Fundraising

Alitheia IDF receives US$10mn commitment from the Soros Economic Development Fund (SEDF)

08 May 2020

The Open Society Economic Justice Program, via its impact investing arm, the Soros Economic Development Fund (SEDF), has committed $15 million to two women-led investment funds that advance economic and gender equity. These investments—US$10mn in Alithei…

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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

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Mediterrania Capital Partners reaches EUR286 million final closing for Mediterrania Capital III, its third fund for Africa

21 April 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 it has reached a EUR286 million final closing for its third fund for Africa, Mediterrania Capital…

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Institutional investors are all rational, but they’re not the same

16 April 2020

Written by Ladé Araba, Managing Director, Africa at Convergence Finance Twitter handle: @LDAraba  Institutional investors have become increasingly open to non-traditional, high yield investment opportunities as they grapple with low yield environments…

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CNBC Africa interviews AVCA’s Head of Research and Training

11 March 2020

CNBC Africa discusses the findings of our new African Private Equity Industry Survey with Enitan Obasanjo, AVCA’s Head of Research and Training. Watch it here

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Fintech TerraPay raises $9.6 million from IFC and Partech

03 March 2020

TerraPay announced today that a consortium of investors, including Prime Ventures, Partech Africa and management acquired the company for an undisclosed sum. In addition, the same investors, joined by IFC, invested US$9.6 mn in TerraPay to fund the compan…

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FMO invests US$2.8mn into Acumen's Pioneer Energy Investment Initiative

17 February 2020

FMO recently invested US$ 2.8mn into Acumen’s Pioneer Energy Investment Initiative (PEII), surpassing the PEII’s goal of raising US$20mn to bridge the funding gap in off-grid energy and accelerate energy access across the developing world. With the PEII,…

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Partech leds US$2mn Seed Round Investment in Gebeya inc.

06 February 2020

Encouraging further development of the African tech scene, the online software outsourcing Marketplace company Gebeya have secured a $2 Million dollar seed round investment co-led by Partech and Orange Digital Ventures and followed by Consonance Investmen…

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AIIF3 two-thirds invested

05 February 2020

African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments, has revealed that two-thirds of its AIIF3 fund is already committed to a div…

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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…

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CDC announces US$39.2 million investment to bolster access to finance for SMEs in West Africa

20 January 2020

CDC Group, the UK’s publicly owned impact investor, has announced the commitment of US$39.2 million to support SMEs in West Africa. CDC is backing Verod Fund III and Adiwale Fund I, West-African based private equity funds targeting SMEs in the region, wit…

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CDC Group makes US$15mn commitment to TLcom’s TIDE Africa Fund

20 January 2020

CDC Group, the UK’s development finance institution and impact investor, has committed US$15mn to TLcom’s TIDE Africa Fund to support early-stage high-growth start-ups across sub-Saharan Africa (SSA). With a presence in the key financial hubs of Lagos an…

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CDC Group invests US$20mn in Metier Sustainable Capital II Fund

20 January 2020

CDC Group, the UK’s development finance institution and impact investor, has made a US$20mn commitment to the Metier Sustainable Capital II fund. The South African private equity fund will provide growth capital to renewables and resource efficiency proj…

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UK’s impact investor invests to support entrepreneurs in North Africa

20 January 2020

CDC Group plc (“CDC”), the UK’s development finance institution and impact investor, has announced a EUR25mn commitment to Mediterrania Capital Partners III (MCP III), a generalist fund primarily targeting investments in North Africa. North Africa is hom…

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Proparco commits US$10mn into Metier Sustainable Capital International Fund II

15 January 2020

Through a US$10mn commitment to Metier Sustainable Capital International Fund II, Proparco will continue its support of renewable energy, resource efficiency and energy efficiency projects in Africa. South Africa-based investment manager Meti…

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African Development Bank approves US$20mn investment into Metier Sustainable Capital International Fund II

07 January 2020

The Board of Directors of the African Development Bank has approved a US$20mn investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Af…

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FMO commits US$15mn to Metier Sustainable Capital Fund II

20 December 2019

FMO has approved a US$15mn equity investment into the Metier Sustainable Capital Fund II. To find out more, please click here.

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FMO makes its first investment in Democratic Republic of Congo’s financial sector

18 December 2019

Access Bank loan supports creation of new jobs with strong emphasize on environmental and social safeguards Dutch entrepreneurial development bank FMO is pleased to announce the signing of a USD 10mln senior unsecured loan with Access Bank in the Democra…

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Verod Capital Management Closes Fund III at US$200mn

18 December 2019

Verod Capital Management (Verod) is pleased to announce the final close of Verod Capital Growth Fund III LP (Verod Fund III), exceeding the initial target, as well as the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II). Verod…

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Metier Sustainable Capital Fund II (MSC II) first closing at US$113mn

16 December 2019

Metier has received US$113mn in commitments and has called the first close of its second Sustainable Capital Fund, MSC II. The fund will strengthen renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. “MSC II…

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Consonance Investment Managers invests in Commodities Exchange, AFEX

12 December 2019

AFEX Commodities Exchange Limited (AFEX), a market-leading commodities exchange in Nigeria, today announced it has secured an investment for an undisclosed amount from Consonance Investment Managers, a Sub-Saharan Africa focused early-stage and growth inv…

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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…

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Swedfund strengthens the support of African companies through investment in African Development Partners III

04 December 2019

Sweden's development financial institution Swedfund has invested US$15 mn in the African Development Partners III fund. With this investment, Swedfund sees an opportunity to continue to contribute to the sustainable development and growth of more companie…

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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…

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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…

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SIFEM invests EUR7mn into Cathay AfricInvest Innovation Fund

11 November 2019

SIFEM has approved a EUR7mn commitment into AfricInvest's joint fund, Cathay AfricInvest Innovation Fund I. To find out more, please read here.

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TPG Growth's Rise Fund Invests in Uganda's Pearl Dairy

07 November 2019

The Rise Fund is partnering with Pearl Dairy, a market-leading dairy processing company based in Uganda, to help expand and enhance its operations The Rise Fund, a global impact investment fund managed by TPG that is committed to achieving positive socia…

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Adiwale Partners holds the first closing of Adiwale Fund I at EUR50mn

23 October 2019

Adiwale Partners, the private equity firm focusing on growth capital investments for SMEs in French-speaking West Africa, has announced the first closing of its first fund, Adiwale Fund I, LP at EUR50mn. The fund has attracted investors from Africa, Europ…

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FMO commits EUR4.40mn to AfricInvest Cathay Innovation Fund

18 October 2019

FMO has approved a EUR4.40mn investment into AfricInvest and Cathay's joint innovation fund.  To find out more, please click here.

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EIB approves US$25mn equity commitment into Blue Orchard Resilience Fund

16 October 2019

EIB has approved a US$25mn equity commitment into Blue Orchard Resilience Fund.  To read more, please click here.  -END-

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EIB approves US$50mn investment into DPI's African Development Partners III fund

15 October 2019

The European Investment Bank has approved a US$50mn equity investment into DPI's African Development Partners III fund.  To find out more, please click here.

