Across Africa, the path to economic growth remains uneven. Despite its potential, many African countries struggle to provide adequate financing for small and medium enterprises (SMEs) and climate-smart initiatives that are essential for sustainable development. Absa Group, one of the continent's largest financial services providers, found itself facing this very challenge.

Prior to Russia’s invasion of Ukraine, MIGA had a €17.1 million Capital Optimization guarantee covering ProCredit Holding AG’s equity investments in its subsidiary ProCredit Bank JSC, Ukraine. As the war intensified economic challenges, MIGA and ProCredit worked together to enhance their Capital Optimization guarantee from €17.

MIGA partnered with FirstRand Bank Limited's Rand Merchant Bank Division (RMB) and the government of Côte d'Ivoire to address these trade finance challenges through a guarantee structure. This collaboration aimed to unlock access to finance and stimulate economic growth in key sectors.

The Nuru Metro Grid project represents a breakthrough approach to energy access bringing together private sector investors, multilateral risk mitigation and investment from the World Bank Group and other development partners, and local market expertise from Nuru SASU. It targeted provinces with low grid electrification but high economic activity and market potential, aiming to transform energy access in these underserved regions.

Global foreign direct investment (FDI) is undergoing a significant transformation, shifting from decades of steady growth to a more uncertain and fragmented environment. This report explores the emerging trends of near-shoring, friend-shoring, and reshoring, which are reshaping global investment flows in response to geopolitical and supply chain pressures.

A team comprising MIGA, Energy GP and WB Treasury approached SBI with the proposal of refinancing a portion of IBRD’s existing $500 million loan with a MIGA guarantee. However, SBI would have to pay a prepayment premium of $8.5M2 to IBRD, making the transaction not financially viable for them.