Current Affairs

DPI strengthens senior team, announcing election of three new partners

10 November 2020

Development Partners International (“DPI”), a leading pan-African private equity firm with $1.7 billion in assets under management, is pleased to announce the election of three new professionals to its Partnership. The election of Babacar Ka, Takudzwa Mu…

Read more »

PIC Board appoints a new Chief Operating Officer and Chief Risk Officer

03 November 2020

The Board of the Public Investment Corporation (PIC) has confirmed the appointment of Mr Vuyani Hako as the new Chief Operating Officer (COO) for the PIC, effective from 1 November 2020. Until now Mr Hako was the PIC’s Executive Head for Properties and h…

Read more »

Albert Alsina, Mediterrania Capital’s Founder and CEO, launches a new book on Value Creation in Private Equity

26 October 2020

 

Malta. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce that Albert Alsina, the company’s founder and long-time CEO, has launch…

Read more »

RENEW welcomes Reynolds to leadership team and Newman as general counsel

16 October 2020

RENEW is pleased to announce the following position changes at RENEW: Paul Reynolds joins RENEW’s executive team as a managing partner in Addis Ababa, Ethiopia. Kirsten Newman has been promoted to the general counsel position. Tom Scriven, RENEW’s pa…

Read more »

FMO appoints Interim CEO

09 October 2020

Today the Supervisory Board of FMO announced the appointment of Linda Broekhuizen as interim CEO. Broekhuizen has been part of FMO’s Management Board as Chief Investment Officer for almost seven years. Her current role will be fulfilled by Huib-Jan de Rui…

Read more »

African Infrastructure Investment Managers (AIIM) appoints new joint-MDs

03 August 2020

African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments and Africa’s most experienced infrastructure manager, has appointed two joint-managing directors to be based in Cape Town and Lagos, following the retirement…

Read more »

LeapFrog Investments Makes Three Leadership Appointments, Following Record Fundraise

23 July 2020

LeapFrog Investments Makes Three Leadership Appointments, Following Record Fundraise Experienced leaders will drive strong returns and governance for the leading impact investor LeapFrog Investments, the Profit with Purpose investment group whose compan…

Read more »

AVCA Board appoints Dara Owoyemi as Interim CEO

21 July 2020

London, United Kingdom: 21 July 2020: Today, the Board of Directors of the African Private Equity and Venture Capital Association (AVCA) announce the appointment of Dara Owoyemi as Interim CEO, following the departure of Michelle Kathryn Essomé last month…

Read more »

Wale Odusanya joins Verod as a Vice President on the Investment Team

13 July 2020

Verod Capital Management Limited (“Verod”), a leading West African private equity firm, today announced the hiring of Wale Odusanya as a Vice President in its Lagos office and a Senior Deal Maker on its Investment Team. Wale joins Verod from Stanbic IB…

Read more »

Yanish Bondahjagalu joins Verod as Chief Funds Operations Officer

13 July 2020

Verod Capital Management Limited (“Verod”) is pleased to announce the appointment of Yanish Bondahjagalu as Chief Funds Operations Officer for the Group. Yanish is based in Verod’s Mauritius Office and is responsible for operating Verod’s funds in a…

Read more »

The PPE of Overseas Development Assistance

16 June 2020

Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF To see the original article, please click here Politics, Philosophy and Economics of ODA in a time of COVID-19 In these unprecedented times, development assistance must shed the skin of its…

Read more »

Thank you for the last 9 years

16 June 2020

Dear members, partners and friends,Today I’m writing to share the news that it’s time for me to step aside after nearly 9 years at the helm of AVCA.The world today is at a historic moment of reflection as we consider how to build more inclusive, resilie…

Read more »

AVCA featured in Africa Global Funds (Subsription Content)

16 June 2020

AVCA's Head of Research & Training, Enitan Obasanjo-Adeleye discusses the findings of AVCA's research on climate change, the implications of climate change on Africa's PE ecosystem and the role African PE can play in reducing the risks of climate chan…