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IFC Partners with CardinalStone to Support Small and Medium Enterprises in Nigeria and Ghana

07 October 2019

IFC, a member of the World Bank Group, is investing US$10mn in CardinalStone Capital Advisers Growth Fund (CCAGF), a private equity fund launched and managed by CardinalStone Capital Advisers (CCA)- an investment management firm, to expand access to finan…

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Investec Asset Management invests KES1.3bn in affordable student housing in Kenya

04 October 2019

PIDG company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) announced on 4th October that it has completed its first project in affordable housing in Africa. It is also its first transaction denominated in local currency, the Kenyan Shilling (KE…

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Flourish Ventures leds £10mn Series Funding Round of Digital Banking Startup FairMoney

16 September 2019

FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC. Launched …

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PCP invests in Raintree Farms, an innovative agri-ceutical concept

03 September 2019

Pearl Capital Partners (PCP), though the Yield Uganda Investment Fund is proud to announce its fifth investment in Uganda by making a commitment to invest UGX 3.9bn to Raintree Farms Limited, a pioneer agri-ceutical enterprise specialising in the producti…

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AIIM Boosts R400mn Orionis Fund Solar PV Projects | AVCA

28 August 2019

A Clean Fund For the Future The SOLA Group has secured R400mn in order to build commercial and industrial solar PV facilities across Southern Africa. The renewable energy fund, Orionis, will enable 40 MW of solar PV projects to be built without capital e…

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Verod Capital Announces an Interim Close of Verod Capital Growth Fund III LP

30 July 2019

Verod Capital Management (Verod) is pleased to announce an interim close of Verod Capital Growth Fund III LP (Verod Fund III) at US$150mn, exceeding the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II).  Verod Fund III is supp…

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AIIM's AIIF3 pan-African Infrastructure Fund Closes at US$320mn | AVCA

25 July 2019

AIIF3 targets significant influence investments across the power, transport and midstream energy sectors in Sub-Saharan Africa - areas with the biggest disconnect between demand for critical infrastructure and supply of available capital. The Fund focu…

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CrossBoundary Energy Access and PowerGen Pioneer Long-Term MiniGrid Project Financing at Scale

17 July 2019

Transaction pioneers the use of project finance for rural mini-grids in Africa and provides long-term funding for 60 mini-grids bringing power to over 34,000 people Such innovative project finance solutions will be key to unlocking the US$11bn+ needed…

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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…

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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…

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EXEO Capital's Agri-Vie Fund II Closes at US$146mn

27 June 2019

Pan - African private equity manager, EXEO Capital, has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at US$146mn – showing growth of nearly 50% on the size of the first fund. Herman Marais, the Managing Partner …

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Pearl Capital Partners invests in Raintree Frams

27 June 2019

The Yield Uganda Investment Fund is proud to announce its fifth investment in Uganda by making a commitment to invest UGX 3.9Bn to Raintree Farms Limited, a pioneer agri-ceutical enterprise specialising in the production and processing of organic moringa.…

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Final Close of Climate Investor One's Stitching Development Fund and Coöperatief Construction Equity Fund U.A. at a Combined US$850mn

21 June 2019

Coöperatief Climate Fund Managers U.A. (CFM) is proud to announce the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund U.A. at a combined US$ 850 mn. Climate Investor One, with an emerging markets …

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Consonance Investment Managers leads on Seed Round for healthtech company to tackle US$1.6bn diagnostics sector in Nigeria

21 June 2019

Healthtech company MDaaS Global, which is building a network of tech-enabled diagnostic facilities in Nigeria, has closed on seed funding totaling US$1mn. Led by Consonance Investment Managers, with participation from TechStars, FINCA Ventures, an investm…

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EUR375mn Amethis Fund II Final Close Exceeds Target | AVCA

17 June 2019

Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce the final close of its second Pan-African fund, Amethis Fund II, which collected EUR 375mn from more than 70 investors in Europe and Afri…

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Inside Capital Partners announces fourth investment into Technopet Africa Limited

31 May 2019

Inside Equity Fund has committed to invest an initial US$3.75mn in Technopet as part of the company’s US$10mn+ investment plan over the next 2-3 years to expand its PET preforms production capacity. Technopet is the only PET preform manufacturer in Madaga…

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Axis launches investment platform, MIFGA

24 May 2019

Axis and Innpact have launched the first impact investing platform in Mauritius, the Mauritius Impact Finance Gateway to Africa (MIFGA). This innovative structure enables fund promoters to set-up and manage impact finance vehicles in an efficient and cost…

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The Rise Fund Invests in Healthcare Drone Delivery Service, Zipline

17 May 2019

Investment Will Help Support Zipline’s Lifesaving Service Across the Global South and Expand The Rise Fund’s Technology and Healthcare Portfolios The Rise Fund, a global impact investment fund managed by TPG Growth, today announced its investment in Zipl…

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Investec Asset Management portfolio company wiGroup completes follow-on equity financing round

10 May 2019

Investec Asset Management portfolio company wiGroup, a leader in mobile-transacting software, has completed a follow-on growth equity round. All of wiGroup’s institutional investors – Crossfin, Virgin Money, Smollan, and Investec Asset Management – have c…

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LeapFrog breaks impact investing record, with US$700mn emerging markets fund

10 May 2019

LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its US$600mn target to reach US$700mn. The new fund invests in healthcare and financial services companies – tapping into the demand f…

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AfricInvest Leds InstaDeep Series A Funding Round

03 May 2019

InstaDeep, an Enterprise AI startup, announced it has raised $7 million in Series A funding. The leading pan-African private equity firm, AfricInvest, led the investment, with participation from Endeavor Catalyst, a New York-based co-investment fund under…

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Inside Capital Partners Announces Third Investment

03 May 2019

Inside Capital Partners is pleased to announce the third investment of its first fund, Inside Equity Fund, into NSI -Reneworld ("Reneworld"), to finance the expansion plan of a leading renewable energy company in Mauritius and across the Southeast Africa …

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Kasada Capital Management raises over US$500mn for new hospitality fund dedicated to Sub-Saharan Africa

26 April 2019

Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million. This is in line with a first announcement disclosed in July 2018…

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AfricInvest and Cathay Innovation join forces to launch the leading Pan-African Venture Fund

10 April 2019

AfricInvest, a leading private equity firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, created in affiliation with Cathay Capital Private Equity, are pleased to announce today their association…

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Building Prospects: enabling high impact for people

09 April 2019

New name and mandate for the Infrastructure Development Fund (IDF) The Dutch Ministry of Foreign Affairs renewed the mandate of FMO’s Infrastructure Development Fund (IDF) and topped the fund with EUR 100 mn.  A new strategy has been formulated as part o…

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DEG finances solar power plant in South Africa

08 April 2019

Green electricity to be supplied to some 180,000 households Emerging economies need a reliable electricity supply for their economic development. However, economic growth can push electricity production to its limits, resulting in frequent power outages.…

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Kudi Secures US$5mn Series A Raise led by Partech to accelerate the growth of its distributed banks agents in Nigeria

