22 February 2023
South Africa’s Aventro has received investment from Third Way Investment Partners, Mahlako Energy Fund and Mergence Investment Managers to increase its shares in the 100MW Redstone Concentrated Solar Power Project. The project, located in the Northern Ca…
Read more »26 October 2022
EIB boosts clean energy financing in support of REPowerEU Plan Additional financing expected to mobilize up to €115 billion in investment for energy efficiency, renewables, grids, charging infrastructure, and storage Packag…
Read more »24 October 2022
A collection of news across the African private equity and venture capital industry | Africa50 to invest in education group The investment will be used by Holding Générale d'Education or Holged Group to support its expansion plans elsewhere in Africa. …
Read more »13 October 2022
The round, which was oversubscribed by 50%, marks the first investment for Health54, the corporate venture arm of CFAO Group, which is the largest healthcare distribution channel in sub-Saharan Africa. Lifestores aims to increase the number of OGApharmacy…
Read more »06 October 2022
Biometrics tech firm iiDENTIFii has raised $15 million in a growth capital round led by African investment company Arise whose investors include Rabobank Partnerships, Norfund, NorFinance and FMO. Growth-stage private equity firm Sanari Capital and US tec…
Read more »04 October 2022
To improve essential temperature-controlled logistics infrastructure in sub-Saharan Africa and ensure food security in the region, African Infrastructure Investment Managers (AIIM) and its investment partners, Bauta Logistics and Mokobela Shakati (Pty) Lt…
Read more »30 September 2022
Norfund is investing ZAR 365m (ca. NOK 220m) in wind farms in South Africa under the new Norwegian Climate Investment Fund. Three wind farms with a total capacity of 420 MW will be built by EDF Renewables, and Norfund is investing in the project through i…
Read more »26 September 2022
Accra, Ghana & Amersfoort, the Netherlands – Farmerline Group today announced the second close of a Pre-Series A investment raise with an additional US$ 1.5 million investment from social impact investor Oikocredit. The investment is part of a total …
Read more »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 Afric…
Read more »20 September 2022
Norfund is investing 5 million USD in 260 Brands to finance the company’s expansion into production of soymilk, creating jobs and increasing access to locally-produced nutritious food. 260 Brands is an agro-processing company based in Lusaka, Zambia, …
Read more »06 September 2022
Lilongwe, Malawi, September 6, 2022--The Government of Malawi (GOM), IFC, Scatec and EDF today sign a binding commercial agreement to undertake the co-development of the Mpatamanga hydropower project. The agreement, signed under Malawi's Public-Private P…
Read more »26 August 2022
Green hydrogen to be a key enabler of the global Energy Transition, offers excellent solutions for decarbonisation Actis’ track record in supporting the Energy Transition in MEA was a key factor in Egyptian government’s decision London, Cairo, 2…
Read more »09 August 2022
London, United Kingdom: InfraCo Africa, the African development arm of the Private Infrastructure Development Group (PIDG), today announced a US$43 million anchor investment into Climate, Energy Access and Resilience (CLEAR), a climate-focused fund advis…
Read more »09 August 2022
Yield Uganda Investment Fund, an agribusiness impact investment vehicle managed by Pearl Capital Partners, has struck its second deal of the year after hacking a Ugandan agriculture supply chain firm last month. The fund, alongside Danish investor Gorm Pe…
Read more »29 July 2022
Published: 29 July 2022 Dubai-based Yellow Door Energy is the leading Middle East and Africa focused platform targeting more than 1GW of distributed solar and related energy solutions to C&I customers in the region The company’s mission is to …
Read more »21 July 2022
The Board of the Green Climate Fund (GCF) has approved the joint FMO – Climate Fund Managers (CFM) USD 145mln proposal to accelerate private sector investments in low-emission and climate-resilient water, sanitation and ocean projects, entitled Climate In…
Read more »18 July 2022
Lusaka, Zambia, July 18, 2022—IFC and Zambeef Products PLC, one of the region's leading agribusiness companies, are joining forces to boost food security and strengthen Zambia's agricultural sector to create jobs and help fight poverty. IFC will invest u…
