20 February 2020
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 InteliChem, a leading provider of crop protection solutions, specialised plant nutrition…
Read more »17 February 2020
FMO recently invested US$ 2.8mn into Acumen’s Pioneer Energy Investment Initiative (PEII), surpassing the PEII’s goal of raising US$20mn to bridge the funding gap in off-grid energy and accelerate energy access across the developing world. With the PEII,…
Read more »17 February 2020
IFC, a member of the World Bank Group, is the lead arranger for an Islamic financing package of up to US$125 million to Humania, a private healthcare company, to help expand health services and improve medical care in Morocco and Egypt.IFC will provide Hu…
Read more »11 February 2020
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), is lending EUR28 million to a EUR330 million expansion of the Azito Energie gas-fired power station in Côte D’Ivoire. Known as Azito 4, the ad…
Read more »06 February 2020
Encouraging further development of the African tech scene, the online software outsourcing Marketplace company Gebeya have secured a $2 Million dollar seed round investment co-led by Partech and Orange Digital Ventures and followed by Consonance Investmen…
Read more »05 February 2020
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments, has revealed that two-thirds of its AIIF3 fund is already committed to a div…
Read more »24 January 2020
IFC, a member of the World Bank Group, is providing US$24mn in financing, including a US$12mn C loan for IFC’s own account and a mobilization of a US$12mn B loan through IFC’s syndication program, to Zalar Agri, one of Morocco’s leading fruit producers, a…
Read more »23 January 2020
IFC, a member of the World Bank Group, today announced an investment of up to EUR050mn in Habesha Breweries S.C. to help the company expand operations in Ethiopia and increase local barley sourcing from smallholder farmers.The loan is co-funded by the Dut…
Read more »20 January 2020
The Sovereign Fund of Egypt (TSFE) and Actis, a UK based leading emerging markets investor, have signed an MOU relating to strategic cooperation across multiple sectors in Egypt. The signing took place during the UK-Africa Investment Summit witnessed by D…
Read more »20 January 2020
CDC Group, the UK’s publicly owned impact investor, has announced the commitment of US$39.2 million to support SMEs in West Africa. CDC is backing Verod Fund III and Adiwale Fund I, West-African based private equity funds targeting SMEs in the region, wit…
Read more »20 January 2020
CDC Group, the UK’s development finance institution and impact investor, has committed US$15mn to TLcom’s TIDE Africa Fund to support early-stage high-growth start-ups across sub-Saharan Africa (SSA). With a presence in the key financial hubs of Lagos an…
Read more »20 January 2020
CDC Group, the UK’s development finance institution and impact investor, has made a US$20mn commitment to the Metier Sustainable Capital II fund. The South African private equity fund will provide growth capital to renewables and resource efficiency proj…
Read more »20 January 2020
CDC Group plc (“CDC”), the UK’s development finance institution and impact investor, has announced a EUR25mn commitment to Mediterrania Capital Partners III (MCP III), a generalist fund primarily targeting investments in North Africa. North Africa is hom…
Read more »20 January 2020
At the UK-Africa Investment Summit, FSD Africa Investments has today announced US$3.2 million in investments into MFS Africa and Frontclear, two leading companies transforming Africa’s financial sector. MFS Africa, a leading pan-African fintech company o…
Read more »20 January 2020
Acorn Holdings Ltd., the largest Purpose-Built Student Accommodation property developer in Kenya, has dual-listed its KES 4.3 billion green bond program on the International Securities Market of the London Stock Exchange. The medium-term note (MTN) progra…
Read more »17 January 2020
VerifyMe Nigeria, an ID verification and KYC technology company, announced today it has secured a Series A financing for an undisclosed amount from Consonance Investment Managers. The funds will be used to expand strategic partnerships and bring new digi…
Read more »17 January 2020
With the support of the European Union (EU), PROPARCO invests US$3mn equity in RENSOURCE (Holdings), a key player in the renewable energy sector in Nigeria. This is the first investment made by Proparco in partnership with the EU under the Africa Renewa…
Read more »16 January 2020
African Infrastructure Investment Managers (AIIM) has acquired minority interests in gas assets in Nigeria majority-owned by Savannah Petroleum Plc. This comprises a 20% stake in Seven Uquo Gas Limited, the entity that holds a 40% participating interest …
Read more »15 January 2020
Through a US$10mn commitment to Metier Sustainable Capital International Fund II, Proparco will continue its support of renewable energy, resource efficiency and energy efficiency projects in Africa. South Africa-based investment manager Meti…
Read more »14 January 2020
IFC, a member of the World Bank Group, is signing memoranda of understanding (MoUs) with two Tunisian start-up accelerators today to help unlock the potential of innovative entrepreneurship in the country, with a focus on women-led start-ups and creating …
Read more »14 January 2020
AfricInvest, a leading Pan-African private equity platform, is pleased to announce its new partnership with Masria Digital Payment (“MDP” or “the Company”) through its Maghreb Private Equity Fund IV. Established in 2003 as Masria Card S.A.E, MDP is the l…
Read more »13 January 2020
Helios Investment Partners becomes the largest emerging markets-focused PE firm globally to receive B Corp certification B Corp status recognizes the firm’s long-standing commitment to sustainability and responsible business practices The B Corp cer…
Read more »07 January 2020
The Board of Directors of the African Development Bank has approved a US$20mn investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Af…
Read more »06 January 2020
AfricInvest, a leading pan-African private equity platform, is pleased to announce that its Maghreb Private Equity Fund III (MPEF III) has exited from its investment in Polymedic, a leading generics manufacturing company headquartered in Casablanca, Moroc…
Read more »20 December 2019
FMO has approved a US$15mn equity investment into the Metier Sustainable Capital Fund II. To find out more, please click here.
