Investments

AIIM invests in nine new Independent Power Projects under the SA government’s Renewable Energy Independent Power Producer Procurement programme

20 August 2018

Cape Town, South Africa - African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), has acquired through i…

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Amethis acquires a minority stake in maize and wheat producer Merec Industries

24 July 2018

Amethis, acquired a minority stake in the Merec Industries, leader in the production and distribution of wheat and maize based products in Mozambique. Amethis Fund II, alongside its partners Kibo Fund II and Proparco are pleased to announce their partner…

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TPG’s Rise Fund buys stake in Botswana-based ecotourism operator, Wilderness Holdings

12 July 2018

San Francisco and Gaborone - The Rise Fund, a global investment fund committed to achieving measurable social and environmental outcomes alongside competitive financial returns, today announced its second investment in Africa in Botswana-born Wilderness H…

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SIFEM commits US$10mn to Ethos Mezzanine Partners III

14 June 2018

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

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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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SIFEM commits US$10mn to Frontier Energy II

13 June 2018

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

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Africa’s Private Debt Goes Digital

31 May 2018

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

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Swedfund invests in TLG Credit Opportunities Fund

02 May 2018

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

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Centum attracts new shareholder in Kuramo Capital

21 March 2018

GenAfrica Asset Managers Limited (“GenAfrica”, or the “Company”) and Centum Investment Company PLC (“Centum”) are pleased to announce a new partnership with Kuramo Capital Management, LLC (“Kuramo”), that will result in Kuramo acquiring a majority stake i…

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Sahel Capital Announces Investment in Coscharis Farms Limited

20 March 2018

Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”), and Coscharis Group, a Nigerian Conglomerate with interests across several sectors of the Nigerian economy, are pleased to announce that definitive agreements have be…

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Inspired Evolution partners with Alten Africa to develop and operate solar PV Power Stations across Africa

14 March 2018

Inspired Evolution has signed a deal to invest up to US$36mn in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will scale Alten Africa’s e…

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Blended Finance – A tool for driving private equity investment in Africa

21 February 2018

The 2017 African Economic Outlook predicts that Africa’s average growth is expected to reach 4.3% in 2018. The private equity (PE) and venture capital industry in Africa continues to witness strong performance across diverse sectors. Returns to investors …

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Investec makes further equity investment in Mobisol

20 February 2018

Investec Asset Management (Investec), through its Africa Private Equity capability, recently concluded a further equity investment in Mobisol, following the initial investment made in 2016 and a follow-on investment made in 2017. The investment was led by…

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Ascent acquires majority stake in Auto Springs East Africa, in its second Kenyan deal

12 February 2018

Auto Springs East Africa is a leading Original Equipment Manufacturer and supplier for the motor industry in East Africa First investment in the auto-mobile industry in the region for Ascent Rift Valley Fund Debt financing for the transaction provided…

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EXEO Capital’s Agri-Vie fund invests in TerraSan

07 February 2018

EXEO Capital has announced an investment into a fast-growing aquaculture company operating on the South and West coasts of South Africa – TerraSan. Kennett Sinclair, partner at EXEO Capital – an Africa-focused private equity manager – says that as wild-ca…

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AIIM and Helios invest in Nigerian energy services company, Starsight Power Utility

05 February 2018

African Infrastructure Investment Managers (AIIM), one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments (OMAI), today announces an investment in Starsight Power Utility Ltd (Starsight). AIIM …

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Amethis acquires a significant minority stake in Groupe Premium

02 February 2018

Amethis acquires a significant minority stake in Groupe Premium to support this leading industrial equipment distributor in its African expansion. Amethis is happy to announce its partnership with Groupe Premium, the leading industrial equipment distribu…

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Mediterrania Capital Partners invests in Cairo Scan Radiology and Labs S.A.E.

01 February 2018

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a stake in CAIRO SCAN, a private provider of medical imaging services and diagnostics in Eg…

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AIIM acquires minority stake in the Amandi IPP

30 January 2018

African Infrastructure Investment Managers (AIIM), one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments (OMAI), today announces its acquisition of a minority stake in the Amandi IPP power pla…

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Investec portfolio company secures global investment from Virgin Group and Smollan

30 January 2018

Investec Asset Management portfolio company wiGroup, a mobile transacting software company, has secured an equity investment from two leading global companies to fast-track its entry into emerging and developed markets. The Virgin Group’s global investmen…

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DOB Equity invests in Sendy, East African on-demand delivery services platform

30 January 2018

The investment will be used to broaden Sendy’s service offering, expand its team, and prepare for expansion into East Africa An efficient logistics sector and access to affordable, high-quality distribution services enable companies to accelerate growt…

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Investec's EAIF backs power station refinancing in Mozambique

22 January 2018

Boosts national base-load Monetises the gas resource of the country Strategic economic development asset in fragile, poor and underdeveloped country One of Mozambique’s newest and strategically most important power stations has been refinanced with…

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TPG Growth to Acquire TRACE, an African music and entertainment company

19 January 2018

Leveraging its global experience in media, entertainment and technology, TPG Growth to partner with TRACE’s co-founder and management to build a global leader for Afro-urban music and entertainment. TPG Growth, the middle market and growth equity investm…

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

18 January 2018

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

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

17 January 2018

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

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Mediterrania Capital Partners leads consortium investing EUR55mn in TGCC, Morocco

16 January 2018

Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition through its third fund (MC III) alongside DEG, Proparco and South Suez, of a stake in “Travaux…

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Injaro invests in Niger's poultry sector

15 January 2018

Injaro Investments is pleased to announce an investment in AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the deficit of protein foods in Niger. Injaro co-invested with …

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DEG invests in mobile money technology provider in Ethiopia

12 January 2018

Equity capital of EUR4mn for M-BIRR Around 100 million people live in Ethiopia. More than three quarters do not have any access to banking services. The cashless money transfer and payment service (M-BIRR) provides an alternative to a bank branch by enab…

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Amethis acquires minority stake in Afriwara

01 January 2018

Amethis, a leading African investment firm is pleased to announce the acquisition of a minority stake in Afriwara Group, a key player in confectionery and biscuits in West Africa. For Afriwara, this partnership is a strategic move to boost its ambitious d…

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Oasis Capital Ghana Invests in Legacy Girls College

20 December 2017

Private Girls Secondary School in Ghana Receives Equity Investment  Oasis Capital Ghana, an Accra-based private equity fund manager, is pleased to announce an investment in Legacy Girls College, a private girl’s high school operating in Ghana. The invest…

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Abraaj agrees to invest in Tunisie Telecom

13 December 2017

The Abraaj Group (“Abraaj” or the “Group”), a leading investor operating in growth markets, announced today it has entered into a definitive agreement to purchase, through its Funds, a significant minority stake in Société Nationale des Télécommunications…

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Àrgentil acquires 49% stake in Chocolate City Lounge

08 December 2017

Àrgentil Capital Partners (Àrgentil) has acquired a 49% stake in Chocolate City Lounge, a Nigerian based Restaurant and Lounge Company. Àrgentil will also provide Chocolate City Lounge with debt funding. The investment is being done via the Àrgentil Prin…

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Investec makes follow-on investment in Mobisol