Read more »11 July 2022
Solar Panda, which designs, manufactures and distributes pay-as-you-go solar home systems to low-income communities in Kenya has received US$8mn in funding from Oikocredit and Electrification Financing Initiative (EDFI ElectriFI) Since 2018, Solar Panda …
Read more »07 July 2022
The new partnership will help sustain in-country growth of clean, safe and affordable domestic electricity. Amersfoort, the Netherlands, Brussels, Belgium and Nairobi, Kenya – Social impact investor and worldwide cooperative Oikocredit and the EU-f…
Read more »06 July 2022
IFC has invested €90 million in Wave Mobile Money to spur financial inclusion and support economic growth in Senegal and Côte d'Ivoire. International Finance Corporation, a member of the World Bank Group has invested €90 million in Wave, Francophone Afr…
Read more »06 July 2022
Trade Access Program (TAP) is launched with US$ 25 million capital from British International Investment (BII) The programme aims to strengthen trade across Africa by backing the growth of small and medium-sized enterprises (SMEs), AgriTech, FinTechs a…
Read more »23 June 2022
British International Investment, the UK’s development finance institution, is joining Norfund, the Norwegian Investment Fund for developing countries, in its joint venture with Scatec ASA to provide capital for Africa’s hydropower sector. This will b…
Read more »22 June 2022
FMO: Proposed Investment Who is our prospective client? SolarX is a Commercial and Industrial (“C&I”) solar rooftop business active in Mali, Burkina Faso and Senegal. SolarX offer affordable, clean and reliable power assets with attractive economic…
Read more »13 June 2022
Johannesburg, South Africa, June 13, 2022—To increase access to high quality, affordable healthcare products and services across Africa, IFC today announced a partnership with Avacare Global to help the company expand its manufacturing and distribution of…
Read more »10 June 2022
The International Finance Corporation (IFC), the private sector arm of the World Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by the Paris-based VC firm Partech. The IFC said in the disclo…
Read more »09 June 2022
Egypt-based fintech ADVA has raised an undisclosed "six-digit figure" Seed round from Sawari Ventures. Founded in 2020 by Rania Gaafar, ADVA is a consumer lending platform that allows customers to pay for a wide variety of services and products in inst…
Read more »23 May 2022
Consortium of global development finance institutions back Phatisa-led investment Expansion capital to drive growth and investment into cutting-edge, sustainable food production (Monday 23rd May 2022, Mauritius) – Phatisa, together with a consortiu…
Read more »13 May 2022
Nairobi - 13 May 2022 - On Thursday evening, Nick O’Donohoe, CEO of British International Investment (“BII”), joined British High Commissioner to Kenya, Jane Marriott OBE, at a reception to launch the rebranded UK government’s Development Finance Institut…
Read more »11 May 2022
SPE Capital, a private equity firm focused on Africa and the Middle East, announces the acquisition, by its private equity fund SPE AIF I, of GlobalCorp for Financial Services S.A.E (GlobalCorp), a leading Egyptian non-banking financial services company…
Read more »10 May 2022
Expansion of relationship includes IFC and IFC Financial Institutions Growth Fund acquiring a minority shareholding stake in Equity. IFC to support Equity's lending to MSMEs under the `Africa Recovery and Resilience Plan' with $165 million loan along w…
Read more »09 May 2022
Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Ko…
Read more »07 May 2022
Kuramo Capital Management (“Kuramo”), a Sub-Saharan Africa focused investment management firm, is pleased to announce its US$10 million commitment to Uhuru Growth Fund I (“UGF”). UGF is a middle market private equity fund launched by Uhuru Investment Part…
Read more »04 May 2022
The local pharmaceutical industry has the ability to make a significant contribution to South Africa’s gross domestic product as well as Africa’s broader socio-economic landscape. There are, however, very few examples of successful home-grown pharmaceutic…
Read more »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 »04 May 2022
The Netherlands Development Finance Corporation (FMO) is teaming up with BIX Capital to open a $10 million line of credit to C-Quest Capital (CQC). The company will use the facility to distribute environmentally friendly cook stoves in 15 sub-Saharan Afri…