Read more »20 December 2019
FMO has approved a US$5.8mn equity investment into Greenlight Planet's Building Prospects fund. To find out more, please click here. -END-
Read more »19 December 2019
CDC Group, the UK’s development finance institution, has today announced its decision to sell its remaining 9.97% stake in DFCU Limited (“DFCU”). The shareholding is being sold to IFU, the Danish development finance institution. CDC made its first inves…
Read more »19 December 2019
DOB Equity wins the award for impact investment firm 2019 Leadership change as CEO Brigit van Dijk – van de Reijt will hand over her responsibilities to her colleagues Saskia van der Mast, Hayo Afman and Toine Huijbers per January 1st, 2020 DOB Eq…
Read more »18 December 2019
Access Bank loan supports creation of new jobs with strong emphasize on environmental and social safeguards Dutch entrepreneurial development bank FMO is pleased to announce the signing of a USD 10mln senior unsecured loan with Access Bank in the Democra…
Read more »18 December 2019
Verod Capital Management (Verod) is pleased to announce the final close of Verod Capital Growth Fund III LP (Verod Fund III), exceeding the initial target, as well as the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II). Verod…
Read more »16 December 2019
Metier has received US$113mn in commitments and has called the first close of its second Sustainable Capital Fund, MSC II. The fund will strengthen renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. “MSC II…
Read more »12 December 2019
AFEX Commodities Exchange Limited (AFEX), a market-leading commodities exchange in Nigeria, today announced it has secured an investment for an undisclosed amount from Consonance Investment Managers, a Sub-Saharan Africa focused early-stage and growth inv…
Read more »12 December 2019
Andersen Global entered into a Collaboration Agreement with Lagos-based law firm, The New Practice (TNP), increasing the global organization's footprint in Africa and strengthening its presence in Nigeria. Founded in 2007, TNP's practice includes Office …
Read more »11 December 2019
Norfund has closed an investment agreement with the mini-grid company We Light. The aim is to build mini-grids in hundreds of villages in Madagascar, and thereby improve the rural populations access to cheaper and more reliable electricity - at work and…
Read more »10 December 2019
Social impact investor Oikocredit has supported Yalelo since 2014 as it became Africa’s largest sustainable aquaculture company. Dutch headquartered social impact investor Oikocredit has exited its investment in Zambian fish farm, Yalelo Limited. Oikoc…
Read more »10 December 2019
Last time we shared a public update in January 2019, Partech Africa had just reached a final closing at €125M ($143M), opened Nairobi offices and closed 3 deals in 2018. A year later here is where we stand: ● 8 new transactions including 6 new compani…
Read more »06 December 2019
Natural Extract Industries provides additional income to 5000+ smallholder farmers while encouraging forest growth from planting vanilla Growth in consumers with a conscious fuels push for high-quality natural products, farm-to-fork traceability and …
Read more »04 December 2019
Sweden's development financial institution Swedfund has invested US$15 mn in the African Development Partners III fund. With this investment, Swedfund sees an opportunity to continue to contribute to the sustainable development and growth of more companie…
Read more »04 December 2019
Africa Finance Corporation (“AFC” or “the Corporation”) is pleased to announce the accession of the State of Eritrea (“Eritrea”) as its 24th member state. This decision was ratified by His Excellency, Isaias Afwerki, President of Eritrea, on 6 November 20…
Read more »28 November 2019
Capria understands the problems faced by fund managers in emerging markets and works in deep partnership to solve roadblocks like fundraising and finding & developing a successful deal pipeline for investments. Capria is a global impact investing fir…
Read more »27 November 2019
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is supporting African small and medium-sized enterprises and start-ups to gain access to long-term financing more easily. It has committed EUR30mn to the AfricaGrow fund of funds, managed by Al…
Read more »27 November 2019
Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces its investment in Akdital Holding, which operates five clinics in Greater Casablanca, with the o…
Read more »23 November 2019
IFC, a member of the World Bank Group, and IFHA-II Coöperatief U.A., a private equity fund focused on health care in Sub-Saharan Africa, today launched a $115 million holding company to acquire and integrate targeted health care service businesses in East…
Read more »22 November 2019
Cepheus Growth Capital Partners (“Cepheus Capital”) is pleased to announce an investment into Tabor Ceramics Products Share Company (“Tabor Ceramics”), Ethiopia’s leading domestic producer of ceramic products. With this investment, Cepheus Capital will ho…
Read more »21 November 2019
The Pan-African investment fund Emerging Capital Partners (ECP) announces the signing of an agreement to partially sell its shares in Oragroup to the Social Welfare Institute – General State Pension Fund (IPS-CGRAE) of Ivory Coast, which would become, aft…
Read more »19 November 2019
We are excited to let you know that the plans for our firm’s listing in the first quarter of next year are well advanced, including the adoption of our new name. We have chosen a name with a strong connection to our heritage, that feels authentic to who …
Read more »12 November 2019
4 Years, 3 Continents, 2 Women, 1 Plan The first female-led African private equity fund took centre stage at the African Investment Forum, when the President of the African Development Bank (AfDB) Akinwumi Adesina said “Alitheia IDF last year here, co…
Read more »12 November 2019
Pan-African investor Emerging Capital Partners (ECP) announces a strategic partnership with three leading Development Finance Institutions (DFIs), Proparco (France), Finnfund (Finland), and IFU (Denmark), to support growth and development of higher educat…
Read more »12 November 2019
Interswitch, a leading technology-driven company focused on the digitization of payments in Nigeria and other countries in Africa, and Visa Inc., the world leader in digital payments, today announced a strategic partnership that will further advance the d…
Read more »11 November 2019
EUR40mn in guarantees for FMO’s innovative early-stage investment program Today, at the Africa Investment Forum in Johannesburg, FMO and the European Commission (EC) signed the guarantee agreement for the FMO Ventures Program. The EC has provided EUR40mn…
Read more »11 November 2019
SIFEM has approved a EUR7mn commitment into AfricInvest's joint fund, Cathay AfricInvest Innovation Fund I. To find out more, please read here.
Read more »11 November 2019
The 115MW Tobene Power plant in Senegal, which was part of the Melec Power Gen (“MPG”) portfolio, now forms part of Azura Power’s pan-African power generation platform. The new investment in Tobene also brings together Actis, Azura Power’s majority shareh…
Read more »07 November 2019
The Rise Fund is partnering with Pearl Dairy, a market-leading dairy processing company based in Uganda, to help expand and enhance its operations The Rise Fund, a global impact investment fund managed by TPG that is committed to achieving positive socia…
Read more »07 November 2019
FMO has approved a US$10mn loan to Centum Investment backed commercial bank, Sidian. For more information, please click here. -END-
Read more »04 November 2019
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 well-established abalone farming companies, HIK Abalone Farm …
Read more »04 November 2019
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 well-established abalone farming companies, HIK Abalone Farm …
Read more »02 November 2019
Interswitch Limited, a leading technology-driven company focused on the digitization of payments in Nigeria and other African countries, has announced the acquisition of eClat Healthcare Limited, a Nigeria-based health technology company that aims to imp…
Read more »31 October 2019
IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced a EUR20mn investment in Soufflet Malt Ethiopia to help the company build and operate a malting plant in Ethio…
Read more »28 October 2019
Moringa School is developing the next generation of tech leaders through market-driven education With a rising population, youth unemployment is one of the biggest challenges facing Kenya and Africa at large The investment in Moringa School will hel…
Read more »23 October 2019
Adiwale Partners, the private equity firm focusing on growth capital investments for SMEs in French-speaking West Africa, has announced the first closing of its first fund, Adiwale Fund I, LP at EUR50mn. The fund has attracted investors from Africa, Europ…
Read more »22 October 2019
Adenia Partners is pleased to announce that Stephane Bacquaert has joined the team as Managing Director and member of the Board. He will be primarily focused on leading Adenia private equity activities in West Africa. Stephane joins from Wendel where he …
Read more »22 October 2019
Adenia Partners is pleased to announce today that Stephane Bacquaert has joined the team as Managing Director and member of the Board. He will be primarily focused on leading Adenia private equity activities in West Africa. Stephane joins from Wendel whe…
Read more »18 October 2019
The African Development Bank on Thursday signed off on its EUR12.5mn equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in francophone West Africa. The Ban…
Read more »18 October 2019
FMO has approved a EUR4.40mn investment into AfricInvest and Cathay's joint innovation fund. To find out more, please click here.
