EAIF supports Eastcastle Infrastructure’s tower expansion, DFC joins LP rosters for 2 funds, AfDB commits to BluePeak, and more: Weekly Wrap, July 3rd, 2023 | Africa Capital Digest

In the world of African infrastructure investment, several significant developments took place last week. From tower expansion to new partnerships and commitments, the continent’s investment landscape continues to evolve. Here is a roundup of some of the key events that occurred in the week ending July 3rd, 2023.

1. EAIF Backs Eastcastle Infrastructure’s Tower Expansion:

The Emerging Africa Infrastructure Fund (EAIF) announced its support for Eastcastle Infrastructure’s tower expansion plans. Eastcastle Infrastructure, a leading provider of telecommunications infrastructure in Africa, aims to expand its tower portfolio across the continent. The EAIF’s backing will provide the necessary financial resources to facilitate this expansion, enabling Eastcastle to meet the growing demand for reliable and efficient telecommunications services in Africa.

2. DFC Joins LP Rosters for 2 Funds:

The U.S. International Development Finance Corporation (DFC) has joined the limited partner (LP) rosters for two funds focused on African investments. The DFC’s participation in these funds will enhance their capital base and enable them to deploy more resources towards supporting sustainable development projects in Africa. This move highlights the DFC’s commitment to fostering economic growth and prosperity on the continent.

3. AfDB Commits to BluePeak:

The African Development Bank (AfDB) has committed to investing in BluePeak Private Capital’s latest fund. BluePeak is a private equity firm focused on investing in African companies operating in the consumer goods and services sector. The AfDB’s commitment to BluePeak underscores its confidence in the potential of African consumer markets and its dedication to supporting private sector growth on the continent.

4. Weekly Wrap: A Comprehensive Overview of African Capital Digest:

Africa Capital Digest, a leading source of news and analysis on African capital markets, released its weekly wrap-up for the week ending July 3rd, 2023. The digest provides a comprehensive overview of the key events, trends, and developments in African capital markets, including mergers and acquisitions, private equity investments, infrastructure projects, and more. This resource serves as a valuable tool for investors, analysts, and industry professionals seeking to stay informed about the latest happenings in African finance.

These developments highlight the continued growth and dynamism of Africa’s investment landscape. With support from organizations like the EAIF, DFC, and AfDB, African companies and infrastructure projects are receiving the necessary funding to drive economic development and improve the quality of life for millions of people across the continent. As Africa’s capital markets continue to evolve, resources like Africa Capital Digest play a crucial role in keeping stakeholders informed and facilitating further investment in the region.

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