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 »28 April 2022
Country to allocate 10% of future oil and gas revenues to fund West African economy is expected to start production next year Senegal’s sovereign wealth fund is considering investing in neighboring countries after it starts receiving…
Read more »28 April 2022
Papa Madiaw Ndiaye of AFIG Funds, Tokunboh Ishmael of Alitheia Capital, Senegalese minister Amadou Hott of Senegal, and Abi Mustapha-Maduakor of the African Private Equity and Venture Capital Association (AVCA). Photo: Supplied/Ventureburn "World-c…
Read more »27 April 2022
The International Finance Corporation (IFC) will provide a R600 million (~$42m) loan package to Business Partners to finance the construction of green buildings. This is the IFC’s first loan in South Africa that is exclusively dedicated to green lending …
Read more »27 April 2022
DAKAR, SENEGAL — The Private Equity & Venture Capital Association (AVCA) says Africa attracted a record $7.4 billion in private capital in 2021, more than double the year before. But while the continent provides ample possibilities for…
Read more »27 April 2022
ImpactAlpha, April 27 – The bad news: The COVID-19 pandemic reversed progress in Africa toward Sustainable Development Goals. The good news: Much of the renewed surge of private capital flowing to the continent has an impact flavor, through investmen…
Read more »26 April 2022
Norfund is investing USD 10 million to finance a cashew processing plant in Cote d’Ivoire. Processing of cashew nuts is expected to create 2000 new jobs. Valency International Trading SARL (“Valency CIV”) is a subsidiary of Singapore-based Valency Inter…
Read more »26 April 2022
BluePeak Private Capital has agreed to invest up to $15m in Africure, a pan-African manufacturer and distributor of quality pharmaceutical goods. Fulton Shiundu, Principal at BluePeak Private Capital, said: "Africure is a trusted manufacturing and dis…
Read more »26 April 2022
Nigeria’s fintech sector attracted the highest private equity and venture capital deals in the last five years, according to data obtained from Africa Private Equity and Venture Capital Association (AVCA). Driven by venture capital deals and in…
Read more »26 April 2022
Record-breaking private capital deals were made in Africa last year. In 2021, Investors pumped in $7.4 billion—118% more than the $3.4 billion invested in 2020. The report by the African Private Equity and Venture Capital Association (AVCA) attribut…
Read more »25 April 2022
By Tom Collins Published April 25, 2022 Investors pumped record amounts of private equity and venture capital into Africa last year, according to a new report by the African Private Equity and Ventur…
Read more »20 April 2022
Norfund, a Norwegian Investment Fund for Developing Countries, has invested $8 million South Africa-based raisin processor and distributor Redsun Dried Fruit and Nuts (“Redsun”), a portfolio company of One Thousand and One Voices (1K1V). Redsun, locate…
Read more »19 April 2022
Standard Bank Group is proud to announce its funding into Tana Africa Capital II (“Tana Africa Capital”), an investment company which aims to build African companies through growth capital, operational and strategic support. Tana Africa Capital has a port…
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 »13 April 2022
AfricInvest, a leading investment platform in Africa, has a acquired a 36% stake in AutoXpress, the largest importer, distributor and retailer of tyres, auto parts and accessories operating in Kenya, Rwanda, Tanzania and Uganda. The investment has been ma…
Read more »10 April 2022
Cairo, Egypt, April 10, 2022—To support tech startups with access to finance and drive innovation and job creation primarily in Egypt, IFC today announced an investment in the second fund from venture capital firm Algebra Ventures. IFC's $15 million inve…
Read more »06 April 2022
CDC Group, Africa’s oldest development finance institution, formally becomes British International Investment New name better reflects scope of UK’s development finance institution British International Investment to play key role in fighting the c…
Read more »04 April 2022
The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the Afr…
Read more »04 April 2022
