Current Affairs

How security trustees protect investor rights in corporate debt restructuring

18 May 2022

By Rehma Imrith, Commercial Director  In the wake of the global economic downturn initiated by the Covid-19 pandemic, numerous businesses have found themselves facing financial difficulty. As a result, many companies – especially those in the emerging ma…

Read more »

British International Investment re-establishes its presence in Kenya

13 May 2022

Nairobi - 13 May 2022 - On Thursday evening, Nick O’Donohoe, CEO of British International Investment (“BII”), joined British High Commissioner to Kenya, Jane Marriott OBE, at a reception to launch the rebranded UK government’s Development Finance Institut…

Read more »

British International Investment (BII) invests in Egyptian fintech, Paymob

09 May 2022

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Ko…

Read more »

Kuramo Capital makes US$10 Million commitment to Uhuru Fund I

07 May 2022

Kuramo Capital Management (“Kuramo”), a Sub-Saharan Africa focused investment management firm, is pleased to announce its US$10 million commitment to Uhuru Growth Fund I (“UGF”). UGF is a middle market private equity fund launched by Uhuru Investment Part…

Read more »

EXEO Capital acquires stake in SA's only manufacturer of animal active pharmaceutical ingredients

04 May 2022

The local pharmaceutical industry has the ability to make a significant contribution to South Africa’s gross domestic product as well as Africa’s broader socio-economic landscape. There are, however, very few examples of successful home-grown pharmaceutic…

Read more »

IFU et al. in US$15.5mn deal to back Africa GreenCo

04 May 2022

Lusaka, Zambia: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), the Danish Investment Fund for Developing Countries (IFU) and the EU-funded Electrification Financing Initiative (EDFI ElectriFi) have together committed US$15.5m…

Read more »

Future Africa, Wuri Ventures et al. back Norebase

04 May 2022

Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion ma…

Read more »

AVCA HOSTS SECOND VENTURE CAPITAL SUMMIT & ANNOUNCES NEW BOARD CHAIR, VICE CHAIR & COMMITTEE MEMBERS

04 May 2022

4 May 2022, Dakar: Following the African Private Equity and Venture Capital Association's (AVCA) successful 18th Annual Conference, held from Tuesday 26th - Wednesday 27th April, the association introduced its second Venture Capital (VC) in Africa s…

Read more »

18ème conférence annuelle de l’AVCA : Plus de 50 pays et 500 investisseurs attendus à Dakar….

01 May 2022

Dakar est à l’honneur d’accueillir la 18ème conférence annuelle de  l’Association africaine du capital-investissement et du capital-risque (AVCA), plus de 500 leaders du capital-investissement de plus de 50 pays à travers le monde vont se réunir durant …

Read more »

18ème conférence annuelle de l’AVCA : Plus de 50 pays et 500 investisseurs attendus à Dakar….

01 May 2022

Dakar est à l’honneur d’accueillir la 18ème conférence annuelle de  l’Association africaine du capital-investissement et du capital-risque (AVCA), plus de 500 leaders du capital-investissement de plus de 50 pays à travers le monde vont se réunir durant …

Read more »

Africa Finance Corporation attracts new equity from Ghana, Sierra Leone and Seychelles

28 April 2022

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, announces a boost to its shareholder capital after receiving US$35.5 million in equity investments from the Seychelles Pension Fund (SPF), the Government of Sierr…

Read more »

Wealth Fund Seeks to Invest Some of Senegal Oil Windfall Abroad

28 April 2022

Country to allocate 10% of future oil and gas revenues to fund West African economy is expected to start production next year Senegal’s sovereign wealth fund is considering investing in neighboring countries after it starts receiving…

Read more »

AVCA conference: ‘Private capital in Africa at a crossroads’

28 April 2022

Papa Madiaw Ndiaye of AFIG Funds, Tokunboh Ishmael of Alitheia Capital, Senegalese minister Amadou Hott of Senegal, and Abi Mustapha-Maduakor of the African Private Equity and Venture Capital Association (AVCA). Photo: Supplied/Ventureburn "World-c…

Read more »

IFC creates loan to finance construction of green buildings

27 April 2022

The International Finance Corporation (IFC) will provide a R600 million (~$42m) loan package to Business Partners to finance the construction of green buildings. This is the IFC’s first loan in South Africa that is exclusively dedicated to green lending …

