farm once the facility is completed in Kenya in 2017.

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.

Convergence Partners raises $200M for largest ever fund dedicated to Africa ICT infrastructure

Convergence Partners raises $200M for largest ever fund dedicated to Africa ICT infrastructure

Convergence Partners, an investment management firm focused on the African telecommunications, media and technology sector, has announced the successful final close of its Convergence Partners Communication Infrastructure Fund (CPCIF).