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
-
Libya Looks to Tunisia as It Explores Education Digitalisation Cooperation
03:34
-
Ghana Escalates Cybercrime Fight, Arrests 141 Suspects
03:23
-
Nigeria Clears Hurdle on $2.8 Billion Gas Pipeline to Supply Its North
03:07
-
Ghana Restarts Tema Oil Refinery to Cut Fuel Imports After 4-Year Halt
18:15
-
UNICEF StartUp Lab Opens Applications for Sixth Cohort in Ghana
13:17
-
Togo Overhauls Tax Framework for Nigeria-Ghana Gas Pipeline
13:11
-
Chad Steps Up Rollout of ‘Tchad Connexion 2030’ in Talks With Huawei
12:42
-
Benin Developer Osee Soke Builds AI Tools to Ease Communication for the Deaf
12:29
-
Neptune Group Begins Marketing Own LPG Brand in Cameroon
11:55
-
Rwandan Fintech Kayko Raises $1.2m To Scale Its Platform
11:41
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...
Libya seeks Tunisia’s expertise to digitise education system Plans include connecting schools, expanding distance learning Cooperation aims to narrow...
Ghana arrests 141 suspects in nationwide cybercrime crackdown Authorities seize laptops, phones linked to fraud and online scams Losses rise sharply,...
Nigeria completes AKK gas pipeline construction, crossing Niger River Project to connect northern cities to gas network by 2026 Pipeline aims to boost...
Ghana’s Tema Oil Refinery restarts after four-year shutdown TOR processes 28,000 bpd, about 62% of capacity Restart aims to cut fuel imports...
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...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...