E3 Capital and Lion's Head Global Partners announce a first close for the E3 Low Carbon Economy Fund for Africa ("E3LCEF"). The early-stage venture fund will focus on investing in next-generation low-carbon entrepreneurs in Africa scaling new technologies and business models
The ALCB Fund has invested XOF 6.1 billion (USD 10 million) in CRRH-UEMOA (Caisse Régionale de Refinancement Hypothecaire de l’UEMOA) bond issuance of XOF 36 billion (UDS 60 million). This marks a follow-on investment in the issuer after two previous investments.
The ALCB Fund has re-invested MZN 200million (USD 3.1 million) in Bayport Financial Services Mozambique. The bond issuance is for a tenor of three years with a coupon rate of 22%, a follow-on to the Fund’s previous investments in 2018 and 2019
Lion’s Head is proud to announce the mobilisation of a landmark $12.1 million (ZAR 222,604,000) for South Africa’s power sector.
Lion’s Head Group (“Lion’s Head”)-managed fund, the Facility for Energy Inclusion (“FEI”), provided EUR 7.5m of debt to SolarX, a leading West-African C&I player with a strong focus and expertise in the Sahel region.
Lion’s Head Group-managed fund, the Facility for Energy Inclusion (“FEI”), arranged EUR 28.3m of additional debt for Camusat’s energy services company (“ESCO”), AktivCo. FEI acted as lead arranger. The total committed debt amounts to EUR 88.5m.
We are pleased to announce that FEI Off-Grid Energy Access Fund (FEI-OGEF) and Mirova SunFunder have closed a USD 16 million syndicated debt facility to support BioLite’s expansion in Africa.
On October 17th, 2022, Lion’s Head Global Partners managed fund, the Facility for Energy Inclusion (“FEI”), completed its first bond financing to provide a EUR 7.0 million bridge facility to Camusat’s energy services company(“ESCO”), AktivCo.
The UK Government’s pioneering MOBILIST programme aims to mobilise institutional capital for emerging and frontier economies through listed product structures. The programme provides anchor capital for innovative listed structures and strategies, offers technical assistance to br
UK-based power company Bboxx has has consolidated its market leading position by acquiring West Africa-based solar energy provider PEG Africa. PEG Africa is one of the largest providers of distributed energy in West Africa and one of the continent’s fastest-growing companies.
Jordan issued on Wednesday 8th June $650 million of Eurobonds at 7.75% that were oversubscribed more than three times. Central Bank Governor Adel al-Sharkas said the high demand was testimony to strong investor confidence in the country's fiscal and monetary policy.
The Republic of Angola has successfully issued a new 10-year US$1.75bn 8.75% Eurobond coupled with a strategic Liability Management exercise in which it partially repurchased short-dated, high coupon Eurobonds (Angola 9.5% 2025) via a tender offer.
We are delighted to announce that the Facility for Energy Inclusion (FEI) will act as the sole lender for a EUR 11.0 million senior debt facility for Innovent Senegal, a wholly owned subsidiary of InnoVent SAS, which owns and operates a 20MW solar pv power plant in Sakal.
As part of our extensive CSR programme, Lion's Head Global Partners recently supported AfriTech XYZ and Do it Now Now HQ by sponsoring and mentoring the finalists of AfriTech’s Innovation Prize to support clean energy start-ups to grow more quickly
Fitch Ratings has upgraded Angola’s Long-Term Foreign Currency Issuer Default Rating (IDR) to “B-“ from “CCC”, with Stable outlook. Lion’s Head Global Partners acts as the International Financial Advisor to the Republic of Angola
EAV has announced a partnership with Lion’s Head Global Partners for its second Africa-focused venture capital fund, investing in clean-tech, new generation climate (resource) efficient businesses, and other related B2B and B2C businesses.
Lion's Head Global Partners is supporting the fight against gender-based violence through our CSR programme with a donation for the procurement of a toll-free line for the WARIF 24 hour confidential helpline.
