REFFA invests $3mln in West Africa’s education system
Thursday, 18 February 2021 10:51
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
-
Rusal Plans Major Aluminum Smelter Investment in Ethiopia
11:11
-
Fossil fuel actors strongly represented at COP30, KBPO data shows
10:55
-
Senegal adds drones to strengthen its plant protection system
10:38
-
Togo proposes $4.8bn budget for 2026 with strong social focus
10:28
-
Togo Extends Vehicle Clearance Fee Discount to December 20
08:03
-
Cameroon Pork Group Says No Shortages After Post-Election Shock
06:41
-
Camwater and Campost Join Forces to Digitize Water-Bill Payments
06:32
-
Togo Launches National Challenge to Bridge Technology and Healthcare
16:42
-
Sosucam’s Protection Push Faces Structural Weaknesses in Cameroon’s Sugar Sector
15:50
-
Nabil Khalifa Brings Practical AI Training to the Middle East and Beyond
19:52
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...
Nigeria implemented the National Payment Stack (NPS), a new unified infrastructure, to enhance dig...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Ethiopia and Rusal sign deal for a 500,000-ton aluminum smelter First phase requires about $1 billion in investment Project targets rising...
KBPO identifies more than 1,600 fossil fuel-linked participants at COP30. Their number exceeds almost all national delegations except Brazil’s. Their...
Senegal’s Plant Protection Directorate receives six new-generation drones. The equipment improves surveillance and phytosanitary operations with...
Vodafone Foundation opens six new digital classrooms in Mozambique. The country now hosts 26 Instant Network Schools (INS), benefiting over 91,000...
The Okapi Wildlife Reserve, located deep within the Ituri Forest in the northeastern Democratic Republic of Congo, stands as one of the Congo Basin’s most...
The second edition of Salon International de la Musique d’Afrique (SIMA) launched in Cotonou on Thursday, November 13. This year's event in Benin marks a...