25 June 2020
IFC, a member of the World Bank Group, is providing EUR10mn in financing to Tunisian date processing company VACPA, part of an effort to preserve jobs, especially for women, amid the COVID-19 pandemic.The company, the country’s largest exporter of dates, …
Read more »25 June 2020
Through a US$30mn investment in the first close of AfricInvest’s new multisector private equity fund, Proparco will support the development of strong local and regional consumer-driven businesses across Africa. AfricInvest is one of the pione…
Read more »23 June 2020
In line with its vision to better manage the environment and support the socio-economic uplifting of the Region where it operates, Inside Equity Fund has committed to invest US$2.75mn in Alpha to finance the doubling of its waste collection and processing…
Read more »18 June 2020
Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation. Changes in consumer habits and the i…
Read more »16 June 2020
New financial center designed to support inward investment into Africa CDC to play key advisory role in creating new legal framework for financial hub CDC Group, the UK’s development finance institution and impact investor, today signed a pa…
Read more »16 June 2020
IFC, a member of the World Bank Group, today announced a loan of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic.IFC’s loa…
Read more »16 June 2020
AVCA's Head of Research & Training, Enitan Obasanjo-Adeleye discusses the findings of AVCA's research on climate change, the implications of climate change on Africa's PE ecosystem and the role African PE can play in reducing the risks of climate chan…
Read more »16 June 2020
Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF To see the original article, please click here Politics, Philosophy and Economics of ODA in a time of COVID-19 In these unprecedented times, development assistance must shed the skin of its…
Read more »10 June 2020
Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to corporates that employ a large number of people. Sanlam has committed R2.25bn of its own capital to…
Read more »08 June 2020
This operation is Proparco's first mezzanine transaction in Ethiopia and will support job creation, the development of local agribusiness, import substitution and economic growth in the country. Proparco and Ethos Mezzanine Partners have announced a …
Read more »04 June 2020
Projects support developing countries reeling from COVID-19 and include first transactions using equity and technical assistance The U.S. International Development Finance Corporation (DFC) Board of Directors has approved US$1bn of investments that will …
Read more »04 June 2020
IFC, a member of the World Bank Group, has invested up to US$30mn in AfricInvest Fund IV. Read more.
Read more »01 June 2020
The deal is one of the first investments under CDC’s Venture Scale-up Programme mPharma aims to dramatically reduce the cost of essential medicines in Africa, making quality healthcare affordable and accessible to all consumers in Africa To …
Read more »26 May 2020
The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcar…
Read more »22 May 2020
Pearl Capital Partners, which manages the Yield Uganda Investment Fund, has made a seventh investment of UGX 4.6bn (ca. US$ 1.2m) in Naseco (1996) Limited (NASECO). NASECO, which has had operations for over 20 years, produces, processes and distributes ce…
Read more »22 May 2020
In order to support small and medium-sized companies following the Covid-19 outbreak the Swedish Development Finance Institution, Swedfund, now increases the liquidity available to these companies by lending 5 million EUR to Platcorp, a financial institut…
Read more »21 May 2020
RENEW and the Impact Angel Network Make Follow-on Investment in Ethiopia’s #1 Online Food Delivery Company in Response to Spike in Demand Due to COVID-19 Members of RENEW's Impact Angel Network (IAN) have funded a third investment in Roadrunner Technol…
Read more »21 May 2020
Africa’s agricultural output is much lower than its potential. Africa has a quarter of the world’s agricultural land but produces less than a tenth of its food. In comparison, China has 10% of the agricultural land and produces 20% of the world’s food sup…
Read more »21 May 2020
By Tom Scriven CFA, Partner & General Counsel, RENEW In our latest white paper, we outline seven reasons why RENEW believes a ‘stay the course’ approach to investing in SMEs in Ethiopia is the best response both to the economic crisis created b…
Read more »08 May 2020
The Open Society Economic Justice Program, via its impact investing arm, the Soros Economic Development Fund (SEDF), has committed $15 million to two women-led investment funds that advance economic and gender equity. These investments—US$10mn in Alithei…
Read more »06 May 2020
La Tribune Afrique interviews AVCA's Head of Research and Training, Enitan Obasanjo-Adeleye. Read more
Read more »30 April 2020
Through a US$20mn equity investment in the SPE AIF I investment fund, Proparco supports SMEs undergoing periods of strong growth or transition, in the industrial, health and education sectors in Egypt, Morocco and Tunisia. SPE AIF I is a private equi…
Read more »29 April 2020
Àrgentil Capital Partners (“Àrgentil”) is providing support to a number of initiatives to help with the healthcare emergency created by the COVID-19 pandemic. This has seen us provide financial resources to pay for a full complement of medical staff at on…
Read more »27 April 2020
Nigerian fintech platform Okra has secured a US$1mn pre-seed fundraise from TLcom Capital, strengthening its push to build the infrastructure for Africa’s next wave of fintech innovation. With the first API in Africa to retrieve real-time financial data f…
Read more »24 April 2020
Standard Bank has acquired a 40% stake in the digital fuel management solutions and telematics company Payment24 Group. Payment24 Group is a technology development firm that supports companies with large fleets. Launched just over five years ago to fill …
Read more »10 April 2020
Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF Impact Investing seeped into the conscience of the investing ecosystem over a decade ago and refers to the varying degrees that investments can deliver positive social, developmental, econ…
Read more »08 April 2020
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and wil…
Read more »12 March 2020
The Board of Directors of the African Development Bank approved, Thursday, March 11 in Abidjan, a stake of EUR12mn in the capital of the Yeelen fund dedicated to the financial sector. Yeelen Financial Fund LP is a 12-year investment fund domiciled in Mau…