30 November 2017

Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Inv…

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Deal Origination 2.0 - Digital deal sourcing and the future of African private equity

28 November 2017

Deal origination is a labour-intensive process, especially when conducted through traditional methods such as accessing business owners in the immediate network, screening inbound leads, engaging with investment intermediaries, and proprietary research fo…

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Convergence Partners acquires stake in ESET Southern Africa

09 November 2017

At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners.  ESET Southern Africa is the…

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Kibo Capital Partners acquires stake in Tropigalia

08 November 2017

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

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XSML invests in mobile money provider

06 November 2017

Today, XSML, the fund manager active in Central & East Africa, announced its fourth investment in Uganda in Telcare Ltd. Telcare, under its brand name Go-Phones, is an operator of mobile money kiosks in Uganda. Telcare has 39 kiosks and four shops loc…

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DiGAME acquires strategic stake in 10X Investments

03 November 2017

DiGAME Investment Company, a key investor in leading online education game-changer GetSmarter, today announced that it had made a strategic investment in 10X Investments, a South African tech-enabled asset manager, alongside existing shareholder Old Mutua…

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Investec completes buy-out of Botswana-based retailer

25 October 2017

Investec Asset Management, through its Africa Private Equity capability, in a consortium with RMB Ventures, local partners, and senior management have completed a buy-out of Kamoso, a Botswana-based retailer and consumer goods company. The transaction is …

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

18 October 2017

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

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Carlyle to acquire NOSA Group at ZAR750mn

13 October 2017

Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to acquire the NOSA Group from Johannesburg Stock Exchange-listed MICROmega Holdings for approximately ZAR750mn. The transaction is expected to close in th…

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Musa Capital Namibia acquires Swanib Cables

09 October 2017

The Namibian Mid-Cap Fund (NMCF) completed its acquisition of 100% of the shareholding in Swanib Cables from Powertech International Holdings, part of the JSE listed Altron Group. Swanib Cables, a distributor of electric cables, transformers and fibr…

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CDC Group invests US$40mn in Africa Capitalworks

05 October 2017

CDC Group plc, the UK’s development finance institution, is today announcing a US$40mn investment in Africa Capitalworks (ACW), an investment company that will provide permanent equity capital to growing mid-market companies across sub-Saharan Africa. …

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AfricInvest acquires 14.3% stake in Britam Holdings Plc.

03 October 2017

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

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Vakayi Capital announces first investment in Zimbabwe

03 October 2017

Vakayi Capital, a venture capital firm, has availed about US$400,000 to Homelux Property Development which will go towards the development of residential stands in Tynwald Harare. Vakayi is an SME-focused fund which was established last year. It has to da…

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AFIG Funds invests in First Atlantic Bank, Ghana

25 September 2017

Advanced Finance & Investment Group (AFIG Funds) finalized its agreement to invest in First Atlantic Bank (FABL), Ghana, through AFIG Fund II. The Fund’s investment is subject to regulatory approval. First Atlantic Bank is a full-service universal ba…

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AFIG Funds invests in FSDH Merchant Bank

25 September 2017

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

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Amethis Healthcare platform, Novamed, acquires PCIO

25 September 2017

Amethis healthcare platform Novamed has completed the acquisition of Polyclinique Internationale de Ouagadougou (PCIO) in Burkina Faso, one of the largest private hospital in the country. This first acquisition is part of the ambitious expansion strategy …

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African Development Bank approves EUR15mn investment in Mediterrania Capital Partners

22 September 2017

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

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

10 September 2017

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

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Amethis acquires minority stake in Sodigaz, Burkina Faso

04 September 2017

Amethis is happy to announce the acquisition of a minority stake in the Sodigaz Group, leader in the distribution of LPG bottled gas in Burkina Faso. This transaction was concluded via Amethis West Africa, its investment vehicle dedicated to West Africa. …

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East Africa: A Rising Hub

03 August 2017

Being local is key. Simply put, it helps us to identify great businesses, work in partnership with investee companies, and manage risks. That philosophy has always been core to the investment thesis across each of the markets we work in and Africa is no e…

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Helios acquires African fertilisers and inputs operations from Louis Dreyfus Company

24 July 2017

Helios Investment Partners (Helios), the leading Africa-focused private investment firm, has today announced the acquisition of 100% of Fertilizers and Inputs Holding B.V. (the Company), which holds Louis Dreyfus Company’s (LDC) Africa-based fertilizers a…

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Verod invests in Greensprings Educational Services

24 July 2017

Verod Capital Management (Verod), a leading West African private equity firm, has entered into an agreement to acquire a significant minority stake in Greensprings Educational Services Ltd (Greensprings). The investment will be made through Oreon Educatio…

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XSML invests in Monishop, Congo-Kinshasa

07 July 2017

XSML, the fund manager active in Central & East Africa, announced its investment in Monishop sarl (Monishop), a well-known supermarket in Kinshasa, DRC. Since inception Monishop has grown to become the leading supermarket in Kinshasa in terms of produ…

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The Abraaj Group to acquire Java House from ECP

03 July 2017

The Abraaj Group (Abraaj or the Group), a leading investor operating in growth markets, announced today it has entered into a definitive agreement to purchase, through its Funds, 100% of Java House Group (Java House or the Company), East Africa’s leading …

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Kibo Capital invests in Blowplast Limited

02 July 2017

Kibo Capital Partners (KCP) today announced an investment in Blowplast Limited (Blowplast), a leading producer of plastics packaging solutions in Kenya. The capital invested in the company will support Blowplast’s expansion in East Africa and beyond. The …

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LeapFrog invests US$180mn in Enterprise Group

26 June 2017

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

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XSML invests in Maison Galaxy, Congo-Kinshasa

16 June 2017

Today, XSML, the fund manager active in Central & East Africa, announced its investment in Maison Galaxy sarl (Galaxy), a retail chain based in Kinshasa, DRC, known for its Shaina and Galaxy branded stores. Galaxy has been successful in tapping into t…

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AIIM acquires 44% stake in Mali Energy Farm

13 June 2017

African Infrastructure Investment Managers (AIIM), the continent’s most experienced equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali. Albatros Energy Mali will build, own, operate and tran…

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AfricInvest invests in International Community School, Ghana

06 June 2017

AfricInvest, a leading pan-African mid-cap-focused Private Equity firm, is pleased to announce that its AfricInvest Private Equity Fund III has invested in International Community School Limited (ICS), a leading private K-12 school in Ghana. Through its …

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Catalyst acquires strategic interest in Kensta Group

31 May 2017

Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority interest in Kensta Group (Kensta).  Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East …

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XSML announces first investment in Uganda in consumer goods wholesaler

23 May 2017

Today, XSML, the fund manager active in Central & East Africa, announced its first investment in Uganda in KARE Distribution (KARE), a distributor and wholesaler of essential consumer goods based in Uganda. As a distributor, KARE helps locally manufa…

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Convergence Partners backs pan-African wholesale broadband provider, CSquared

18 May 2017

Convergence Partners recently signed an agreement with Google, International Finance Corporation (IFC) and Mitsui & Co., Ltd. (Mitsui) to invest in CSquared, a broadband infrastructure company headquartered in Nairobi, Kenya. The partners have agreed …