BluePeak Invests in ieng BluePeak Private Capital’s investment supports ieng’s strategic objective to: Expand its presence across the continent Increase and improve mobile and internet connectivity in Africa through: (i) reliable servic…
Read more »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 »01 April 2022
Following an earlier report by Nairametrics on the acquisition of a minority stake in Medplus Limited (Medplus) by Verod Capital Limited Management, the private equity firm has confirmed that it has indeed completed the acquisition of a significant minori…
Read more »01 April 2022
SIERRA LEONE – Kings Beverages, a soft drinks and fruit juices producer in Sierra Leone, has received a US$5m financial backing from international financial institution, IFC, and the Global Agriculture Food and Security Program, GAFSP. The loan, comprisi…
Read more »14 March 2022
AfricInvest FIVE joins mobility fintech Moove’s latest US$105m Series A2 funding round AfricInvest, a leading investment platform in Africa, is joining mobility fintech Moove’s latest US$105 million Series A2 equity and debt financing round through its I…
Read more »10 March 2022
The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund(le lien est externe), a debt fund established to promote private investments in energ…
Read more »04 March 2022
PRESS RELEASE Lagos, Nigeria, 4 March 2022 Aruwa Capital Management Invests in Koolboks A technology-enabled renewable energy refrigeration company for off-grid areas Aruwa Capital Management (“Aruwa”), an early-stage…
Read more »23 February 2022
Facility to strengthen FirstBank’s commitment to gender financing with US$30 million targeted to women-owned and led businesses Partnership will enhance funding to local SMEs to boost growth and promote financial and social inclusion across Nigeria Th…
Read more »21 February 2022
• Mobilised funds increase by 30%• New commitments in Latin America rise significantly• New business strategy: even stronger focus on impact and climate DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH can report a successful financial year …
Read more »17 February 2022
Freterium raises $4 million Seed Morroco-based digital trucking software startup Freterium, has raised $4 million in a Seed round led Partech, with participation from Y Combinator, Flexport, CDG Invest, Swiss Founders Fund, Outlierz Ventures, and angel…
Read more »16 February 2022
In the wake of the EU-Africa Business Forum, the European Investment Bank (EIB) has announced an additional €10 million through a first-loss equity investment in the Janngo Capital Start-up Fund as a flagship fund of the Boost Africa initiative.
This inv…
Read more »02 February 2022
Cairo, January 31, 2022 – To help medium-sized businesses in Egypt access the financing and tools they need to grow, create jobs, and overcome COVID-19 related challenges, IFC today announced an investment in a private equity fund managed by Ezdehar Manag…
Read more »26 January 2022
Old Mutual Alternative Investments (OMAI) through its Education Investment Impact Fund of South Africa (EduFund) has concluded a debt and equity investment worth ZAR 68 million. The investment is geared towards developing two new schools in KwaZulu-Natal …
Read more »26 January 2022
ACCRA, GHANA - JANUARY 26th 2022: OZÉ, the fintech startup which provides digital recordkeeping tools with embedded finance products to MSMEs across West Africa, announces it has raised $3M via a pre-Series A round led by major venture capital fund, Speed…
Read more »24 January 2022
Leading Africa-focused private investment firm Helios Investment Partners (“Helios”) is pleased to announce that it has secured an ESG-linked capital call facility for Helios Investors IV, L.P. (“Helios IV” or the “Fund”). Rand Merchant Bank and Standard …
Read more »19 January 2022
Montreal, January 2022 - FinDev Canada and its 2X Canada facility announced today a participation of up to US$ 13 million in Energy Entrepreneurs Growth Fund (EEGF). The Energy Entrepreneurs Growth Fund offers catalytic financing and technical assistance …
Read more »19 January 2022
Proparco is collaborating with South Africa's third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the context of the continuing Covid-19 crisis. South Africa…
Read more »13 January 2022
The COFINA Group is pleased to announce the new partnership with FMO, which has approved a EUR5mn investment with Fin'Elle, La Finance pour ELLE. The subsidiary of the COFINA Group is dedicated to supporting women entrepreneurs in Côte d'Ivoire and offeri…
