Impact Investing

LeapFrog Investments Makes Three Leadership Appointments, Following Record Fundraise

23 July 2020

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

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IFC Supports Access Bank with US$50mn Loan to Strengthen Local Businesses in Nigeria in the Wake of COVID-19

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…

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FMO invests US$7.5mn into sustainable forestry company Komaza

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…

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IFC invests EUR25mn in Ivorian bank NSIA Banque Côte d’Ivoire

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…

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IFC provides US$5.2mn loan to Ghanaian healthcare business Nyhao Medical Centre

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…

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IFC provides US$100mn loan to Egypt’s largest private bank

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…

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Actis-backed education platform, Honoris United Universities announces expansion with the acquisition of Nile University of Nigeria

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…

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IFC, IFU and Proparco invest US$108.5mn into North African healthcare company Humania

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…

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IFC supports The Standard Bank of South Africa with US$185mn loan

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.…

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Proparco commits US$30mn into Africinvest Fund IV

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…

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IFC invests EUR10mn into Tunisian Date Exporter VACPA

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, …

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Inside Capital Partners announces fifth investment

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…

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IFC Invests in Globaltronics to Help Expand, Improve Energy Efficiency in Egypt

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…

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IFC Provides Loan to Nigeria’s Zenith Bank to Support SMEs, Address Challenges Related to COVID-19

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…

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CDC Group signs partnership memorandum with Rwanda Finance for the Development of the Kigali International Financial Center

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…

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The PPE of Overseas Development Assistance

16 June 2020

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

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AVCA featured in Africa Global Funds (Subsription Content)

16 June 2020

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

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Sanlam launches urgent job-preservation initiative in response to COVID-19

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…

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FMO increases support for Miro Forestry on World Environment Day

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…

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IFC commits up to US$30mn to AfricInvest Fund IV

04 June 2020

IFC, a member of the World Bank Group, has invested up to US$30mn in AfricInvest Fund IV. Read more.

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AfricInvest recieves US$30mn commitment from U.S. International Development Finance Corporation

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 …

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EIB approves debt investment of US$10mn into the InsuResilience Investment Fund

02 June 2020

EIB approves debt investment of US$10mn into the InsuResilience Investment Fund managed by Blue Orchard. Read more

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Àrgentil’s follow-on investment in Tempohousing Nigeria Limited

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…

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CDC Group announces co-investment in mPharma under Venture Scale-Up Programme

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 …

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Swedfund supports healthcare actors in Nigeria, Madagascar and India with Covid-19 related emergency response

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…

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​Swedfund supports SMEs in East Africa with EUR5mn

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…

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Flourish Ventures leads Series A round in Apollo Agriculture

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…

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RENEW Make Follow-on Investment in Ethiopia’s #1 Online Food Delivery Company

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…

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FMO collaborates with COFINA, one of the few home grown microfinance groups in Africa

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…

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

08 May 2020

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

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Proparco invests US$20mn in SPE AIF I fund to support SMEs in North Africa

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…

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Impact Investing: Profit with Purpose

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, econ…

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DEG invests US$40mn into agricultural commodity trader and supply chain manager ETC Group

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.

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CrossBoundary Energy receives US$16.5mn commitment from ARCH EM Partners

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…

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The African Development Bank’s Facility for Energy Inclusion attracts US$160mn in commitments for small-scale renewable energy

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 …

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The African Development Bank enters the capital of the investment fund Yeelen Financial Fund LP

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…

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

20 January 2020

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

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DOB Equity awarded impact investor and transition to new leadership

19 December 2019

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

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DOB Equity invests in NEI, the leading natural vanilla flavour manufacturer in Tanzania

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 …

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

28 November 2019

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

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

07 November 2019

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

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DOB Equity invests in Nairobi-based technology learning accelerator Moringa School

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…

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Climate-smart private equity investors take leadership in Africa

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.

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Oikocredit signs KES1bn Equity Investment in Credit Bank

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…

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DOB Equity expands agri portfolio with investment in leading Kenyan laboratory services company Cropnuts

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…

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AHL Venture Partners leads an equity investment in Kenyan company Crop Nutrition Laboratory Services Limited

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 …

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Axis launches investment platform, MIFGA

24 May 2019

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

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DOB Equity invests in East African waste management sector

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 …

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

10 May 2019

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

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DOB Equity expands FMCG exposure by investment in drinking water provider Jibu Tanzania

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…

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Building Prospects: enabling high impact for people

09 April 2019

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

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

28 January 2019

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

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FMO Launches Global Forestry Program to Mitigate Climate Change with West African and SE Asian Investments

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…

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DOB Equity continues rapid expansion of health conscious agri portfolio with investment in Kentaste

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…

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Impact investor DOB Equity expands their agri portfolio to include Kenyan macadamia processing company

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…

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AfDB approves US$15mn equity investment in Africa Food Security Fund to boost agri-business in Africa

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…

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

14 May 2018

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

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DOB Equity makes first impact investment in Rwanda by investing in quality grain trader Sarura Commodities

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…

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Round-Up: Inaugural AVCA ESG Practitioners' Roundtable

23 November 2017

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

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FMO signs MOU to increase funds for energy sector

24 October 2017

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

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CDC Group: Investing to transform lives

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…

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New AVCA Video: Building A Sustainable Future for Africa - Our Common Purpose

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…

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

21 February 2017

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

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

29 June 2016

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

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LeapFrog invests in Ghana’s UT Life

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…

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LeapFrog launches US$350mn investment partnership

21 January 2016

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

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IFC invests in Hygeia Nigeria Limited

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…

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Investisseurs & Partenaires completes Tincy Boulangerie investment

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 …

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LeapFrog Investments receives US$200m commitment

10 December 2015

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

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Injaro invests in Mali’s Seed Sector

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…

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LeapFrog invests US$25mn in AFB Mauritius Limited

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…

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AVCA Member News: Development Partners International’s African Development Partners III Fund chosen as the first 2X… https://t.co/SUvJxhSFhv

AVCA Member News: Inside Capital Partners portfolio company KCB merges with Beta Read more: https://t.co/bGB4YQjA98

We are pleased to present our 2020 H1 African Private Equity Data Tracker. The report provides a provisional look… https://t.co/U6NBsOP2BT

@fDiIntelligence: The resilience of investment in Africa’s technology sector mirrors the growth of the African tec… https://t.co/TJ8CGqK9qn

AVCA Member News: CDC, FMO, Norfund et al. back Greenlight Planet Read more: https://t.co/CmZZUf3ZlG