Read more »

Norfund Invests in Cashew Processor in Cote d’Ivoire

26 April 2022

Norfund is investing USD 10 million to finance a cashew processing plant in Cote d’Ivoire. Processing of cashew nuts is expected to create 2000 new jobs.  Valency International Trading SARL (“Valency CIV”) is a subsidiary of Singapore-based Valency Inter…

Read more »

BluePeak Private Capital invests up to US$15m in Africure

26 April 2022

BluePeak Private Capital has agreed to invest up to $15m in Africure, a pan-African manufacturer and distributor of quality pharmaceutical goods.   Fulton Shiundu, Principal at BluePeak Private Capital, said: "Africure is a trusted manufacturing and dis…

Read more »

IFU invests in clean cooking fund

26 April 2022

The new fund, Spark+ Africa Fund, will aim investments at the health and climate challenges facing the rural population in Africa by replacing the current use of open fires, charcoal and kerosene for cooking with healthier and cleaner alternatives. IFU in…

Read more »

Nigeria attracts most PE, VC investments in Africa

26 April 2022

Nigeria’s fintech sector attracted the highest private equity and venture capital deals in the last five years, according to data obtained from Africa Private Equity and Venture Capital Association (AVCA). Driven by venture capital deals and in…

Read more »

DOUBLING PRIVATE CAPITAL INVESTMENTS IN AFRICA

26 April 2022

Record-breaking private capital deals were made in Africa last year.   In 2021, Investors pumped in $7.4 billion—118% more than the $3.4 billion invested in 2020. The report by the African Private Equity and Venture Capital Association (AVCA) attribut…

Read more »

Private capital flow into Africa more than doubled from 2020 to 2021

25 April 2022

By Tom Collins Published April 25, 2022 Investors pumped record amounts of private equity and venture capital into Africa last year, according to a new report by the African Private Equity and Ventur…

Read more »

CONFERENCE AVCA OUVERT PAR LE MINISTRE DE L’ÉCONOMIE, DU PLAN ET DE LA COOPÉRATION AMADOU HOT

25 April 2022

50 pays, 500 investisseurs à Dakar après 2 années de rupture des suites de la pandémie Covid 19, c’est ce qu’ont compris les investisseurs venus à cette conférence D’AVCA pour revoir les stratégies et les secteurs dans lesquels les investissements doivent…

Read more »

FBNQuest Funds exits MainOne Investment to Equinix Inc

20 April 2022

Lagos – April 2022 – FBNQuest, the investment banking, and asset management subsidiary of FBN Holdings Plc is pleased to announce the divestment of its stake in MainOne Cable Company (“MainOne”) to Equinix Inc. In 2009, FBNQuest Funds Limited (“FBNQuest …

Read more »

Norfund makes US$8mn investment in 1K1V's Redsun Dried Fruit and Nuts

20 April 2022

Norfund, a Norwegian Investment Fund for Developing Countries, has invested $8 million South Africa-based raisin processor and distributor Redsun Dried Fruit and Nuts (“Redsun”), a portfolio company of One Thousand and One Voices (1K1V). Redsun, locate…

Read more »

African startups drew record US$5.2bn in venture capital last year, industry group says

19 April 2022

JOHANNESBURG, April 18 (Reuters) - African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry…

Read more »

African startups get record funding as analysts warn UK investors are missing out

19 April 2022

Moove bagged $105m recently to scale its vehicle financing product CITY AM: African startups received record funding last year as international venture capital poured into the continent’s booming tech sector – but analysts have warned UK inve…

Read more »

IFC Invests in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

10 April 2022

Cairo, Egypt, April 10, 2022—To support tech startups with access to finance and drive innovation and job creation primarily in Egypt, IFC today announced an investment in the second fund from venture capital firm Algebra Ventures. IFC's $15 million inve…

Read more »

Leapfrog sells 30% of its shareholding in Goodlife Pharmacies

07 April 2022

Eurapharma, CFAO’s healthcare division, becomes a significant minority shareholder in the leading East African pharmacy chain and digital health platform Synergies between Eurapharma’s wholesale operations and Goodlife’s retail distribution network to …