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 »06 December 2021
Advanced technology drives Africa’s delivery of affordable climate-smart housing New development secures IFC-EDGE green buildings sustainable design certificate - creating resource-efficient and zero-carbon buildings at scale The 52 house community …
Read more »25 November 2021
CDC Group’s next five-year strategy builds on its understanding of evolving market dynamics, scales commitment to Africa and sets new ambitions for investing in innovation and digital transformation. Appoints Diana Layfield as its new Chair to succeed …
Read more »03 November 2021
CDC Group (“CDC”), the UK’s development finance institution; Finnfund, the Finnish Fund for Industrial Cooperation; Norfund, the Norwegian Government’s investment fund for developing countries; and New Forests, a global investment manager focusing on sust…
Read more »02 November 2021
Opportunity International, a longstanding global leader in providing financial services to lift people out of poverty, and Oikocredit, a social impact investor and worldwide cooperative promoting sustainable development through investments, today announc…
Read more »25 October 2021
Changing the way we travel and commute is an important issue – not just for Germany. In Africa too, planners are thinking about how to handle the increasing traffic. More and more people are using cars or motorbikes for private transportation to get aroun…
Read more »22 October 2021
Ouagadougou, Burkina Faso, October 20, 2021 - Africa REN, a pioneer in clean infrastructures in Africa, announces it has launched the construction of the Kodeni Solar power plant, near Bobo-Dioulasso, in Burkina Faso. With an installed capacity of 38MW, K…
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 »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 »14 June 2021
The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD and the European Investment Bank today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable eco…
Read more »09 June 2021
The critical role of development finance institutions (DFIs) in helping to achieve the Sustainable Development Goals is well documented (see additional resources below). As a DFI, FinDev Canada’s mission is impact-driven as we seek to deploy and mobilise …
Read more »18 March 2021
This investment in the US$538mn HSBC Real Economy Green Investment Opportunity (“REGIO”) fund makes Proparco one of its three founding investors. REGIO will invest in green bonds issued by private companies based in emerging countries in Asia, Africa and …
Read more »09 March 2021
IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund, are helping to increase access to digital payment solutions for small and medium-sized businesses in several countries in Africa through an investment in South Africa-b…
Read more »08 March 2021
The partnership aims to unlock investments in primary health care in underserved communities in Sub-Saharan Africa Philips and FMO announced today, at the occasion of the AHAIC 2021 conference, that they have signed a wider partnership agreement aimed at…
Read more »08 March 2021
The global investment opportunity to improve the lives of women and their families is becoming increasingly well recognised. According to IFC, women-led small and medium enterprises (SMEs) worldwide face a US$1.4trn shortfall in access to credit. A McKins…
Read more »05 March 2021
Washington, DC, March 5, 2021—IFC, a member of the World Bank Group, is investing in the global mobility platform Bolt to help expand access to mobility and delivery services in underserved urban areas in Africa and Eastern Europe—including in South Afric…
Read more »08 February 2021
LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, has integrated its direct impact investing activities into a newly formed and branded entity, Lightrock, a global private equity partnership …
Read more »23 July 2020
LeapFrog Investments Makes Three Leadership Appointments, Following Record Fundraise Experienced leaders will drive strong returns and governance for the leading impact investor LeapFrog Investments, the Profit with Purpose investment group whose compan…
Read more »20 July 2020
IFC, a member of the World Bank Group, is providing a loan of up to US$50mn to Access Bank Plc to help the bank increase liquidity to thousands of small and medium-sized enterprises (SMEs) in Nigeria which are navigating the economic challenges of COVID-1…
