26 September 2022
A collection of news across the African private equity and venture capital industry | Bboxx acquires PEG Africa Tuesday 6th September 2022 – Bboxx is cementing its status as the leading super platform for life-changing products and services on the African…
Read more »11 August 2022
A collection of news across the African private equity and venture capital industry | Apis Partners sells Retail Capital stake to mark third exit of 2022 The UK-based private equity firm Apis Partners said Wednesday its maiden fund, Apis Growth Fund I,…
Read more »08 August 2022
Lagos, Nigeria, 22 July 2022: Actis, a leading global investor in sustainable infrastructure has recently concluded a first close of its real estate fund, Actis West Africa REIF LP (“NREIF”) or the (“Fund”) at US$45m.Anchor investors in the first close in…
Read more »16 June 2022
KENYA – CrossBoundary Energy Access (CBEA), a financing facility for mini-grids, has raised US$25 million in new funding commitments. The funds were from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund. Thi…
Read more »24 May 2022
- Completed fundraising of $411m, surpassing original hard cap, with contributions from institutional investors, development finance institutions and family offices across Africa, Europe and North America.- Already closed three deals in Ghana, Kenya and M…
Read more »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 »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 »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 »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 »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 »10 March 2022
Early-stage investor Antler closed its oversubscribed East Africa investment fund at USD 13.5 Mn to continue to support early-stage tech start-ups in the region. The bumper investment round drew participation form leading investors such as Baillie Gifford…
Read more »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 »24 February 2022
$50m of equity from the UK’s development finance institution, CDC Group, soon to be renamed British International Investment $20m of equity from the Norwegian investment fund for developing countries, Norfund; and $20m of senior debt from U.S. Interna…
Read more »23 February 2022
London: Actis, a leading global investor in sustainable infrastructure, has secured an impact-linked revolving subscription credit facility for its latest energy fund. The fund, Actis Energy 5, recently closed with $6 billion of investable capital and wil…
Read more »14 February 2022
Johannesburg, South Africa, February 10, 2022—To support growth in South Africa's digital economy and increase access to financing for the country's tech entrepreneurs, IFC has invested in Knife Fund III, a new fund managed by Cape Town-based venture capi…
Read more »02 February 2022
DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”), Germany’s development finance institution, has announced a USD 21m commitment to Vantage Capital’s fourth mezzanine fund. The investment solidifies the long-standing partnership betwee…
Read more »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 »27 January 2022
TLcom’s second African tech fund supported by new and returning investors from the private and public sector TLcom, the Africa-focused venture capital firm, has today announced a first close of $70mn for its $150mn Africa focused tech fund, firmly positi…
Read more »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 »02 January 2022
The Board of Directors of the African Development Bank Group has approved an equity investment pool of EUR10.5mn toward the first close of the Janngo Start-Up Fund, a pan-African tech start-up fund. The pooled funds comprise EUR7mn provided by the Africa…
Read more »15 December 2021
Largest gender-inclusive private equity fund in Africa 2X Flagship fund applying the 2X Challenge criteria Boosting diversity across Africa The management of Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has …
Read more »14 December 2021
The African Private Equity and Venture Capital Association (AVCA) and the Pension Fund Operators Association of Nigeria (PenOp) are pleased to release the first-ever report on Nigerian Pension funds engagement with private equity. The report incorporate…
Read more »14 October 2021
The Hague, 13 October 2021 - Lendable Inc., a leading emerging market fintech credit provider, is targeting a ground-breaking US$100mn closed-ended fund focused on emerging and frontier market fintech investments, with FMO, the Dutch entrepreneurial devel…
Read more »14 October 2021
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of ZAR5.5bn (c.US$370mn) for its flagship SADC infrastructure fund, the IDEAS Man…
Read more »12 October 2021
Cape Town, 14 October 2021 – African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of ZAR5.5bn (c.US$370mn) for its flagship SADC in…
Read more »11 October 2021
London, UK | 11 October 2021 Despite widespread decline felt by most economies across the globe, private equity fundraising in Africa has already managed to reach US$1.3bn for the first half of 2021, when including final and interim closes. Mirroring the…
Read more »08 October 2021
ARM-Harith Infrastructure Investments Limited, a Mauritius-regulated infrastructure fund manager and parent company of ARM-Harith Infrastructure Investment Limited Nigeria, has announced the official launch of the ARM-Harith Cities and Climate Transition …
Read more »06 October 2021
Commitment to provide much-needed growth equity to medium-sized and large companies, delivering essential goods and services to the emerging middle class and mass market US$100 million investment in ADP III reaffirms CDC and DPI’s aligned focus on inve…
Read more »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 »04 October 2021
Adiwale Partners (“Adiwale”) is pleased to announce the final closing of its first fund, Adiwale Fund I, LP (“AF1”) at €60 million. The fund has attracted the International Finance Corporation (“IFC”) for its final closing. The investor group, therefore, …
Read more »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 »24 September 2021
Àrgentil Capital Management Limited (“Àrgentil or ACML”) has successfully achieved a financial closing for First Modular Gas Systems Limited (“FMGSL”), a clean energy company founded by the firm alongside Dharmattan Gas Facilities Limited. This allows FMG…
Read more »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 »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 »17 September 2021
Assets under Management of US$17.8bn (EUR15bn) from c.US$10bn (EUR8.5bn) in 2019 All new funds have the highest sustainable classification in Europe Meridiam announced that it has successfully raised US$6.1 billion in 2021 (over €5 billion). The fir…