Read more »

BluePeak’s Inaugural Fund Announces Second Investment in ieng

04 April 2022

BluePeak Invests in ieng BluePeak Private Capital’s investment supports ieng’s strategic objective to: Expand its presence across the continent Increase and improve mobile and internet connectivity in Africa through: (i) reliable servic…

Read more »

April Industry News

04 April 2022

A collection of news across the African private equity and venture capital industry | XSML reaches hard cap for African Rivers Fund III at USD 85 million XSML, a fund manager active in Central & East Africa, has reached the hard cap for its African …

Read more »

Verod Capital confirms acquisition of minority stake in Medplus

01 April 2022

Following an earlier report by Nairametrics on the acquisition of a minority stake in Medplus Limited (Medplus) by Verod Capital Limited Management, the private equity firm has confirmed that it has indeed completed the acquisition of a significant minori…

Read more »

LeapFrog sells part of Goodlife Pharmacies stake

29 March 2022

Eurapharma, CFAO’s healthcare division, becomes a significant minority shareholder in the leading East African pharmacy chain and digital health platform Synergies between Eurapharma’s wholesale operations and Goodlife’s retail distribution network t…

Read more »

Kasada Acquires Iconic Cape Grace Hotel in Cape Town, South Africa

24 March 2022

Kasada Acquires Iconic Cape Grace Hotel in Cape Town, South Africa   Transaction marks Kasada’s first acquisition in South Africa The Cape Grace is one of the continent’s most recognised hotels Renovation will be guided by high ESG standards PORT…

Read more »

Meridiam signs the contract for the first electric bus in Africa in Dakar

21 March 2022

Meridiam has just signed the concession contract for the Bus Rapid Transit (BRT) project in Dakar. This project, that Meridiam will implement with its partners Keolis and Fonsis is the first of its kind in Africa[1], and represents a total investment of m…

Read more »

Prudential Financial and LeapFrog Investments announce intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited

18 March 2022

Prudential Financial and LeapFrog Investments are backing one of Africa’s leading independent providers of financial advice, retirement, investment, and wealth management services, further deepening their presence and potential to impact people’s lives ac…

Read more »

March Industry News

01 March 2022

A collection of news across the African private equity and venture capital industry | BluePeak’s Inaugural Fund qualifies to contribute to 2X global gender finance challenge BluePeak’s 2X Challenge status demonstrates the firm’s commitment to gender-len…

Read more »

CDC/BII partners with FirstBank to support women and small business owners with a US$100m credit facility

23 February 2022

Facility to strengthen FirstBank’s commitment to gender financing with US$30 million targeted to women-owned and led businesses Partnership will enhance funding to local SMEs to boost growth and promote financial and social inclusion across Nigeria Th…

Read more »

DEG’s new business 2021 above previous year's level at EUR 1.5 billion

21 February 2022

• Mobilised funds increase by 30%• New commitments in Latin America rise significantly• New business strategy: even stronger focus on impact and climate DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH can report a successful financial year …

Read more »

CDC/BII appoints four new managing directors

16 February 2022

London, 15 February 2022 - CDC, the UK’s development finance institution that will soon be renamed British International Investment (BII), has appointed four new managing directors. The appointments have been made as CDC/BII enters its new five year stra…

Read more »

CDC/BII provides US$30 million anchor commitment to AXIAN Telecom’s public listed bond

14 February 2022

London, 14 February 2022 - CDC Group, the UK’s development finance institution, today announced its anchor commitment of $30 million to AXIAN Telecom’s inaugural 5-year $420 million public bond offering. The company is a fast-growing provider of telecoms…

Read more »

PE firms Catalyst, Metier in partnership

03 February 2022

Private equity firm Catalyst Principal Partners has entered into a partnership with South Africa’s Metier Private Equity International in a deal that will see the latter manage two of the former’s funds worth Sh31.6 billion.