Read more »16 October 2019
EIB has approved a US$25mn equity commitment into Blue Orchard Resilience Fund. To read more, please click here. -END-
Read more »15 October 2019
Aruwa Capital Management (“Aruwa”), the female-founded and led private equity firm focussed on Nigeria and Ghana, announces the launch of a US$20mn co-investment vehicle (the “Vehicle”). Aruwa‘s mission is to provide patient growth capital to established …
Read more »15 October 2019
RECOMMENDED CASH ACQUISITION of Eland Oil & Gas PLC ("Eland") by Seplat Petroleum Development Company Plc ("Seplat") to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary and Highlights ● …
Read more »15 October 2019
The European Investment Bank has approved a US$50mn equity investment into DPI's African Development Partners III fund. To find out more, please click here.
Read more »15 October 2019
Helios Towers plc, a leading Sub-Saharan independent tower Company, was today welcomed to the London Stock Exchange on its successful admission to the premium listing segment of the Official List. Formed in 2009 with a vision of becoming a major infrastr…
Read more »14 October 2019
Aruwa Capital Management has a focus on gender lens investing Aruwa Capital Management (“Aruwa”), a West Africa focused Private Equity co-investment vehicle, has completed its first investment, in Wemy Industries Limited (the “Company”), Nigeria’s first …
Read more »11 October 2019
African Capital Alliance (“ACA”) today announced the sale of Cornerstone Tower, an A-grade office building in Lagos, to Everty, a strategic investor that focuses on acquisition and development of prime real estate around the world. ACA’s pioneer Real Esta…
Read more »11 October 2019
The US$10mn loan allocated to the pharmaceutical company Africure Pharmaceuticals demonstrates Proparco’s commitment to improving access to essential goods and services in emerging and developing countries. PROPARCO is combining this loan with a technic…
Read more »09 October 2019
Verod Capital Management Limited (Verod) is pleased to announce, via its sophomore fund, Verod Capital Growth Fund II LP (Fund II), that it has completed an agreement and received regulatory approvals to fully exit its ownership of UTL Trust Management Se…
Read more »07 October 2019
IFC, a member of the World Bank Group, is investing US$10mn in CardinalStone Capital Advisers Growth Fund (CCAGF), a private equity fund launched and managed by CardinalStone Capital Advisers (CCA)- an investment management firm, to expand access to finan…
Read more »04 October 2019
PIDG company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) announced on 4th October that it has completed its first project in affordable housing in Africa. It is also its first transaction denominated in local currency, the Kenyan Shilling (KE…
Read more »03 October 2019
Centum Investment Company PLC (“Centum”) announces that it has completed the sale of its 53.9% shareholding in Almasi Beverages Limited (“ABL”) and 27.6% shareholding in Nairobi Bottlers Limited (“NBL”) to Coca-Cola Sabco East Africa Limited (“CCSEA”), a …
Read more »01 October 2019
Solidaridad has facilitated US$3.15mn of financing for Ugandan tea processor Kayonza Tea Factory in the form of a long-term loan from social impact investor Oikocredit. The investment will allow Kayonza to build a second factory to process the soaring te…
Read more »01 October 2019
Boru Energy will target acquisitions of up to US$1bn, focussing on oil and gas opportunities across Sub-Saharan Africa Global investment firm, The Carlyle Group (NASDAQ:CG), announced today that it has agreed to partner with Aidan Heavey and Tom Hickey, …
Read more »30 September 2019
Amethis is pleased to announce the sale of its minority stake in Compagnie de Distribution de Côte d'Ivoire (CDCI) to Groupe Retail Holding, a Moroccan group that holds several modern distribution franchises in Morocco. Acquired in 2002 by the Ivorian-Le…
Read more »27 September 2019
Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces that it has completed a majority investment in Quick Mart Limited on 19 September 2019. The transaction has been structured through Adenia Capital (IV), a EURO230mn fund. …
Read more »17 September 2019
Verod Capital Management (Verod), a leading West African private equity firm, has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance Nigeria Limited (Metropolitan Life Nigeria, or, the Company), fr…
Read more »16 September 2019
FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC. Launched …
Read more »16 September 2019
The Netherlands Development Finance Company (FMO) has approved a US$8mn loan to Ghanaian chocolate producer, Niche Confectionary to expand its operations. To find out more, please click here.
Read more »10 September 2019
The European Investment Bank has approved its investment into Metier Private Equity’s second sustainability fund, Metier Sustainable Capital Fund II for an undisclosed amount. To find out more, please click here.