Read more »11 March 2020
CNBC Africa discusses the findings of our new African Private Equity Industry Survey with Enitan Obasanjo, AVCA’s Head of Research and Training. Watch it here
Read more »03 March 2020
TerraPay announced today that a consortium of investors, including Prime Ventures, Partech Africa and management acquired the company for an undisclosed sum. In addition, the same investors, joined by IFC, invested US$9.6 mn in TerraPay to fund the compan…
Read more »06 February 2020
Encouraging further development of the African tech scene, the online software outsourcing Marketplace company Gebeya have secured a $2 Million dollar seed round investment co-led by Partech and Orange Digital Ventures and followed by Consonance Investmen…
Read more »20 January 2020
CDC Group, the UK’s development finance institution and impact investor, has committed US$15mn to TLcom’s TIDE Africa Fund to support early-stage high-growth start-ups across sub-Saharan Africa (SSA). With a presence in the key financial hubs of Lagos an…
Read more »27 November 2019
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is supporting African small and medium-sized enterprises and start-ups to gain access to long-term financing more easily. It has committed EUR30mn to the AfricaGrow fund of funds, managed by Al…
Read more »11 November 2019
EUR40mn in guarantees for FMO’s innovative early-stage investment program Today, at the Africa Investment Forum in Johannesburg, FMO and the European Commission (EC) signed the guarantee agreement for the FMO Ventures Program. The EC has provided EUR40mn…
Read more »18 October 2019
The African Development Bank on Thursday signed off on its EUR12.5mn equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in francophone West Africa. The Ban…
Read more »15 October 2019
Climate change poses an existential threat to our societies. Nowhere is this more apparent than in Africa – the most vulnerable continent to climate change, both in terms of impact and ability to mitigate damage... read more.
Read more »09 October 2019
Verod Capital Management Limited (Verod) is pleased to announce, via its sophomore fund, Verod Capital Growth Fund II LP (Fund II), that it has completed an agreement and received regulatory approvals to fully exit its ownership of UTL Trust Management Se…
Read more »16 September 2019
FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC. Launched …
Read more »17 July 2019
AHL Venture Partners, a leading impact investment firm in East Africa, has today announced, acting as lead investor, an equity investment in a Kenyan company, Crop Nutrition Laboratory Services Limited (“Cropnuts”). The investment is a co-investment with …
Read more »26 April 2019
Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million. This is in line with a first announcement disclosed in July 2018…
Read more »31 January 2019
Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and establishes East Africa presence. The Partech Africa Fund achieves a final closing at €125M, more than double the size of its first closing a year …
Read more »18 December 2018
The Hague, 18 December 2018 - Dutch development bank FMO has taken its first step into the financial sector of Africa’s second most populous country, with the extension of a 65% partial guarantee on a BIRR 108mn (US$ 4.0mn) loan by the Commercial Bank of …
Read more »02 November 2018
London/Singapore – October 30 2018: GTR Ventures, the world’s first investment and venture-building platform specialised in trade and supply chain, has announced an investment in Orbitt – a pan-African focused fintech deals platform. Orbitt connects inve…
Read more »06 September 2018
FMO will co-invest USD 1.7 Million alongside Accion Frontier Inclusion Fund, managed by Quona Capital, in South African-based Point of Sale payments Provider Yoco in a joint funding round totaling USD 16 Million. It marks the first direct equity investmen…
Read more »23 June 2018
Nairobi, Lagos, London - TLcom Capital (TLcom), the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE Africa Fund have hit US…
Read more »14 May 2018
Accra, Ghana - May 14th 2018 - Oasis Capital Ghana, a West African private equity fund manager, announces the final closing of its second fund, the Oasis Africa VC Fund (“Fund II”), at US$50.5mn at 31st December 2017. The fund will invest in Small and Med…
Read more »26 April 2018
IFC, a member of the World Bank Group, today announced that it led the US$8.6mn Series A equity investment in Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API startup, to enable the startup to expand its footprint across …
Read more »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…
Read more »26 June 2017
TLcom Capital, the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE Africa Fund have hit US$40mn. TIDE Africa is the first…
Read more »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…
Read more »22 August 2016
African financial technology company Zoona has successfully raised US$15mn (ZAR200mn) in a second round of financing. This Series B round is led by the International Finance Corporation (IFC), a member of the World Bank Group, and will help Zoona scale up…
Read more »22 July 2016
CDC Group plc (CDC), the UK’s development finance institution, and LafargeHolcim have today announced the creation of 14Trees, a joint-venture that aims to accelerate the production and commercialization of Durabric - an environmentally-friendly, affordab…
Read more »17 June 2016
London, UK, 2 June 2016: The African Private Equity and Venture Capital Association (AVCA) today announce a series of changes to the leadership and membership of its Legal & Regulatory (L&R) Committee. Folake Elias-Adebowale, Partner at Udo Udoma…
Read more »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…
Read more »
@deginvest_DE suscribes to bond issued by #HeliosTowers. Read more: https://t.co/57qJu6bhi8
Majority of recorded #VC deals (62%) between 2014-2019 had at least one VC fund manager involved, while 44% of reco… https://t.co/9NXleypzWr
@Proparco makes EUR30mn investment into @ActisLLP backed Douala Grand Mall. Read more: https://t.co/JfoGNzWgV8
@IFC_org provides Zenith Bank with US$100mn loan to support Nigerian SMEs. Read more: https://t.co/ON6U7P2kOb
Nearly one third (32%) of the total reported number of early stage investments in Africa between 2014-2019 were see… https://t.co/7JgWE9seBZ