Read more »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 »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 »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 »30 August 2021
Amethis, the investment fund manager dedicated to long-term responsible investing across the African continent, built in partnership with the Edmond de Rothschild group, is pleased to announce the first closing of Amethis MENA Fund II at US$101mn (EUR85mn…
Read more »27 August 2021
The Swiss Investment Fund for Emerging Markets (SIFEM) has invested USD 10 million in Metier Sustainable Capital Fund II. The Fund will be focused on climate mitigation and adaptation through investments in renewable energy generation as well as in reso…
Read more »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 »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 »14 August 2021
The African Development Bank has reached financial close on financing agreements for a US$20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP). The 5-year, US$50 mill…
Read more »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 »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 »27 July 2021
Proparco - through FISEA+, the AFD Group fund advised by Proparco – signed a US$5mn investment in Acumen Resilient Agriculture Fund (ARAF). The fund invests in agri-startups in East and West Africa that help smallholder farmers adapt to climate change. Th…
Read more »27 July 2021
Kasada has secured a strategic partnership with the International Finance Corporation (IFC) to create a large hotel portfolio in Sub-Saharan Africa through a US$160mn debt facility, of which a US$80mn senior loan was disbursed by IFC and Proparco to finan…
Read more »27 July 2021
Fund to deploy mission-driven capital at scale, leveraging team’s decades of experience and rigorous impact assessment capability to scale companies across the climate sector Anchor investors include some of the world’s largest institutional investors …
Read more »23 July 2021
Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120mn. The fund is targe…
Read more »09 June 2021
Global gender finance initiative sets ambitious new US$15bn fundraising goal after securing more than double its original US$3bn target Over 200 businesses in the developing world received investment over the last three years The 2X Challenge, found…
Read more »18 May 2021
African private equity fund manager Ascent today announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than US$100mn, significantly exceeding its initial target of US$80mn. The final close of ARVF II, with a target of US$12…
Read more »05 May 2021
The first-generation fund targets high-growth SMEs and middle-market businesses operating in the consumer-facing and financial services sectors. The fund will boost post-pandemic economic recovery across West African countries, including Nigeria, Ghana…
Read more »24 March 2021
CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund) at US$64 million. The Fund which record…
Read more »10 March 2021
Johannesburg, South Africa, March 10, 2021—IFC, a member of the World Bank Group, today announced an investment in the Savannah Fund, a leading technology seed fund in Africa, to increase lending to start-ups across sub-Saharan Africa with a focus on sup…
Read more »09 March 2021
Temasek, an investment company headquartered in Singapore, has entered into a US$500mn strategic partnership with leading global impact investment group LeapFrog Investments. The strategic partnership will take the form of a multi-fund investment by Tema…
Read more »18 February 2021
CDC Group has today announced its investment in a US$300 million fund from Adjuvant Capital focused on accelerating the development of medical innovations for historically overlooked public health challenges. Launched in 2019, Adjuvant’s debut fund will s…
Read more »12 February 2021
Small Foundation has invested in Capria Ventures. This engagement will support Capria’s activities in the early-stage investment space, which have the potential to be highly catalytic, and which will enable more money to flow into enterprises in sub-Sahar…
Read more »18 November 2020
Available to young innovative African companies is now Bridge Fund by Digital Africa, a new financial instrument to help them mitigate the economic impact of the COVID-19 pandemic. Promoted by Digital Africa and deployed by Proparco, a subsidiary of the F…
Read more »10 November 2020
BlueOrchard Finance Ltd (BlueOrchard), a leading impact investment manager and member of the Schroders Group, is pleased to announce the launch of the “BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund”. The Fund is backed by prominent …
Read more »28 October 2020
Antananarivo – AXIAN commits to the African Development Partners III (ADP III) investment fund managed by Development Partners International (DPI). DPI is one of the leading private equity firms devoted to and investing across Africa. AXIAN JOINS ADP III…
Read more »16 October 2020
The AfricaGrow fund of funds, launched by Allianz Global Investors, has committed EUR 15 million to the Cathay AfricInvest Innovation Fund ("CAIF"), managed by AfricInvest. AfricaGrow, which is the product of a public-private cooperation between KfW Entw…
Read more »08 October 2020
Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth private equity fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in African funds dedicated to start-ups and small and medium-size…
Read more »01 October 2020
Lorax Capital Partners (LCP)'s LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt, has reached a USD 140 million first close. The European Investment Ban…
Read more »07 September 2020
FMO has signed a $10mn commitment to XSML's latest private equity fund. XSML was co-founded by two former FMO employees and today manages two private equity funds in Central Africa: the Central Africa SME Fund and African Rivers Fund I. Both funds are…
Read more »26 June 2020
IFC approves US$25mn investment into Lorax II fund. To read more, please click here. -END-
Read more »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…
Read more »06 May 2020
La Tribune Afrique interviews AVCA's Head of Research and Training, Enitan Obasanjo-Adeleye. Read more
Read more »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…
Read more »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…
Read more »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
Read more »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$9.6 mn in TerraPay to fund the compan…
Read more »17 February 2020
FMO recently invested US$ 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,…
Read more »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…
Read more »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…
Read more »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 »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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.