Read more »04 September 2019
Amethis, an investment fund manager dedicated to the African continent, acquires a stake in VLH, the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius. Amethis' investment will be mainly devoted to the projects o…
Read more »03 September 2019
Pearl Capital Partners (PCP), though the Yield Uganda Investment Fund is proud to announce its fifth investment in Uganda by making a commitment to invest UGX 3.9bn to Raintree Farms Limited, a pioneer agri-ceutical enterprise specialising in the producti…
Read more »02 September 2019
Leading African law firm Bowmans has announced that it is expanding into Mauritius and Ethiopia, enabling it to unlock more opportunities for its clients and contacts on the African continent. Robert Legh, chairman and senior partner, says ‘This move, wh…
Read more »29 August 2019
Nairobi, Kenya – Credit Bank PLC has signed a KES 1bn equity investment with social impact investor Oikocredit today. The investment, which is subject to regulatory approvals, will see Oikocredit take a minority stake in Credit Bank Credit Bank int…
Read more »28 August 2019
A clean fund for the future The SOLA Group has secured R400mn in order to build commercial and industrial solar PV facilities across Southern Africa. The renewable energy fund, Orionis, will enable 40 MW of solar PV projects to be built without capital e…
Read more »28 August 2019
INCREASING UNIVERSITY EDUCATION IN AFRICA In Africa, less than 10 per cent of young people get a university degree. This is the lowest global average and a big constraint for young Africans to improve their livelihood and for African countries to develop…
Read more »15 August 2019
The Norwegian Investment Fund for Developing Countries (Norfund) has made an investment in the Nigerian company Sundry Foods Limited. Sundry Foods is an integrated food services company operating in the Quick Service Restaurant (QSR), Bakery and Catering …
Read more »14 August 2019
Investec Asset Management's Emerging Africa Infrastructure Fund (EAIF) has announced two renewable energy projects that will produce a total of 54MW of clean power have celebrated important milestones. Mozambique’s president declares Mocuba solar plant…
Read more »14 August 2019
Actis, a leading growth markets investor, today announced that it has completed fundraising for its first Actis Long Life Infrastructure Fund (“ALLIF”). The ALLIF fund was raised by Actis’ in-house teams and represents over US$1.23bn of fund commitments p…
Read more »14 August 2019
West Africa’s largest clothing manufacturer, DTRT Apparel Ltd (DTRT), today announced a major investment from leading investment firm Verod Capital Management and Red Bull GmbH, in a transformative deal for the West African apparel industry. DTRT supplie…
Read more »13 August 2019
Charles Russell Speechlys has advised Growthpoint Investec African Properties Limited (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, on its first two acquisitions, in Ghana and Zambia. …
Read more »08 August 2019
Helios Investment Partners (“Helios”) announces its partial exit from Fawry for Banking and Payment Technology Service (“Fawry”), the leading electronic payments platform in Egypt. This partial exit was achieved through a heavily oversubscribed initial pu…
Read more »01 August 2019
Actis has acquired BioTherm Energy (BioTherm) – a South Africa-based, pan-African renewable energy businesses – from Denham Capital, a global private equity firm. BioTherm consists of a strong Johannesburg-based team and a portfolio of assets in operatio…
Read more »30 July 2019
Verod Capital Management (Verod) is pleased to announce an interim close of Verod Capital Growth Fund III LP (Verod Fund III) at US$150mn, exceeding the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II). Verod Fund III is supp…
Read more »25 July 2019
AIIF3 targets significant influence investments across the power, transport and midstream energy sectors in Sub-Saharan Africa - areas with the biggest disconnect between demand for critical infrastructure and supply of available capital. The Fund focu…
Read more »24 July 2019
Investment into Cropnuts – a leading Kenyan soil & crops testing and agri services company for East Africa Cropnuts will reach over 500,000 farmers by 2023, increasing crop yields and food security across Africa DOB Equity, a leading Dutch famil…
Read more »24 July 2019
Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, announces the acquisition through its third fund, MC III, of a stake in Aziza, a private Tunisian company operating in …
Read more »24 July 2019
The 10th Global Recruiter Awards took place at Café de Paris, London, with Executives in Africa lifting the award for “Best UK Overseas Operation”. The Awards have an unprecedented reputation within the Industry for recognizing the best of the best,…
Read more »17 July 2019
Transaction pioneers the use of project finance for rural mini-grids in Africa and provides long-term funding for 60 mini-grids bringing power to over 34,000 people Such innovative project finance solutions will be key to unlocking the US$11bn+ needed…
Read more »17 July 2019
AHL Venture Partners, a leading impact investment firm in East Africa, has today announced, acting as lead investor, an equity investment in a Kenyan company, Crop Nutrition Laboratory Services Limited (“Cropnuts”). The investment is a co-investment with …
Read more »16 July 2019
Having sustained an impressive compound annual growth rate (CAGR) of 7% over the past decade, Tanzania now boasts the third-largest economy in East Africa, following Ethiopia and Kenya respectively. According to Avril Stassen, a Senior Partner at EXEO Cap…
Read more »15 July 2019
Investec Asset Management (‘IAM’) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt (‘Spinneys’), a rapidly growing supermarket chain in Egypt. This marks the eighth investment from IAM’s second pan-African…
Read more »15 July 2019
Actis has assumed management rights on Abraaj Private Equity Fund IV (APEF IV), a global buyout fund, and Abraaj Africa Fund III (AAF III), a fund for investment in sub-Saharan Africa The transaction includes 14 portfolio companies and strengthens Acti…
Read more »27 June 2019
Pan - African private equity manager, EXEO Capital, has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at US$146mn – showing growth of nearly 50% on the size of the first fund. Herman Marais, the Managing Partner …
Read more »27 June 2019
The Yield Uganda Investment Fund is proud to announce its fifth investment in Uganda by making a commitment to invest UGX 3.9Bn to Raintree Farms Limited, a pioneer agri-ceutical enterprise specialising in the production and processing of organic moringa.…
Read more »25 June 2019
Amethis announces the sale of its participation in the Dislog Group. The transaction allows Mouncef Belkhayat founder and majority shareholder to regain a controlling equity stake in the company in provision of a new investment cycle. Founded in 2004 by …
Read more »25 June 2019
Debevoise & Plimpton LLP has advised TPG in its definitive agreement to take over management of the existing assets of the Abraaj Group’s US$1bn Global Healthcare Fund. The fund will be named the Evercare Health Fund and will be managed by TPG Growth,…
Read more »21 June 2019
Coöperatief Climate Fund Managers U.A. (CFM) is proud to announce the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund U.A. at a combined US$ 850 mn. Climate Investor One, with an emerging markets …
Read more »21 June 2019
Healthtech company MDaaS Global, which is building a network of tech-enabled diagnostic facilities in Nigeria, has closed on seed funding totaling US$1mn. Led by Consonance Investment Managers, with participation from TechStars, FINCA Ventures, an investm…
Read more »20 June 2019
