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
-
Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
06:48
-
Why Cameroon’s Electricity Sector Faces a Breaking Point | Op-Ed
06:48
-
Durban Port PPP with ICTSI takes effect, marking start of Pier 2 overhaul
16:44
-
Togo’s Zio 1 municipality sets CFA1.23bn budget for 2026, down 1.2% YoY
16:31
-
Benin delays restart of Sèmè field over technical setbacks
16:26
-
Zimbabwe Plans Third National Satellite to Expand Internet Access
20:30
-
Casino Exits BAO Cash & Carry Business In Cameroon
12:11
-
Cameroon Announces Special Road Rehabilitation Programme This Year
11:54
-
Mina Shawky Streamlines Access to Healthcare With Digital Platform CliniDo
10:57
-
Ali Mokrani Streamlines E-Commerce Operations With Ayor AI
10:13
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...
Partnership targets priority projects, startup support and skills training Deal aligns with...
On November 19, 2025, the Cameroonian state completed what has been described as the renationalization of ENEO (Energy of Cameroon), agreeing to buy back...
Transnet–ICTSI partnership for Durban Pier 2 became effective on January 1, 2026 Private investment targets higher capacity and improved terminal...
Technical difficulties disrupt drilling operations offshore Benin Sèmè field restart, planned for late 2025, pushed back with no new date Target...
Several countries across Africa face mounting public health challenges, ranging from workforce shortages and ethical concerns in medical research to...
Each year around 2 January, the streets of Cape Town host the Cape Town Minstrel Carnival, also known as Kaapse Klopse. Rooted in the nineteenth century,...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...