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Norfund, the Norwegian Investment Fund for developing countries, has announced an additional investment of US$40 million in CrossBoundary Energy (CBE), a leading renewable energy solutions provider in Africa.

Adenia Partners, a Mauritius-based private equity firm specializing in African investments, has announced the successful closing of its fifth and largest Africa-focused fund, the Adenia Africa Fund, at $470 million.

Swiss development finance institution, SIFEM, has committed $15 million to the first close of Ninety One’s Africa Credit Opportunities Fund 3, which targets a total fundraising of $500 million.