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…
Read more »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…
Read more »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. …
Read more »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.…
Read more »03 October 2017
Vakayi Capital, a ve nture capital firm, has availed about $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 dat…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »12 September 2017
Agilis Partners acquires majority stake in The Joseph Initiative, a leading grain management and merchandising company in Uganda Management Buy Out is one of the first in Uganda New capital structure will enhance the company’s growth prospects in a se…
Read more »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…
Read more »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. …
Read more »30 August 2017
CDC Group plc, the UK’s development finance institution, has today demonstrated its commitment to finding new ways to channel growth capital into African markets by investing US$20mn in Solon Capital Holdings, an investment holding company based in Sierra…
Read more »23 August 2017
Inspired, a leading group of premium schools in Europe, Africa, Latin America and Australia, announced it has received a significant strategic growth investment from TA Associates, a leading global growth private equity firm. Inspired is a co-educational,…
Read more »27 July 2017
Convergence Partners Investments (Convergence Partners) - an investment firm focused on the TMT sector in Africa - has exited its investment in specialist IT services and solutions company, Dimension Data Middle East & Africa (DiData). Convergence Pa…
Read more »27 July 2017
XSML, the fund manager active in Central & East Africa, announced its second investment in Uganda in Qualicoff, an exporter of Ugandan coffee beans. Qualicoff exports high quality green beans to specialty roasters in Europe and the UAE. Qualicoff bu…
Read more »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…
Read more »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…
Read more »07 July 2017
Pan-African private equity firm Emerging Capital Partners (ECP) has announced that it has entered a definitive agreement to sell its 90% share ownership of the Java House Group, East Africa’s leading casual dining chain, to The Abraaj Group. Java House G…
Read more »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…
Read more »07 July 2017
Yeelen Capital initiated by Cauris Management, has achieved subscriptions in excess of EUR30mn for Yeelen Financial Fund L.P., its private equity fund dedicated to the financial sector, at the end of an initial closing held today. Yeelen Financial Fund L…
Read more »03 July 2017
Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from one of South Africa’s most respected value-added dairy companies, Fairfield Dairy, con…
Read more »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 …
Read more »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 …
Read more »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…
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 »19 June 2017
Sahel Capital, fund manager for the Fund for Agricultural Finance in Nigeria (FAFIN), is pleased to announce the successful US$65.9mn final close of its debut fund. As part of this close, the African Development Bank, CDC Group, and the Dutch Good Growth …
Read more »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…
Read more »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…
Read more »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 …
Read more »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 …
Read more »26 May 2017
Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, is pleased to announce the final closing of Adenia Capital (IV). After being significantly oversubscribed, the fund closed at i…
Read more »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…
Read more »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 …
Read more »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-…
Read more »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…
Read more »15 May 2017
Today, XSML, the fund manager active in Central & East Africa, announced its final close of the African Rivers Fund at US$50mn. The African Rivers Fund is XSML’s second fund under management, after its maiden fund the Central Africa SME Fund (CASF), b…
Read more »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…
Read more »08 May 2017
Catalyst Principal Partners, a leading Eastern Africa focused private equity firm, has completed its first investment under its second fund which achieved its first close of US$103 million last month. Through a newly established firm, Britania Foods Li…
Read more »02 May 2017
GBfoods S.A. (GBfoods), a leading multinational food company headquartered in Barcelona, has partnered with Helios Investment Partners (Helios), a premier Africa-focused private investment firm, to create one of Africa’s largest Fast Moving Consumer Goods…
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 »25 April 2017
Investec Asset Management (IAM) has successfully completed an exit from its mezzanine investment in SA Taxi, the first financial services provider to focus solely on the taxi industry in South Africa. IAM invested in March 2011 through its first African …
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »10 April 2017
AfricInvest, a leading pan-African SME-focused private equity firm with more than US$1bn under management, and Mediterrania Capital Partners (MCP), a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan count…
Read more »10 April 2017
Mediterrania Capital Partners, a regional private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, and AfricInvest, a leading pan- African SME-focused private equity firm with more than US$1bn under management,…
Read more »07 April 2017
Actis, a leading growth markets investor, has announced the sale of its remaining 7.5% stake in Edita Food Industries (Edita) to 42 blue-chip international investors from the USA, UK, Germany, South Africa, and the UAE through an accelerated book build on…
Read more »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…
Read more »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…
Read more »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…
Read more »21 February 2017