Read more »14 July 2020
FMO signed a USD 7.5 million investment in Komaza Group Inc., as part of a USD 28 million series B round with Novastar Ventures East Africa Fund, AXA Investment Managers (through the AXA Impact Fund: Climate & Biodiversity) and Mirova’s Land Degradati…
Read more »13 July 2020
IFC, a member of the World Bank Group, today announced a EUR25mn, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the Cov…
Read more »08 July 2020
IFC, a member of the World Bank Group, today announced a US$5.2mn loan to Nyaho Medical Centre to support the Ghanaian health care provider’s expansion outside Accra and the upgrade of its existing hospital so it can better serve its patients. IFC’s lo…
Read more »05 July 2020
IFC, a member of the World Bank Group, today announced a loan of up to US$100mn to Commercial International Bank (CIB), Egypt’s largest private bank, to help the bank increase support to clients and companies whose cash flows have been disrupted by the CO…
Read more »02 July 2020
Honoris United Universities, Africa’s first and largest pan-African network of private higher education institutions, today announced its expansion into West Africa by welcoming Nile University of Nigeria, known for its strong academic credentials and…
Read more »30 June 2020
IFC, a member of the World Bank Group, IFU, the Danish Investment Fund for Developing countries, and PROPARCO, member of the Agence Française de Développement (AFD) group, are providing an equity financing package of up to US$108.5mn to Humania, a priva…
Read more »30 June 2020
IFC, a member of the World Bank Group, today announced a US$185mn loan to The Standard Bank of South Africa Limited (SBSA) to help it expand its COVID-19 lending program to small and medium-sized enterprises (SMEs) and corporates affected by the pandemic.…
Read more »25 June 2020
Through a US$30mn investment in the first close of AfricInvest’s new multisector private equity fund, Proparco will support the development of strong local and regional consumer-driven businesses across Africa. AfricInvest is one of the pione…
Read more »25 June 2020
IFC, a member of the World Bank Group, is providing EUR10mn in financing to Tunisian date processing company VACPA, part of an effort to preserve jobs, especially for women, amid the COVID-19 pandemic.The company, the country’s largest exporter of dates, …
Read more »23 June 2020
In line with its vision to better manage the environment and support the socio-economic uplifting of the Region where it operates, Inside Equity Fund has committed to invest US$2.75mn in Alpha to finance the doubling of its waste collection and processing…
Read more »21 June 2020
IFC, a member of the World Bank Group, is investing up to US$10mn in a local Egyptian company to help it expand installation of digital prepaid and smart electricity meters in Egyptian homes. The investment will support government energy reforms to improv…
Read more »16 June 2020
IFC, a member of the World Bank Group, today announced a loan of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic.IFC’s loa…
Read more »16 June 2020
New financial center designed to support inward investment into Africa CDC to play key advisory role in creating new legal framework for financial hub CDC Group, the UK’s development finance institution and impact investor, today signed a pa…
Read more »16 June 2020
AVCA's Head of Research & Training, Enitan Obasanjo-Adeleye discusses the findings of AVCA's research on climate change, the implications of climate change on Africa's PE ecosystem and the role African PE can play in reducing the risks of climate chan…
Read more »16 June 2020
Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF To see the original article, please click here Politics, Philosophy and Economics of ODA in a time of COVID-19 In these unprecedented times, development assistance must shed the skin of its…
Read more »10 June 2020
Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to corporates that employ a large number of people. Sanlam has committed R2.25bn of its own capital to…
Read more »05 June 2020
On World Environment Day, FMO proudly presents its recent transaction with Miro Forestry, one of the largest forestry plantations in West-Africa. With this financing, Miro will expand its planted area, and set-up its plywood and pole production facilit…
Read more »04 June 2020
IFC, a member of the World Bank Group, has invested up to US$30mn in AfricInvest Fund IV. Read more.
