Industry News

May Industry News

06 May 2022

A collection of news across the African private equity and venture capital industry | Apis partially exits Sun King Apis Growth Fund I, a private equity fund managed by Apis Partners, has partially exited its position in off-grid solar energy company Su…

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April Industry News

04 April 2022

A collection of news across the African private equity and venture capital industry | XSML reaches hard cap for African Rivers Fund III at USD 85 million XSML, a fund manager active in Central & East Africa, has reached the hard cap for its African …

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March Industry News

01 March 2022

A collection of news across the African private equity and venture capital industry | BluePeak’s Inaugural Fund qualifies to contribute to 2X global gender finance challenge BluePeak’s 2X Challenge status demonstrates the firm’s commitment to gender-len…

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February Industry News

01 February 2022

A collection of news across the African private equity and venture capital industry | Esusu becomes unicorn with SoftBank Vision Fund 2-led US$130mn funding Esusu, a fintech that targets immigrant and minority groups and provides rent reporting and data…

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January Industry News

10 January 2022

A collection of news across the African private equity and venture capital industry | Kerry Group acquires Rwanda-based food flavouring company Afribon  The Kerry Group has expanded its footprint in Africa following its acquisition of Rwanda-based Afrib…

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December Industry News

01 December 2021

A collection of news across the African private equity and venture capital industry | Nigerian mobility-tech startup MAX raises US$31mn in Series B round Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets acr…

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November Industry News

01 November 2021

A collection of news across the African private equity and venture capital industry | Ata Capital completes management buyout of RCA from South Africa's Ascendis Health Ata Capital (Pty) Ltd (“Ata Capital”), a leading private equity (“PE”) investment ma…

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VC and PE professionals launch Association in Ghana

28 October 2021

Venture Capital (VC) and Private Equity (PE) practitioners in Ghana rallied together to launch the Ghana Venture Capital and Private Equity Association (GVCA) at an event attended by industry players, government officials, development finance personnel, regu…

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Weekly Digest 12

20 October 2021

A collection of news across the African private equity and venture capital industry | Goodwell participates in Asante’s US$7.5mn funding round Asante Financial Services Group (“Asante”) announces US$7.5mn Series A investment anchored by Goodwell Investm…

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Weekly Digest 11

13 October 2021

A collection of news across the African private equity and venture capital industry | Knife Capital and Hlayisani Growth Fund in edtech deal Education technology company Snapplify has raised R30mn in “expansion capital” from venture capital firm Knife C…

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Weekly Digest 10

06 October 2021

A collection of news across the African private equity and venture capital industry | DPI raises one of the largest Africa funds at US$900mn to invest in innovation-led companies Development Partners International (DPI) announced that the African Develo…

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Weekly Digest 9

29 September 2021

A collection of news across the African private equity and venture capital industry | ReelFruit raises US$3mn in Series A funding round led by Alitheia Capital Alitheia IDF led the round and invested US$2mn while other investors included Samata Capital …

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Weekly Digest 8

22 September 2021

A collection of news across the African private equity and venture capital industry | Cartona raises US$4.5mn in funding  Cartona, the Egypt-based B2B platform connecting retailers to manufacturers and wholesalers, has successfully raised US$4.5mn in it…

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Weekly Digest 7

15 September 2021

A collection of news across the African private equity and venture capital industry | SunFunder invests US$4mn into off-grid solar company SunFunder, which provides debt financing for solar enterprises working in emerging and frontier markets, announced…

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Weekly Digest 6

08 September 2021

A collection of news across the African private equity and venture capital industry | Cropnuts, backed by DOB Equity, launches AgViza, a new disruptive AI platform, designed to make soil testing more affordable for African farmers Crop Nutrition Laborat…

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Weekly Digest 5

01 September 2021

A collection of news across the African private equity and venture capital industry | Sequoia Heritage, Stripe and others invest US$200mn in African fintech Wave at US$1.7bn valuation Wave, the U.S. and Senegal-based mobile money provider, has raised US…

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Weekly Digest 4

25 August 2021

A collection of news across the African private equity and venture capital industry | OPay raises US$400mn in a funding round led by SoftBank Chinese-backed and Africa-focused fintech company OPay raised US$400mn in new financing led by SoftBank Vision …

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Weekly Digest 3

18 August 2021

A collection of news across the African private equity and venture capital industry | Acumen closes US$58mn impact fund, the first to drive climate adaptation for smallholder farmers The Acumen Resilient Agriculture Fund (ARAF) closed in June 2021. This…

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Weekly Digest 2

11 August 2021

A collection of news across the African private equity and venture capital industry | Old Mutual PE fund backs Malawian macadamia producer Africa Merchant Capital (AMC) Advisory advised the management team at Gala Agriculture Company, a macadamia planta…

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Weekly Digest 1

04 August 2021

A collection of news across the African private equity and venture capital industry | Pearl Capital Partners' invests US$2.5mn in Pura Organic Agro Tech Ltd Yield Uganda Investment Fund (Yield Fund), which is managed by Pearl Capital Partners, has annou…

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#AfricaDay is an international celebration held by a number of African countries, to celebrate African independence… https://t.co/nbQjpR3Dsk

@MediterraniaP exits @GROUPECOFINA, the leading #mesofinance and transactional financial services institution in W… https://t.co/pxHGNxp8Wo

@IFU et al. in US$15.5mn deal to back @AfricaGreenCo #NationalConservationWeek “GreenCo is an #innovative busines… https://t.co/AFk9tnhw3J

The #SAVCAPEconf2022 kicks off this week and is vital to surfacing the challenges the region's PE industry has face… https://t.co/6xca48GwnP

RT @tolushola: Educational opportunities - like @AVCA_Africa's Limited Partner Knowledge Exchange Initiative and other specially curated tr…