Moody’s Investors Service raised Angola’s credit rating for the first time. The country’s Eurobonds gained. The credit assessor upgraded its assessment of Africa’s second-largest oil producer by one level to B3 from Caa1
It is with great pleasure we announce that Lion's Head Global Partners has been nominated for the African Banker Awards 2021 in the category Deal of the Year Award - Energy. This was for FEI Off-Grid Energy Access Fund (OGEF's) US$4 million loan to Bboxx RDC
Lion's Head Global Partners, in collaboration with Particip GmbH and @ADE have completed the Feasibility Study on Options for Strengthening the Future European Financial Architecture for Development on behalf of the European Commission.
Lion's Head Global Partners is proud to be supporting the Serum Institute of India Pvt. Ltd. for their Phase 3 pivotal trial of R21, a new vaccine developed against plasmodium falciparum by the Jenner Institute, Oxford. This vaccine showed a 77% efficacy in its Phase 2 trial.
With COVID-19 infections rising faster in India than in any other major country, DIVOC Health are working 24/7 on the front-line, now processing in excess of 1,500 samples per day. Last month DIVOC opened a new laboratory in Ghaziabad.
Africa GreenCo have announced the launch of a competitive procurement process to select a 10-40 MW solar PV pilot project in Zambia from which GreenCo will purchase renewable energy under its transformative business model. Lion's Head act as financial advisors to Africa GreenCo.
FEI-OGEF has participated in a USD 11 million syndicated debt facility to SunCulture, a solar irrigation company headquartered in Nairobi, Kenya, to scale up renewable energy installations at smallholder farms and households. FEI-OGEF is managed by Lion's Head Global Partners.
Lion's Head Global Partners is pleased to announce our selection as a counterparty to the African Development Bank Group's COVID Off-Grid Recovery Platform. The platform will support energy access companies commercialising and deploying decentralised renewable energy solutions
The ALCB Fund features as a case study in FSD Africa's Impact Report. FSDA work to reduce poverty by strengthening Africa’s financial markets. The fund supports the development of African capital markets through local currency bond issues – including in fragile states.
The ALCB Fund is proud to announce an investment in Enda Tamweel, a Tunisian microfinance institution. This transaction marks the Fund’s first investment in North Africa.
The African Development Bank has emerged as Development Finance Institution of the Year at the 2020 African Solar Industry Solar Award (AFSIA). For this award, the focus was on our dedicated energy access fund, Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF)
Following an initial review, DFC has been retained by Lepidico to commence detailed due diligence in order to determine whether the Karibib Phase 1 Project in Namibia qualifies for DFC debt financing. Lion's Head is financial advisor to Lepidico to securing financing for Phase 1.
On 18 September, Indian specialist diagnostic company, DIVOC Laboratories (DIVOC), secured NABL certification and ICMR permission to offer COVID-19 testing. Lion's Head Global Partners provided advisory services for the establishment of DIVOC as part of its COVID action plan
Republic of Angola announced this week that the IMF successfully completed the 3rd Review of the EFF arrangement for Angola, allowing further disbursement of funds to help Angola recover from the C-19 pandemic. Lion's Head acts as the International Financial Advisor to Angola
Lion's Head Global Partners were proud to support the Jordanian Ministry of Finance and Central Bank of Jordan, in issuing a double-tranche Eurobond at $500 million at 4.95% over five-year maturity and $1.25 billion at 5.85% over 10-year maturity.