Read more »

CDC Group appoints new Head of Business Integrity

12 June 2020

CDC Group, the UK’s impact investor and development finance institution, has today announced the appointment of Alexandra Maddy as its new Head of Business Integrity. In this role Alexandra will be responsible for enhancing investees’ business integrity s…

Read more »

Bowmans expands into Malawi and Zambia

01 June 2020

The current COVID-19 pandemic sweeping the globe is not stopping leading African law firm, Bowmans, from moving forward. Less than a year after it announced it was opening a new office in Mauritius and entering into an alliance with Assefa & Associat…

Read more »

Covid-19: "In Africa, investment funds with a local footprint have a great advantage"

06 May 2020

La Tribune Afrique interviews AVCA's Head of Research and Training, Enitan Obasanjo-Adeleye. Read more

Read more »

Coronavirus: private equity liquidity management is key to pandemic

20 April 2020

Liquidity management will decide which private equity investors in Africa are able to take advantage of the new opportunities created by the coronavirus pandemic. That’s the message from the transcript of a private webinar for members of the African Priv…

Read more »

African Development Bank Group unveils US$10 bn Response Facility to curb COVID-19

08 April 2020

The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and wil…

Read more »

COVID-19: AVCA's Response

18 March 2020

The COVID-19 pandemic is fundamentally re-shaping life across the world. The risks to public health and the consequent economic and social disruption are unprecedented. African Governments are acting swiftly and in concert to limit the spread of infectio…

Read more »

Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability

27 February 2020

Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability  Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa announces the appoin…

Read more »

Mediterrania Capital Partners is granted the EU’s AIFM Licence by the Malta Financial Services Authority

19 February 2020

Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that it has been granted an AIFM (Alternative Investment Fund Manager) Licence under the Directi…

Read more »

Kibo portfolio company produces first fully recycled packaging product in Kenya

06 February 2020

Kibo Capital Partners (KCP) today announced that its portfolio company Blowplast Limited (Blowplast), in partnership with Unilever and recycling company Mr Green Africa, has produced Kenya’s first fully recycled packaging solution. The packaging, produced…

Read more »

IFC Supports Sustainable Agriculture in Morocco’s Farming Sector through its Partnership with Zalar Agri

24 January 2020

IFC, a member of the World Bank Group, is providing US$24mn in financing, including a US$12mn C loan for IFC’s own account and a mobilization of a US$12mn B loan through IFC’s syndication program, to Zalar Agri, one of Morocco’s leading fruit producers, a…

Read more »

Acorn dual-lists green bond program on LSE's International Securities Market

20 January 2020

Acorn Holdings Ltd., the largest Purpose-Built Student Accommodation property developer in Kenya, has dual-listed its KES 4.3 billion green bond program on the International Securities Market of the London Stock Exchange. The medium-term note (MTN) progra…

Read more »

Actis signs an MOU with The Sovereign Fund of Egypt for strategic cooperation on future investment opportunities in Egypt

20 January 2020

The Sovereign Fund of Egypt (TSFE) and Actis, a UK based leading emerging markets investor, have signed an MOU relating to strategic cooperation across multiple sectors in Egypt. The signing took place during the UK-Africa Investment Summit witnessed by D…

Read more »

B-Corp status for leading pan-African PE firm Helios Investment Partners

13 January 2020

Helios Investment Partners becomes the largest emerging markets-focused PE firm globally to receive B Corp certification B Corp status recognizes the firm’s long-standing commitment to sustainability and responsible business practices The B Corp cer…

Read more »

DOB Equity awarded impact investor and transition to new leadership

19 December 2019

DOB Equity wins the award for impact investment firm 2019 Leadership change as CEO Brigit van Dijk – van de Reijt will hand over her responsibilities to her colleagues Saskia van der Mast, Hayo Afman and Toine Huijbers per January 1st, 2020 DOB Eq…