The uMunthu fund managed by Goodwell Investments, via its West Africa partner Alitheia Capital, has acquired a share in MAX.ng, the pioneer app-based motorcycle hailing in West Africa. MAX.ng has raised about $7.5 million from a group of investors includi…
Read more »20 June 2019
TPG has closed on a previously announced transaction to take over management of the existing assets of the Growth Markets Health Fund. The fund will be named The Evercare Health Fund and will be managed by TPG Growth, the middle market and growth equity i…
Read more »17 June 2019
Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce the final close of its second Pan-African fund, Amethis Fund II, which collected EUR 375mn from more than 70 investors in Europe and Afri…
Read more »14 June 2019
Emerging Capital Partners (ECP) announces an investment to acquire a substantial stake in Mauritius-based Inter Africa Transport Forex (IATF). IATF operates a financial technology platform that enables its customers –transport companies, especially cross-…
Read more »12 June 2019
Old Mutual Private Equity (OMPE), the direct private equity investing arm of Old Mutual Alternative Investments, today announced the acquisition of a majority interest in Footgear, a leading South African retailer of branded footwear. The transaction was…
Read more »11 June 2019
Having been set up with financing from the European Union (EU) through the International Fund for Agricultural Development (IFAD) and National Social Security Fund Uganda (NSSF) and managed by Pearl Capital Partners (PCP), the Yield Uganda Investment Fund…
Read more »10 June 2019
Sahel Capital, fund Managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”), today announces that definitive agreements have been executed for an investment in Ladgroup Limited (“Ladgroup”), an indigenous agricultural company that engages in t…
Read more »10 June 2019
Capitalised by CDC, Gridworks will aim to invest over US$300 million to improve the transmission and distribution infrastructure that delivers reliable and sustainable power CDC, the UK’s development financial institution, has today announced the laun…
Read more »03 June 2019
Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, and the Egyptian-American Enterprise Fund (“EAEF”) through their investment manager Lorax Capital Partners (“LCP”) have announced today the acquisition of 96.7% of …
Read more »31 May 2019
Inside Equity Fund has committed to invest an initial US$3.75mn in Technopet as part of the company’s US$10mn+ investment plan over the next 2-3 years to expand its PET preforms production capacity. Technopet is the only PET preform manufacturer in Madaga…
Read more »30 May 2019
Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the sale of its funds’ total holdings in Eaton Towers Holdings (“Eaton Towers”) to American Tower Corporation (NYSE: AMT) (“ATC”). Eaton Towers o…
Read more »24 May 2019
Axis and Innpact have launched the first impact investing platform in Mauritius, the Mauritius Impact Finance Gateway to Africa (MIFGA). This innovative structure enables fund promoters to set-up and manage impact finance vehicles in an efficient and cost…
Read more »24 May 2019
Investment in Zanrec Ltd – a leading privately owned waste management company focusing on the hospitality sector on Zanzibar DOB’s first investment in a sector which is in need of long-term capital and innovation along the value chain, with a focus on …
Read more »17 May 2019
Investment Will Help Support Zipline’s Lifesaving Service Across the Global South and Expand The Rise Fund’s Technology and Healthcare Portfolios The Rise Fund, a global impact investment fund managed by TPG Growth, today announced its investment in Zipl…
Read more »17 May 2019
Investment Will Help Support Zipline’s Lifesaving Service Across the Global South and Expand The Rise Fund’s Technology and Healthcare Portfolios The Rise Fund, a global impact investment fund managed by TPG Growth, today announced its investment in Zipl…
Read more »14 May 2019
Verod Capital Management Limited (Verod) is pleased to announce that it has completed a full exit of its ownership of Rotoprint Limited (Rotoprint), a flexible packaging company based in Nigeria. Rotoprint is a leading vertically integrated supplier of f…
Read more »10 May 2019
Investec Asset Management portfolio company wiGroup, a leader in mobile-transacting software, has completed a follow-on growth equity round. All of wiGroup’s institutional investors – Crossfin, Virgin Money, Smollan, and Investec Asset Management – have c…
Read more »10 May 2019
LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its US$600mn target to reach US$700mn. The new fund invests in healthcare and financial services companies – tapping into the demand f…
Read more »07 May 2019
Jibu Tanzania is part of the Jibu Global network, a social venture founded in 2012 and active in 5 African countries DOB Equity’s investment in Jibu Tanzania aims for the rapid expansion of a replicable distribution model in major cities across T…
Read more »03 May 2019
InstaDeep, an Enterprise AI startup, announced it has raised $7 million in Series A funding. The leading pan-African private equity firm, AfricInvest, led the investment, with participation from Endeavor Catalyst, a New York-based co-investment fund under…
Read more »03 May 2019
Inside Capital Partners is pleased to announce the third investment of its first fund, Inside Equity Fund, into NSI -Reneworld ("Reneworld"), to finance the expansion plan of a leading renewable energy company in Mauritius and across the Southeast Africa …
Read more »02 May 2019
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce the sale of a significant stake in Cash Plus, the largest independent money transfer company in M…
Read more »02 May 2019
Growth capital for BRAC Uganda Bank Ltd. In Uganda, only about one third of the population has a bank account. Microfinance institutions can only close the gap to some extent. One of them, BRAC Uganda Microfinance Ltd., which focuses on providing finance…
Read more »26 April 2019
Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million. This is in line with a first announcement disclosed in July 2018…
Read more »26 April 2019
Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, the leading dairy producer and distributor in Madagascar. Adenia Partners, through Adenia Capital (II) and Adenia C…
Read more »26 April 2019
AfricInvest, a leading pan-African private equity firm, today announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…
Read more »23 April 2019
DLA Piper has advised Phatisa, a leading African development and private equity fund manager, and other minority shareholders, on the sale of a controlling shareholding in Meridian Group (Meridian) to Ma’aden, the Saudi Arabian based mining and metals com…
Read more »22 April 2019
CDG Capital Private Equity, the leading growth equity investor in Morocco invested in Group Oncorad, a private healthcare provider focused on oncology and radiology. Oncorad was founded in 1999 by Pr. Redouane Samlali and Dr. Omar Hajji. Their first cent…
Read more »10 April 2019
AfricInvest, a leading private equity firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, created in affiliation with Cathay Capital Private Equity, are pleased to announce today their association…
Read more »09 April 2019
New name and mandate for the Infrastructure Development Fund (IDF) The Dutch Ministry of Foreign Affairs renewed the mandate of FMO’s Infrastructure Development Fund (IDF) and topped the fund with EUR 100 mn. A new strategy has been formulated as part o…
Read more »04 April 2019
Kudi, the Nigerian leader of digital payment and collection for the cash economy, raises a Series A led by Partech and joined by Michael Seibel (YC CEO). Existing investors Khosla Ventures and YC also participated. Kudi will leverage its Series A to grow …