04 April 2019

Kudi, the Nigerian leader of digital payment and collection for the cash economy, raises a Series A led by Partech and joined by Michael Seibel (YC CEO). Existing investors Khosla Ventures and YC also participated. Kudi will leverage its Series A to grow …

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Liquid Telecom has completed the agreement with CDC Group plc for the US$180mn investment into the Group

03 April 2019

Leading pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, today announces completion and receipt of an investment of US$180mn investment from CDC Group plc, the UK’s development finance institution. The investment will enable Liqu…

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EIB invests in Africa Industrialization Fund to support growth capital investments

01 April 2019

The European Investment Bank (EIB) has signed a commitment of US$15mn with the SPE Africa Industrialization I Fund (AIF I), a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies mainly in North Af…

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Britam anchors first south-south private equity fund in Africa

27 March 2019

Britam Holdings PLC has approved an anchor investment in Tiserin Capital, Africa’s first south-south private equity fund.  As a result, Britam will become an anchor shareholder in Tiserin Capital Private Equity Fund. This investment by Britam will play a …

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Verod Capital completes investment in Daystar Power in a key milestone for the West African Commercial and Industrial (“C&I”) space

21 March 2019

Anglophone West Africa focussed private equity firm, Verod Capital Management (Verod), announced that it has invested in Daystar Power Group (Daystar), a leader in developing, owning and financing Commercial and Industrial sector hybrid solar generation p…

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EIB commits EUR12.5mn to Janngo Capital Startup Fund

18 March 2019

EIB has approved the commitment of EUR12.5mn into Janngo Capital Startup Fund.  To read more, please click here.  -END-

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Amethis announces an intermediary closing of Amethis Fund II at EUR 305mn, above its original target

04 February 2019

Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce an intermediary closing of its second Pan-African fund, Amethis Fund II, which collected EUR 305mn from a broad range of investors in Eur…

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Partech announces the final closing of its Partech Africa fund above hard cap at EUR125mn

31 January 2019

Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and establishes East Africa presence. The Partech Africa Fund achieves a final closing at €125M, more than double the size of its first closing a year …

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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…

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CrossBoundary Mini-Grid Facility Announces First Close with The Rockefeller Foundation and Ceniarth

23 January 2019

Groundbreaking facility unlocking private capital for mini-grids in Africa, providing gridquality power to rural households and businesses First close on initial US$16m facility to provide power to 170,000 people Project finance solution key to unlo…

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CDC Group backs TheBoardroom Africa with £1.6mn funding to increase women’s representation in African boardrooms

22 January 2019

Partnership will bring exceptional female talent to boards and investment committees across the continent London and Accra: In a partnership to bring increased diversity to companies and organisations across Africa, CDC Group, the UK’s development financ…

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Syntaxis Africa launch ₦12bn Private Equity Fund to Bridge Financing Gap for SMEs in Nigeria

15 January 2019

It is common knowledge that Small and Medium Enterprises (SMEs) play a vital role in the development of any economy. According to the World Bank, SMEs contribute up to 60% of employment opportunities and up to 40% to the national Gross Domestic Product (G…

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FMO arranges US$32.5mn facility to enhance access to energy in Tanzania

11 December 2018

FMO and Symbiotics, a leading investment firm specialized in emerging, sustainable and inclusive finance, today announced a US$32.5mn facility for ZOLA Electric (“ZOLA”), formerly Off Grid Electric to finance the growth of ZOLA’s Tanzania operations over …

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AfricInvest Announces Maghreb Private Equity Fund IV Final Close

05 December 2018

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the final close of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). The African Development Bank joined the third and final investment round, comm…

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CDC announces US$25mn commitment to Nigerian SMEs, emphasises CDC’s plan to invest US$4.5bn in Africa

28 November 2018

CDC Group plc, the UK’s development finance institution, has today announced a commitment of US$25 million to a local fund backing small and medium-sized businesses in Nigeria. In addition, CDC will open a regional office for West Africa in Lagos in early…

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AfricInvest invests in Les Centaures Routiers, a leading freight transport and logistics company in West Africa

26 November 2018

AfricInvest, a leading Pan-African mid-cap-focused private equity firm, has invested in Les Centaures Routiers (“LCR”), the largest independent transportation company in Côte d’Ivoire. AfricInvest Fund III, the firm’s third generation Pan-African fund, w…

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Capria's Second Fund reaches Initial Close: Addressing the Global US$1trn Missing Investment Opportunity

15 November 2018

Vulcan Capital, Ford Foundation, and Omidyar Network invest in Capria’s new $100M “network fund” to gain exposure to resilient early-growth businesses in emerging markets; Capria makes first fund commitments to Adobe Capital and Fen Ventures as network-wi…

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ECP raises over US$640mn and closes fourth Pan-African Fund

15 November 2018

The largest private equity fund for African investment since September 2016, ECP Africa Fund IV attracted a broad range of public and corporate investors based in Africa, Europe, and North America. Washington, DC, November 15, 2018 — ECP announces the fi…

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Catalyst Fund II raises US$155mn successor fund for investment in East Africa

14 November 2018

Nairobi, Kenya: East African focused fund manager, Catalyst Principal Partners, has announced the close of its second Fund, achieving US$155mn (KES15.5bn) of capital commitments from leading international and regional investors, as a successor to Catalyst…

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The African Development Bank approves EUR7mn investment in Partech Africa Fund

14 November 2018

The African Development Bank’s efforts to channel critical investment funding to Africa’s entrepreneurs received a big boost on Wednesday, 18 October 2018  in Abidjan, where the Bank’s executive directors approved €7 million equity investment in Partech A…

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GTR Ventures invests in Orbitt

02 November 2018

London/Singapore – October 30 2018: GTR Ventures, the world’s first investment and venture-building platform specialised in trade and supply chain, has announced an investment in Orbitt – a pan-African focused fintech deals platform. Orbitt connects inve…

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AfricInvest announces MPEF IV second close

17 October 2018

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the second closing of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). OeEB, the Development Bank of Austria and a prominent South African fund o…

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The Rise Fund Leads $5 Million Series A Investment in SystemOne, the Digital Backbone for Infectious Disease Diagnostics

09 October 2018

SPRINGFIELD, Massachusetts.--SystemOne, the leader in global disease intelligence for rapid detection and response to infectious diseases and response, today announced a $5 million Series A investment led by The Rise Fund, a global impact investment fund …

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AfricInvest’s FIVE achieves its second close bringing Norfund, IFU and CBK Pension Fund as investors

04 October 2018

AfricInvest, a leading pan-African private equity firm, today announced the second close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…

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FMO Participates in USD 16 Million Funding Round for South African Point of Sale Payments Provider Yoco September 6, 2018

06 September 2018

FMO will co-invest USD 1.7 Million alongside Accion Frontier Inclusion Fund, managed by Quona Capital, in South African-based Point of Sale payments Provider Yoco in a joint funding round totaling USD 16 Million. It marks the first direct equity investmen…

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IFC to Invest in Capria Fund to address the US$1tn global “missing middle” investment opportunity

31 July 2018

Seattle, Washington — International Finance Corporation (IFC), the for-profit investment arm of the World Bank, has published its intent to invest up to US$13mn in Capria Fund, a new US$100mn “network fund” that actively invests in and partners with next …