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IFC Invest in CSquared to Improve Broadband in Africa

17 May 2017

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

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Synergy Capital Managers invests in Dimension Data

17 May 2017

Synergy Capital Managers is pleased to announce the completion of its tenth investment, through its Synergy Private Equity Fund (SPEF),  in Dimension Data Nigeria Limited and Dimension Data Ghana Limited via the acquisition of the Nigerian and Ghanaian su…

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DOB Equity backs Africa Logistics Properties Holding

10 May 2017

DOB Equity, a leading Dutch family office, will invest up to US$4mn in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya, to allow the firm to build warehousing developments and expand its operations…

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Oasis Capital Ghana invests in Everpure Holdings

28 April 2017

Oasis Capital Ghana, managers for Ebankese Venture Fund (EVF) and Oasis Africa VC Fund (OAF), are pleased to announce their investment in Everpure Holdings Ltd (Everpure), a water bottling company operating in Ghana. The investment was made out of OAF, an…

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Catalyst acquires stake in Kensta Group

24 April 2017

Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority interest in Kensta Group (Kensta).  Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East …

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8 Miles acquires 20% stake in Blue Skies

13 April 2017

8 Miles LLP, the pan-African Private Equity firm, today announces an investment in Blue Skies, a UK-incorporated business with operations in several African countries that is the leader in the production of fresh-cut tropical fruit for UK and Western Euro…

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Investec Asset Management invests in SJL Group

11 April 2017

Investec Asset Management (IAM), through its Africa Private Equity capability, has completed the management buy-out of 100% of SJL Group. SJL is the market-leading transport and logistics operator providing fully integrated cross-border services on the Mo…

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Synergy Capital Managers invests in Northstar

11 April 2017

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Northstar Finance Services Limited (Northstar), a financial services platform providing solutions across the financial service value chain in select countries ac…

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Kibo Capital invests in Rwandan bank

06 April 2017

Kibo Capital Partners, a manager of regional private equity funds, today announced an investment by Kibo II in I&M Bank Rwanda, the oldest and one of the most profitable banks in Rwanda.  “Our investment in I&M Rwanda (IMR) builds on a long relat…

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Ascent Capital invests in Kisumu Concrete Products

16 March 2017

Kisumu Concrete Products Limited (KCP), a construction materials manufacturer, has today announced the completion of an investment deal with Ascent Rift Valley Fund, making it the first company to attract Private Equity funding in Kisumu County and the la…

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Sahel Capital invests in Crest Agro Products

13 March 2017

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

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Private Equity in Africa steps up a gear in 2016

28 February 2017

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

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Amethis and Metier acquire significant minority stake in Kenafric

20 February 2017

Amethis Finance and Metier are pleased to announce their partnership with Kenafric Industries (Kenafric), in the acquisition of a significant minority stake in their packaged food business. The Kenafric Group was founded in 1987 by Velji Punja Shah a…

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AIIM acquires majority stake in DSM Corridor Group

02 February 2017

African Infrastructure Investment Managers (AIIM), a leading African infrastructure equity investment manager and member of Old Mutual Alternative Investments (OMAI), has announced the successful acquisition of a 60% effective interest in DSM Corridor Gro…

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Carlyle to acquire majority stake in credit rating agency

18 January 2017

Global Alternative Asset Manager The Carlyle Group (Carlyle) today announced that it has agreed to acquire a significant stake in Africa’s largest credit rating agency GCR from the management founders, and German development financial institution DEG.  Fo…

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AfricInvest invests in Azalaï Hotels SA

03 January 2017

AfricInvest III LLC, a fund managed by AfricInvest Group has completed a EUR17.3mn equity investment in Azalaï Hotels SA, the holding company of one of the main Pan-African hospitality groups in the ECOWAS region with nine hotels representing a total capa…

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DOB Equity invests in Countryside Dairy

15 December 2016

DOB Equity has announced today that it has taken up a stake in Countryside Dairy Ltd at a publicly undisclosed value as part of a commitment to increase social impact investment deals in Kenya. By investing in Countryside Dairy Ltd, the Private Equity fu…

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Synergy Capital Managers invests in MSY Analytics Group

02 December 2016

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

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LeapFrog acquires a majority stake in GoodLife Pharmacy

24 November 2016

LeapFrog Investments, a leading specialist investor in emerging markets, today announced its acquisition of a US$22mn majority stake in Kenya’s GoodLife Pharmacy, the largest direct investment in the East African retail pharmacy sector to date. LeapFrog …

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Flint Atlantic invests in Africa Healthcare Network

10 November 2016

Flint Atlantic Capital Partners (Flint Atlantic), a Nigerian based healthcare impact investment firm, has announced an investment into Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda. The investment was made …

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Abraaj acquires stake in Sub-Saharan African urea fertiliser manufacturer

13 October 2016

The Abraaj Group (Abraaj or the Group), a leading investor operating in global growth markets, today announced that it has acquired a minority stake in Indorama Fertilizers B.V. (Indorama Fertilizers), the largest urea fertilizer manufacturer in Sub-Sahar…

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Synergy Capital Managers invests in Ghanaian multiproduct company

12 October 2016

Synergy Capital Managers (Synergy), through its Synergy Private Equity Fund (SPEF), has completed an equity investment in Vester Oil Mill Limited Ghana (Vester), a multiproduct company producing oilseed meals and oilseed crude oils including soybean, palm…

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Mediterrania Capital Partners invests in Moroccan university

12 October 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, Mediterrania Capital II, of a stake in Université P…

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Catalyst Principal Partners acquires stake in Tanzanian pharmaceutical manufacturer

10 October 2016

Catalyst Principal Partners (Catalyst), a leading East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories Ltd. in Tanzania. Zenufa is one of the leading pharmaceutical manufacturers in Tanzania with its factory r…

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Investec acquires stake in off-grid solar home system company

04 October 2016

Investec Asset Management, through its Africa Private Equity capability, has acquired a significant shareholding in Mobisol, a leading provider of off-grid solar home systems (SHS) in Africa. Investec Asset Management will partner with Mobisol’s founder m…

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DEG invests EUR10mn in clean energy fund

04 October 2016

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

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DPI acquires stake in Général Emballage, an Algerian packaging business

30 September 2016

Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has acquired through its ADP II fund a stake in Général Emballage, the leading packaging business in Algeria, which specialises…

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Carlyle acquires South African clothing and promotional products supplier

28 September 2016

Global Alternative Asset Manager, The Carlyle Group (Carlyle), today announced that it has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighbouring cou…

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Proparco invests in Sub-Saharan African insurance company

26 September 2016

The insurance sector is an engine for the economic and social development of Africa. It is for this reason that Proparco is supporting the expansion of Activa Group via an equity investment. Proparco has committed a EUR10mn equity investment in Activa Gr…

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AfricInvest makes first two investments with Siparex (French Press Release)

22 September 2016

Lancé en juillet 2016, le fonds de Co-Localisation Franco-Tunisien (FCFT) géré par Siparex et AfricInvest, destiné à développer le partenariat économique entre la France et la Tunisie, réalise deux premières opérations, en investissant dans le groupe MAS,…