The shareholders of the Sindila hydropower project are pleased to announce that the 5.25MW run of river project achieved financial close on 30 January 2017 and has commenced construction. The project benefits from a 20-year power purchase agreement with t…
Read more »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…
Read more »16 February 2017
Injaro Investments, the manager of the agricultural impact fund IACHL, announces the sale of its 30% stake in seed producer NAFASO SA to the founders and other shareholders. This share sale represents a full exit from Nafaso after a holding period of just…
Read more »10 February 2017
Development Partners International (DPI), a leading Africa-focused private equity firm with US$1.1bn in assets under management, is pleased to announce that its African Development Partners I (ADP I) Fund has successfully sold its 27.7% shareholding in CA…
Read more »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…
Read more »01 February 2017
EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund (Agri-Vie Fund II), focused on the food and agribusiness sector in Sub-Saharan Africa, after attracting commitments of over US$100mn – …
Read more »25 January 2017
The European Union (EU), the International Fund for Agricultural Development (IFAD) and the National Social Security Fund (NSSF) are working together to catalyse investment in the agriculture value chain with the launch today of the Yield Uganda Investmen…
Read more »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…
Read more »16 January 2017
Actis, a leading growth markets investor, today announced a full exit of its remaining 14.3% stake in Uganda’s principal electricity distribution and supply business, Umeme Ltd, via the Ugandan and Kenyan capital markets. Actis originally invested in Ume…
Read more »16 January 2017
AfricInvest and Bpifrance are pleased to announce the launch of the French African Fund (FFA), the first cross-border investment fund dedicated to the development of small and medium-sized enterprises (SMEs) in both Africa and France. The fund will be ma…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »23 November 2016
East Africa focused private equity firm Catalyst Principal Partners (Catalyst) has announced its exit from pharmaceutical retailer Goodlife Pharmacy where it held a controlling stake. Catalyst sold its stake to LeapFrog Investments, a private equity inves…
Read more »10 November 2016
Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has launched Adenia Capital (IV), its fourth follow-on fund vehicle, securing EUR180mn of LP commitments in a first closing thi…
Read more »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 …
Read more »02 November 2016
Capria, a global impact investment firm focused on the “missing middle” finance opportunity by advancing the next generation of impact fund managers in emerging markets, today announced that the Capria Accelerator Fund has reached its final close at US$5.…
Read more »01 November 2016
AfricInvest, one of the key Pan-African midcap private equity firms, is pleased to announce that its Maghreb Private Equity Fund II (MPEF II) has successfully sold its 20.06% stake in the Group Cotugrain Hortimag (Cotugrain Hortimag) to a consortium compo…
Read more »21 October 2016
Cauris Management, first private equity fund manager in Francophone West Africa, sold its shares in Atlantic Business International (ABI). Common holding between the Moroccan group Banque Centrale Populaire (BCP) and the Ivorian Atlantic Financial Group …
Read more »14 October 2016
Musa Capital Namibia, an affiliate of the South African-based company, Musa Group (Pty) Ltd, recently held the first close of its Namibia Mid-Cap Fund. The Fund was launched with capital from the Government Institutions Pension Fund (GIPF), and is Musa G…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »29 September 2016
AfricInvest, one of the key Pan-African midcap private equity firms, is pleased to announce that its Maghreb Private Equity Fund II (MPEF II) has successfully concluded its exit from Général Emballage (GE) a leader in the manufacturing and processing of c…
Read more »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…
Read more »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…
Read more »23 September 2016
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, announced a majority investment in Ademat, a leading business service company in Côte d’Ivoire active in the power sector. This trans…
Read more »22 September 2016
Oasis Capital Ghana has completed the first close of its second fund, Oasis Africa VC Fund (OAF) at US$27mn. The Fund, anchored by the Dutch Good Growth Fund (DGGF) at US$5mn, has secured commitments of US$7mn from the International Finance Corporation (I…
Read more »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,…
Read more »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…
Read more »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…
Read more »06 September 2016
African Capital Alliance (ACA) today announced that it has raised a total of approximately US$570mn of committed capital for its fourth private equity fund, Capital Alliance Private Equity IV Limited ("CAPE IV" or the "Fund"). As a result, ACA has become …
Read more »02 September 2016
Actis, a leading growth markets investor, today announced a significant investment in Medis Group (Medis), a prominent branded generic pharmaceuticals business in Tunisia and Algeria. Actis has acquired a meaningful stake in the business from Africinvest,…
Read more »30 August 2016
DOB Equity, a leading Dutch family office, announced that it had taken a minority stake in Twiga Foods, the Kenyan wholesaler, to expand its reach in the fast growing African micro-vendor food market. DOB Equity says Twiga Foods’ integrated and tech-enab…
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 »19 August 2016
An investment consortium led by 8 Miles LLP, the pan-African Private Equity firm, and made up of 8 Miles, African Capital Alliance (ACA), a leading Sub-Saharan Africa focused Private Equity firm, and Deutsche Investitions und Entwicklungsgesellschaft mbH …
Read more »19 August 2016
An investment consortium made up of African Capital Alliance (ACA), 8 Miles and Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG), has announced an investment in Beloxxi Industries Limited (‘Beloxxi’ or ‘the Company’), a market leading Nigerian…
Read more »19 August 2016