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TLcom Capital raises US$40mn for new Africa tech fund

23 June 2018

Nairobi, Lagos, London - TLcom Capital (TLcom), the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE Africa Fund have hit US…

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SIFEM commits US$10mn to Ethos Mezzanine Partners III

14 June 2018

Ethos Mezzanine Partners III (EMP III or The Fund) is a sector-agnostic mezzanine debt fund aiming to provide growth capital to larger SMEs and mid-market companies in Eastern and Southern africa. The Fund targets sectors such as consumer goods, technolog…

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SIFEM commits US$10mn to Frontier Energy II

13 June 2018

Frontier Energy II (The Fund) is a renewable energy fund focused on developing, constructing and operating renewable energy generation projects, with a primary focus on hydroelectric, geothermal, wind, and solar opportunities in Kenya, Uganda, Rwanda, and…

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Africa’s Private Debt Goes Digital

31 May 2018

Africa is home to an increasing number of growth companies in need of capital. Before these businesses start tapping into sources of finance to expand operations, they must evaluate the type of  funding that suits their particular needs. There are a numbe…

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EXEO Capital backs Zambian foods distributor

21 May 2018

21 May 2018: Africa-focused private equity manager, EXEO Capital, has announced an investment of US$6.4mn into Capital Fisheries – a market-leading Zambian food distributor that specialises in the cold-chain distribution of animal proteins. Conclude…

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The Rise Fund leads US$47.5mn Series C for Cellulant, leading African digital payments provider

14 May 2018

San Francisco, Nairobi & Lagos – May 14th, 2018– The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, today announced that it has signed an agreement to acquire a stake in Cellulant, a leading digital payments pr…

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Oasis Capital Ghana Limited closes Oasis Africa venture capital fund

14 May 2018

Accra, Ghana - May 14th 2018 - Oasis Capital Ghana, a West African private equity fund manager, announces the final closing of its second fund, the Oasis Africa VC Fund (“Fund II”), at US$50.5mn at 31st December 2017. The fund will invest in Small and Med…

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Investec Asset Management and Growthpoint Properties commence partnership with IFC

09 May 2018

Growthpoint Properties and Investec Asset Management, in partnership with the International Finance Corporation (IFC), have announced the commencement of operations of their pan- African real estate investment business, Growthpoint Investec African …

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Swedfund invests in TLG Credit Opportunities Fund

02 May 2018

Swedfund invests US$10mn to enable small and medium-sized enterprises, SMEs, in sub-Saharan Africa to access growth capital and thereby expand their operations. The investment is in TLG Credit Opportunities Fund (COF). ‘Swedfund’s mission is to reduce …

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Yield Uganda Investment Fund makes maiden investment in soy processing company

29 April 2018

The Yield Uganda Investment Fund, set up with financing from the European Union and National Social Security Fund Uganda (NSSF) and managed by Pearl Capital Partners (PCP), has made its maiden investment in Uganda, committing Ushs 1.6bn to Sesaco Ltd, a s…

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IFC Venture Capital Leads US$8.6mn Series A Investment in Africa’s Talking, Supporting Disruptive Technologies in Sub-Saharan Africa

26 April 2018

IFC, a member of the World Bank Group, today announced that it led the US$8.6mn Series A equity investment in Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API startup, to enable the startup to expand its footprint across …

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TLcom Capital-led Series A, mSurvey raises US$3.5mn, eyes SA market

26 April 2018

Nairobi-based mobile survey platform mSurvey has announced that it raised $3.5-million in Series A round led by venture capital firm TLcom Capital. mSurvey CEO Kenfield Griffith told Ventureburn the round was concluded in Q1 this year. Other investors w…

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European Investment Bank and African Development Bank have agreed to support the creation of the new Development Bank of Nigeria

19 April 2018

The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The EIB has finalised a US$20mn equity s…

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Swedfund's investment in renewable electricity in Sub-Saharan Africa

13 April 2018

Sweden’s development finance institution Swedfund is investing SEK126mn in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. The investment will be used to develop, build and run power stations p…

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FMO renews commitment to Emerging Africa Infrastructure Fund

12 April 2018

EAIF raises US$385mn in new debt financing to drive five-year business plan The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), today announced that it has successfully completed its latest fundraising round, raisi…

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Alta Semper Capital Commits US$18mn to HealthPlus, West Africa’s Leading Retail Pharmaceutical Chain

27 March 2018

London, Lagos, and New York - Alta Semper partners with Nigeria’s leading retail pharmacy chain, HealthPlus: Founded in 1999 by Mrs. Bukky George, Health Plus Limited (“HealthPlus” or the “Company”) is made up of approximately 80 retail outlets, maki…

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TLcom Capital leads US$5mn financing round in Terragon to scale data and marketing technology platform for Africa

26 March 2018

Terragon, a leading mobile marketing company in Africa, said on Thursday it has closed a US$5mn funding round led by Africa-focused venture capital firm TLcom Capital, with participation from other investors.  The company announced the funding will be u…

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Cepheus announces first close of its maiden fund

01 February 2018

Cepheus Growth Capital Partners (Cepheus), a private equity firm, is pleased to announce it has successfully reached its first close at US$51mn of its Cepheus Growth Capital Fund (Fund). The Fund received strong support from three Development Finance Inst…

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Helios leads Off Grid Electric Series D funding to expand Africa footprint

18 January 2018

Off Grid Electric – a leading rooftop solar provider in Africa, where it’s known by its consumer brand Zola – today announced major growth initiatives for the company, including expansion and funding. Off Grid Electric and EDF, a global leader in low-carb…

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Mediterrania Capital Partners supports KMR Holding Pédagogique in building the largest platform of private higher education in Morocco and francophone Africa

17 January 2018

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, in conjunction with its investment partner DPI announce the acquisition of Université Internationale de Casablanca (UIC) …

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AfricInvest, FMO conclude the first close of evergreen investment fund, FIVE

20 December 2017

AfricInvest, a leading pan-African private equity firm, today announced the first close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE expects to meaningfully contribute to improved access t…

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AfricInvest announces first close of Maghreb Private Equity Fund IV

30 November 2017

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the first closing of its North African Fund (MPEF IV). The fund has received capital commitments of EUR137mn from prestigious finance institutions, and expects …

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Mediterrania Capital Partners announces first close of Mediterrania Capital III

28 November 2017

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, announces the first closing of its third capital growth fund, Mediterrania Capital III LP, at EUR103mn. Mediterrania…

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Mediterrania Capital Partners receives EUR15mn commitment from EBRD

14 November 2017

The EBRD is supporting small and medium-sized businesses in Egypt, Morocco and Tunisia with a EUR15mn equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to EUR35mn in subsequent closings. This is the thi…

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Kibo Capital Partners acquires stake in Tropigalia

08 November 2017

Kibo Capital Partners has acquired an undisclosed stake in leading Mozambican distributor, Tropigalia S.A. This marks Kibo’s fifth deal from its second fund which closed in 2016 with US$63mn in commitments. The financial details of the transaction have no…

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Old Mutual launches third international fund of funds

25 October 2017

Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, is launching its third International Private Equity Fund of Funds (International FoF III) with a target size of US$300mn.   By investing in a globally di…

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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…

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European Investment Bank invests US$10mn in Cepheus Growth Capital Fund

18 October 2017

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new US$100mn Cepheus Growth Capital Fund. The EIB’s US$10mn participation represents the first backing for an Ethiopia-focused fund and one of…

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AfricInvest acquires 14.3% stake in Britam Holdings Plc.