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Helios signs US$115.8mn deal with Oando PLC

22 September 2016

Oando PLC ( Oando or the Group), an integrated oil and gas company headquartered in Nigeria, has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (Helios), to acquire 49% of the voti…

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DPI invests US$100mn in Atlantic Business International

13 September 2016

Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has agreed to subscribe to a US$100mn capital increase through its ADP II Fund in Atlantic Business International (ABI). ABI is…

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Sahel Capital in Dayntee Farms deal

02 August 2016

Sahel Capital, Fund Managers for the Fund for Agricultural Finance in Nigeria (FAFIN), announced its most recent investment – in Dayntee Farms Limited, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria.  Founded in …

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AFC fuels expansion at New Age with new investment

22 July 2016

Africa Finance Corporation (AFC) has announced that it is acting as lead arranger for an up to US$425mn senior mezzanine facility for New Age (African Global Energy) Limited (New Age), a privately held oil and gas exploration, development, and production …

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DPI invests in household appliances firm, B.TECH

21 July 2016

Development Partners International (DPI), one of the leading African private equity specialists with US$1.1bn under management, has through its ADP II fund concluded an investment and strategic partnership with Egypt’s leading household appliances and con…

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

18 July 2016

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

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CDC makes new investment in Africa Internet Group

13 July 2016

CDC, the UK’s development finance institution, announced a EUR50mn equity investment in Africa Internet Group (AIG). AIG is the parent company of Jumia, Africa’s leading e-commerce firm, as well as nine other online consumer businesses operating in 23 cou…

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Actis' Lekela commits to funding Taiba Ndiaye Wind Project

28 June 2016

Lekela Power, a joint venture between leading growth markets investor, Actis (US$6.3bn funds under management) and global renewable energy developer, Mainstream Renewable Power (over 10,000 MW in development, construction and operations) announced the acq…

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Denham Capital to finance GreenWish Partners' renewable energy portfolio expansion

28 June 2016

Denham Capital, a leading global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, today announced a partnership to develop, build and finance a portfolio of 600 megawatts (M…

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Injaro invests in Gold Coast Fruits

22 June 2016

Injaro Agricultural Capital Holdings Limited (IACHL), the impact investment fund managed by Injaro Investments, announces an investment in Ghana’s pineapple sector. IACHL, through its Ghanaian subsidiary Injaro Agricultural Venture Capital Limited (IAVCL)…

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Helios acquires majority stake in Telkom Kenya

21 June 2016

UK private equity firm, Helios Investment Partners, announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, L.P. (a fund advised by Helios Investment Partners LLP) fo…

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Old Mutual Alternative Investments makes ZAR380mn affordable education investment deal

21 June 2016

Barnstone Education and the Schools and Education Investment Impact Fund South Africa (an initiative established for the provision of low fee independent schools and managed by Old Mutual Alternative Investments) have announced an additional investment as…

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Mediterrania Capital Partners invests in MedTech Group, the no.1 IT business solutions provider in Morocco

07 June 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, Mediterrania Capital II, of a stake in MedTech Grou…

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Actis invests in Mundiapolis University

26 May 2016

Actis has invested in Mundiapolis University (Mundiapolis), a top ranking private university in Morocco, as a bolt-on acquisition to its investment in Emerging Markets Knowledge Holdings. Actis is investing in Mundiapolis to support an ambitious developme…

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The Carlyle Group invests in Mazarine Energy

25 May 2016

The Carlyle Group announced an investment in Mazarine Energy B.V., an upstream oil and gas company with existing assets in Tunisia. Carlyle will also grant Mazarine Energy access to an equity line of up to US$500mn to fund future bolt-on acquisitions, foc…

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IFC backs African real estate company, Growthpoint Investec

19 May 2016

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

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CDC Group invests in East Africa's ARM Cement

10 May 2016

CDC Group plc (CDC), the UK’s development finance institution, has announced a new US$140mn investment designed to boost the local supply of cement in East Africa and promote infrastructure development. CDC is investing in ARM Cement Limited (“ARM”), a p…

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Adenia Partners invests in leading pharmaceutical distributor in Madagascar

03 May 2016

Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has backed Opham, the leading pharmaceutical products wholesaler in Madagascar. Opham distributes more than 4,500 specialty and gener…

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

27 April 2016

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

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8 Miles investment in Ethiopian agribusiness

27 April 2016

8 Miles LLP, the pan-African Private Equity firm announced an investment in Verde Beef Processing PLC, an Ethiopian agribusiness that specialises in producing premium beef in Adami Tulu, Oromia in Ethiopia. The investment of new money will give 8 Miles a …

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Mediterrania Capital Partners invests in Cieptal Cars

27 April 2016

Mediterrania Capital Partners, the regional private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 43% stake in Cieptal Cars through its second fund Mediterrania Capital II (“M…

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

27 April 2016

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

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Catalyst Principal Partners announces investment in Kenya-based Orbit Chemical Industries

25 April 2016

East Africa focused private equity firm Catalyst Principal Partners has announced its investment in Orbit Chemical Industries Ltd. The investment enables Orbit Chemical’s ambitious expansion plans by increasing capacity of its existing lines, extending it…

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Kibo Capital makes investment in General Cargo Group, Kenya

18 April 2016

Kibo Capital Partners, a manager of regional private equity funds, announced today an investment in General Cargo Group, a leading provider of logistics services in Kenya by Kibo Fund II. Kibo has partnered with Velogic, a Mauritius based regional logisti…

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PCM Capital backs Surfline Communications

12 April 2016

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

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Helios completes Crown Agents deal

31 March 2016

Helios, the pan-African investment firm, is set to deliver a postcolonial turnround with a deal for key divisions of Crown Agents — a company which was once a pillar of the British empire. The deal for Crown Agents Bank and its sister asset management co…

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AfricInvest invests in Outsourcia

30 March 2016

AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce that its Maghreb Private Equity Fund III has invested in Outsourcia Group (“Outsourcia”), a Moroccan leadingcontact center and business process outsourcing (BPO…

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Synergy Capital completes investment in Suburban Fiber Company Limited

24 March 2016

Synergy Capital Managers (Synergy) has announced the completion of its investment in Suburban Fiber Company Limited (Suburban), a Next Generation Broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos. Th…

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AfDB backs Abraaj's Growth Markets Health Fund

24 March 2016

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

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Africinvest invests in MicroKing Finance (Private) Ltd

23 March 2016

Microcred Group (Microcred) and AfricInvest Financial Sector Fund (AfricInvest) are pleased to announcethey have reached an agreement to acquire a 100% ownership stake in MicroKing Finance (Private)Limited (MicroKing), a leading provider of microfinance p…

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AfricInvest invests in Silafrica Plastics and Packaging International Limited

10 March 2016

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

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Old Mutual Private Equity buys stake in leisure and sports retailer

24 February 2016

Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has bought a 70% stake in MoreCorp, best known as the owner of The Pro Shop, World of Golf, Playmoregolf and Cycle Lab. Additional shareholders include MoreCorp co-fou…

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Africa Finance Corporation increases stake in Cabeólica Wind Farm