The two firms did not disclos…

Read more »

CDC establishes Ghana presence with appointment of new Coverage Director

02 February 2022

Kwabena Asante-Poku will lead the UK Development Finance Institution’s investment and stakeholder activities and presence in Ghana.  Asante-Poku's appointment and deep market knowledge supports CDC's investment drive and coverage of Ghana – Africa's 8…

Read more »

February Industry News

01 February 2022

A collection of news across the African private equity and venture capital industry | Esusu becomes unicorn with SoftBank Vision Fund 2-led US$130mn funding Esusu, a fintech that targets immigrant and minority groups and provides rent reporting and data…

Read more »

Mediterrania Capital Partners appoints Hatim Ben Ahmed as Managing Partner

26 January 2022

Valletta - Mediterrania Capital Partners (MCP), the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce the appointment of Hatim Ben Ahmed as Managing Partner of the firm…

Read more »

CDC Group beats 2020 Africa Investment Conference pledge to invest GBP2bn in Africa

20 January 2022

CDC Group reaches milestone despite upheaval caused by the pandemic Africa to remain the focus for investment over the next five-year strategy period London - 20 January 2022 - CDC Group, the UK’s development finance institution, today announced tha…

Read more »

IQ-EQ launches Hybrid Funds Desk to meet growing client and industry demand

20 January 2022

Leading global investor services provider announces new, market-leading offering for hybrid fund managers Luxembourg – January 20, 2022 – IQ-EQ, a leading global investor services provider, announced today the launch of its new Hybrid Funds Desk. The new…

Read more »

Bowmans shines at the Chamber Africa Awards

19 January 2022

Leading African law firm Bowmans has been recognised at the Chambers Africa Awards ceremony held on the 13th of January. The firm’s Kenyan practice was named Kenya Law Firm of the Year and its chairman and senior partner, Ezra Davids, was named South Afri…

Read more »

White & Case named Africa-wide Dispute Resolution Law Firm of the Year

18 January 2022

Global Law firm White & Case LLP was named "Africa-wide Dispute Resolution Law Firm of the Year" at the Chambers Africa Awards 2022, presented on January 13. The Chambers Africa Awards recognise "a law firm's pre-eminence in key jurisdictions in the …

Read more »

January Industry News

10 January 2022

A collection of news across the African private equity and venture capital industry | Kerry Group acquires Rwanda-based food flavouring company Afribon  The Kerry Group has expanded its footprint in Africa following its acquisition of Rwanda-based Afrib…

Read more »

Malachy McAllister appointed as Chief Executive Officer of AfrAsia Bank

08 December 2021

AfrAsia Bank is pleased to announce that Malachy McAllister has been appointed as its new Chief Executive Officer, effective 03 December 2021. An experienced banker with a strong commercial, financial and operational track record, Malachy brings over 32…

Read more »

Mediterrania Capital Partners elects two new partners

07 December 2021

02-12-2021 - Valletta: 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 the promotion of Rajaa Berrkia and Mohamed Ali Abdelhak t…

Read more »

African Development Bank and IFC partner to advance economic development in Lusophone African countries

01 December 2021

The African Development Bank and IFC, a member of the World Bank Group, signed a partnership agreement admitting IFC as the first institutional partner to the Development Finance Compact for Portuguese-Speaking Countries of Africa, or the Lusophone Compac…

Read more »

Verod Capital appoints new Head of Investor Relations and Communications

22 November 2021

Verod Capital Management Limited (“Verod”) is pleased to announce the appointment of Ori Rewane as its new Head of Investor Relations & Communications. Ori is a seasoned investor relations specialist with over 18 years of international and domestic…

Read more »

Helios Investment Partners and InfraCo Africa join forces to set up a new climate-focused investment vehicle for Africa

04 November 2021

Glasgow, United Kingdom: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) and Helios Investment Partners (Helios) are working together to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR).…

Read more »

CDC Group and Norfund propose innovative partnership with New Forests to raise US$500mn for sustainable forestry across sub–Saharan Africa

03 November 2021

CDC Group (“CDC”), the UK’s development finance institution; Finnfund, the Finnish Fund for Industrial Cooperation; Norfund, the Norwegian Government’s investment fund for developing countries; and New Forests, a global investment manager focusing on sust…

Read more »

Helios-backed Starsight becomes first Nigerian energy provider to be carbon credit certified

01 November 2021

Starsight Energy has become the first renewable energy company in Nigeria to secure carbon credit accreditation. Backed by Helios Investment Partners, the largest Africa-focused private investment firm, Starsight is a leading African Commercial & Indu…

