Zimbabwe’s national road administration, ZINARA, has finally paid off a 206 million dollar loan from the Development Bank of Southern Africa, AllAfrica reported on Wednesday. Retiring a regional development bank loan in full is a balance sheet milestone for an agency whose toll revenues service most of Zimbabwe’s road funding.
The European Investment Bank’s external arm, EIB Global, and Nigeria’s First City Monument Bank have joined forces on 85 million euros of funding for the Nigerian private sector and sustainable agriculture, Premium Times reported. The facility is the latest DFI intermediated lending line into Nigerian banks, which on lend to smaller companies the DFI cannot reach directly.
Mozambique is pitching Sasol and the ROMPCO pipeline company on a 250 million dollar gas project, OilPrice reported. The proposal would extend the gas infrastructure that already carries Mozambican gas to South Africa, and it is at pitch stage, not an agreed investment.
Intesa Sanpaolo is planning a risk transfer deal to hedge 6 billion dollars of credits, Bloomberg reported on Wednesday. The headline figure is the reference portfolio the synthetic structure would cover, not capital raised, and no terms were reported in the material available to this edition.
Monomoy Capital Partners has concluded its Family Fund I at 589 million dollars, AltAssets reported. The vehicle is a smaller, family office oriented fund from the New York mid market firm, a sign that the family fund format is still raising while institutional fundraising concentrates at the largest managers.
WaveDivision Capital, Pritzker and Stephens have struck a deal for EarthLink, the internet service provider backed by Trive Capital, PE Hub reported. No price was disclosed in the report available. The deal continues the consolidation of US regional broadband and fibre providers into sponsor platforms.
In UK fibre, Nexfibre has rejected as fundamentally flawed the Competition and Markets Authority’s verdict on its 2 billion pound acquisition of Netomnia, Data Centre Dynamics reported. The dispute puts one of the largest UK alternative network combinations in question and is a regulatory item to watch, not a completed transaction.
A UK government arm has bought a 6.5 percent stake in Kenyan supermarket chain Quickmart for 1.94 billion shillings, Kenya Broadcasting Corporation and Business Daily reported. The purchase, made the same week state firms sold down Kenya Pipeline, shows British development capital buying into Kenyan consumer infrastructure while Kenyan public holders sell.