22 February 2016

Africa Finance Corporation (AFC) has completed the purchase of InfraCo Africa’s stake in the Cabeólica Wind Farm. The deal follows the share purchase agreement signed on 6 May 2015 in which AFC agreed to purchase InfraCo Africa’s remaining stake in the pr…

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IFC invests in Indorama Eleme Fertilizer Company

19 February 2016

IFC, a member of the World Bank Group, today announced an investment in Nigeria-based Indorama Eleme Fertilizer Company to support the expansion of the country’s largest fertilizer production facility. The investment will contribute to improved farm yield…

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Synergy Capital completes investment in Africa Terminals

18 February 2016

Synergy Capital  is pleased to announce the completion of the investment in Africa Terminals Limited, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment. …

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ACA invests in Continental Reinsurance PLC

18 February 2016

ACA today announced its investment in Continental Reinsurance Plc, a private pan-African reinsurer. Continental Reinsurance was founded in 1985 and started operations as a private reinsurance company in Nigeria. Over the past 31 years the company has exp…

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Amethis completes capital increase in PetroIvoire

11 February 2016

Amethis Finance (Amethis)  is pleased to announce that it has completed, together with the two other main shareholders of the company, WAEMGF and the Kadio-Morokro family, a capital increase of PetroIvoire. Amethis and WAEMGF will also appoint additional …

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Old Mutual Private Equity backs In2food

28 January 2016

Cape Town, South Africa, 13 January 2016: Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has announced that it has acquired a significant minority stake in In2food, a leading convenience food manufacturing business…

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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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PCM Capital Partners backs First Atlantic Bank Ghana

26 January 2016

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

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Abraaj Group invests in Tunisia's Société d’Articles Hygiéniques

18 January 2016

Tunis, Tunisia, 18 January 2016: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund (‘ANAF II’), of a stake in Société d’Articles Hyg…

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Abraaj Group acquires significant minority stake in CEPRO

11 January 2016

The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund (‘ANAF II’), of a significant minority stake in Cellulose Processing (‘CEPRO’ or t…

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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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PCP announces Ubipharm investment

27 December 2015

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

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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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Synergy Capital Managers announce investment in Darl

11 December 2015

Synergy Capital Managers is  pleased to announce the completion of an investment in Darl Pharmaceuticals Limited by Synergy Private Equity Fund LP (SPEF). Darl is a fast growing pharmaceutical integrated value chain business with presence from production …

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Actis invests in pan-African food retailer, Food Lovers Market

04 December 2015

Actis, an emerging market investor, today announced an investment of R760m (US$54m) in Food Lover’s Market, estimated to be the largest independent food retail group in Africa. Actis is acquiring a substantial minority stake in the business and backing fo…

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AfricInvest purchases minority stake in Salvador Caetano Auto Africa

30 November 2015

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

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PCP completes Azalaï Hotels Group investment

30 November 2015

30th November 2015: The West Africa Emerging Markets Growth Fund (WAEMGF), a regional SME focused fund managed by PCM Capital Partners (PCP), has sealed a deal to inject CFAF 3.3 billion (€ 5 millions) in equity into the Azalaï Hotels Gro…

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IFC invests in Egypt-based Sphinx Glass

29 November 2015

The International Finance Corporation (IFC), a member of the World Bank Group, is investing in a 20 percent equity stake in Egypt-based Sphinx Glass, to boost the glass manufacturing sector in the region, support the company’s expansion, and spur job crea…

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Actis invests in Nigeria’s Sigma Pensions

26 November 2015

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

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Old Mutual acquires 100% of AIIM

25 November 2015

Cape Town, South Africa, 25 November 2015: Old Mutual Alternative Investments (OMAI), a boutique of Old Mutual Investment Group, has announced an agreement to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already ow…

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Amethis announces minority investment in HMAO Group

19 November 2015

Amethis is pleased to announce its entry into West Africa’s healthcare market with a minority equity investment in HMAO Group. HMAO is a group composed of clinics and laboratories and is the leader in the healthcare market in the region. Through this tran…

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Helios acquires stake in Fawry

12 November 2015

A consortium of international financial investors comprising the Egyptian-American Enterprise Fund (“EAEF”), Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and the MENA Long-Term Value Fund (“MENA LTV”) (together, the “Consort…

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Helios acquires The Orange Groups stake in Telkom Kenya

09 November 2015

The Orange Group announced today that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya. The finalization of the transaction remains subject to approval from the relevant authorities.Thi…

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Abraaj acquires majority stakes in Al Kindy and Menara

04 November 2015

Casablanca, Morocco, 4 November 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through its second generation North Africa Fund, of a majority stake in Centre de Traitement…

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Synergy announces investment in Riggs

28 October 2015

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Riggs Ventures West Africa PLC (Riggs), a non-captive manufacturer of polypropylene woven sacks for packaging and transporting industrial goods such as cement, a…

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Swicorp Intaj Capital II Fund investment in Venezia Ice

23 October 2015

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

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Adlevo, Alitheia and Omidyar back Paga in follow-on investment

16 October 2015

Paga, a Nigerian mobile payment company today announced the completion of a US$13mn Series B financing led by Adlevo Capital. Other institutional investors in this round include Omidyar Network, Goodwell West Africa (managed by Alitheia Capital), Acumen F…

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Mediterrania Capital Partners in Société Meunière Tunisienne acquisiton

16 October 2015

Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania…

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Amethis closes investment in Ecobank Nigeria

10 October 2015

Amethis has participated in a US$75m syndicated subordinated term loan qualifying as Tier 2 capital arranged by FMO for Ecobank Nigeria. Amethis invested US$15m alongside DEG (US$20m), Swedfund (US$10m) and FMO (US$30m) , the lead arranger.This transactio…

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I&P completes two portfolio investments in West Africa

30 September 2015

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

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The Abraaj Group partners with Egyptian education provider Tiba

30 September 2015

Cairo, Egypt, 30 September 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced a partnership, through its second generation North Africa Fund (‘ANAF II’), with Tiba Group (‘Tiba’ or the …

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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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Investisseurs & Partenaires announces investment in SCRIMAD Group

10 September 2015

Investisseurs & Partenaires welcomes a new company in its portfolio IPAE: the agribusiness company SCRIMAD Group, located in Madagascar.This is the third investment of the Fund I&P Afrique Entrepreneurs in Madagascar, after IOT (aquaculture) et AC…

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CDC and IFC invest US$24mn in CRDB

03 September 2015

CDC Group plc (‘CDC’) and the International Finance Corporation (‘IFC’) have invested US$24m to acquire a 5% holding in CRDB Bank plc (‘CRDB’), a provider of financial services in Tanzania. The investment will enable CRDB to continue its growth and furthe…

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AIIM announces partnership with Hydroneo Afrique

01 September 2015

Cape Town, South Africa, 1 September 2015: African Infrastructure Investment Managers (AIIM), an African infrastructure equity investment manager, has announced its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an es…

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Actis acquires stake in Coricraft group to propel expansion

01 September 2015

Actis today announced the acquisition of a significant minority stake in Coricraft Group, a South African home furnishings retailer. Actis’ investment affirms the strength of Coricraft Group’s cash value home retail model and will act as a substantial ena…