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 »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…
Read more »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 »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 »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.
Read more »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…
Read more »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…
Read more »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.
Read more »16 October 2019
EIB has approved a US$25mn equity commitment into Blue Orchard Resilience Fund. To read more, please click here. -END-
Read more »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.
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 »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 »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$146mn – showing growth of nearly 50% on the size of the first fund. Herman Marais, the Managing Partner …
Read more »27 June 2019
The Yield Uganda Investment Fund is proud to announce its fifth investment in Uganda by making a commitment to invest UGX 3.9Bn to Raintree Farms Limited, a pioneer agri-ceutical enterprise specialising in the production and processing of organic moringa.…
Read more »21 June 2019
Coöperatief Climate Fund Managers U.A. (CFM) is proud to announce the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund U.A. at a combined US$ 850 mn. Climate Investor One, with an emerging markets …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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.…
Read more »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 …
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »18 March 2019
EIB has approved the commitment of EUR12.5mn into Janngo Capital Startup Fund. To read more, please click here. -END-
Read more »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…
Read more »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 …
Read more »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 »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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) …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 »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…
Read more »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.…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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-…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 – …
Read more »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…
Read more »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…
Read more »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…
Read more »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.…
Read more »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…
Read more »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 …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundra…
Read more »24 August 2015
Cotonou, Benin, 24 August 2015: Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minéral…
Read more »24 August 2015
The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »21 May 2015
Cairo, Egypt, May 21 2015: IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (MENA).The i…
Read more »20 May 2015
Dubai, United Arab Emirates, May 20 2015: The Abraaj Group (‘Abraaj’ or ‘The Group’), an investor operating in global growth markets, today announced its commitment of US$ 30 million to the Auvest MENASA Opportunities Fund I L.P. (the ‘Fund’). Through th…
Read more »18 May 2015
CDC Group plc (‘CDC’), the UK development finance institution, has announced a commitment of US$75m to the Pembani Remgro Infrastructure Fund (the ‘Fund’ or ‘PRIF’), a joint initiative established by Remgro and Phuthuma Nhleko. By providing 30% of capital…
Read more »30 April 2015
Overseas Private Investment Corporation: Global Engagement Call For Proposals The Overseas Private Investment Corporation is launching its 2015 Global Engagement Call for Proposals. OPIC is inviting proposals from fund managers seeking OPIC financin…
Read more »24 April 2015
Johannesburg, South Africa, April 24 2015: Vantage Capital, an African mezzanine debt provider, today announced that the DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and four other European investors are contributing a total of a…
Read more »23 April 2015
Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana (“PPG”), a leading real estate development company based in …
Read more »13 April 2015
Dubai, UAE, 13 April 2015: The Abraaj Group (“Abraaj” or “The Group”), an investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 990 million. Abraaj Africa Fund I…
Read more »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…
Read more »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…
Read more »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, …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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. …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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 $1 billion; a subsequent close…
Read more »26 March 2014
PIC invests Euro 19 million (FCFA 14 billion) in the West Africa Emerging Markets Growth Fund (WAEMGF), the Phoenix Capital Management (PCM) sponsored PE fund.Johannesburg, South Africa, March, 2014 – South Africa’s Public Investment Corporation (PIC), th…
Read more »19 March 2014
Harare, 19 March 2014. PROPARCO announces the signing of a 5-year loan agreement of US$ 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…
Read more »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…
Read more »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 $33.4m. The rights issue will provid…
Read more »23 January 2014
Pearl Capital Partners invests US$ 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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👏 Congratulations to @AfricInvest_Grp for their investment in pan-African #insurance provider, Turaco. Read the fu… https://t.co/tXwjPI97jb
🎤We are delighted to introduce Chuks Ibechukwu, @OlaniwunAjayiLP as a speaker at #AVCASummit2022! 💼He share his… https://t.co/SPvSm7wfcY
🎤 As the first European edition of the @with-intelligence-womens-summits comes to the UK, we're proud to announce o… https://t.co/ftrZIhJyly
🗓 Who will join us on Tuesday 4 October? #AVCAConnect with @TheNewPractice is back in #Lagos to offer an unrivalle… https://t.co/NKUjHPucn0
⏰ 1 WEEK TO LAUNCH! Snapshot of #AVCAAcademy E-Learning Module Tracks: 🌐 #FundStructuring 🌐 #FundManager Funda… https://t.co/WxllkN7EWY