Deutsche Investitions- und Entwicklungsgesellschaft mbh (DEG) announced an investment in the Nigerian Beloxxi Industries Ltd. (Beloxxi) with around US$10mn, with which the biscuit manufacturer plans to expand its production. Further investors are the inve…
Read more »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 …
Read more »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 …
Read more »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…
Read more »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…
Read more »14 July 2016
LeapFrog Investments today announced that its portfolio companies now employ 102,438 people in Asia, Africa and Latin America. “Nothing sustains a family more than a secure job. Each job typically supports a family of five in our focus countries, while b…
Read more »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…
Read more »07 July 2016
Metier Capital Growth Fund II completed further closings to June 2016, raising in excess of ZAR2.5bn, with further commitments expected by final closing. The fund is the successor fund to the Capital Growth Fund of 2006/7 which invested in eight portfoli…
Read more »05 July 2016
African Infrastructure Investment Managers (AIIM) has announced the successful sale of investments in three privately-concessioned toll roads in Southern Africa. Acting as the manager of the South Africa Infrastructure Fund (SAIF), AIIM successfully concl…
Read more »29 June 2016
Alitheia Identity Managers (Alitheia Identity) announced a partnership with Capria Ventures (Capria), a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets. Female entrepreneurs, women-le…
Read more »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…
Read more »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…
Read more »23 June 2016
Pareto Limited and Business Venture Investments No. 1360 (Proprietary) Limited (Pareto) announced the successful conclusion of an equity raising transaction with Belelani Capital, a Broad Based Black Economic Empowerment (BEE) company. The subscription by…
Read more »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)…
Read more »21 June 2016
Helios Investment Partners (acting on behalf of Helios Investors, L.P.) and including The Pembani Group, First City Monument Bank and IFC, announced the completion of the sale of HTN Towers (“HTN”), the pioneer of tower infrastructure sharing in Africa, t…
Read more »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…
Read more »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…
Read more »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…
Read more »03 June 2016
Actis, a leading growth markets investor, has announced that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than US$500mn, comfortably exceeding it…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »04 May 2016
The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced that it has successfully exited its investment in leading Tunisian pharmaceutical company Unité de fabrication de médicaments (‘Unimed’ or t…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »23 March 2016
Charles Russell Speechlys (CRS) has acted as legal adviser to the management team of Emerging Markets Payments (EMP), the leading Africa and Middle East payments business, on the sale of EMP by Actis to Network International. Actis is the private equity f…
Read more »16 March 2016
The Abraaj Group (“Abraaj”), a leading investor operating in global growth markets, today announced the formation of a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space. As a member of The A…
Read more »16 March 2016
The founders of Agri-Vie Investment Fund, the African private equity fund focused on the food and agribusiness sector, and pan-African asset manager STANLIB, are proud to announce the formation of EXEO Capital - an Africa-focused private equity partnershi…
Read more »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…
Read more »10 March 2016
Acting on behalf of funds to which it is advisor, Helios Investment Partners (“Helios”) today announced it has agreed the sale of HTN Towers (“HTN”), the pioneer tower company in Nigeria, to IHS Towers (“IHS”), the largest telecommunications infrastructur…
Read more »07 March 2016
Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in energy and infrastructure, announced today that its business unit Finance Unlimited has finalized the sale of its entire holding in subsidiary Tanmeyah Microenterprise Services, Egypt…
Read more »03 March 2016
Actis, a leading growth markets investor, today confirmed an agreement to sell Emerging Markets Payments (‘EMP’), the leading Africa and Middle East payments business, to Network International. The transaction is subject to regulatory approvals.Actis esta…
Read more »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…
Read more »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…
Read more »22 February 2016
Enko Capital Managers is pleased to announce it has successfully reached a US$83.25 million final close of its Pan-African fund, the Enko Africa Private Equity Fund (EAPEF). Significant second close investors included Proparco, through its FISEA window, a…
Read more »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…
Read more »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. …
Read more »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…
Read more »12 February 2016
Investec Asset Management has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at US$295mn. The investor base includes pension funds, endowments, fund of funds and development finance insti…
Read more »12 February 2016
12th February, 2016 - AfricInvest and Siparex are pleased to announce the first closing of the “Fonds de Co-Localisation Franco-Tunisien” (FCFT), promoted and equally subscribed by French and Tunisian state investors - Bpifrance (France) and Caisse des Dé…
Read more »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 …
Read more »28 January 2016
Verod Capital is pleased to announce the final close of Verod Capital Growth Fund II (“Verod Fund II”) at $115mn, exceeding its original target of $100mn. Verod Fund II is supported by a diverse group of prominent global investors and includes a mix of fu…
Read more »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…
Read more »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…
Read more »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 …