Lion's Head Global Partners is pleased to act as financial advisor to emerging domestic natural gas and helium producer Renergen Limited, who recently signed an agreement with Total for the joint marketing and distribution of liquefied natural gas
African Development Bank Group president Akinwumi Adesina speaks about the impact of the C-19 crisis on African economies
Lion's Head Global Partners is proud to have been supporting the World Health Organization and European Investment Bank (EIB) #covid19 #staysafe #lhgp #lionsheadglobalpartners #africabusiness #innovat
Great to see the Kingdom of Jordan has been successful in establishing a Project Preparation Development Facility #ppp #infrastructure #jordan #infrastructureprojects #amman #greeninfrastructure #privatesector #uae #lhgp #capacitybuilding #projectplanning
African Development Bank Group and SA Taxi, a vertically integrated minibus taxi platform, recently signed a $100 million loan agreement to support the firm’s growing strategy to empower taxi operator #investment #accesstofinance #financialinclusion #impactinvestment
This guide, prepared for the ALCB Fund, focuses on the legal considerations for corporate bond issues within the Economic and Monetary Community of Central Africa (EMCCA) and the West African Economic and Monetary Union (UEMOA).
Lion’s Head Co-CEO, Christopher Egerton-Warburton this week participated in a roundtable on ‘Peace-responsive Investing Through the Private Sector’ convened by the UN Political and Peacebuilding Affairs (DPPA) Peacebuilding Support Office (PBSO) in New York
Lion’s Head Global Partners recently hosted an interactive webinar on its study of Private Debt Markets in Africa on behalf of FSD Africa.
Lion’s Head Global Partners is delighted to have worked on this study with FSDA to assess the potential for developing a green Bond market in Ghana. We believe Green Bonds could play an important role in supporting the transition to a sustainable economy in Ghana
On 23 February, Gaia de Battista and Ighosime Oyofo from Lion's Head Global Partners contributed to an FSD Africa Webinar on Developing the Green Bond Market in Ghana. The webinar offers an excellent introduction to green bond issuances in emerging markets and can be viewed here
Lion’s Head Global Partners is working with USAID INVEST on a number of activities, including supporting an innovative Fund of Venture Capital Funds in South Africa, which aims to increase investment into black-owned and operated SMEs
The business, investment and tech communities in Africa are all understandably excited at the news that Paystack just sold to Stripe for USD200 million, part of a wider trend which is seeing African startups defy the odds during the Covid-19 pandemic
On 30th September, Lion's Head Global Partners in partnership with FSD Africa and UN Women, took part in a Webinar to discuss the viability of Gender bonds in sub-Saharan Africa https://www.youtube.com/watch?v=DqrXfvTI8Iw
Lion's Head have supported FSD Africa and UN Women on the viability of the Gender Bond market in SSA. Greater harmonised guidance could help both issuers and investors better understand this important new product, and catalyse their growth.
With less than 2% of national health budgets globally being spent on mental health, Lion's Head Global Partners is extremely proud to have co-authored a report being launched today #mentalhealth #mentalhealthcare #workplacehealth #healthyemployees #lhgp #lionsheadglobalpartners
Paris, May 19, 2023 -- Moody's Investors Service (Moody's) has today upgraded theAfrican Local Currency Bond Fund S.A. SICAV-RAIF's (ALCB Fund) long-term foreign-currency issuer rating to Baa1 from Baa2.The outlook remains stable.
ALCB Fund Invests USD 10 million in Banque Ouest Africaine de Développement (BOAD) Securitisation transaction
The ALCB Fund has invested XOF 2 billion (USD 3.3 million) in La Société de Logistique et d’Exploitation Agricole’s (SOLEA) XOF 4 billion (USD 6.6 million) bond issuance. The bond issuance is for a tenor of eight years (three-year grace) with a coupon of 7.2%.
The Africa Go Green Fund (AGGF), managed by LHGP Asset Management, which invests in projects in West Africa that mitigate or reduce greenhouse gas emissions, has made headlines today with the announcement of its successful second fundraising close.
Bboxx EDF secure €11m loan from OGEF to accelerate clean electrification for 1.5m people in Togo
Lion’s Head Global Partners fund, the Facility for Energy Inclusion (FEI), signed its first transaction in the commercial and industrial (C&I) solar market, the biggest in Africa to date, acting as lead arranger for a USD 33.4 million multi-country facility for Solarise Africa.