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Investec invests in wiGroup

20 August 2015

Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s only interoperable point-of-sale mobile transacting network. Investec Asset Management will partner with wiGroup’s founder management and existing shareholder Cap…

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Amethis Finance invests in Elephant Africa Holding

20 August 2015

A consortium of investors led by Amethis Finance extends a convertible loan to Elephant Africa Holding, the holding entity of Bel Papyrus Ltd. and Bel Impex Ltd., the leading producers of tissue paper products in Nigeria.Amethis Finance is pleased to anno…

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Synergy Capital invests in Viathan

19 August 2015

Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in Viathan Engineering Ltd (Viathan), a developer of captive and embedded power solutions with a vision of producing and distributing modular and scalable power sol…

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International Finance Corporation invests in Africa Oil Corp

18 August 2015

Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that it has entered into an equity subscription agreement with International Finance Corporation (“IFC”), a member of the World Bank Group, to sell, on a non-brokered private placemen…

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Investec announces follow-on investment in IHS Towers

31 July 2015

July, 31st 2015: Investec Asset Management has made a further private equity investment in IHS Towers (“IHS”), the largest African mobile telecommunications infrastructure provider. Investec Asset Management made the first private equity investment in IHS…

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Adenia Partners announce investment in Cresta Paints

29 July 2015

Port Louis, Mauritius, July 2015: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces an investment in Cresta Paints, an auto-refinish and industrial coatings manufacturer and marketer in Africa, partnering with the company’s…

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Helios acquires Crown Agents' financial services businesses

27 July 2015

London, United Kingdom, July 27th  2015: Crown Agents Limited (“Crown Agents”) today announced it has agreed terms relating to the sale of 100% of its financial services businesses, Crown Agents Bank Limited (“CAB”) and Crown Agents Investment Management …

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Investec Asset Management invests in IDM Group

22 July 2015

July 22nd 2015: Investec Asset Management has agreed terms with the founding shareholders to invest in IDM Group, a South African consumer debt management company. This deal will see them partner with IDM’s founder and management team on their path to con…

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Injaro invests in Ghana’s poultry sector

15 July 2015

Accra, Ghana, July 15th 2015: Injaro Agricultural Capital Holdings Limited (“IACHL”), the impact investment fund managed by Injaro Investments, announces an investment in Ghana’s animal feed sector. IACHL, through its Ghanaian subsidiary Injaro Agricultur…

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Abraaj acquires majority stake in Mouka Limited

07 July 2015

Lagos, Nigeria, July 7th 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the acquisition, through one of its Funds, of a majority stake in Mouka Limited (‘Mouka’ or ‘the Company’), a mattre…

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Helios acquires equity stake in Oando Plc

30 June 2015

June 30th 2015: A consortium comprising Helios Investment Partners (“Helios”, acting on behalf of funds it advises) and The Vitol Group (“Vitol”) (together, the “Consortium”) today announced it has reached an agreement to acquire 60 per cent of the econom…

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Omidyar Network announces investment in Hotels.ng

26 May 2015

Redwood City, California and Lagos, Nigeria, May 26th 2015:  Omidyar Network today announced an investment in Hotels.ng, a hotel-booking platform in Nigeria. The company provides an online marketplace to connect consumers to more than 14,000 small and med…

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GEPF acquires minority stake in Bayport Management Ltd

20 May 2015

Bayport Management Ltd (“BML or “the Group”), an emerging market provider of innovative, relevant and uplifting financial solutions to a broad economically active population, today announced the $149 million investment into the Group by the Public Investm…

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AfDB approves US$50mn investment in CEC Africa Investments

13 May 2015

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, April 29, 2015, a USD 50 million investment in CEC Africa Investments Limited, a multinational power company headquartered in Nigeria and Zambia. CEC Africa (CECA) seeks …

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AFIG Funds invests in Primrose Properties Ghana Ltd

23 April 2015

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

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Verod Capital buyout of Union Trustees Limited

22 April 2015

Verod Capital has along with the management team of Union Trustees Limited acquired Union Trustees Limited. This is the third investment in Verod Capital’s Fund II. The company, a fully owned subsidiary of Union Bank of Nigeria is duly licensed and regist…

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CDC invest in sustainable timber company, Miro Forestry

30 March 2015

London, United Kingdom, 30 March 2015: A new US$15m investment which will boost the forestry industry and create jobs in West Africa was announced today by CDC, the UK’s development finance institution. CDC is backing Miro Forestry, a sustainable timber …

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Amethis Finance acquires a minority stake in the NSIA Group

26 March 2015

Amethis Finance ("Amethis") and the National Bank of Canada ("National Bank") - one of Canada’s leading integrated financial groups - are pleased to announce the acquisition of a minority stake in NSIA Participations ("NSIA"), a financial group headquarte…

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Abraaj, EBRD, DEG and Proparco Invest US$200mn in North Africa Hospital Holdings Group

02 March 2015

Dubai, United Arab Emirates, 2nd March 2015: The Abraaj Group, a leading private equity investor operating in global growth markets, today announced the formation of the North Africa Hospital Holdings Group (NAHHG), a healthcare investment platform to enh…

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Amethis Finance acquires stake in CIEL Finance Limited to expand footprint in Africa and the Indian Ocean

26 February 2015

Amethis Finance has taken a 17.1% participation in CIEL Finance Limited, the Banking & Financial Services cluster of Mauritius-based CIEL group. CIEL Finance currently holds: 50% in Mauritius-based Bank One   55.5% in IPRO (mutual fund…

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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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Actis Launches US$1.9bn Pan-African Renewable Energy Platform

17 February 2015

Actis today announced the launch of a pan-African renewable energy generation platform, Lekela Power. Actis is investing alongside Mainstream Renewable Power, the global wind and solar developer, which will own the other 40% of the platform.Lekela Power i…

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CDC take direct ownership and control of Globeleq & forms partnership to boost power generation in Africa

03 February 2015

A new partnership to boost power generation in Africa by adding at least 5,000 megawatts (MW) of generating capacity over the next 10 years has been announced today by Norfund, the Norwegian Investment Fund for Developing Countries, and CDC, the UK develo…

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AIIM portfolio company, Cenpower announces financial close of USD900m project financing for construction of independent power plant

06 January 2015

Following the fulfilment of the conditions precedent to its debt financing agreements, Cenpower Generation Company Limited (Cenpower) announced the financial close of the circa USD900 million project financing required for the construction and development…

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AIIM's investment, Cookhouse Wind Farm reaches commercial operations

05 January 2015

Cookhouse, South Africa, December 2014 - Cookhouse Wind Farm, recently completed all required performance tests and grid compliance to reach commercial operations and enable achievement of Commercial Operations Date (COD). This makes it the first project …

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

05 January 2015

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

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AFIG Funds announces investment agreement with Nigerian pharmaceutical and beverage producer, Nigerian-German Chemicals

23 December 2014

PRESS RELEASE – Dakar, Lagos, Tuesday, December 23, 2014 – Shareholders of Nigerian-German Chemicals plc (“NGC”), a leading Nigerian producer and distributor of pharmaceutical products and bottled beverages, approved an investment agreement of up to USD 1…

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Amethis Finance invests in Kenyan printing and packaging group, Ramco Plexus

19 December 2014

This partnership intends to consolidate Ramco’s market share and reinforce its expansion in East and Central Africa. Further to Ramco internal restructuring that started 2 years back, Amethis Finance has announced it has just acquired one thir…

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The Abraaj Group invests in Algerian logistics company, FBA

17 December 2014

Skikda, Algeria, 17 December 2014: The Abraaj Group (‘Abraaj’ or ‘The Group’), a leading investor operating in global growth markets, today announced the acquisition, through one of its Funds, of a stake in La Flèche Bleue Algérienne SPA (‘FBA’), a leadin…

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CDC backs African renewable energy with US$20m investment

17 December 2014

A new US$20 million investment to boost the development of renewable energy in sub-Saharan Africa has been announced today by CDC, the UK’s development finance institution.CDC’s commitment to the Africa Renewable Energy Fund (“AREF”) will make long-term c…

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Shea Yeleen Health and Beauty, LLC completes follow-­on investment with PanAfrican Investment Co.