Read more »21 January 2016
Prudential Financial, Inc. (NYSE: PRU) and LeapFrog Investments announced today the launch of a US$350 million investment partnership to access high-growth markets in Africa. Managed by LeapFrog, the new investment vehicle will target investments in life …
Read more »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…
Read more »18 January 2016
Kibo Capital Partners, a provider of growth capital in East Africa, Southern Africa and the Indian Ocean islands, today announced the second close of its Kibo Fund II. The total fund size increased to about US$58 million with investors including Nile Hold…
Read more »14 January 2016
Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces a full exit of Cepro ("Cellulose Processing"), a manufacturer and distributor of baby diapers and …
Read more »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…
Read more »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…
Read more »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…
Read more »22 December 2015
Tunis, Tunisia, 22 December 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced the successful exit through one of its Funds of a partial stake in leading Tunisian pharmaceutical company Unité …
Read more »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 …
Read more »16 December 2015
Regional PE fund Kibo I has partially exited its investment in Madison Finance Company Limited (MFinance) through redemption of its preference shares. MFinance is a licensed microfinance institution in Zambia with a network of 18 branches. TKF acquired a …
Read more »12 December 2015
Edmond de Rotschild Private Equity (EDR PE), ONF International (ONFI) and the Moringa Partnership team are pleased to announce the final closing of the Moringa S.C.A., SICAR, a private equity investment vehicle dedicated to making investments in sustainab…
Read more »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 …
Read more »10 December 2015
LeapFrog Investments is set to receive up to US$200m from the Overseas Private Investment Corporation, the OPIC Board of Directors announced today. This is the largest commitment in history to any impact fund manager. It also brings commitments to LeapFro…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
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 »25 November 2015
Dubai, United Arab Emirates, 24 November 2015: The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, today announced that it has fully exited its shareholding in the African insurer, Saham Finances (‘Saham’ or the ‘Co…
Read more »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…
Read more »17 November 2015
Actis, an emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real…
Read more »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…
Read more »11 November 2015
Okey Enelamah, Co-Founder and CEO of African Capital Alliance (ACA), was today appointed by President Muhammadu Buhari to serve as the Minister for Industry, Trade & Investment of the Federal Government of Nigeria.With this appointment, Okey Enelamah …
Read more »10 November 2015
Investec Asset Management and Growthpoint Properties announced today that they have entered into a joint venture agreement, which in partnership with IFC, a member of the World Bank Group, will seek to establish and grow a significant diversified pan-Afri…
Read more »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…
Read more »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…
Read more »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…
Read more »27 October 2015
Port Louis, Mauritius, September 2015: Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, has exited its investment in Newpack, a corrugated cardboard packaging company in the Indian O…
Read more »27 October 2015
Port Louis, Mauritius, October 2015: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, the capital city of Madagascar, to a group of loc…
Read more »27 October 2015
IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…
Read more »27 October 2015
IPDEV2, the first incubator and sponsor of African impact funds, held the signing of its first closing on October 20th 2015. While three funds are already operational, in Niger, Burkina Faso and Senegal, IPDEV2 aims to build a network of 10 impact funds i…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »28 September 2015
Europe’s long-term financing institution, the European Investment Bank (EIB) and Meridiam, a global investor and asset manager specializing in public and community infrastructure today announced the agreement of a new €30 million catalyst investment in th…
Read more »22 September 2015
Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, along with its investment partners, announces the sale of C-Re Holding Limited (“C-Re Holding”) to Saham Finances S.A (“Saham”), the i…
Read more »21 September 2015
AfricInvest is pleased to announce that its fund AfricInvest Ltd., acting as lead investor, alongside FMO (the Dutch development bank), Finnfund (Finnish Fund for Industrial Cooperation Ltd.), Bank of Africa Group (a pan-African bank majority-owned by BMC…
Read more »21 September 2015
Globeleq, a company owned by Actis, the pan-emerging market investor, has completed the sale and transfer of Globeleq Africa, the power generation platform in Africa, to a company owned by Norfund, the Norwegian investment fund for developing countries an…
Read more »18 September 2015
Synergy Private Equity Fund I (SPEF) LP is pleased to announce the final close of its fund. The fund closed above its initial hard cap of $100m on September 9, 2015 ahead of the first anniversary of its first close, which was on September 12, 2014. Fundra…
Read more »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…
Read more »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…
Read more »07 September 2015
AfricInvest, a pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II, along with other shareholders, has successfully concluded its exit from Brookhouse Schools Ltd (“Brookhouse”) to UK-based Educas LLC in Augus…
Read more »03 September 2015
CDC Group plc (‘CDC’) and the International Finance Corporation (‘IFC’) have invested US$24m to acquire a 5% holding in CRDB Bank plc (‘CRDB’), a provider of financial services in Tanzania. The investment will enable CRDB to continue its growth and furthe…
Read more »01 September 2015
