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
-
Togo rolls out infrastructure mapping platform for public and industry use
12:29
-
Innovate Now selects 19 Kenyan startups for assistive tech cohort
12:09
-
Cyber Carnival 2026 to bring cybersecurity focus to Nairobi in June
12:03
-
Kenya probes Meta smart glasses over privacy concerns
11:52
-
Tarik Fadli Digitizes Business Processes with Algo Consulting Group
10:42
-
Burkina Faso Posts $1.6 Billion Trade Surplus in Q4 2025 on Gold Exports
10:29
-
Ghana and Zimbabwe Deepen Ties with Ten New Agreements
10:24
-
West Africa’s Cashew Ambitions Undercut by Surge in Semi-Processed Exports, Expert Says
08:38
-
Investment Pledges Raise Hope for 200,000 Jobs in South Africa’s Tight Labor Market
08:19
-
Togo clears accession to two international nuclear safety conventions
21:03
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Burkina Faso recorded a $1.6 billion trade surplus in Q4 2025, up sharply from the previous quarter. Gold accounted for 96.8% of total...
Ghana and Zimbabwe signed 10 bilateral agreements covering strategic sectors. Trade between the two countries remains limited despite historic...
Exports of semi-processed cashew kernels to Vietnam are rising across the region Experts warn the trend undermines local value addition and...
SAIC 2026 investments are expected to create over 200,000 permanent jobs Projects already underway in energy and infrastructure are driving...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...