03 October 2017

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its AfricInvest Fund III has finalized an agreement to invest in Britam Holdings Plc (Britam), one of the leading financial services groups in East Africa.…

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AFIG Funds invests in FSDH Merchant Bank

25 September 2017

FSDH Merchant Bank, a financial services group in Nigeria, announced that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in th…

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African Development Bank approves EUR15mn investment in Mediterrania Capital Partners

22 September 2017

The Board of Directors of the African Development Bank (AfDB) has approved a EUR15mn equity investment in the Mediterrania Capital Fund III (MC III) under the management of an experienced team of Mediterrania Capital Partners (MCP) with strong transaction…

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EIB provides US$15mn to Egypt-focused Mid-Cap Fund

10 September 2017

The European Investment Bank (EIB) has signed an agreement to invest US$15mn in Egypt Mid-Cap, a generalist private equity fund targeting growth capital investments in small and medium-sized private companies located in Egypt. The fund has attracted US$85…

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Yeelen Financial Fund launches with EUR30mn

07 July 2017

Yeelen Capital initiated by Cauris Management, has achieved subscriptions in excess of EUR30mn for Yeelen Financial Fund L.P., its private equity fund dedicated to the financial sector, at the end of an initial closing held today. Yeelen Financial Fund L…

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EXEO Capital exits from Fairfield Dairy

03 July 2017

Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from one of South Africa’s most respected value-added dairy companies, Fairfield Dairy, con…

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LeapFrog invests US$180mn in Enterprise Group

26 June 2017

LeapFrog Investments, the profit-with-purpose investor in emerging markets, today announces a total investment of US$180mn in Ghanaian financial services market leader, Enterprise Group Limited (Enterprise Group). The transaction draws from a US$350mn sep…

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TLcom reaches first close for VC Fund at US$40mn

26 June 2017

TLcom Capital, the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE  Africa Fund have hit US$40mn. TIDE Africa is the first…

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Sahel Capital closes FAFIN at US$65.9mn

19 June 2017

Sahel Capital, fund manager for the Fund for Agricultural Finance in Nigeria (FAFIN), is pleased to announce the successful US$65.9mn final close of its debut fund. As part of this close, the African Development Bank, CDC Group, and the Dutch Good Growth …

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Adenia successfully closes fourth fund at EUR230mn

26 May 2017

Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, is pleased to announce the final closing of Adenia Capital (IV). After being significantly oversubscribed, the fund closed at i…

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IFC Invest in CSquared to Improve Broadband in Africa

17 May 2017

International Finance Corporation (IFC), a member of the World Bank Group, Google Inc., Convergence Partners, and Mitsui & Co. have agreed to invest up to US$100 million in CSquared, a partnership focused on deploying wholesale, carrier-neutral, open-…

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XSML Capital announces final close of African Rivers Fund at US$50mn

15 May 2017

Today, XSML, the fund manager active in Central & East Africa, announced its final close of the African Rivers Fund at US$50mn. The African Rivers Fund is XSML’s second fund under management, after its maiden fund the Central Africa SME Fund (CASF), b…

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Sahel Capital invests in Crest Agro Products

13 March 2017

Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (FAFIN) and CardinalStone Capital Advisers (CCA), a Nigerian Private Equity Fund Manager, are pleased to announce that definitive agreements have been executed for an investment…

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Private Equity in Africa steps up a gear in 2016

28 February 2017

Tuesday, 28th February 2017, London: Private equity investment in Africa continues to go from strength to strength, evidenced by a new report from the African Private Equity and Venture Capital Association (AVCA). AVCA’s 2016 Annual African Private Equity…

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Uganda’s Sindila hydropower project, led by Metier, commences construction

21 February 2017

The shareholders of the Sindila hydropower project are pleased to announce that the 5.25MW run of river project achieved financial close on 30 January 2017 and has commenced construction. The project benefits from a 20-year power purchase agreement with t…

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EXEO Capital’s Agri-Vie Fund II reaches first close

01 February 2017

EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund (Agri-Vie Fund II), focused on the food and agribusiness sector in Sub-Saharan Africa, after attracting commitments of over US$100mn – …

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AfricInvest and Bpifrance launch French African Fund

16 January 2017

AfricInvest and Bpifrance are pleased to announce the launch of the French African Fund (FFA), the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France. The fund will be ma…

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Synergy Capital Managers invests in MSY Analytics Group

02 December 2016

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in MSY Analytics Group (MSY), a technology driven professional services and data analytics company focused on increasing corporate human capital productivity and or…

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Adenia Partners launches fourth fund and holds first close

10 November 2016

Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has launched Adenia Capital (IV), its fourth follow-on fund vehicle, securing EUR180mn of LP commitments in a first closing thi…

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Capria Accelerator Fund closes at US$5.2mn

02 November 2016

Capria, a global impact investment firm focused on the “missing middle” finance opportunity by advancing the next generation of impact fund managers in emerging markets, today announced that the Capria Accelerator Fund has reached its final close at US$5.…

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Musa Group launches Namibia Mid-Cap Fund and holds first close

14 October 2016

Musa Capital Namibia, an affiliate of the South African-based company, Musa Group (Pty) Ltd, recently held the first close of its Namibia Mid-Cap Fund.  The Fund was launched with capital from the Government Institutions Pension Fund (GIPF), and is Musa G…

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DEG invests EUR10mn in clean energy fund

04 October 2016

To promote private-sector investments in clean energy in Jordan and the MENA region, DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, invests in Catalyst MENA Clean Energy Fund L.P. (Catalyst). Catalyst makes investments in renewable energy …

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Oasis Capital achieves first close at US$27mn

22 September 2016

Oasis Capital Ghana has completed the first close of its second fund, Oasis Africa VC Fund (OAF) at US$27mn. The Fund, anchored by the Dutch Good Growth Fund (DGGF) at US$5mn, has secured commitments of US$7mn from the International Finance Corporation (I…

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ACA closes US$570mn private equity fund

06 September 2016

African Capital Alliance (ACA) today announced that it has raised a total of approximately US$570mn of committed capital for its fourth private equity fund, Capital Alliance Private Equity IV Limited ("CAPE IV" or the "Fund"). As a result, ACA has become …

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CDC to launch 14Trees, a joint venture to bring low-carbon, affordable housing materials to developing countries

22 July 2016

CDC Group plc (CDC), the UK’s development finance institution, and LafargeHolcim have today announced the creation of 14Trees, a joint-venture that aims to accelerate the production and commercialization of Durabric - an environmentally-friendly, affordab…

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GEPF injects ZAR10.5bn financing towards affordable housing for government employees