Cape Town, South Africa, 1 September 2015: African Infrastructure Investment Managers (AIIM), an African infrastructure equity investment manager, has announced its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an es…
Read more »01 September 2015
Actis today announced the acquisition of a significant minority stake in Coricraft Group, a South African home furnishings retailer. Actis’ investment affirms the strength of Coricraft Group’s cash value home retail model and will act as a substantial ena…
Read more »24 August 2015
Cotonou, Benin, 24 August 2015: Cauris Croissance, the second fund managed by Cauris Management, the West African private equity fund manager, confirmed the sale of its stake in Eau Technologie Environnement (ETE) to the Moroccan company “Les Eaux Minéral…
Read more »24 August 2015
The Abraaj Group (‘Abraaj’ or the ‘Group’), a leading investor operating in global growth markets, today announced the final close of its second dedicated North Africa private equity Fund at US$ 375 million. The new Fund brings the total amount closed by …
Read more »20 August 2015
Investec Asset Management has successfully closed the Investec Africa Credit Opportunities Fund 1 at U$226.5 million.The Dutch development bank, FMO, and the UK’s Development Finance Agency, CDC, played an instrumental role in anchoring the fund. The inve…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »27 July 2015
July 27th 2015: Mediterrania Capital Partners, the regional Private Equity firm focusing in Growth investments for SMEs, announces a final close of Mediterrania Capital II (“MC II”), its second Growth Fund for North Africa, at the planned target of €120 m…
Read more »27 July 2015
Dar Es Salam, Tanzania and Johannesburg, South Africa, July 27th 2015: Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) today announced its intention to sell its current minority shareholding in Export Trading Group (ETG) to the company man…
Read more »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…
Read more »15 July 2015
July 15, 2015: Emerging Capital Partners (ECP), today confirms that it has exited la Nouvelle Societé Interafricaine d’Assurance Participations SA (NSIA), the west and central African insurance group, through the sale of its equity stake to the National …
Read more »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…
Read more »10 July 2015
10th July 2015: The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, July 8, 2015 an equity investment of up to US$45 million in Atlantic Coast Regional Fund LLC II (or “AFIG Fund II”), a 10-year US$300 million multi-sector…
Read more »07 July 2015
Actis today confirms that it has sold its majority shareholding investment in Mouka Limited (Mouka), the Nigerian mattress brand, to Abraaj, a private equity investor. Financial details of the transaction were not disclosed. Mouka manufactures foam sprin…
Read more »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…
Read more »06 July 2015
Gauteng, South Africa, July 3rd 2015: South Point, established in 2003 and headquartered in Braamfontein, Johannesburg, acquires and redevelops distressed and underutilised inner city properties to provide affordable, convenient accommodation to students …
Read more »01 July 2015
July 1st 2015: Kibo Capital Partners, a manager of regional private equity funds, today announced the sale of its entire 40% stake in Uganda-based International Medical Group (IMG). Kibo sold its shareholding to a consortium consisting of the Ciel Group, …
Read more »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…
Read more »24 June 2015
Nairobi, Kenya, 24th June 2015. We are pleased to announce that NSSF Uganda has completed the purchase of a 2.44% stake in Equity Group Holdings Limited (“Equity Group”) from Helios at a price of Kenya Shillings fifty (50/=) per share.Commenting on the tr…
Read more »06 June 2015
Nairobi, Kenya, 6th June, 2015: Helios Investment Partners announced that funds managed by Genesis have acquired from Helios 155,854,000 shares (comprising approximately 4.21% of the issued shares) in Equity Group at a price of Kenya Shillings 47.50 per s…
Read more »05 June 2015
June 5th 2015: International Housing Solutions has begun to approve investments as it continues to raise capital for its second fund (successfully closing about $180 million USD of capital to date). The first investment it has closed is Ravenswood. This…
Read more »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…
Read more »21 May 2015
Cairo, Egypt, May 21 2015: IFC, a member of the World Bank Group, is investing $10 million in a venture capital fund that supports promising technology companies, part of an effort to drive job creation across the Middle East and North Africa (MENA).The i…
Read more »20 May 2015
Dubai, United Arab Emirates, May 20 2015: The Abraaj Group (‘Abraaj’ or ‘The Group’), an investor operating in global growth markets, today announced its commitment of US$ 30 million to the Auvest MENASA Opportunities Fund I L.P. (the ‘Fund’). Through th…
Read more »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…
Read more »18 May 2015
CDC Group plc (‘CDC’), the UK development finance institution, has announced a commitment of US$75m to the Pembani Remgro Infrastructure Fund (the ‘Fund’ or ‘PRIF’), a joint initiative established by Remgro and Phuthuma Nhleko. By providing 30% of capital…
Read more »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 …
Read more »05 May 2015
London, United Kingdom, May 5th 2015 – Funds advised by Helios Investment Partners (“Helios”) have agreed to invest $100m for a 12.4% stake in Africa Oil Corp. (“Africa Oil” or “the Company”). Africa Oil Corp. is a Canadian oil and gas company with a…
Read more »30 April 2015
Overseas Private Investment Corporation: Global Engagement Call For ProposalsThe Overseas Private Investment Corporation is launching its 2015 Global Engagement Call for Proposals. OPIC is inviting proposals from fund managers seeking OPIC financing for f…
Read more »24 April 2015
Johannesburg, South Africa, April 24 2015: Vantage Capital, an African mezzanine debt provider, today announced that the DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and four other European investors are contributing a total of a…
Read more »23 April 2015
Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana (“PPG”), a leading real estate development company based in …
Read more »22 April 2015