Read more »

Andersen Global Strengthens Presence in Nigeria with The New Practice

12 December 2019

Andersen Global entered into a Collaboration Agreement with Lagos-based law firm, The New Practice (TNP), increasing the global organization's footprint in Africa and strengthening its presence in Nigeria. Founded in 2007, TNP's practice includes Office …

Read more »

Check-in with the Partech Africa fund: 2019 was an active and exciting year

10 December 2019

Last time we shared a public update in January 2019, Partech Africa had just reached a final closing at €125M ($143M), opened Nairobi offices and closed 3 deals in 2018.  A year later here is where we stand:  ● 8 new transactions including 6 new compani…

Read more »

Member Announcement - Capria Ventures 8th Investment Cycle is Open!

28 November 2019

Capria understands the problems faced by fund managers in emerging markets and works in deep partnership to solve roadblocks like fundraising and finding & developing a successful deal pipeline for investments. Capria is a global impact investing fir…

Read more »

Investec Asset Management is becoming Ninety One

19 November 2019

We are excited to let you know that the plans for our firm’s listing in the first quarter of next year are well advanced, including the adoption of our new name. We have chosen a name with a strong connection to our heritage, that feels authentic to who …

Read more »

First female PE fund stars at Africa Investment Forum

12 November 2019

4 Years, 3 Continents, 2 Women, 1 Plan   The first female-led African private equity fund took centre stage at the African Investment Forum, when the President of the African Development Bank (AfDB) Akinwumi Adesina said “Alitheia IDF last year here, co…

Read more »

Stephane Bacquaert has joined Adenia Partners as a Managing Director

22 October 2019

Adenia Partners is pleased to announce today that Stephane Bacquaert has joined the team as Managing Director and member of the Board. He will be primarily focused on leading Adenia private equity activities in West Africa. Stephane joins from Wendel whe…

Read more »

London Stock Exchange Welcomes Helios Towers Plc

15 October 2019

Helios Towers plc, a leading Sub-Saharan independent tower Company, was today welcomed to the London Stock Exchange on its successful admission to the premium listing segment of the Official List. Formed in 2009 with a vision of becoming a major infrastr…

Read more »

Investec Asset Management's EAIF announces milestones for clean energy projects in Mozambique, Uganda and Tanzania

14 August 2019

Investec Asset Management's Emerging Africa Infrastructure Fund (EAIF) has announced two renewable energy projects that will produce a total of 54MW of clean power have celebrated important milestones. Mozambique’s president declares Mocuba solar plant…

Read more »

Executives in Africa win ‘Best UK Overseas Operation’ at the 10th Global Recruiter Awards

24 July 2019

The 10th Global Recruiter Awards took place at Café de Paris, London, with Executives in Africa lifting the award for “Best UK Overseas Operation”. The Awards have an unprecedented reputation within the Industry for recognizing the best of the best,…

Read more »

Investec Asset Management acquires control of one of Egypt’s leading grocery retailers

15 July 2019

Investec Asset Management (‘IAM’) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt (‘Spinneys’), a rapidly growing supermarket chain in Egypt. This marks the eighth investment from IAM’s second pan-African…

Read more »

Actis Assumes Management Rights on Two Abraaj Funds | AVCA

15 July 2019

Actis has assumed management rights on Abraaj Private Equity Fund IV (APEF IV), a global buyout fund, and Abraaj Africa Fund III (AAF III), a fund for investment in sub-Saharan Africa The transaction includes 14 portfolio companies and strengthens Acti…

Read more »

CDC Group launches new company, Gridworks

10 June 2019

Capitalised by CDC, Gridworks will aim to invest over US$300 million to improve the transmission and distribution infrastructure that delivers reliable and sustainable power   CDC, the UK’s development financial institution, has today announced the laun…

Read more »