Read more »

Thoughts on the Andela unicorn round

29 October 2021

Andela has recently announced a US$200mn Series E financing round led by SoftBank at a pre-money valuation of US$1.5bn.   The relevance of this event for the African venture capital ecosystem is significant from several perspectives.   First and foremos…

Read more »

Convergence launches 2021 State of Blended Finance report

28 October 2021

The State of Blended Finance 2021 is the fifth edition of Convergence's flagship annual report. The report uses Convergence's proprietary blended finance data to provide an updated analysis of the blended finance market, including blending approaches, sec…

Read more »

Oxford Business Group et HEC Paris publient un rapport sur le capital-investissement et le capital-risque en Afrique

28 October 2021

Paris, Octobre 2021 - Une version française du rapport « Private Equity & Venture Capital in Africa - Covid-19 Response Report » produite par Oxford Business Group (OBG) en collaboration avec l’African Private Equity and Venture Capital Association (A…

Read more »

VC and PE professionals launch Association in Ghana

28 October 2021

Venture Capital (VC) and Private Equity (PE) practitioners in Ghana rallied together to launch the Ghana Venture Capital and Private Equity Association (GVCA) at an event attended by industry players, government officials, development finance personnel, regu…

Read more »

FMO and CDC Group partner with AgFunder to launch African AgriFoodTech news & research platform

26 October 2021

The Hague, London, San Francisco, 26 October 2021 - FMO and CDC Group have partnered with AgFunder to launch a dedicated African agrifoodtech news and research platform. AFN Africa will research and report on new startups, technologies and investments in …

Read more »

DEG supports electric mobility in Uganda

25 October 2021

Changing the way we travel and commute is an important issue – not just for Germany. In Africa too, planners are thinking about how to handle the increasing traffic. More and more people are using cars or motorbikes for private transportation to get aroun…

Read more »

Ambit Partners and CrossBoundary Group form strategic partnership

12 October 2021

Ambit Partners is a dedicated global Search Fund investor, whose mission is to enable entrepreneurship via acquisition in markets around the world by investing in exceptional entrepreneurs to find, buy and build enduring businesses. CrossBoundary Group is…

Read more »

Mauritius: Update to Securities Act aims to encourage investment and economic growth

09 October 2021

Written by Fazil Hossenkhan (Managing Partner, Moka, Mauritius) and Nafiisah Jeehoo (Associate), Bowmans Companies in the capital markets and private equity space are likely to benefit from the coming into force of the Mauritius Securities (Amendment) Ac…

Read more »

CDC Group releases Emerging Economies Climate Report 2021

07 October 2021

The international investment community need to do more to support countries most vulnerable to climate change, say business leaders in Africa and South Asia All investments in businesses in emerging economies need to support UN’s SDGs Entrepreneurs an…

Read more »

Weekly Digest 10

06 October 2021

A collection of news across the African private equity and venture capital industry | DPI raises one of the largest Africa funds at US$900mn to invest in innovation-led companies Development Partners International (DPI) announced that the African Develo…

Read more »

Weekly Digest 9

29 September 2021

A collection of news across the African private equity and venture capital industry | ReelFruit raises US$3mn in Series A funding round led by Alitheia Capital Alitheia IDF led the round and invested US$2mn while other investors included Samata Capital …

Read more »

Weekly Digest 8

22 September 2021

A collection of news across the African private equity and venture capital industry | Cartona raises US$4.5mn in funding  Cartona, the Egypt-based B2B platform connecting retailers to manufacturers and wholesalers, has successfully raised US$4.5mn in it…

Read more »

KfW Development Bank and Sahel Capital launch US$24mn Social Enterprise Fund for Agriculture in Africa (SEFAA)

21 September 2021

Sahel Capital is pleased to announce the launch of the Social Enterprise Fund for Agriculture in Africa (SEFAA). Sahel will act as investment adviser to the US$24 million fund sponsored by the German development bank, KfW. SEFAA is an impact fund with the…

Read more »

Africa Finance Corporation plans US$500mn infrastructure climate-resilient fund under newly created asset management division, AFC Capital Partners

15 September 2021

As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF). AFC C…

Read more »