Verod Capital has along with the management team of Union Trustees Limited acquired Union Trustees Limited. This is the third investment in Verod Capital’s Fund II. The company, a fully owned subsidiary of Union Bank of Nigeria is duly licensed and regist…
Read more »13 April 2015
Dubai, UAE, 13 April 2015: The Abraaj Group (“Abraaj” or “The Group”), an investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 990 million. Abraaj Africa Fund I…
Read more »08 April 2015
Johannesburg, South Africa, April 8 2015: The Netherlands Development Finance Company (FMO) and Vantage Capital have exited their R220 million ($32 million) investment in Safripol, a Southern African plastic polymer manufacturer.Vantage is a Pan-African m…
Read more »02 April 2015
Actis, the global pan-emerging market private equity investor, has partially exited from Edita Food Industries (Edita), an independent snack food business in North Africa. Subject to final completion, Actis has sold a 15 % stake as part of a heavily overs…
Read more »01 April 2015
London, United Kingdom, 01 April 2015: DPI, an Africa private equity specialist with US$1.1 billion under management, has successfully closed its second fund, the oversubscribed ADP II fund, at ~US$725 million significantly beating its $500 million targe…
Read more »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 …
Read more »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…
Read more »23 March 2015
Verod Capital has fully exited ownership of HFP Engineering (“HFP”), a Nigerian company based in Lagos. Established in 1979, HFP is a major player in the property development and construction industry in Nigeria. The company developed several landmark p…
Read more »10 March 2015
Cairo, Egypt, 10 March 2015: The Abraaj Group (‘Abraaj’ or ‘the Group’), an investor operating in global growth markets, today announced the successful exit, through one of its Funds, of its investment in ECCO Outsourcing S.A.E (‘ECCO’ or ‘the Company’), …
Read more »04 March 2015
Gauteng, South Africa, 4 March 2015: The Metier Capital Growth Fund II completed its first close in mid-February 2015 and has already signed a binding sale agreement with its first portfolio company, a consumer retail chain with a presence in South Africa…
Read more »02 March 2015
Actis has won two awards for its preeminent African and energy expertise. The firm has been named ‘2014 Firm of the Year in Africa’ by Private Equity International (PEI) and ‘2014 African Infrastructure Fund Manager of the Year’ by Infrastructure Investor…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »06 February 2015
Following an announcement that Helios Investment Partners (“Helios”) exceeded the $1 billion target set for the firm’s third Africa-focused fund, Helios Investors III, L.P. (“Helios III”), Helios today announced that Helios III, which was oversubscribed, …
Read more »03 February 2015
Qalaa Holdings (CCAP.CA on the Egyptian Exchange, formerly Citadel Capital), an African leader in infrastructure and industry, signed today a sale and purchase agreement to divest its full 80% shareholding in Pharos Holding in a deal valuing 100% of Pharo…
Read more »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…
Read more »27 January 2015
AfricInvest, a leading pan-African SME-focused private equity firm, is pleased to announce that its AfricInvest Fund II (“AFII”) and AfricInvest Financial Sector (“AFS”) Fund, along with two other investors, Aureos Africa Fund (managed by Abraaj) and Swed…
Read more »16 January 2015
London,United Kingdom, 16 January 2015: Norfund and NorFinance AS (a joint venture investment company between Norfund and Norwegian private investors) have agreed terms with Helios Investment Partners (“Helios”) to purchase from Helios an effective stake …
Read more »12 January 2015
London, United Kingdom, 12th January 2015: Helios Investment Partners ("Helios"), a leading pan-African private investment firm, today announced it has exceeded the $1 billion target set for its third Africa-focused fund and the firm will shortly be closi…
Read more »09 January 2015
London, United Kingdom, January 9th 2015: CDC Group plc, the UK’s development finance institution, has appointed Murray Grant as Managing Director for its Africa Funds team. He will join CDC in January 2015 and will manage the team responsible for the or…
Read more »08 January 2015
Nairobi, Kenya, January 8th 2015: Centum Investment Company Limited (“Centum”) is pleased to announce that it has entered into an agreement with a member of the Old Mutual Group for the sale of Centum’s 13.75% shareholding in UAP Holdings Limited. Alongs…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »22 December 2014
Investment enabled expansion of Company’s North African footprint and increased product range Construction of new state-of-the-art production plant to further improve long-term growth prospects Tunis, Tunisia, 22 December 2014: The…
Read more »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…
Read more »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…
Read more »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…
Read more »17 December 2014
CDC has published guidance for investors to help them assess the likely risks of serious or fatal workplace incidents in emerging markets. The guidance also advises investors on how to reduce the likelihood of such incidents.While drawing on broad industr…
Read more »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…
Read more »09 December 2014
Abidjan - On December 9, 2014, in Dakar, Senegal, the Regional Stock Exchange (BRVM) and Advanced Finance & Investment Group (AFIG Funds) signed a strategic partnership agreement to facilitate access to financing via the stock exchange. This partnersh…
Read more »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 …
Read more »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…
Read more »28 November 2014
Funds managed by DPI (“Development Partners International LLP”) and AfricInvest, leading Africa-focused private equity funds and DEG, FMO and PROPARCO, the European development finance institutions, announced today that they have entered into a definitive…
Read more »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…
Read more »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…
Read more »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…
Read more »20 November 2014