11 December 2014

Washington, DC, December 11 2014: Shea Yeleen Health and Beauty, LLC (SY) announced today that it has finalized a follow­‐on round of investment with the PanAfrican Investment Co., LLC (PIC). Funds from PIC will be used to build the brand, which currently…

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Amethis and Retail Holding (the parent company of Label'Vie) jointly invest in the “Compagnie de Distribution de Côte d'Ivoire” (CDCI), the number 2 food distribution Company in Côte d’Ivoire

08 December 2014

Amethis Finance and Retail Holding (the parent company of Label’Vie Group) jointly invest in CDCI, the number 2 food distribution Company in Côte d’Ivoire, thus building a long-term partnership to support the Company’s development in Côte d’Ivoire and in …

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DPI acquires stake in Southern Africa home shopping retailer, HomeChoice International

03 December 2014

London – DPI, a pan-African private equity firm announced today that ADP II, a pan-African private equity fund advised by DPI, has acquired a strategic minority stake HomeChoice International (“HomeChoice”), a leading omni-channel home shopping retailer i…

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DOB Equity invests in Ugandan agricultural company

27 November 2014

In summary: DOB Equity is pleased to announce it has completed an investment in Joseph Initiative Ltd. an agricultural trading company that aims to improve efficiencies in the maize supply chain benefiting thousands of Ugandan farmers. DOB Equit…

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The Carlyle Group and Old Mutual Private Equity to acquire 100% of Tiger Automotive

26 November 2014

Investment secures next phase of growth and expansionJohannesburg, South Africa – Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) and Old Mutual Private Equity today announced that they have agreed to acquire 100% of South African tyre ret…

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The Carlyle Group invests in Diamond Bank Plc, a Nigerian commercial bank

24 November 2014

$147 million investment sees The Carlyle Group become a significant shareholder   Lagos, Nigeria - Global alternative asset manager, The Carlyle Group (NASDAQ: CG) today announced that it has invested $147 million in Diamond Bank (NGSE: DIAMONDBNK), a c…

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LeapFrog to acquire majority stake in Resolution Insurance

20 November 2014

LeapFrog Investments and Resolution Insurance today announce that LeapFrog intends to invest KSh 1.68 billion (US$18.7million) for a majority stake in Resolution Insurance, through its holding company, Resolution Health East Africa Limited   …

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The Abraaj Group announces offer to acquire up to 100% of Egyptian Company For Foods BiscoMisr

19 November 2014

Cairo, Egypt, 19 November 2014: The Abraaj Group (“Abraaj” or “The Group”), a leading investor operating in global growth markets, has today issued the following statement in regards to the tender offer the Group has made, through one of its Funds, for th…

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ACA invests in Filmhouse Cinemas and Film One

01 November 2014

November 1 2014 - African Capital Alliance (ACA) today announced its investments in Filmhouse Cinemas, the fastest growing cinema chain in Nigeria and Film One, its associated film production and distribution company.Filmhouse opened its doors in December…

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Fusion invests Kes. 2billion in Meru Greenwood Park

31 October 2014

Fusion Capital is pleased to announce its latest investment in Meru Greenwood Park, a Kes. 2billion integrated development in the heart of Meru County. Fusion has partnered with local investors through a joint venture SPV, and the project is scheduled to …

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The Abraaj Group invests in leading South African FMCG manufacturer, Liberty Star Consumer Holdings (Pty) Limited

08 October 2014

Abraaj continues its investment focus on market-leading African businesses targeting the rising middle and consumer classes   Acquisition demonstrates Abraaj’s continued commitment to execute proprietary African private equity investments…

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AVCA members Emerging Capital Partners and Helios Investment Partners in major new growth capital financing round for Wananchi Group

06 October 2014

Nairobi, 2 October 2014 – Wananchi Group (“Wananchi”), owners of the Zuku Fiber, Zuku pay TV and Simbanet business services brands, today announced the closure of a $130m financing to fund its growth and expansion in East and Southern Africa.“The new capi…

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Adenia Partners acquires Mauvilac

29 September 2014

Port Louis, Mauritius, September 2014: Adenia Partners, a private equity firm investing in the Indian Ocean and West Africa regions, announces the acquisition of Mauvilac, the leading paint, coatings and chemical products manufacturer and marketer in Maur…

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Catalyst Principal Partners Invests in Leading Pharmacy Retail Chain

08 September 2014

Nairobi, Kenya: East African focused private equity firm, Catalyst Principal Partners, has announced an investment in retail pharmacy chain, Mimosa Pharmacy Limited. The investment will build on Mimosa’s strong reputation for quality health and beauty pro…

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ACA invests in a leading Online Travel Agency

29 August 2014

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

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

22 July 2014

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

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The Abraaj Group invests in leading Tunisian private hospital Clinique Taoufik

14 July 2014

Abraaj brings significant pan-regional healthcare experience and a growing investment track record in Tunisia   Investment will increase patient capacity and add new services Tunis, Tunisia, 14 July 2014: The Abraaj Group (‘Abraaj’ o…

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Fusion buys equity stake in Kenya’s first free newspaper

10 July 2014

Fusion Capital announces its partnership with Xtra Publishing Limited, a free newspaper ‘X News’ and digital content company with a 40% equity stake in the company.Xtra is set to be the pioneer in the continent in its efforts to leverage free print and di…

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

10 July 2014

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

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

01 July 2014

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

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WAEMGF invests USD 5 million in LeasAfric Ghana Limited

27 June 2014

Accra, Ghana, 27 June 2014: The West Africa Emerging Markets Growth Fund (WAEMGF) has announced a USD 5 million investment in Leasafric Ghana Limited a specialist non-bank financial institution that primarily providing finance and operating lease solution…

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The Abraaj Group announces submission of tender offer for listed Egyptian hospital

19 June 2014

Abraaj to acquire Cairo Medical Center, a leading 177 bed hospital in East Cairo   Plan to upgrade facilities and invest in medical technology and staff training to meet increasing demand for quality healthcare Cairo, Egypt, 19 June …

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

19 June 2014

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

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

19 June 2014

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

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CDC invests up to US$20m in power in Cameroon