DEG promotes lending to women in Uganda

02 May 2019

Growth capital for BRAC Uganda Bank Ltd. In Uganda, only about one third of the population has a bank account. Microfinance institutions can only close the gap to some extent. One of them, BRAC Uganda Microfinance Ltd., which focuses on providing finance…

Read more »

African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

06 February 2019

Cape Town and Nairobi: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), today announces the appoi…

Read more »

CDC appoints Stephen Priestley as new Managing Director, Funds and Capital Partnerships

28 January 2019

CDC, the UK’s development financial institution, has today announced the appointment of Stephen Priestley as its new Managing Director, Funds and Capital Partnerships. Stephen starts his new role on 28 January and will report directly to Chief Executive N…

Read more »

CDC appoints Chris Chijiutomi, as the new Head of its Infrastructure Equity Team

01 November 2018

Chris Chijiutomi has been with CDC since 2017 as an Investment Director and replaces Sameh Shenouda who left CDC in September. He will lead the CDC team making equity investments in infrastructure in CDC’s target regions of Africa and South Asia. Before …

Read more »

CDC appoints new Deputy Chief Investment Officer for higher risk strategies

04 September 2018

London, United Kingdom: CDC, the UK’s development finance institution, has announced the appointment of Yasemin Saltuk Lamy as its Deputy Chief Investment Officer (CIO) for higher risk strategies. Yasemin will be responsible for the investment processes,…

Read more »

It’s Time for Development Finance Institutions to Join Africa’s Technological Revolution

24 August 2018

Technological innovation has swept across Africa in the past decade. There are almost one billion cell phone subscriptions on the continent, up from 129 million ten years ago. In addition, software advances have disrupted the way people from Senegal to So…

Read more »

Why Partech is partnering with TradeDepot

02 May 2018

Partech are strong believers in the potential of digitizing the informal economy in Africa. Partech are convinced that digital platforms will support a massive transformation of many still informal markets thus enabling growth across all layers of society…

Read more »

CDC announces two new senior appointments

26 February 2018

CDC Group plc, the UK’s development finance institution, has appointed Tenbite Ermias as its new Head of Africa and Chris Coles as its new Chief Investment Officer. Tenbite Ermias, Head of Africa Tenbite joins on 26 February 2018 and will be responsible…

Read more »

Blended Finance – A tool for driving private equity investment in Africa

21 February 2018

The 2017 African Economic Outlook predicts that Africa’s average growth is expected to reach 4.3% in 2018. The private equity (PE) and venture capital industry in Africa continues to witness strong performance across diverse sectors. Returns to investors …

Read more »

Leapfrogging 2.0: How Africa leads the way

07 February 2018

The subject of Africa ‘leapfrogging’ developments through technology is not a new one, and it has been written about extensively. There is no doubt amongst most commentators that it is the mobile revolution that has catalysed this phenomenon, particularly…

Read more »

Investec portfolio company secures global investment from Virgin Group and Smollan

30 January 2018

Investec Asset Management portfolio company wiGroup, a mobile transacting software company, has secured an equity investment from two leading global companies to fast-track its entry into emerging and developed markets. The Virgin Group’s global investmen…

Read more »

Leaner, fitter private equity firms are set fair for a positive 2018

22 January 2018

A new year is always an opportunity for a fresh start — it is a chance to put new plans into action and do some fresh thinking. It is not difficult to start the year in an optimistic mood, although the question is: is it justified? The African private equ…

Read more »

DPI builds Francophone African higher education platform

12 January 2018

Pan-African private equity specialist DPI, has been instrumental in creating KMR Holding Pédagogique, the leading state-recognised higher education platform in Francophone Africa. This is because of rapidly growing demand for quality degrees and strong j…

Read more »

African fund managers continue to capture opportunities amidst rising currency and geopolitical risk

07 December 2017

The African Private Equity and Venture Capital Association (AVCA) has launched the inaugural edition of its special research reports, Volatility and Uncertainty: How private equity in Africa navigates through turbulent times, which explores how the Africa…

Read more »

Investec makes follow-on investment in Mobisol

30 November 2017

Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Inv…

Read more »

AVCA Regulatory Update: MiFID II – What does it mean for you?