Exit in-line with ADC’s strategic focus on banking Leapfrog becomes key shareholder ADC African Development Corporation AG (ADC) announces the sale of its 38.74% stake in Resolution Health East Africa Limited (RHEAL) to Peter Nduat…
Read more »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 …
Read more »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…
Read more »07 November 2014
U.S. Secretary of Commerce Penny Pritzker Appoints Advisory Council to Advance President's Business Priorities for AfricaAt Discover Global Markets forum in Atlanta, Secretary Pritzker focuses on trade and investment opportunities in Sub-Saharan AfricaU.S…
Read more »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…
Read more »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 …
Read more »24 October 2014
Paris, October 24 2014: Kusuntu Partners launches a new service for linking up the Africa Focused Private Equity Funds and Investors to Africa Small and Growing Businesses.Kusuntu, a partnership that promotes the emergence and the development of African E…
Read more »15 October 2014
Tunis, October 15th 2014 – The AfricInvest Group is pleased to announce the first closing of the multi-sector private equity fund AfricInvest Fund III LLC (‘AF III’), with a size exceeding Euro 154 million in capital commitments alongside prestigious dev…
Read more »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…
Read more »08 October 2014
On Wednesday, October 1, 2014 in Abidjan, the Board of Directors of the African Development Bank approved a €10-million equity investment in the African compartment of the Moringa Private Equity Fund.Moringa will invest in scalable, replicable agroforestr…
Read more »08 October 2014
LeapFrog Investments has agreed to sell its minority stake in Apollo Investments Limited, a leading East African insurance group, to Swiss Re. LeapFrog is actively seeking further financial services companies in the region, with up to U…
Read more »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…
Read more »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…
Read more »15 September 2014
Synergy Private Equity Fund (LP) is pleased to announce its first close of US$56.25M on September 12, 2014. The Synergy Private Equity Fund (SPEF) is a $75 million-target ($100m hard cap) private equity fund domiciled in Mauritius and focused on mid-size…
Read more »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…
Read more »05 September 2014
Investec Asset Management is delighted to recognise the significant achievement of IHS in being selected by MTN to jointly own, and to have full operational control over, the 9,151 network towers that MTN currently has in Nigeria. This landmark deal, foll…
Read more »29 August 2014
Injaro Investments Limited (“IIL”) is pleased to announce the final closing of Injaro Agricultural Capital Holdings Limited (“Injaro”), its West-Africa focused impact-oriented fund, with total commitments of US$49m. Final closing commitments of US$15m, US…
Read more »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. …
Read more »29 August 2014
Synergy Capital (Synergy) is pleased to announce the exit of its investment in Ridge Energy Limited Ghana, a mid stream oil & gas infrastructure business located in Tema, Ghana. The transaction, which, closed on Thursday, August 28, 2014, is a trade …
Read more »05 August 2014
Partnership will invest across the oil & gas value chain as well as in consumer, financial services and agribusiness sectors – building blocks of the African economyWashington, DC & Lagos, Nigeria – Global alternative asset manager The Carlyle Gro…
Read more »03 August 2014
Abraaj exits investment in Fibrex, a leading manufacturer of plastic pipes Deal among the first for the private equity industry in Angola Production volume increased organically by over 70% per cent The Abraaj Group (“A…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »30 June 2014
Amethis Finance, the private investment fund dedicated to long-term responsible investments in Africa, founded in partnership between Luc Rigouzzo, Laurent Demey, and the Edmond de Rothschild Group through Compagnie Benjamin de Rothschild Conseil “CBR”, s…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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 …
Read more »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…
Read more »13 June 2014
Kibo Capital Partners today announced the first close of its second fund, The Kibo Fund II LLC (‘Kibo II’), totalling US$50 million. Kibo II targets growth capital investments in East Africa, Southern Africa and the Indian Ocean islands.Investors include …
Read more »13 June 2014
Dentons is delighted to have won the 'Advisor of the Year – Single Deal Advisor' award at the Private Equity Africa Awards 2014. Dentons won the award for its role advising Indorama on its co-investment with Helios in the US$3bn Petrobras Oil & Gas JV…
Read more »12 June 2014
OUTSTANDING LEADERSHIP AWARDHenry Obi, Partner, Helios Investment PartnersDEAL OF THE YEAR: Large Cap Deal of the YearPetrobas Africa, Helios Investment PartnersHenry Obi, partner and chief operating officer at Helios Investment Partners, has been awarded…
Read more »12 June 2014
Many African countries have enjoyed a distinct improvement of framework conditions. Africa is home to six of the world's ten fastest-growing economies. The continent as a whole has reported a threefold increase in its economic performance since 2000.The o…
Read more »11 June 2014
Leading South African law firm Webber Wentzel has received the Private Equity Africa Deals Legal Advisor of the Year award for 2013."We are extremely proud of this achievement. It is a testament to our deep and longstanding private equity sector specialis…
Read more »10 June 2014
King & Wood Mallesons SJ Berwin has been awarded ‘Legal Advisor of the Year - Funds’ at Private Equity Africa’s third annual GP & Advisor Awards.The Private Equity Africa Awards celebrate the best in-class global investors and advisors working sol…
Read more »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…
Read more »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…
Read more »02 June 2014
ADC African Development Corporation AG (ADC); ISIN DE000A1E8NW9, announces the sale of RSwitch, the national e-payment switch of Rwanda, to Millicom (Stockholmsbörsen: MIC) – a digital services provider operating under the Tigo brand in 15 markets in Afri…
