Fund for Export Development in Africa

In 2016, Fund for Export Development in Africa was initiated as "Fund for the promotion of intra-African trade and industrialization and export development".^[1]

FEDA was established to address the US$110 billion financing gap hindering intra-African trade, value-added export development, and the development of industrial value chains across the continent.^[2] Rwanda, where FEDA is headquartered was the first country to sign the FEDA Establishment Agreement.^[3] São Tomé and Príncipe signed the agreement in June 2023.^[4] Nigeria became the 16th country to accede the agreement in May 2024.^[5]

Egypt and Malawi joined in September and October 2024 respectively.^[6][7] Other members include Mauritania, Guinea, Togo, South Sudan, Zimbabwe, Kenya, Chad, Republic of the Congo, Gabon, Sierra Leone, Equatorial Guinea, Ghana.^[8]

In 2021, FEDA led the $56 million series B round for Kobo360.^[9]

In 2022, FEDA raised $670 million to drive different interventions aimed at developing trade in Africa.^[10][11]

In February 2023, Geregu Power Plc announced that FEDA had purchased 5% of its shares.^[12]

In October 2024, FEDA contributed $300 million investment to ARISE IPP's $443 million capital raise.^[13]

In October 2025, Spiro raised $100mn in a round led by FEDA.^{[14][15][16][17]}