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
-
World Bank: Commodity Prices to Surge in 2026 as Middle East War Disrupts Supply
20:30
-
Fire at Metafrique Steel injures at least 10, halts production
19:36
-
British Firm PROPAV Explores Road Construction Opportunities in Cameroon
19:31
-
Ecobank Cameroun posts record 2025 profit, up 30% to 27.29 bln CFA francs
19:21
-
Cameroon’s shrimp sector hit by informality, weak cold chain, study finds
19:15
-
DRC Seeks to Expand Connectivity Beyond Existing Cable Capacity
19:05
-
Tunisia Moves to Strengthen Rail Services in Capital and Suburbs
18:54
-
Liberia offsets Canada slowdown in ArcelorMittal’s Q1 2026 iron ore output
18:45
-
ECOWAS ministers endorse draft legal framework to tackle maritime crime
20:03
-
Togo employers, unions sign new interprofessional collective agreement
20:00
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
The institution said the outlook for commodity prices remains subject to significant risks, including a longer-than-expected duration of hostilities in...
DRC plans new submarine, regional links to boost connectivity Country relies on two cables amid outages, limited redundancy Expansion aims to cut...
Transtu to acquire 48 railcars for metro and TGM lines €160 million EBRD-backed plan supports rail upgrades and expansion Government targets 36...
ArcelorMittal Q1 iron ore output falls 3.2% to 9.7 million tons Liberia operations hit record output amid $1.8 billion expansion Company targets...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....