Read more »04 June 2020
Projects support developing countries reeling from COVID-19 and include first transactions using equity and technical assistance The U.S. International Development Finance Corporation (DFC) Board of Directors has approved US$1bn of investments that will …
Read more »02 June 2020
EIB approves debt investment of US$10mn into the InsuResilience Investment Fund managed by Blue Orchard. Read more
Read more »02 June 2020
Àrgentil Capital Partners (“Àrgentil”) has provided additional debt and equity investment to support its portfolio company, Tempohousing Nigeria Limited (“THN”) which specialises in developing flexible and affordable residential and commercial spaces usin…
Read more »01 June 2020
The deal is one of the first investments under CDC’s Venture Scale-up Programme mPharma aims to dramatically reduce the cost of essential medicines in Africa, making quality healthcare affordable and accessible to all consumers in Africa To …
Read more »26 May 2020
The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcar…
Read more »22 May 2020
In order to support small and medium-sized companies following the Covid-19 outbreak the Swedish Development Finance Institution, Swedfund, now increases the liquidity available to these companies by lending 5 million EUR to Platcorp, a financial institut…
Read more »21 May 2020
Africa’s agricultural output is much lower than its potential. Africa has a quarter of the world’s agricultural land but produces less than a tenth of its food. In comparison, China has 10% of the agricultural land and produces 20% of the world’s food sup…
Read more »21 May 2020
RENEW and the Impact Angel Network Make Follow-on Investment in Ethiopia’s #1 Online Food Delivery Company in Response to Spike in Demand Due to COVID-19 Members of RENEW's Impact Angel Network (IAN) have funded a third investment in Roadrunner Technol…
Read more »18 May 2020
The loan strengthens FMO’s presence among financial institutions in francophone Africa, increasing access to finance for MSMEs FMO is pleased to announce the recent closing of multiple transactions to microfinance group Compagnie Financiere Africaine (CO…
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 »30 April 2020
Through a US$20mn equity investment in the SPE AIF I investment fund, Proparco supports SMEs undergoing periods of strong growth or transition, in the industrial, health and education sectors in Egypt, Morocco and Tunisia. SPE AIF I is a private equi…
Read more »10 April 2020
Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF Impact Investing seeped into the conscience of the investing ecosystem over a decade ago and refers to the varying degrees that investments can deliver positive social, developmental, econom…
Read more »03 April 2020
DEG has announced its investment of US$40mn into Kenyan agricultural commodity trader and supply chain manager ETC Group. To find out more, please click here.
Read more »19 March 2020
Funding enables the ongoing expansion of CrossBoundary Energy’s Commercial & Industrial solar services and is first stage of larger transaction to scale solar for businesses across Africa CrossBoundary Energy is currently operating or delivering mo…
Read more »16 March 2020
The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the Facility for Energy Inclusion or FEI. FEI is a targeted $400 million fund to …
Read more »12 March 2020
The Board of Directors of the African Development Bank approved, Thursday, March 11 in Abidjan, a stake of EUR12mn in the capital of the Yeelen fund dedicated to the financial sector. Yeelen Financial Fund LP is a 12-year investment fund domiciled in Mau…
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 »19 December 2019
DOB Equity wins the award for impact investment firm 2019 Leadership change as CEO Brigit van Dijk – van de Reijt will hand over her responsibilities to her colleagues Saskia van der Mast, Hayo Afman and Toine Huijbers per January 1st, 2020 DOB Eq…
Read more »06 December 2019
Natural Extract Industries provides additional income to 5000+ smallholder farmers while encouraging forest growth from planting vanilla Growth in consumers with a conscious fuels push for high-quality natural products, farm-to-fork traceability and …
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 »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 »28 October 2019
Moringa School is developing the next generation of tech leaders through market-driven education With a rising population, youth unemployment is one of the biggest challenges facing Kenya and Africa at large The investment in Moringa School will hel…
Read more »15 October 2019
Climate change poses an existential threat to our societies. Nowhere is this more apparent than in Africa – the most vulnerable continent to climate change, both in terms of impact and ability to mitigate damage... read more.