Weekly Digest 7

15 September 2021

A collection of news across the African private equity and venture capital industry | SunFunder invests US$4mn into off-grid solar company SunFunder, which provides debt financing for solar enterprises working in emerging and frontier markets, announced…

Read more »

On Nigeria's National Information Technology Development Agency (NITDA) Bill and its impact on investors

15 September 2021

Written by Bukola Bankole (Partner) and Genevieve Henshaw (Senior Associate), The New Practice (TNP) A few weeks ago, news of the leaked National Information Technology Development Agency Bill (the “Bill”) was all over the internet with its key provisi…

Read more »

Request for Proposal: Development of a framework and recommended actions for development finance institutions (DFIs)

14 September 2021

Title of RFP Gender and the intersectionality of various forms of social underrepresentation: development of a framework, an approach and recommended actions for development finance institutions (DFIs) RFP Submission dates Expression of Interest: Sep…

Read more »

Old Mutual Alternative Investments to expand impact in developing markets with Augment Infrastructure joint venture

08 September 2021

Old Mutual Alternative Investments (OMAI), Africa’s largest alternative investment manager, acting through its subsidiary, African Infrastructure Investment Managers (AIIM), is pleased to announce its joint venture partnership with Augment Infrastructure …

Read more »

Weekly Digest 6

08 September 2021

A collection of news across the African private equity and venture capital industry | Cropnuts, backed by DOB Equity, launches AgViza, a new disruptive AI platform, designed to make soil testing more affordable for African farmers Crop Nutrition Laborat…

Read more »

Egypt becomes Africa Finance Corporation's 32nd Member State with a potential of US$1bn of investments

06 September 2021

Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions prov…

Read more »

Africa Finance Corporation receives a US$100mn loan from India Exim Bank to spur post-Covid recovery

01 September 2021

Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has received a US$100 million credit line from the Export-Import Bank of India (India Exim Bank) to develop the critical infrastructure required to rebuild A…

Read more »

Weekly Digest 5

01 September 2021

A collection of news across the African private equity and venture capital industry | Sequoia Heritage, Stripe and others invest US$200mn in African fintech Wave at US$1.7bn valuation Wave, the U.S. and Senegal-based mobile money provider, has raised US…

Read more »

AVCA announces blended training academy to upskill Africa-focused private capital professionals

25 August 2021

London, August 25, 2021: To bolster economic and social growth in Africa, the African Private Equity and Venture Capital Association (AVCA) has announced the establishment of the AVCA Training Academy (“AVCA Academy”) to provide private investment profe…

Read more »

Weekly Digest 4

25 August 2021

A collection of news across the African private equity and venture capital industry | OPay raises US$400mn in a funding round led by SoftBank Chinese-backed and Africa-focused fintech company OPay raised US$400mn in new financing led by SoftBank Vision …

Read more »

Weekly Digest 3

18 August 2021

A collection of news across the African private equity and venture capital industry | Acumen closes US$58mn impact fund, the first to drive climate adaptation for smallholder farmers The Acumen Resilient Agriculture Fund (ARAF) closed in June 2021. This…

Read more »

Weekly Digest 2

11 August 2021

A collection of news across the African private equity and venture capital industry | Old Mutual PE fund backs Malawian macadamia producer Africa Merchant Capital (AMC) Advisory advised the management team at Gala Agriculture Company, a macadamia planta…

Read more »

The growing popularity of Foundations in Africa

06 August 2021

Written by Akshay Asgarally, Associate Director - Business Development, IQ-EQ In recent decades, estate planning and asset protection vehicles have seen a significant boost in popularity amongst High Net Worth Individuals (HNWI) in Africa. The estimated …

Read more »

Weekly Digest 1

04 August 2021

A collection of news across the African private equity and venture capital industry | Pearl Capital Partners' invests US$2.5mn in Pura Organic Agro Tech Ltd Yield Uganda Investment Fund (Yield Fund), which is managed by Pearl Capital Partners, has annou…

Read more »

Africa Finance Corporation appoints Kirstine Damkjaer, ex-CEO of Danish Export Credit Agency, to its Board

15 July 2021

Ms Damkjaer joins the Board of Directors as an independent non–executive director. Africa Finance Corporation, the leading infrastructure solutions provider in Africa, has appointed to its Board of Directors, Kirstine Damkjaer, the former Chief Executive…