30 November 2017

What is MiFID II? Markets in Financial Instruments Directive (MiFID) II is the sequel to the Markets in Financial Instruments Directive (I) which was introduced in 2007. This legislation, due to come in force in January 2018, provides an EU framework for…

Read more »

Deal Origination 2.0 - Digital deal sourcing and the future of African private equity

28 November 2017

Deal origination is a labour-intensive process, especially when conducted through traditional methods such as accessing business owners in the immediate network, screening inbound leads, engaging with investment intermediaries, and proprietary research fo…

Read more »

Round-Up: Inaugural AVCA ESG Practitioners' Roundtable

23 November 2017

Following the inaugural AVCA ESG Practitioners' Roundtable which took place on Monday 16th October 2017, led by the AVCA Sustainability Committee, we are pleased to announce the formation of an industry initiative to drive the adoption of Environmental, S…

Read more »

AVCA boosts Board and Advisory Committees with high profile appointments

06 November 2017

Monday, 6th November 2017, London: The African Private Equity and Venture Capital Association (AVCA) today strengthened its leadership as Paul Botha, Founder and Chief Executive Officer at Metier and Danladi Verheijen, Managing Director at Verod Capital M…

Read more »

Investec completes buy-out of Botswana-based retailer

25 October 2017

Investec Asset Management, through its Africa Private Equity capability, in a consortium with RMB Ventures, local partners, and senior management have completed a buy-out of Kamoso, a Botswana-based retailer and consumer goods company. The transaction is …

Read more »

FMO signs MOU to increase funds for energy sector

24 October 2017

FMO, the Dutch Development Bank and Shell Foundation, a registered charity in the United Kingdom, signed a Memorandum of Understanding (MOU) to join forces on increasing the flow of funds for impact finance in the energy sector. They agreed to a broad coo…

Read more »

Expression of Interest: The UK's role in the Ethiopian Manufacturing Sector

17 October 2017

In partnership with the British Department for International Trade (DIT), Department for International Development (DFID) and the Foreign and Commonwealth Office (FCO), Business Council for Africa-Invest Africa (BCA-IA) is undertaking a project looking at…

Read more »

Investment Funds: The South African Headquarter Company Regime Hurdle

18 September 2017

With the increasing appetite for investments into African jurisdictions, the South African private equity landscape needs to adapt in order to attract direct foreign investment and to facilitate the seamless investment and divestment in and from these j…

Read more »

Nigeria’s FX Window: Boosting investors’ renewed confidence?

22 August 2017

Nigerian law guarantees investors the unconditional transferability of proceeds of their investments in Nigeria in convertible currency, provided that inflow and repatriation are effected through Central Bank of Nigeria (CBN) authorised dealers - subject …

Read more »

African Capital Alliance Replaces CEO following ministerial appointment of Okey Enelamah

11 November 2015

Okey Enelamah, Co-Founder and CEO of African Capital Alliance (ACA), was today appointed by President Muhammadu Buhari to serve as the Minister for Industry, Trade & Investment of the Federal Government of Nigeria.With this appointment, Okey Enelamah …

Read more »

OPIC: Global Engagement Call For Proposals

30 April 2015

Overseas Private Investment Corporation:    Global Engagement Call For Proposals The Overseas Private Investment Corporation is launching its 2015 Global Engagement Call for Proposals. OPIC is inviting proposals from fund managers seeking OPIC financin…

Read more »

Actis wins Africa Infrastructure firm of the year

02 March 2015

Actis has won two awards for its preeminent African and energy expertise. The firm has been named ‘2014 Firm of the Year in Africa’ by Private Equity International (PEI) and ‘2014 African Infrastructure Fund Manager of the Year’ by Infrastructure Investor…