18 July 2016

The Government Employees Pension Fund (GEPF,) through its investment manager Public Investment Corporation (PIC), has announced an investment commitment of ZAR10.5bn into SA Home Loans (SAHL) to facilitate housing financing for qualifying government emplo…

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Successful subsequent commitments for Metier Capital Growth Fund II

07 July 2016

Metier Capital Growth Fund II completed further closings to June 2016, raising in excess of ZAR2.5bn, with further commitments expected by final closing. The fund is the successor fund to the Capital Growth Fund of 2006/7 which invested in eight portfoli…

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Alitheia Identity secures additional funding from US-based investor and accelerator, Capria

29 June 2016

Alitheia Identity Managers (Alitheia Identity) announced a partnership with Capria Ventures (Capria), a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets. Female entrepreneurs, women-le…

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Actis raises over US$500mn for new African real estate fund

03 June 2016

Actis, a leading growth markets investor, has announced that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than US$500mn, comfortably exceeding it…

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IFC backs African real estate company, Growthpoint Investec

19 May 2016

IFC, a member of the World Bank Group, today announced an investment commitment of US$40mn in equity to Growthpoint Investec African Properties Limited, a property investment holding company led by Investec Asset Management and Growthpoint Properties. It …

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CDC Group acquires 10.7% stake in I&M Holdings Ltd

27 April 2016

CDC Group plc (CDC), the UK’s development finance institution, has announced it will take a 10.68 per cent equity stake in the Nairobi-headquartered banking group I&M Holdings (IMHL). The investment underlines CDC’s commitment to supporting lending to…

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Mediterrania Capital Partners enters the retail clothing business in the Maghreb region

27 April 2016

Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces the acquisition through its second fund (“MC II”) and alongside Euromena III (the latest of …

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PCM Capital backs Surfline Communications

12 April 2016

PCM Capital Partners has announced a EUR5mn equity investment by its maiden fund the West Africa Emerging Markets Growth Fund (WAEMGF) in Surfline Communications Limited (Surfline). Surfline is the leading provider of 4G LTE data and other related service…

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AfDB backs Abraaj's Growth Markets Health Fund

24 March 2016

The Board of Directors of the African Development Bank (AfDB) has approved a US$25mn equity investment in the Abraaj Growth Markets Health (Africa) Fund (the “Fund”), the Africa focused parallel partnership of the Abraaj Growth Markets Health Fund. This c…

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Agri-Vie founders & STANLIB announce launch of independent private equity business - EXEO Capital

16 March 2016

The founders of Agri-Vie Investment Fund, the African private equity fund focused on the food and agribusiness sector, and pan-African asset manager STANLIB, are proud to announce the formation of EXEO Capital - an Africa-focused private equity partnershi…

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AfricInvest invests in Silafrica Plastics and Packaging International Limited

10 March 2016

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that itsAfricInvest Fund III has invested in Silafrica Plastics and Packaging International Limited (“Silafrica”), theleading East African plastics and packagin…

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Enko Capital Managers achieves final close of its Pan-African PE Fund at US$83.25mn

22 February 2016

Enko Capital Managers is pleased to announce it has successfully reached a US$83.25 million final close of its Pan-African fund, the Enko Africa Private Equity Fund (EAPEF). Significant second close investors included Proparco, through its FISEA window, a…

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Investec successfully closes 2nd Africa PE fund

12 February 2016

Investec Asset Management has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at US$295mn. The investor base includes pension funds, endowments, fund of funds and development finance insti…

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AfricInvest and Siparex announce first closing of “Fonds de Co-Localisation Franco-Tunisien” (FCFT)

12 February 2016

12th February, 2016 - AfricInvest and Siparex are pleased to announce the first closing of the “Fonds de Co-Localisation Franco-Tunisien” (FCFT), promoted and equally subscribed by French and Tunisian state investors - Bpifrance (France) and Caisse des Dé…

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Verod’s Fund II exceeds target size

28 January 2016

Verod Capital is pleased to announce the final close of Verod Capital Growth Fund II (“Verod Fund II”) at $115mn, exceeding its original target of $100mn. Verod Fund II is supported by a diverse group of prominent global investors and includes a mix of fu…

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PCM Capital Partners backs First Atlantic Bank Ghana

26 January 2016

The West Africa Emerging Markets Growth Fund ("WAEMGF") has announced an investment in Ghana’s First Atlantic Bank Ghana Limited (FABL). The investment was made through AA Global Investments Limited (AAGIL), a Mauritius registered Special Purpose Vehicle …

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LeapFrog launches US$350mn investment partnership

21 January 2016

Prudential Financial, Inc. (NYSE: PRU) and LeapFrog Investments announced today the launch of a US$350 million investment partnership to access high-growth markets in Africa. Managed by LeapFrog, the new investment vehicle will target investments in life …

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Kibo Capital Partners reaches final close at US$58mn

18 January 2016

Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, today announced the second close of its Kibo Fund II. The total fund size increased to about US$58 million with investors including Nile Hold…

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PCP announces Ubipharm investment

27 December 2015

Abidjan, Cote d’Ivoire, December 27, 2015: PCM Capital Partners (“PCP”), Managers of the West Africa Emerging Markets Growth Fund (“WAEMGF”) has announced an investment in Ubipharm SA (“Ubipharm” or “the Group”) to part fund its African expansion. The inv…

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Moringa Partnerships achieves final close

12 December 2015

Edmond de Rotschild Private Equity (EDR PE), ONF International (ONFI) and the Moringa Partnership team are pleased to announce the final closing of the Moringa S.C.A., SICAR, a private equity investment vehicle dedicated to making investments in sustainab…

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LeapFrog Investments receives US$200m commitment

10 December 2015

LeapFrog Investments is set to receive up to US$200m from the Overseas Private Investment Corporation, the OPIC Board of Directors announced today. This is the largest commitment in history to any impact fund manager. It also brings commitments to LeapFro…

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AfricInvest purchases minority stake in Salvador Caetano Auto Africa

30 November 2015

AfricInvest, a pan-African mid-cap-focused private equity firm, is pleased to announce that its AfricInvest Fund III (“AFIII”) has completed the purchase of a minority stake in Salvador Caetano Auto Africa (“SC Africa”), a subsidiary of Salvador Caetano G…

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Actis invests in Nigeria’s Sigma Pensions

26 November 2015

Actis today completed an investment of $62 million for a majority stake in Sigma Pensions (“Sigma”), a leading Pension Fund Administrator (“PFA”) in Nigeria. Actis is partnering with Sigma’s founder and Chief Executive Officer, Mr Umaru Modibbo and the cu…

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Investec announces real estate JV in partnership with IFC

10 November 2015

Investec Asset Management and Growthpoint Properties announced today that they have entered into a joint venture agreement, which in partnership with IFC, a member of the World Bank Group, will seek to establish and grow a significant diversified pan-Afri…

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Investisseurs & Partenaires reach first close at EUR$9.5mn

27 October 2015

IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…

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Investisseurs & Partenaires announce first close of IPDEV2

27 October 2015

IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…

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Swicorp Intaj Capital II Fund investment in Venezia Ice