Read more »

CDC Group announces US$50 million trade finance facility with Ecobank as part of its Covid-19 response

15 July 2021

Provides systemic liquidity and supports vital supply chains across Africa’s markets Sustains and increases access to goods and services during the pandemic Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Faso an…

Read more »

Actis and Convergence Partners appoint Jasper Lankhorst as CEO of their pan-African data centre platform

15 July 2021

Ex-Global Switch Managing Director to lead data centre platform expansion as Africa’s data demand accelerates. Actis, the global sustainable infrastructure investor, and Convergence Partners have appointed Jasper Lankhorst as the CEO of the group’s pan-A…

Read more »

IFC, EIB, DFC and AFD join forces to boost COVID-19 vaccine production via Senegal-based vaccine manufacturer, IPD

09 July 2021

To scale up the manufacturing of COVID-19 vaccines in Africa, IFC announced a collaboration with the Institut Pasteur de Dakar (IPD), a vaccine maker and non-profit healthcare foundation mandated to support public health improvements in Africa. IFC and f…

Read more »

Why discretionary family trusts are great for asset protection and estate planning

05 July 2021

As the world continues to navigate its way through Covid-19, many are concerned about taking care of their loved ones should the worst come to pass. Indeed, the pandemic has brought asset protection and estate planning to the forefront of financial planni…

Read more »

IFC, Proparco, DEG and DFC support South African COVID-19 vaccine maker, Aspen

30 June 2021

To support the development of vaccines for African countries, IFC, the French Development institution Proparco, DEG - the German development finance institution, and the U.S. International Development Finance Corporation (DFC) today announced a joint fina…

Read more »

FMO appoints Michael Jongeneel as Chief Executive Officer

24 June 2021

Linda Broekhuizen rounds off career at FMO Huib-Jan de Ruijter to be appointed as Chief Investment Officer Fatoumata Bouaré to be appointed for second term as Chief Risk & Finance Officer Koos Timmermans to be appointed for second term in the Sup…

Read more »

CDC-backed Globeleq breaks ground on pioneering solar and storage power project in Cuamba, Mozambique

14 June 2021

Globeleq, Africa’s independent power producer, and the Private Infrastructure Development Group (PIDG), the infrastructure development and finance organisation, announced that it had officially broken ground on the pioneering 19MWp solar and 7MWh storage …

Read more »

G7 Development Finance Institutions and multilateral partners to invest over $80 billion into African businesses over the next five years

14 June 2021

The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD and the European Investment Bank today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable eco…

Read more »

Driving change and positive outcomes through deal documentation

09 June 2021

The critical role of development finance institutions (DFIs) in helping to achieve the Sustainable Development Goals is well documented (see additional resources below). As a DFI, FinDev Canada’s mission is impact-driven as we seek to deploy and mobilise …

Read more »

New IFC research finds that women can add over US$14.5bn to e-commerce market in Africa

27 May 2021

Africa's e-commerce market could grow by more than US$14.5bn between 2025-2030, according to an IFC report published in May 2021. The report finds this can be achieved by increasing the number of women selling on online platforms and by providing them w…

Read more »

EIB and OeEB launch EUR100mn African private sector COVID-19 resilience investment initiative

26 May 2021

Entrepreneurs and businesses most impacted by economic, health and social challenges triggered by COVID-19 will be able to benefit from a new EUR100mn private sector financing initiative backed by (OeEB), the Development Bank of Austria, and the European …

Read more »

FMO and DFC launch US$75mn co-financing facility to boost Covid-19 response in developing countries

21 May 2021

Collaboration will bring much-needed liquidity to businesses in developing countries impacted by the pandemic FMO, the Dutch entrepreneurial development bank, and U.S. International Development Finance Corporation (DFC), today announced the DFC-MASSIF CO…

Read more »

Collaboration is vital to increase the resilience of economies threatened by the climate crisis

12 May 2021

The case for accelerating investment in climate adaptation and resilience is clear. The latest scientific evidence shows the significant impact of climate change on economies, communities and natural systems. We know that increases to a global temperatu…

Read more »

