Bpifrance and Proparco have announced the interim closing of the Averroès Finance III fund with the arrival of two new investors, Fransabank and Bank Audi, who have invested 10 and 5 million euros respectively. The arrival of these two new contributors brings the total capital in the Averroès Finance III fund to 75 million euros.
AFD Group has just approved a USD 50 million loan to the Jordanian company Green Watts Renewable Energy LLC to build a wind farm in the South of the country. This project will help develop renewable sources of energy in a country that is highly reliant on fossil fuel imports.
This latest edition of Private Sector & Development looks at the opportunities and obstacles facing insurance in Africa and presents analyses prepared by a number of sector stakeholders (insurers, researchers, donors, etc.).