23 October 2015

Intaj Capital II has just become a shareholder of the Moroccan firm Venezia Ice, an operator in the field of production and distribution of artisanal gelato and pastry. Managed by Swicorp, a financial advisory and private equity firm operating in the MENA…

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I&P completes two portfolio investments in West Africa

30 September 2015

The €54 million I&P Afrique Entrepreneurs (IPAE) fund, managed by Investisseurs & Partenaires, has recently invested, as minority stakeholders, in two companies based in West Africa. Both of them demonstrate the great innovation capacity of Africa…

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EIB announces participation Meridiam Africa Fund

28 September 2015

Europe’s long-term financing institution, the European Investment Bank (EIB) and Meridiam, a global investor and asset manager specializing in public and community infrastructure today announced the agreement of a new €30 million catalyst investment in th…

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Synergy Capital announces final close

18 September 2015

Synergy Private Equity Fund I (SPEF) LP is pleased to announce the final close of its fund. The fund closed above its initial hard cap of $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundra…

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Cauris Management sells stake in Eau Technologie Environnement

24 August 2015

Cotonou, Benin, 24 August 2015: Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minéral…

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The Abraaj Group Closes Second North Africa Fund

24 August 2015

The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by …

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Investec announces first close of Africa Credit Opportunities Fund I

20 August 2015

Investec Asset Management has successfully closed the Investec Africa Credit Opportunities Fund 1 at U$226.5 million.The Dutch development bank, FMO, and the UK’s Development Finance Agency, CDC, played an instrumental role in anchoring the fund. The inve…

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Mediterrania Capital Partners' MC II fund reaches final close

27 July 2015

July 27th 2015: Mediterrania Capital Partners, the regional Private Equity firm focusing in Growth investments for SMEs, announces a final close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at the planned target of €120 m…

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African Development Bank backs AFIG Fund II

10 July 2015

10th July 2015: The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, July 8, 2015 an equity investment of up to US$45 million in Atlantic Coast Regional Fund LLC II (or “AFIG Fund II”), a 10-year US$300 million multi-sector…

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Investment Housing Solutions makes first Fund II Investment in Ravenswood

05 June 2015

June 5th 2015: International Housing Solutions  has begun to approve investments as it continues to raise capital for its second fund (successfully closing about $180 million USD of capital to date).  The first investment it has closed is Ravenswood. This…

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IFC invests US$10mn in Wamda Capital

21 May 2015

Cairo, Egypt, May 21 2015: IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (MENA).The i…

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Abraaj invests in Auvest MENASA Opportunities Fund

20 May 2015

Dubai, United Arab Emirates, May 20 2015:  The Abraaj Group (‘Abraaj’ or ‘The Group’), an investor operating in global growth markets, today announced its commitment of US$ 30 million to the Auvest MENASA Opportunities Fund I L.P. (the ‘Fund’). Through th…

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CDC announces US$75mn commitment to Pembani Remgro Infrastructure Fund

18 May 2015

CDC Group plc (‘CDC’), the UK development finance institution, has announced a commitment of US$75m to the Pembani Remgro Infrastructure Fund (the ‘Fund’ or ‘PRIF’), a joint initiative established by Remgro and Phuthuma Nhleko. By providing 30% of capital…

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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…

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DEG commits to Vantage Capital's Fund III

24 April 2015

Johannesburg, South Africa, April 24 2015:  Vantage Capital, an African mezzanine debt provider, today announced that the DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and four other European investors are contributing a total of a…

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AFIG Funds invests in Primrose Properties Ghana Ltd

23 April 2015

Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana (“PPG”), a leading real estate development company based in …

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The Abraaj Group closes US$990 Sub-Saharan Africa fund

13 April 2015

Dubai, UAE, 13 April 2015:  The Abraaj Group (“Abraaj” or “The Group”), an investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 990 million. Abraaj Africa Fund I…

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DPI closes pan-African ADP II fund at US$725 million

01 April 2015

London, United Kingdom, 01 April 2015:  DPI, an Africa private equity specialist with US$1.1 billion under management, has successfully closed its second fund, the oversubscribed ADP II fund, at ~US$725 million significantly beating its $500 million targe…

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Metier successfully close African private equity fund, Metier Capital Growth Fund II

04 March 2015

Gauteng, South Africa, 4 March 2015: The Metier Capital Growth Fund II completed its first close in mid-February 2015 and has already signed a binding sale agreement with its first portfolio company, a consumer retail chain with a presence in South Africa…

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Helios Investment Partners closes US$1.1 billion African private equity fund

06 February 2015

Following an announcement that Helios Investment Partners (“Helios”) exceeded the $1 billion target set for the firm’s third Africa-focused fund, Helios Investors III, L.P. (“Helios III”), Helios today announced that Helios III, which was oversubscribed, …

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Helios Investment Partners poised to close US$1.1 billion African private equity fund

12 January 2015

London, United Kingdom, 12th January 2015: Helios Investment Partners ("Helios"), a leading pan-African private investment firm, today announced it has exceeded the $1 billion target set for its third Africa-focused fund and the firm will shortly be closi…

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AIIM investment, Renewable Energy Investments South Africa, reaches major milestone with commercial operation of solar PV facility

05 January 2015

Renewable Energy Investments South Africa (RF) Pty Ltd (REISA) commenced commercial operation of the Kathu Solar PV facility – one of the largest photovoltaic projects in South Africa – on 11 November 2014. The project is expected to deliver 179GWh of cle…

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Closing of Africinvest III at Euro 154 million

15 October 2014

Tunis, October 15th 2014 –  The AfricInvest Group is pleased to announce the first closing of the multi-sector private equity fund AfricInvest Fund III LLC (‘AF III’), with a size exceeding Euro 154 million in capital commitments alongside prestigious dev…

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AfDB approves €10 million equity investment in Moringa Private Equity Fund

08 October 2014

On Wednesday, October 1, 2014 in Abidjan, the Board of Directors of the African Development Bank approved a €10-million equity investment in the African compartment of the Moringa Private Equity Fund.Moringa will invest in scalable, replicable agroforestr…

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Announcement of First Close – Synergy Private Equity Fund (LP)

15 September 2014

Synergy Private Equity Fund (LP) is pleased to announce its first close of US$56.25M on September 12, 2014.  The Synergy Private Equity Fund (SPEF) is a $75 million-target ($100m hard cap) private equity fund domiciled in Mauritius and focused on mid-size…

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Injaro Investments Limited plans to invest close to $50 Million in West Africa’s agribusinesses

29 August 2014

Injaro Investments Limited (“IIL”) is pleased to announce the final closing of Injaro Agricultural Capital Holdings Limited (“Injaro”), its West-Africa focused impact-oriented fund, with total commitments of US$49m. Final closing commitments of US$15m, US…

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ACA invests in a leading Online Travel Agency

29 August 2014

August 29, 2014 - African Capital Alliance (ACA) today announced its investment in Wakanow, Nigeria’s leading online travel agency (OTA).Wakanow was founded in 2008 to address the complex challenges customers face when booking travel in and from Nigeria. …

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The Carlyle Group and Dangote Industries Limited Form Strategic Investment Partnership

