REFFA invests $3mln in West Africa’s education system
Thursday, 18 February 2021 10:51
(Ecofin Agency) - The Regional Education Finance Fund for Africa (REFFA), managed by the impact investment management company, BlueOrchard Finance has granted a $3 million loan to Fidelis Finance, a West African financial institution to support education structures in West Africa. Deployed in December 2020, the financing was made public on February 17th.
Fidelis plans to use this financial assistance to finance private educational institutions in Burkina Faso and Côte d'Ivoire. "This investment shows us that through specialized funds such as Reffa, we can tackle the issue of education [...] Fidelis Finance is a key player in the financing of education in Burkina Faso and Côte d'Ivoire and we are pleased to be able to provide our financial and technical support to the institution", commented Yann Groeger, Regional Director of BlueOrchard Finance.
The arrival of a new subscriber to REFFA extends the list of investors and development financial institutions (CDC Group, the Opec Fund for International Development...) committed to this investment vehicle set up by KfW, the German development bank.
Chamberline Moko
Live News
-
Carrefour Cameroon Says 40% of Food Items on Shelves Are Locally Made
14:27
-
Cassava Technologies, Zindi Sign MoU to Advance AI Innovation Across Africa
14:21
-
Nawy Raises $75M to Scale Proptech Expansion Across MENA
14:02
-
Global AgriInno Challenge 2025 Opens Call for Youth-Led Agritech Innovations
13:56
-
Tunisia: Orange Inaugurates a New Data Center in Sousse
13:35
-
Senegal Launches PAVIE II to empower women and youth, drive food security
12:09
-
India’s Spiro Launches Electric Motorbike Operations in Cameroon
04:14
-
Cameroon Proposes Special Fund to Fix Waste Management and Payment Delays
04:08
-
Cameroon Cracks Down on Illegal Currency Exchange in Yaoundé and Douala
22:23
-
Togo Sets May 20 Deadline for Municipal Election Candidates
19:49
Tanzania will now require all local transactions to be priced and paid in Tanzanian shillings. ...
KoBold Metals, the U.S.-based mining company backed by heavyweight investors including Bill Gates an...
This initiative reflects ECOWAS’s commitment to a results-driven, people-centred digital transformat...
• MTN to distribute 1.2 million 4G smartphones at $5.42 for prepaid users.• Move supports South...
• PalmPay plans to enter South Africa, Côte d’Ivoire, Uganda, and Tanzania by late 2025• The fintech...
Senegal has officially launched the second phase of the Project for Support and Promotion of Women's and Youth's Entrepreneurial Initiatives (PAVIE II) at...
Lucara Diamond increased the underground mine construction costs at its Karowe diamond project in Botswana by 25%. The company now estimates the cost at...
AngloGold Ashanti operates only one mine in Guinea, the Siguiri gold mine, in which it holds an 85% stake. Last year, the mine delivered 273,000...
Platinum group metals (PGM) producers in South Africa face falling prices and operational headaches. Companies have cut staff and watched revenues shrink....
A marketing expert by trade, he leverages his skills to support businesses. With a passion for both music and technology, he also developed a platform...
In Kumasi, the historic capital of the Ashanti Kingdom in Ghana, traditional buildings stand as living testaments to the cultural legacy of one of West...