Read more »04 April 2019
Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, today announced that it has divested its residual 25% interest in Axxela Limited (held through Glove…
Read more »03 April 2019
Leading pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, today announces completion and receipt of an investment of US$180mn investment from CDC Group plc, the UK’s development finance institution. The investment will enable Liqu…
Read more »01 April 2019
The European Investment Bank (EIB) has signed a commitment of US$15mn with the SPE Africa Industrialization I Fund (AIF I), a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies mainly in North Af…
Read more »01 April 2019
IFC, a member of the World Bank Group, is providing up to US$100mn in financing to the Middle East Glass Manufacturing Company (MEG), Egypt’s leading maker of glass containers. The partnership is designed to support the firm’s capital expenditure program,…
Read more »27 March 2019
Britam Holdings PLC has approved an anchor investment in Tiserin Capital, Africa’s first south-south private equity fund. As a result, Britam will become an anchor shareholder in Tiserin Capital Private Equity Fund. This investment by Britam will play a …
Read more »22 March 2019
Kibo Capital Partners (KCP) today announced an investment in Saviu Ventures Ltd, an investment company whose objective is to partner with promising technology companies in East and West Africa, driving growth through financial, managerial and strategic su…
Read more »21 March 2019
Anglophone West Africa focussed private equity firm, Verod Capital Management (Verod), announced that it has invested in Daystar Power Group (Daystar), a leader in developing, owning and financing Commercial and Industrial sector hybrid solar generation p…
Read more »18 March 2019
EIB has approved the commitment of EUR12.5mn into Janngo Capital Startup Fund. To read more, please click here. -END-
Read more »01 March 2019
Àrgentil Asset Management Limited has completed a follow-on investment in its portfolio company, Chocolate City Lounge (“CCX”) a Nigerian based restaurant and lounge to support the CCX brand expansion into the Lagos market. Àrgentil’s financing will supp…
Read more »25 February 2019
Tema Hospital Receives Investment for Growth Oasis Capital Ghana, managers of the Oasis Africa VC Fund (OAF), are pleased to announce their investment in Sinel Specialist Hospital (“Sinel”). Sinel is a Tema-based specialist hospital in Ghana that provide…
Read more »15 February 2019
CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in SCE Chemicals, a leading company manufacturing specialty chemicals, fertilizers and other chemical inputs for industrial clie…
Read more »15 February 2019
Lusaka, Zambia: Inside Capital Partners through its first fund, Inside Equity Fund specialised in financing regional expansion plans of SMEs in Southeast Africa, recently signed off a deal with the Latitude Hotels Group to finance its expansion. Inside wi…
Read more »06 February 2019
Cape Town and Nairobi: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), today announces the appoi…
Read more »05 February 2019
Johannesburg/London - Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the latest investment of its African Development Partners II fund (“ADP II”) into International Facilities Services (“IFS”)…
Read more »04 February 2019
Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce an intermediary closing of its second Pan-African fund, Amethis Fund II, which collected EUR 305mn from a broad range of investors in Eur…
Read more »31 January 2019
Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and establishes East Africa presence. The Partech Africa Fund achieves a final closing at €125M, more than double the size of its first closing a year …
Read more »28 January 2019
CDC, the UK’s development financial institution, has today announced the appointment of Stephen Priestley as its new Managing Director, Funds and Capital Partnerships. Stephen starts his new role on 28 January and will report directly to Chief Executive N…
Read more »25 January 2019
Port Louis, Mauritius: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces that on 5 December 2018, it completed an investment in Tumaini Self Service Limited through a special purpose vehicle, Sokoni Retail Kenya Limited. Th…
Read more »25 January 2019
CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in Laboratoires Steripharma (“Steripharma” or “the Company”), a well-established pharmaceutical business in Morocco. CDG Capital…
Read more »23 January 2019
Groundbreaking facility unlocking private capital for mini-grids in Africa, providing gridquality power to rural households and businesses First close on initial US$16m facility to provide power to 170,000 people Project finance solution key to unlo…
Read more »22 January 2019
Partnership will bring exceptional female talent to boards and investment committees across the continent London and Accra: In a partnership to bring increased diversity to companies and organisations across Africa, CDC Group, the UK’s development financ…
Read more »16 January 2019
Lagos, Nigeria: CardinalStone Capital Advisers (CCA), an investment adviser based in Lagos, Nigeria, has recently achieved a US$50mn first close of its private equity fund, CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund). Anchor investor…
Read more »16 January 2019
The acquisition marks the infrastructure specialist’s expansion into the African off-grid solar market Cape Town and London: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private eq…
Read more »15 January 2019
AfricInvest, a leading pan-African private equity firm, today announced the third close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the gr…
Read more »15 January 2019
It is common knowledge that Small and Medium Enterprises (SMEs) play a vital role in the development of any economy. According to the World Bank, SMEs contribute up to 60% of employment opportunities and up to 40% to the national Gross Domestic Product (G…
Read more »10 January 2019
The Board of Directors of the African Development Bank Group has approved a USD 32.5 million equity investment in Climate Investor One’s (CIO) Construction Equity Fund (CEF), a platform that uses a unique blended finance approach, and targets the entire a…
Read more »08 January 2019
PCM Capital Partners (“PCP”), managers of the West Africa Emerging Growth Fund (“WAEMGF”) are pleased to announce the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire. This exit, the f…
Read more »02 January 2019
CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announces the acquisition of a stake in Trarem Afrique SA. (“Trarem”), the leading manufacturer and distributor of office furniture in Morocco. CDG Capi…
Read more »20 December 2018
Lagos, December 20th 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to invest US$40mn in Wakanow.com Limited (Wakanow), an online travel agency focused on West and East Africa, with principal oper…
Read more »20 December 2018
Emerging Capital Partners (ECP) announces an investment to acquire a substantial majority in Artcaffé Group (Artcaffé), a restaurant and coffeehouse chain that operates fast-casual and casual concepts in greater Nairobi, Kenya. Artcaffé’s most prominent c…
Read more »18 December 2018
The Hague, 18 December 2018 - Dutch development bank FMO has taken its first step into the financial sector of Africa’s second most populous country, with the extension of a 65% partial guarantee on a BIRR 108mn (US$ 4.0mn) loan by the Commercial Bank of …
Read more »18 December 2018
Kipeto project will be second largest wind power project in Kenya The project will supply 100MW of clean energy to the national grid as a significant contribution to Kenya’s Vision 2030 and Big Four Agenda With support from USAID Power Africa, the pro…
