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Proparco, IFC, Bopa Moruo, and RMB Ventures Partner to Boost Access to Affordable Student Housing in South Africa

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To increase the supply of safe, affordable, quality student housing in South Africa, particularly for students from low-income households, Proparco today announced a partnership with IFC, the private sector financing arm of the World Bank, Bopa Moruo Private Equity and RMB Ventures.

The four today announced a combined ZAR 516 million (about $36 million) equity investment in Respublica Group to help the company develop high-quality, affordable accommodation for thousands of students, and strengthen its environmental and social standards. Respublica Group owns and operates Respublica Student Living, South Africa’s leading student accommodation provider.
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AFD Group and the European Commission collaborate to support public and private investments in Africa

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On the occasion of the 7th edition of the EU-Africa Business Forum (EABF) and on the sidelines of the EU-AU Summit, the Chief Executive Officer of Agence Française de Développement, Rémy Rioux, signed guarantees with the European Commission for the FISEA+ and Cityriz initiatives. These two programs will be implemented by AFD Group and benefit from European support. A partnership between AFD and the Democratic Republic of Congo (DRC) was also signed for the implementation of an integrated national master plan for digital infrastructure in the country.
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Proparco supports AktivCo to improve the energy efficiency of telecommunication towers in Africa

Access to digital services and mobile network coverage are key issues for developing and emerging economies. An essential condition for meeting these challenges is the reliability of the power supply for the telecommunication network. However, a large number of towers are not connected to the national electricity grid and generally run on fuel generator. Proparco has granted a loan of 16 million euros to support AktivCo, a subsidiary of the Camusat group in 4 projects aimed at the hybridization of telecommunications towers in Burkina Faso, Niger, Côte d'Ivoire and Cameroon, which will allow greater energy efficiency of these services and greater reliability of the telecommunications network.
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Metier-led consortium invests US$36 million into AMN to expand coverage in remote rural Africa

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A consortium led by Metier, an independent African private equity fund manager, has invested US$36 million into Africa Mobile Networks Ltd (“AMN”). The consortium includes CDC Group (the UK’s development finance institution and impact investor), DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (Germany's development finance institution), Proparco (the private sector arm of the French Development Agency), Mauritius Commercial Bank’s Equity division and other leading financial institutions and investment managers. As part of the transaction, the consortium is also acquiring US$3.5 million of existing shares and in total will own a significant minority shareholding in AMN.
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