16 June 2014

CDC has committed up to US$20m into Cameroon’s national electricity utility company, Société Nationale d’Electricité (SONEL), and in two independent power plants, Kribi and Dibamba. The investments have been made as part of the overall $202m transaction l…

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ACA invests in Gas Midstream Platform

09 June 2014

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

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Helios Investment Partners invests in ARM Pensions

02 June 2014

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

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

19 May 2014

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

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Investec Asset Management secures $40m stake in Uganda’s Umeme

19 May 2014

Following a successful bid, Investec Asset Management, one of the largest managers of third party assets in Africa, today announced that it is now, after Actis, the single largest shareholder in Umeme, the leading electricity distribution company in Ugand…

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DPI’s pan-African private equity fund takes US$20 million stake to build education across Africa

14 May 2014

Marrakesh/London - African Development Partners II L.P. (“ADP II”), a pan-African private equity fund advised by Development Partners International LLP (“DPI”) is making a US$20 million equity investment in Université Privée de Marrakech (“UPM”), one of M…

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Cauris Management's Fonds Cauris Croissance II invests in Cote d'Ivoire-based pharmaceutical business, CIPHARM

01 May 2014

Abidjan, Cote d’Ivoire, April 2014: FONDS CAURIS CROISSANCE II LIMITED, advised by the West African fund manager Cauris Management, agreed to invest in CIPHARM to diversify its range of injectable pharmaceuticals products.CIPHARM is a Cote d’Ivoire-based …

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ECP’s portfolio company IHS continues expansion with additional fundraise

30 April 2014

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

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The Abraaj Group invests in Moroccan chocolate confectionery manufacturer, Kool Food

16 April 2014

Investment will consolidate Kool Food’s market-leading position in Morocco and enhance its international expansion plansCasablanca, Morocco, 16 April 2014: The Abraaj Group ("Abraaj" or "The Group"), a leading investor operating in global growth markets, …

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Citadel Capital Subsidiary acquires additional stake of Rift Valley Railways in $37.8m transaction

02 April 2014

Citadel Capital Subsidiary Acquires Additional 34% of Rift Valley Railways in US$ 37.8 mn Transaction, Bringing Total Holding to 85%Transaction brings Africa Railways’ total holding in RVR to 85% via acquisition of shares from TransCentury; capital increa…

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Fusion Capital acquires stake in Kenyan Bank, REMU Microfinance Bank

25 March 2014

NAIROBI, 25TH MARCH 2013FUSION BUYS STAKE IN REMU MICROFINANCE BANKFusion Capital has completed buying a 25% stake in REMU Microfinance Bank, in a move that will see the private equity firm inject working capital and divest its ‘debt only’ portfolio, to f…

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Emerging Capital Partners announces investment in Algerian bottling business, Atlas Bottling Corporation

14 March 2014

ABC is PepsiCo’s exclusive Bottler in Algeria   ECP, the Pan-African specialist, gains exposure to Africa’s third largest soft drinks sector; focusing further on the fast growth consumer market London and Algiers, 14 March 2014: Emer…

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Standard Chartered Private Equity initiates ‘Power Africa’ Partnership with USD57 million investment in Copperbelt Energy Corporation

11 March 2014

Lusaka, Zambia – Tuesday 11 March 2014: Standard Chartered’s Private Equity Africa division (“SCPE”) announced its first investment in Africa’s developing power sector. SCPE has invested USD57 million into Zambian Energy Corporation (“ZamEn”), the control…

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

03 March 2014

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

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Catalyst Principal Partners acquires a stake in Tanzanian Logistic business EFFCO Tanzania Ltd

26 February 2014

Nairobi- Kenya-based private equity firm Catalyst Principal Partners has announced acquisition of majority stake in Tanzania of a heavy equipment rental and logistics firm, EFFCO. Catalyst Principal Partners invests amounts of between US$5million - US$20m…

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Amethis Finance invest in Ghanaian commercial bank, Fidelity Bank

26 February 2014

Amethis Finance (“Amethis”) and Edmond de Rothschild Europportunities Management II (“ERES”) are pleased to announce the signing of the legal documentation formalizing a minority equity investment in Fidelity Bank Ghana Limited, for a total consideration …

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Agri-Vie invests $5m into Kenyan flower exporting business Kariki Group

13 February 2014

Agri-Vie, the private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has announced a $5 million investment into Kariki Group, a specialist Kenyan flower exporting business. According to Dave Douglas, Investment Advisor at…

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Verod Capital invests in South Africa-based oil & gas business SacOil Holding

09 February 2014

Verod Capital, a Nigeria-based private equity firm, has acquired a minority stake in South Africa-based, upstream oil and gas business, SacOil Holdings. SacOil looks to acquire and develop near production assets across Africa. SacOil aims to build a balan…

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Investec Asset Management & The Carlyle Group invests in pan-African logistics company J&J Africa

29 January 2014

Investec Asset Management, in partnership with The Carlyle Group, has agreed to invest in J&J Africa, a pan-African logistics company specialising in the road transportation of general cargo along the Beira corridor, one of Southern Africa’s key trade…

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Adlevo Capital leads investment in Nigerian mobile phone manufacturer SOLO Phone Nigeria

23 January 2014

ADLEVO CAPITAL LEADS INVESTMENT IN SOLO  Investment in a new end-to-end digital content and mobile device company focused on emerging markets   Transaction will catalyse SOLO’s strong growth in Nigeria and beyond LAGOS, NIGERIA &…

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CDC Group & IFC invest $32m in Kenyan real estate development Garden City

23 January 2014

CDC Group plc and IFC, a member of the World Bank Group, have announced an investment of US$32m in Garden City, a new mixed-use real estate development in Nairobi, Kenya. The project, led by Actis, has been awarded Vision 2030 Partner Status by the Govern…

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XSML invests in Congolese cuisine Inzia

23 January 2014

Kinshasa, Democratic Republic of Congo, 23 January 2014Today, XSML, the fund manager active in Central Africa, announced its investment in Inzia, a Kinshasa based restaurant providing traditional Congolese cuisine. Inzia was established in the 1970s and h…

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

23 January 2014

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

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Standard Chartered Private Equity acquires 13% of leading Southern Africa grocery retailer Choppies Enterprises Limited

14 January 2014

Standard Chartered Private Equity (“SCPE”), the investing arm of Standard Chartered Bank, announced that it has acquired 13% of Choppies Enterprises Limited (“Choppies”), a leading Southern African grocery retailer. This transaction is believed to be the …

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"85% of Institutional investors surveyed identify West Africa as an attractive region for PE investment over the ne… https://t.co/Yyq8rRWEne

Institutional Investors believe in the long-term attractiveness of African PE - especially when compared to develop… https://t.co/TPoVK6lC6I

RT @CDCgroup: We're very happy to announce that we'll soon be welcoming our first Chief Impact Officer. Liz Lloyd CBE will lead a team of 5…

RT @Mkessome: Global private equity managers are ready to double down on their African investments https://t.co/LzuDaoOPHa via @qzafrica @a…

@Mkessome @AVCA_Africa CEO, moderated a panel discussing the role of private equity in Africa growth story… https://t.co/JJZnU4Ko3l