Read more »11 December 2018
FMO and Symbiotics, a leading investment firm specialized in emerging, sustainable and inclusive finance, today announced a US$32.5mn facility for ZOLA Electric (“ZOLA”), formerly Off Grid Electric to finance the growth of ZOLA’s Tanzania operations over …
Read more »11 December 2018
The Hague, December 11 2018 – Dutch Development Bank FMO has launched a global forestry investment programme, the most effective tool in the fight to mitigate the process of global climate change, with the initial extension of US$20mn in financing to pla…
Read more »10 December 2018
Investment into Kentaste – the leading coconut processing company in Kenya Substantial environmental and social impact through small-holder farmer support programs DOB Equity, a leading Dutch family-backed impact investor in East Africa, has invest…
Read more »05 December 2018
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the final close of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). The African Development Bank joined the third and final investment round, comm…
Read more »03 December 2018
Abidjan, Cote d’Ivoire - Amethis, Vantage Capital and West Africa Emerging markets Growth Fund (WAEMGF) are pleased to announce the sale of Amethis and WAEMGF participations in Petro Ivoire through a Leveraged Management Buy Out, one of the first of that …
Read more »28 November 2018
CDC Group plc, the UK’s development finance institution, has today announced a commitment of US$25 million to a local fund backing small and medium-sized businesses in Nigeria. In addition, CDC will open a regional office for West Africa in Lagos in early…
Read more »26 November 2018
AfricInvest—a leading pan-African mid-cap-focused private equity firm, and Gulf Capital—one of the largest and most active alternative asset management firms in the Middle East, have partnered for the first time to provide a US$51m structured loan and equ…
Read more »26 November 2018
AfricInvest, a leading Pan-African mid-cap-focused private equity firm, has invested in Les Centaures Routiers (“LCR”), the largest independent transportation company in Côte d’Ivoire. AfricInvest Fund III, the firm’s third generation Pan-African fund, w…
Read more »23 November 2018
Investment into Ten Senses Africa – a leading organic and fair-trade macadamia processing company in Kenya Strong social and environmental impact through extensive farmer support along value chain and zero-waste processing DOB Equity, a leading Dut…
Read more »15 November 2018
Vulcan Capital, Ford Foundation, and Omidyar Network invest in Capria’s new $100M “network fund” to gain exposure to resilient early-growth businesses in emerging markets; Capria makes first fund commitments to Adobe Capital and Fen Ventures as network-wi…
Read more »15 November 2018
The largest private equity fund for African investment since September 2016, ECP Africa Fund IV attracted a broad range of public and corporate investors based in Africa, Europe, and North America. Washington, DC, November 15, 2018 — ECP announces the fi…
Read more »14 November 2018
Nairobi, Kenya: East African focused fund manager, Catalyst Principal Partners, has announced the close of its second Fund, achieving US$155mn (KES15.5bn) of capital commitments from leading international and regional investors, as a successor to Catalyst…
Read more »14 November 2018
The African Development Bank’s efforts to channel critical investment funding to Africa’s entrepreneurs received a big boost on Wednesday, 18 October 2018 in Abidjan, where the Bank’s executive directors approved €7 million equity investment in Partech A…
Read more »13 November 2018
Social impact investor Oikocredit has taken a €2 million stake in Burkinabe cashew processor Anatrans Bobo Dioulasso, Burkina Faso: Burkinabe cashew processor Anatrans has welcomed social impact investor Oikocredit as a new shareholder, in a transaction …
Read more »02 November 2018
London/Singapore – October 30 2018: GTR Ventures, the world’s first investment and venture-building platform specialised in trade and supply chain, has announced an investment in Orbitt – a pan-African focused fintech deals platform. Orbitt connects inve…
Read more »01 November 2018
Chris Chijiutomi has been with CDC since 2017 as an Investment Director and replaces Sameh Shenouda who left CDC in September. He will lead the CDC team making equity investments in infrastructure in CDC’s target regions of Africa and South Asia. Before …
Read more »26 October 2018
Abidjan, Côte d'Ivoire: Injaro is pleased to announce an investment in Novafrique Industries SA, an Ivorian company specializing in the manufacturing of household solid soaps. Novafrique is a company which produces a variety of household soap bars using …
Read more »17 October 2018
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the second closing of its North African Fund, Maghreb Private Equity IV (“MPEF IV”). OeEB, the Development Bank of Austria and a prominent South African fund o…
Read more »09 October 2018
SPRINGFIELD, Massachusetts.--SystemOne, the leader in global disease intelligence for rapid detection and response to infectious diseases and response, today announced a $5 million Series A investment led by The Rise Fund, a global impact investment fund …
Read more »05 October 2018
Casablanca, September 2018: Amethis is pleased to announce the successful sale of its participation in Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) to Development Partners International (DPI). Created in 1995, CMGP is a pioneer and leader …
Read more »05 October 2018
Casablanca, Morocco: Helios Investment Partners ("Helios"), the leading Africa-focused private investment firm, has today announced a partnership with Mohamed Kabbadj, founder and CEO of KMR Holding Pédagogique (“KMR”), the leading private higher educatio…
Read more »04 October 2018
AfricInvest, a leading pan-African private equity firm, today announced the second close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE aims to improve access to financial services for the g…
Read more »26 September 2018
Latest investment follows on from LeapFrog’s recent investments in Ascent Meditech, a leading Indian medical products company, and Goodlife Pharmacy, now the largest pharmacy brand in East Africa Pyramid Group is a market-leading distributor of special…
Read more »21 September 2018
Clichy, September 2018: L'Oréal announces today an investment in the fund Partech Africa, an investment fund launched early 2018 within Partech, and dedicated to the development of "Tech" projects in Africa. This investment is an addition to L’Oréal’…
Read more »20 September 2018
AfricInvest is pleased to announce that AfricInvest Fund II (AF II) has exited from its investment in Kiboko Holdings Limited (KHL), a Mauritius-based company with diverse interests across the East African region in a variety of sectors including FMCG, ph…
Read more »20 September 2018
Development Partners International (‘DPI’), a leading Pan African private equity firm has made an investment through African Development Partners II (“ADP II”), in Moroccan irrigation systems and solutions business, Compagnie Marocaine de Goutte à goutte …
Read more »18 September 2018
18th September 2018 - Vivo Energy plc (“Vivo Energy”) announces that it has reached an agreement with Engen Holdings (Pty) Limited (“Engen” or “EHL”) to restructure the acquisition of Engen International Holdings (Mauritius) Limited (“EIHL”) by Vivo Energ…
Read more »17 September 2018
LONDON, UK, 17th September 2018 – Helios Investment Partners (“Helios”), the leading Africafocused private investment firm, has today announced the acquisition of a 76% stake in TPAY Mobile FZ-LLC ("TPAY" or the “Company”), a fast growing direct carrier b…