Kofo Sanusi appointed Chief Operating Officer

10 May 2021

We are pleased to announce the appointment of Kofo Sanusi as the Association’s new Chief Operating Officer. Kofo brings over a decade of experience in strategic business and operational planning, and financial management. She has worked across Africa, …

Read more »

DFIs including Proparco and IFC to support private sector development in DRC

07 May 2021

Fifteen Development Finance Institutions (DFIs) operating in the Democratic Republic of Congo (DRC) met and vowed to work closely together to support the country’s private sector. Following the global DFI Fragility Forum in Oxford, held in 2019, DFIs and…

Read more »

TLcom Capital Founder discusses need for greater investment in Africa

28 April 2021

Ally Mwakaneno of Kenya Wall Street talks to TLcom Founder and Managing Partner Maurizio Caio on the characteristics of a great investment, why Africa’s young startup ecosystem needs more venture capital, and what is likely to be the next giant after fint…

Read more »

IFC in partnership to help African healthcare providers access essential medical equipment

14 April 2021

IFC, a member of the World Bank Group, today launched partnerships with leading health technology company Philips and the Co-operative Bank of Kenya to help smaller businesses in Africa's health sector purchase essential medical equipment and strengthen t…

Read more »

Dentons to combine with ACAS-Law in Nigeria

01 April 2021

April 1, 2021 - Dentons, the world's largest law firm, is announcing today a combination with leading law firm, Adepetun, Caxton-Martins, Agbor & Segun ("ACAS-Law") on the 30th anniversary of the Nigerian firm’s founding. The combination will give Den…

Read more »

FinDev Canada appoints Lori Kerr as Chief Executive Officer

16 March 2021

The Board of Directors of FinDev Canada is pleased to announce the appointment of Lori Kerr as Chief Executive Officer.  A Canadian national, Ms. Kerr is a widely experienced development finance specialist with more than two decades of leadership in inte…

Read more »

LeapFrog Investments strengthens healthcare team with Dr Biju Mohandas' appointment

24 February 2021

Nairobi, 24th February 2021: LeapFrog Investments, the Profit with Purpose investment firm, has bolstered its global healthcare team with the appointment of Dr Biju Mohandas. He will serve as Partner and Global Co-Lead for Healthcare, alongside partners…

Read more »

Resilience, resurgence and results in 2021

04 February 2021

As the first quarter of 2021 is fully underway, there is a widespread hope that this year will mark the beginning of economic recovery and the transition to a smarter future driven by data, technology adoption, cross-country and cross-sector collaboration…

Read more »

Stronger financial systems create better jobs

02 February 2021

Last year, the World Bank argued that Africa is well-positioned to take advantage of new digital technologies — if governments can encourage innovation and investment to flow, including by increasing access to finance. This, the report argues, will unleas…

Read more »

Ethos secures advisory contract for Ninety One’s Africa private equity funds bolstering its pan African platform

15 December 2020

Ethos Private Equity (“Ethos”), one of Africa’s leading alternative asset managers, today announced an agreement with JSE and LSE-listed investment manager Ninety One, to take on an advisory contract for Ninety One’s Africa Private Equity funds, effective…

Read more »

Nieros Oyegun Soerensen joins Verod as Principal and Chief Operating Officer

01 December 2020

Verod Capital Management Limited (“Verod”), a leading West African private equity firm, today announced the hiring of Nieros Oyegun Soerensen as a Principal and the firm’s Chief Operating Officer. Nieros brings over 15 years of rich finance and leadershi…

Read more »

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 »

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 »

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 »

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 »

@idriselba LIVE on #IFCExchange: "Phone's become [people's] lifelines [...] If creativity can be right in the hands… https://t.co/j6x4SU5zdd

@idriselba LIVE on #IFCExchange: "One of the key things about helping people is not giving #charity, but giving sy… https://t.co/HzonD9TB19

RT @SonghaiAdvisory: Excellent report by @AVCA_Africa on #Africa's private capital ecosystem. The continent raised USD4.4bn last yr, 4 time…

RT @tolushola: Recent data from the @AVCA_Africa show that African start-ups attracted a record $5.2 billion in venture capital last year,…

@BritishIntInv & @Citi agree US$100mn risk-sharing facility, to unlock supply chain finance for #Africanbusinesseshttps://t.co/XVMYGDVmiH