Read more »29 August 2019
Nairobi, Kenya – Credit Bank PLC has signed a KES 1bn equity investment with social impact investor Oikocredit today. The investment, which is subject to regulatory approvals, will see Oikocredit take a minority stake in Credit Bank Credit Bank int…
Read more »24 July 2019
Investment into Cropnuts – a leading Kenyan soil & crops testing and agri services company for East Africa Cropnuts will reach over 500,000 farmers by 2023, increasing crop yields and food security across Africa DOB Equity, a leading Dutch famil…
Read more »17 July 2019
AHL Venture Partners, a leading impact investment firm in East Africa, has today announced, acting as lead investor, an equity investment in a Kenyan company, Crop Nutrition Laboratory Services Limited (“Cropnuts”). The investment is a co-investment with …
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 »24 May 2019
Investment in Zanrec Ltd – a leading privately owned waste management company focusing on the hospitality sector on Zanzibar DOB’s first investment in a sector which is in need of long-term capital and innovation along the value chain, with a focus on …
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 »07 May 2019
Jibu Tanzania is part of the Jibu Global network, a social venture founded in 2012 and active in 5 African countries DOB Equity’s investment in Jibu Tanzania aims for the rapid expansion of a replicable distribution model in major cities across T…
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 »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 »11 December 2018
The Hague, December 11 2018 – Dutch Development Bank FMO has launched a global forestry investment programme, the most effective tool in the fight to mitigate the process of global climate change, with the initial extension of US$20mn in financing to pla…
Read more »10 December 2018
Investment into Kentaste – the leading coconut processing company in Kenya Substantial environmental and social impact through small-holder farmer support programs DOB Equity, a leading Dutch family-backed impact investor in East Africa, has invest…
Read more »23 November 2018
Investment into Ten Senses Africa – a leading organic and fair-trade macadamia processing company in Kenya Strong social and environmental impact through extensive farmer support along value chain and zero-waste processing DOB Equity, a leading Dut…
Read more »13 June 2018
In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15mn equity investment in Africa Food Security Fund (AFSF or "The Fund"), to support enterprises in agri-business SMEs and enhanc…
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 »19 April 2018
DOB Equity diversifies portfolio – now present in all five East African countries Sarura Commodities links quality grain farmers with local off-takers Provides training and expertise to increase both quality and volumes for the local market DOB Eq…
Read more »23 November 2017
Following the inaugural AVCA ESG Practitioners' Roundtable which took place on Monday 16th October 2017, led by the AVCA Sustainability Committee, we are pleased to announce the formation of an industry initiative to drive the adoption of Environmental, S…
Read more »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 »06 July 2017
In February, AVCA spoke to Clarisa De Franco, Head of Africa Funds, and Jeremy Cleaver, Portfolio Director, about CDC Group’s investment strategy over the next five years and the importance of development finance to Africa’s growth. We asked them to sha…
Read more »04 April 2017
Tuesday, 4th April 2017: The African Private Equity and Venture Capital Association (AVCA) today presented a short animated film illustrating the wide-reaching impact of private equity investment in Africa. Launched on Day One of the 14th Annual AVCA Con…
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 »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 »27 January 2016
LeapFrog Investments (“LeapFrog”), a specialist investor in emerging markets on Wednesday announced that LeapFrog has acquired a majority stake in UT Life Insurance Company Ltd (“UT Life”), one of the key players in the life insurance sector in Ghana. Thi…
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 »07 January 2016
Lagos, Nigeria, January 7, 2016 – IFC, a member of the World Bank Group; together with IFHA-II Cooperatief, a private equity fund focused on investing in the healthcare sector in Sub-Saharan Africa; Swiss Re, the reinsurance company; and CIEL Healthcare A…
Read more »18 December 2015
The fund I&P Afrique Entrepreneurs (IPAE) welcomes a new company in its portfolio by partnering with the bakery Tincy, based in Benin. IPAE follows an active investment pace in Sub-Saharan Africa with six field offices based on the continent, in West …
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 »10 September 2015
Bamako, Mali, September 10 2015: Injaro Agricultural Capital Holdings Limited (“IACHL”), the impact investment fund managed by Injaro Investments, announces its second investment in Mali’s agricultural sector. IACHL has signed an agreement to invest in Co…
Read more »26 February 2015
LeapFrog Investments is investing US$25m in AFB Mauritius Limited (“afb”). afb is a disruptive financial technology platform that offers life-changing financial tools to financially-excluded consumers and small businesses in sub-Saharan Africa. afb partn…
Read more »
Who will be in #Cairo for #AVCA2023 Panel 5: Frontier Markets – Outside the Big 4 This panel observes the… https://t.co/gH7T0zLSoC
💧 This #WorldWaterDay we spotlight @IFC_org who works with clients in #emergingmarkets to build innovative, market-… https://t.co/Fif0aM4DtJ
RT @BritishIntInv: For #InternationalDayofForests we're celebrating our partnerships to scale sustainable forestry in Africa. This include…
Hear what delegates had to say about the #AVCA2022 #PrivateEquity Conference... #AVCA2023 Agenda:… https://t.co/JpmkXjkeyl
This #InternationalDayofForests we spotlight @norfund and @BritishIntInv and their investment in the African… https://t.co/1OsaYkVHw8
