African Development Fund Board approves US$149 million credit risk participations by the Private Sector Credit Enhancement Facility in seven private sector operations targeting low-income countries.
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group, approved on 14 December 2018, credit risk participations by the Private Sector Credit Enhancement Facility (PSF) in seven loans cumulatively valued at US$149 million.
Launched in 2015 by the ADF, the PSF provides credit risk participations in private sector operations of the African Development Bank in low-income countries, and is on its way to building a US$1.5 billion portfolio of exposures.
The seven operations include senior loans targeting renewable energy and agroindustry sectors in Uganda, Sudan, and Cameroun among others, as well as lines of credit to lenders in Liberia and Mali.
“These approved operations bring the facility’s total portfolio to over 40% of its US$1.5 billion target size and increase the PSF’s footprint to 29 countries. They deliver on our mandate to contribute to development impact through enabling additional financing of private sector projects in low-income countries.”, says PSF Administrator, Cecile Ambert.
The operations were prioritized in light of their superior expected development results and additionality; particularly in terms of increased access to electricity, food security, and job creation.
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank ...
• Angola and Portugal signed eleven agreements covering security, transport, education, and investment.• Lisbon increased its credit line to Angola...
• Malnutrition cases in Katsina State surged 208% compared to 2024.• Since early 2025, 652 children died at MSF facilities from lack of timely treatment.•...
• Ethiopia and Italy signed a joint declaration to deepen cooperation during a bilateral meeting in Addis Ababa.• The cooperation framework includes a...
• US suspended all immigrant and non-immigrant visa issuance at its Niamey embassy from July 2025.• Trade between the US and Niger fell sharply...
Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...