05 August 2014

Partnership will invest across the oil & gas value chain as well as in consumer, financial services and agribusiness sectors – building blocks of the African economyWashington, DC & Lagos, Nigeria – Global alternative asset manager The Carlyle Gro…

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AfricInvest Group partners with FMO, MicroVest II, LP & Finnfund to form SFC Finance

22 July 2014

AfricInvest, along with FMO, MicroVest II, LP and Finnfund, is delighted to announce the creation of SFC Finance, a lender to African small and medium enterprises (SMEs). SFC Finance will commence operations with committed shareholders’ equity of $20 mill…

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Helios Towers Africa raises $630 million in a new equity fundraising

10 July 2014

Helios Towers Africa (“HTA”), the leading, independent telecommunications towers company in Africa, announces that it has raised $630 million in new equity resources from existing and new shareholders.Existing shareholders including: Quantum Strategic Par…

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Development Partners International and Public Investment Corporation in consortium acquisition of RTT

01 July 2014

A private equity consortium led by Ethos Private Equity, announced today that it has acquired c.80% of the RTT Group for an undisclosed sum. Other key shareholders in the consortium are African Development Partners II, a private equity fund advised by Dev…

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Amethis Finance successfully mobilizes USD 530 Million for African Entrepreneurs

30 June 2014

Amethis Finance, the private investment fund dedicated to long-term responsible investments in Africa, founded in partnership between Luc Rigouzzo, Laurent Demey, and the Edmond de Rothschild Group through Compagnie Benjamin de Rothschild Conseil “CBR”, s…

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The Abraaj Group announces submission of tender offer for listed Egyptian education group

19 June 2014

Abraaj to acquire stake in Egypt’s largest K-12 private schools group with a focus on the provision of affordable high quality education   Growth capital investment will help CIRA’s expansion in the tertiary education sector in Egypt …

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IFC Supports Nigeria’s Business Infrastructure with Investment in Shopping Mall

19 June 2014

Lagos, Nigeria, June 19, 2014 – IFC, a member of the World Bank Group, today announced a $9.5 million investment in Jabi Lake Mall to support demand for modern business infrastructure and retail space in Abuja, Nigeria. The project will help create about …

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Kibo Capital Partners announces $50m first close of The Kibo Fund II

13 June 2014

Kibo Capital Partners today announced the first close of its second fund, The Kibo Fund II LLC (‘Kibo II’), totalling US$50 million. Kibo II targets growth capital investments in East Africa, Southern Africa and the Indian Ocean islands.Investors include …

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ACA invests in Gas Midstream Platform

09 June 2014

June 9, 2014 - African Capital Alliance (ACA) today announced its investment in Gas Train Limited, a gas infrastructure development platform operating in Nigeria.Gas Train was set up by the Owel-Linkso Group, a project development firm which also provides…

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Helios Investment Partners invests in ARM Pensions

02 June 2014

LONDON, 2nd June 2014 – Helios Investment Partners (“Helios”) and Asset & Resource Management Company Limited (“ARM”) have reached an agreement whereby funds advised by Helios will acquire a minority stake in ARM Pension Managers PFA Limited (“ARM Pen…

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Emerging Capital Partners-led regional banking group announces strong results in second fundraising round

19 May 2014

19 May 2014: Oragroup, the Togo-based, regional commercial banking holding company with operations spanning twelve countries in West and Central Africa, has completed a significant second fundraising period, totaling US$40.6 million. The results of the fu…

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ECP’s portfolio company IHS continues expansion with additional fundraise

30 April 2014

April 30, 2014: ECP’s Africa Fund III portfolio company, IHS Holding Limited (IHS), has achieved another milestone in its expansion plans with the securement of an additional US$550m of equity to date in 2014, thereby extending its lead as Africa’s larges…

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The Carlyle Group Closes Carlyle Sub-Saharan Africa Fund at almost US$700mn

16 April 2014

Dedicated African private equity fund focuses on businesses that support growing middle class London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the final close of Carlyle Sub-Saharan Africa Fund (CSSAF), reachin…

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AfricInvest Group achieves third closing of its AfricInvest Financial Sector Fund

07 April 2014

AfricInvest Group is delighted to announce the third and final closing of its AfricInvest Financial Sector (AFS) fund, with limited partner commitments reaching EUR 60.6 million.New commitments came from KfW,BIO, Desjardins Group, and the Adolf H. Lundin …

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Helios Investment Partners announces US$355mn first close of Helios Investors III, L.P.

01 April 2014

LONDON, March 28th, 2014 – Helios Investment Partners is pleased to announce a $355 million first  close of Helios Investors III, L.P. (“Fund III”) following the launch of fundraising in December. The Fund III target remains $1 billion; a subsequent close…

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PIC invest €19m in Phoenix Capital Management's West Africa Emerging Markets Growth Fund

26 March 2014

PIC invests Euro 19 million (FCFA 14 billion) in the West Africa Emerging Markets Growth Fund (WAEMGF), the Phoenix Capital Management (PCM) sponsored PE fund.Johannesburg, South Africa, March, 2014 – South Africa’s Public Investment Corporation (PIC), th…

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PROPARCO reiterates its support to Zimbabwean banking sector by extending a $10m Loan to Central Africa Building Society

19 March 2014

Harare, 19 March 2014. PROPARCO announces the signing of a 5-year loan agreement of US$ 10m with Central African Building Society (CABS) to support its growth.The signing ceremony took place, today, in Harare at the Residence of the Ambassador of France t…

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AIIM's IHS Holding Ltd secures $490m to fund continued expansion across Africa

03 March 2014

IHS Holding Ltd. secures US$490 million to fund continued expansion across AfricaTransaction highlights: Significant funding round for IHS includes US$420 million of equity and US$70 million in debt   Existing shareholders contributing alon…

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CDC announces new US$18.4m commitment to AFIG's Atlantic Coast Regional Fund

06 February 2014

PARTICIPATION IN NEW RIGHTS ISSUE TAKES TOTAL COMMITMENT TO US$33.4mCDC has announced a $18.4m commitment to a new rights issue in the Atlantic Coast Regional Fund (‘ACRF’), taking its overall commitment to the fund to $33.4m. The rights issue will provid…

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Pearl Capital Partners invests US$1.5m in fresh produce exporters KK Foods

23 January 2014

Pearl Capital Partners invests US$ 1,500,000 in KK Fresh Produce Exporters Limited (“KK Foods”)Pearl Capital Partners has made its fifth investment through the African Agricultural Capital Fund. The fund, which is now two years into its investment ph…

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@deginvest_DE suscribes to bond issued by #HeliosTowers. Read more: https://t.co/57qJu6bhi8

Majority of recorded #VC deals (62%) between 2014-2019 had at least one VC fund manager involved, while 44% of reco… https://t.co/9NXleypzWr

@Proparco makes EUR30mn investment into @ActisLLP backed Douala Grand Mall. Read more: https://t.co/JfoGNzWgV8

@IFC_org provides Zenith Bank with US$100mn loan to support Nigerian SMEs. Read more: https://t.co/ON6U7P2kOb

Nearly one third (32%) of the total reported number of early stage investments in Africa between 2014-2019 were see… https://t.co/7JgWE9seBZ