On September 15, 2022, RMI and Lion's Head Global Partners (LHGP) published a report on the Renewable Embedded Generation business model, which will enable energy developers in Nigeria to deliver improved electricity services, attracting new investment opportunities for financier
OGEF is providing a US$5m equivalent senior secured debt facility to Yellow, one of Africa's fastest growing fintech start-ups. Since 2018, Yellow has served over 240,000 households with financed solar energy systems and smartphones. OGEF is managed by Lion's Head Global Partners
On Monday 14th March, the Kenya Mortgage Refinance Company (KMRC) officially rang the bell to mark the listing and the commencement of trading of the KMRC Corporate Bond on the Nairobi Securities Exchange (NSE)
Lion's Head Global Partners is excited to share that the AfricaGoGreen Fund (AGG) has attracted additional investors interested in backing energy efficient projects in Africa, and accelerating the decarbonisation of African economies.
The Africa Go Green Fund (“AGG”) has signed its second transaction, a USD5.5m medium-term senior secured loan with Bboxx Capital Limited (“Bboxx”), a holding company for several next-generation utility companies expanding access to clean energy and clean cooking across Africa.
The Facility for Energy Inclusion (“FEI”) has signed a transaction to act as sole lender for a USD22.5 million senior debt facility to finance ESCOTEL Mauritius’s subsidiaries in Sierra Leone and Liberia
The Facility for Energy Inclusion (FEI) has signed its inaugural transaction, acting as lead arranger for a EUR60 million multi country facility for ActivCo SAS, a fully owned subsidiary of Camusat Group, a global player for the roll-out of telecom networks.
The African Local Currency Bond Fund has been nominated for the prestigious African Banker Awards 2021 in the following category: Deal of the Year Debt The African Local Currency Bond Fund Investment in Sonatel Local Currency Bond Issuance.
FEI Off-Grid Energy Access Fund managed by Lion's Head Global Partners supports Baobab+ a French leading solar home system distributor in West Africa. FEI-OGEF has announced the close of a €2 million debt funding for the extension of Baobab+ services in Senegal.
The AfricaGoGreen Fund and its technical assistance facility have been launched by KfW on behalf of BMZ. The Fund, which will act as a catalyst for a green recovery from the current pandemic crisis, will be managed by Lion’s Head Global Partners.
The International Monetary Fund (IMF) approved the disbursement of US$488 million to Angola and reiterated its confidence that it will rein in public debt to sustainable levels. Lion’s Head Global Partners acts as the International Financial Advisor to the Republic of Angola.
The Facility for Energy Inclusion (FEI) has now reached Final Close of its equity after receiving a further USD 24 million subscription by KFW. This brings FEI’s total equity based to USD 145 million and the total potential Fund size to just under USD 400 million.
GreenCo has announced an investment of $1.5m by the IFU and InfraCo. This completes GreenCo’s operational establishment in Lusaka as a creditworthy intermediary power trader in Zambia and the broader SADC region. LHGP has been the financial advisor to GreenCo since 2016.
The Facility for Energy Inclusion, managed by LHGP Asset Management, has signed a USD 20 million loan agreement with OeEB, the Development Bank of Austria. This funding will increase the total fund size to nearly USD 180 million, and contribute to the elecrification of Africa.
As the Fund Manager to the ALCB Fund, LHGP Asset Management was excited to have played a key role in the largest-ever corporate bond issuance in the UEMOA region, by crowding in additional anchor investors and ensuring the full subsription of the issuance.
Lion's Head Global Partners are delighted to have supported CEPI (Coalition for Epidemic Preparedness Innovations) on the recent US$ 200m bond issuance to frontload the Kingdom of Norway's commitment towards CEPI's work on supporting COVID-19 vaccine candidates.