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
-
Eritrean-American business expo spotlights diaspora-led entrepreneurship
14:38
-
Libya Activates New Pipeline to Secure Gas Flows Amid Supply Risks
14:31
-
Eni Finds Major Gas Reserves in Libya, Bolstering Export Outlook to Europe
14:29
-
Women power Africa’s growing $59 billion creative economy as financing gaps persist
13:59
-
Regional disparities drive food price gaps across Togo
13:24
-
Orange Botswana, SEZA Sign Deal to Upgrade Digital Infrastructure
13:12
-
Angola Launches $259 Million Earth Observation Satellite Project
13:10
-
Algerian Firm Yalidine Targets E-Commerce Growth With Delivery Solutions
13:09
-
Cameroon launches 2026 agricultural season, eyes higher output, lower imports
13:00
-
Tekwane Mwendwa Builds Mobile Tools for Small Business Finance
12:54
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
NOC begins first phase of pipeline linking Farigh field to Brega Project aims to secure gas for power generation and industry Move comes as...
Eni reports over 1 trillion cubic feet of new gas offshore Libya Discoveries could be tied to existing infrastructure for quick output Move...
Creative industries expand with women at the core, but face persistent financing gaps Sector contributes up to $310 billion to GDP and...
Victory Farms plans a $5.7 million fish farm on Lake Victoria Project could add up to 30,000 tons of tilapia annually Aquaculture is...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...