Read more »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…
Read more »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…
Read more »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…
Read more »12 May 2014
12 May 2014: The Central Africa Growth Sicar (CAGS) fund, managed by pan-African private equity firm Emerging Capital Partners (ECP), today announces it has successfully exited its stake in Oragroup, the Togo-based, regional commercial banking holding com…
Read more »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 …
Read more »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$550m of equity to date in 2014, thereby extending its lead as Africa’s larges…
Read more »16 April 2014
Investment will consolidate Kool Food’s market-leading position in Morocco and enhance its international expansion plansCasablanca, Morocco, 16 April 2014: The Abraaj Group ("Abraaj" or "The Group"), a leading investor operating in global growth markets, …
Read more »16 April 2014
Dedicated African private equity fund focuses on businesses that support growing middle class London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the final close of Carlyle Sub-Saharan Africa Fund (CSSAF), reachin…
Read more »07 April 2014
AfricInvest Group is delighted to announce the third and final closing of its AfricInvest Financial Sector (AFS) fund, with limited partner commitments reaching EUR 60.6 million.New commitments came from KfW,BIO, Desjardins Group, and the Adolf H. Lundin …
Read more »02 April 2014
Citadel Capital Subsidiary Acquires Additional 34% of Rift Valley Railways in US$ 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…
Read more »02 April 2014
LAGOS, 2ND APRIL 2014: Release today, the second annual joint study by the African Private Equity and Venture Capital Association (AVCA) and EY confirms private equity (PE) in Africa is becoming a more established asset class in the region’s investment la…
Read more »01 April 2014
LONDON, March 28th, 2014 – Helios Investment Partners is pleased to announce a $355 million first close of Helios Investors III, L.P. (“Fund III”) following the launch of fundraising in December. The Fund III target remains $1 billion; a subsequent close…
Read more »31 March 2014
Tunis - March 31st, 2014Swicorp, a leading investment banking and asset management firm focused on the MENA region, announced the successful listing of Sotipapier on the Tunis Stock Exchange. Swicorp acquired a strategic stake in Sotipapier in May 2012 th…
Read more »26 March 2014
PIC invests Euro 19 million (FCFA 14 billion) in the West Africa Emerging Markets Growth Fund (WAEMGF), the Phoenix Capital Management (PCM) sponsored PE fund.Johannesburg, South Africa, March, 2014 – South Africa’s Public Investment Corporation (PIC), th…
Read more »25 March 2014
NAIROBI, 25TH MARCH 2013FUSION BUYS STAKE IN REMU MICROFINANCE BANKFusion Capital has completed buying a 25% stake in REMU Microfinance Bank, in a move that will see the private equity firm inject working capital and divest its ‘debt only’ portfolio, to f…
Read more »24 March 2014
Anjarwalla & Khanna (A&K) has entered into a strategic relationship with ATZ Law Chambers (ATZ), a law firm in Tanzania. Shamiza Ratansi and Amish Shah (both formerly of Adept Chambers) set up the new firm in March, shortly after Dr. Fred Ringo of…
Read more »19 March 2014
Harare, 19 March 2014. PROPARCO announces the signing of a 5-year loan agreement of US$ 10m with Central African Building Society (CABS) to support its growth.The signing ceremony took place, today, in Harare at the Residence of the Ambassador of France t…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »13 February 2014
Agusto & Co has assigned a rating of “BBB(IM)” to MBO Capital Management Limited (”MBO Capital” or “The Manager”).Investment Managers rated “BBB (IM)” are considered to have ADEQUATE investment and risk management capabilities. The rating is supporte…
Read more »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…
Read more »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…
Read more »06 February 2014
PARTICIPATION IN NEW RIGHTS ISSUE TAKES TOTAL COMMITMENT TO US$33.4mCDC has announced a $18.4m commitment to a new rights issue in the Atlantic Coast Regional Fund (‘ACRF’), taking its overall commitment to the fund to $33.4m. The rights issue will provid…
Read more »30 January 2014
Lereko Metier Capital Growth Fund exits Surgical Innovations to Ascendis HealthLereko Metier partnered the founding entrepreneurs of medical device distributor Surgical Innovations in 2008. Newly Johannesburg Stock Exchange listed healthcare group, Ascen…
Read more »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…
Read more »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 &…
Read more »23 January 2014
CDC Group plc and IFC, a member of the World Bank Group, have announced an investment of US$32m in Garden City, a new mixed-use real estate development in Nairobi, Kenya. The project, led by Actis, has been awarded Vision 2030 Partner Status by the Govern…
Read more »23 January 2014
Kinshasa, Democratic Republic of Congo, 23 January 2014Today, XSML, the fund manager active in Central Africa, announced its investment in Inzia, a Kinshasa based restaurant providing traditional Congolese cuisine. Inzia was established in the 1970s and h…
Read more »23 January 2014
Pearl Capital Partners invests US$ 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…
Read more »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 …
Read more »09 January 2014
ECP exits SAH as absorbent hygiene products manufacturer starts trading after successful IPOLargest listing since creation of the Tunis Stock Exchange also marks the first exit of a financial investor through the TSEEmerging Capital Partners (ECP) today a…
Read more »
RT @CapriaVC: .@CapriaVC's 5th #investment cycle now open! We are looking to invest in 3-5 #impinv funds in emerging markets https://t.co/Z…
Thanks to everyone who attended #AVCAConnect:London tonight. We had a great time connecting the industry! @WhiteCase #AfricanPE
RT @MarkFlorman: All investors please come #privateequity https://t.co/9snLC7qIps
RT @yossiepaul: The #AVCATeam is live at @NobuBerkeleyST for #AVCAConnect:London edition. Don’t miss the greatest party in London tonight.…
We look forward to welcoming you to #AVCAConnect:London later today! PS: Guests can still attend and register at t… https://t.co/EG30897Hbz