Read more »

CDC appoints new Managing Director for its Africa Funds team

09 January 2015

London, United Kingdom, January 9th 2015: CDC Group plc, the UK’s development finance institution, has appointed Murray Grant as Managing Director for its Africa Funds team.  He will join CDC in January 2015 and will manage the team responsible for the or…

Read more »

Kuramo Capital Management's Walé Adeosun appointed to Advisory Council to advance the U.S. President's business priorities for Africa

07 November 2014

U.S. Secretary of Commerce Penny Pritzker Appoints Advisory Council to Advance President's Business Priorities for AfricaAt Discover Global Markets forum in Atlanta, Secretary Pritzker focuses on trade and investment opportunities in Sub-Saharan AfricaU.S…

Read more »

Launch of the Kusuntu African Private Equity and Small Growing Businesses Market Place

24 October 2014

Paris, October 24 2014: Kusuntu Partners launches a new service for linking up the Africa Focused Private Equity Funds and Investors to Africa Small and Growing Businesses.Kusuntu, a partnership that promotes the emergence and the development of African E…

Read more »

Dentons wins Advisor of the Year award at the Private Equity Africa Awards 2014

13 June 2014

Dentons is delighted to have won the 'Advisor of the Year – Single Deal Advisor' award at the Private Equity Africa Awards 2014. Dentons won the award for its role advising Indorama on its co-investment with Helios in the US$3bn Petrobras Oil & Gas JV…

Read more »

Helios wins Large Cap Deal of the Year for Petrobras Africa and Henry Obi receives Outstanding Leadership Award

12 June 2014

OUTSTANDING LEADERSHIP AWARDHenry Obi, Partner, Helios Investment PartnersDEAL OF THE YEAR: Large Cap Deal of the YearPetrobas Africa, Helios Investment PartnersHenry Obi, partner and chief operating officer at Helios Investment Partners, has been awarded…

Read more »

King & Wood Mallesons SJ Berwin wins ‘Legal Advisor of the Year - Funds’ at Private Equity Africa Awards

10 June 2014

King & Wood Mallesons SJ Berwin has been awarded ‘Legal Advisor of the Year - Funds’ at Private Equity Africa’s third annual GP & Advisor Awards.The Private Equity Africa Awards celebrate the best in-class global investors and advisors working sol…

Read more »

Anjarwalla & Khanna has entered into a strategic relationship with ATZ Law Chambers

24 March 2014

Anjarwalla & Khanna (A&K) has entered into a strategic relationship with ATZ Law Chambers (ATZ), a law firm in Tanzania. Shamiza Ratansi and Amish Shah (both formerly of Adept Chambers) set up the new firm in March, shortly after Dr. Fred Ringo of…

Read more »

MBO Capital Management Limited Rated “BBB(IM)”

13 February 2014

Agusto & Co has assigned a rating of “BBB(IM)” to MBO Capital Management Limited (”MBO Capital” or “The Manager”).Investment  Managers rated “BBB (IM)” are considered to have ADEQUATE investment and risk management capabilities. The rating is supporte…

Read more »

AVCA Newsletter out now! Bi-monthly African PE & VC news, research, events, training and more Read here:… https://t.co/JN3Ojijzfj

AVCA FOCUS LIVE State of African Private Equity & Venture Capital: Regional Perspectives Thursday, 12th November 2… https://t.co/tW17gpsZn5

AVCA is delighted to launch its online training series. Join us on the first series, which will cover Fundraising,… https://t.co/hMf5s4mZiz

AVCA Member News: AIIM in Witkop Solar Park deal Read more: https://t.co/iOiXB8FoEm

According to our new report, North Africa attracted the largest share of PE deals by volume and value with 31% and… https://t.co/vuvCc0fTwK