Venture Capital

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

12 March 2020

The Board of Directors of the African Development Bank approved, Thursday, March 11 in Abidjan, a stake of EUR12mn in the capital of the Yeelen fund dedicated to the financial sector. Yeelen Financial Fund LP is a 12-year investment fund domiciled in Mau…

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CNBC Africa interviews AVCA’s Head of Research and Training

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

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Fintech TerraPay raises $9.6 million from IFC and Partech

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…

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Partech leds US$2mn Seed Round Investment in Gebeya inc.

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…

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CDC Group makes US$15mn commitment to TLcom’s TIDE Africa Fund

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…

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DEG invests EUR30mn into AfricaGrow Fund of Funds for African SME and VC funds

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…

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FMO Ventures Program signed at Africa Investment Forum

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…

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African Development Bank inks EUR12.5mn deal with Adiwale Fund for SMEs

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…

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Verod Capital Exits UTL Trust Management Services Limited

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…

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Flourish Ventures leds £10mn Series Funding Round of Digital Banking Startup FairMoney

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 …

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

17 July 2019

AHL Venture Partners, a leading impact investment firm in East Africa, has today announced, acting as lead investor, an equity investment in a Kenyan company, Crop Nutrition Laboratory Services Limited (“Cropnuts”). The investment is a co-investment with …

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Kasada Capital Management raises over US$500mn for new hospitality fund dedicated to Sub-Saharan Africa

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…

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Partech announces the final closing of its Partech Africa fund above hard cap at EUR125mn

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 …

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FMO ventures into Ethiopia with First Microfinance Loan Guarantee to Tackle Financial Exclusion in Rural Areas

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 …

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GTR Ventures invests in Orbitt

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…

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FMO Participates in USD 16 Million Funding Round for South African Point of Sale Payments Provider Yoco September 6, 2018

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…

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TLcom Capital raises US$40mn for new Africa tech fund

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…

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Oasis Capital Ghana Limited closes Oasis Africa venture capital fund

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…

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IFC Venture Capital Leads US$8.6mn Series A Investment in Africa’s Talking, Supporting Disruptive Technologies in Sub-Saharan Africa

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 …

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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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TLcom reaches first close for VC Fund at US$40mn

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…

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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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IFC, Omidyar, Quona and Lundin Foundation invest in Zoona

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…

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CDC to launch 14Trees, a joint venture to bring low-carbon, affordable housing materials to developing countries

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…

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AVCA announces changes to Legal & Regulatory Committee

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…

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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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Join us on Wednesday, 8th April 2020, for an interactive webinar to discuss the steps industry leaders are taking t… https://t.co/igWB9EdkDq

Over the next ten years, 17% of LPs and 50% of GPs in our African PE Industry Survey expect African PE returns to… https://t.co/lQHTIV7rQ8

Verod Capital backed Tangerine acquires ARM Life Plc. Read more: https://t.co/hbhcHAbaFD

@PartechPartners and @IFC_org led US$9.6mn funding round in fintech @TerraPay. Read more: https://t.co/95yUeJGRQa

85% of LPs in our African PE Industry Survey expect an increase in PE exits through trade buyers over the next 3-5… https://t.co/OFlRBSo4EQ