Read more »13 September 2018
Partnership will support expansion into new markets and broaden supplier relationships Johannesburg, South Africa, 13 September 2018 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announces that it has completed the acquisition o…
Read more »07 September 2018
The Board of Directors of the African Development Bank has approved a US$ 15 million equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in Anglophone West Africa inc…
Read more »06 September 2018
FMO will co-invest USD 1.7 Million alongside Accion Frontier Inclusion Fund, managed by Quona Capital, in South African-based Point of Sale payments Provider Yoco in a joint funding round totaling USD 16 Million. It marks the first direct equity investmen…
Read more »04 September 2018
London, United Kingdom: CDC, the UK’s development finance institution, has announced the appointment of Yasemin Saltuk Lamy as its Deputy Chief Investment Officer (CIO) for higher risk strategies. Yasemin will be responsible for the investment processes,…
Read more »20 August 2018
Cape Town, South Africa - African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), has acquired through i…
Read more »31 July 2018
Seattle, Washington — International Finance Corporation (IFC), the for-profit investment arm of the World Bank, has published its intent to invest up to US$13mn in Capria Fund, a new US$100mn “network fund” that actively invests in and partners with next …
Read more »27 July 2018
Kibo Capital Partners Limited, through a consortium comprising Amethis and Proparco, today announced its partnership with Merec Industries, one of Mozambique’s leading food manufacturer. The closing marks the acquisition of an equity stake by the consorti…
Read more »24 July 2018
Amethis, acquired a minority stake in the Merec Industries, leader in the production and distribution of wheat and maize based products in Mozambique. Amethis Fund II, alongside its partners Kibo Fund II and Proparco are pleased to announce their partner…
Read more »15 July 2018
Lagos, Nigeria: Daraju Industries Limited (Daraju) is a manufacturing company that produces local household and personal care products. Daraju fully commenced its Nigerian operations in 2008, with a vision to become a leading local household and personal …
Read more »12 July 2018
San Francisco and Gaborone - The Rise Fund, a global investment fund committed to achieving measurable social and environmental outcomes alongside competitive financial returns, today announced its second investment in Africa in Botswana-born Wilderness H…
Read more »12 July 2018
US$50mn from CDC and US$16mn from Globeleq will bring clean power and jobs to Malindi region. Alongside its partner, Globeleq, CDC Group (CDC) has announced a US$66mn debt investment in Malindi Solar Group, to build a 52 MWp solar photovoltaic power plan…
Read more »03 July 2018
Cape Town and London, 03 July 2018: African Infrastructure Investment Managers (AIIM), Africa’s largest and most experienced infrastructure-focused private equity fund manager and a member of Old Mutual Alternative Investments, today announces its acquis…
Read more »23 June 2018
Nairobi, Lagos, London - TLcom Capital (TLcom), the VC fund started in London two decades ago with over US$300mn under management and tech investments spanning Europe, Israel and the US, today announced that commitments to the TIDE Africa Fund have hit US…
Read more »15 June 2018
• ARM Pensions is one of the largest pensions fund administrators in Nigeria, with about US$1.8bn in funds under management and reaching 700,000 people• The new investment continues LeapFrog’s success in the West African pensions market, having exited Gha…
Read more »14 June 2018
Ethos Mezzanine Partners III (EMP III or The Fund) is a sector-agnostic mezzanine debt fund aiming to provide growth capital to larger SMEs and mid-market companies in Eastern and Southern africa. The Fund targets sectors such as consumer goods, technolog…
Read more »13 June 2018
In an effort to boost agri-business and enhance food security in Africa, the African Development Bank Board has approved a US$15mn equity investment in Africa Food Security Fund (AFSF or "The Fund"), to support enterprises in agri-business SMEs and enhanc…
Read more »13 June 2018
Frontier Energy II (The Fund) is a renewable energy fund focused on developing, constructing and operating renewable energy generation projects, with a primary focus on hydroelectric, geothermal, wind, and solar opportunities in Kenya, Uganda, Rwanda, and…
Read more »01 June 2018
Àrgentil Capital Partners (“Àrgentil”) has acquired a 20% stake in Tempo Housing Nigeria Limited (“Tempo Housing” or “the Company”), a Nigeria based developer of innovative housing solutions. Tempo Housing specialises in developing flexible and affordable…
Read more »23 May 2018
On Monday 21st May at the Nairobi Stock Exchange (NSE), AfricInvest—a leading pan-African mid-cap focused private equity firm—celebrated the finalisation of its agreement to invest KES5.7bn (approximately US$55mn) in Britam Holdings Plc (“Britam”), one of…
Read more »21 May 2018
21 May 2018: Africa-focused private equity manager, EXEO Capital, has announced an investment of US$6.4mn into Capital Fisheries – a market-leading Zambian food distributor that specialises in the cold-chain distribution of animal proteins. Conclude…
Read more »14 May 2018
San Francisco, Nairobi & Lagos – May 14th, 2018– The Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, today announced that it has signed an agreement to acquire a stake in Cellulant, a leading digital payments pr…
Read more »14 May 2018
Accra, Ghana - May 14th 2018 - Oasis Capital Ghana, a West African private equity fund manager, announces the final closing of its second fund, the Oasis Africa VC Fund (“Fund II”), at US$50.5mn at 31st December 2017. The fund will invest in Small and Med…
Read more »09 May 2018
Growthpoint Properties and Investec Asset Management, in partnership with the International Finance Corporation (IFC), have announced the commencement of operations of their pan- African real estate investment business, Growthpoint Investec African …
Read more »09 May 2018
Vivo Energy (“Vivo”) is a leading retailer and marketer of Shell-branded fuels and lubricants in Africa. It was created in 2011 when Helios Investment Partners (“Helios”), in partnership with Vitol Group, purchased the downstream fuels business of Royal D…
Read more »04 May 2018
AfricInvest and Amethis, leading pan-African mid-cap-focused private equity firms, are pleased to announce the closing of a minority equity investment in CFG Bank (“CFG”), a pioneering investment bank which is now extending its activities to become a univ…
Read more »02 May 2018
Swedfund invests US$10mn to enable small and medium-sized enterprises, SMEs, in sub-Saharan Africa to access growth capital and thereby expand their operations. The investment is in TLG Credit Opportunities Fund (COF). ‘Swedfund’s mission is to reduce …
Read more »29 April 2018
The Yield Uganda Investment Fund, set up with financing from the European Union and National Social Security Fund Uganda (NSSF) and managed by Pearl Capital Partners (PCP), has made its maiden investment in Uganda, committing Ushs 1.6bn to Sesaco Ltd, a s…
Read more »26 April 2018
IFC, a member of the World Bank Group, today announced that it led the US$8.6mn Series A equity investment in Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API startup, to enable the startup to expand its footprint across …
Read more »26 April 2018
Nairobi-based mobile survey platform mSurvey has announced that it raised $3.5-million in Series A round led by venture capital firm TLcom Capital. mSurvey CEO Kenfield Griffith told Ventureburn the round was concluded in Q1 this year. Other investors w…
Read more »23 April 2018
Proparco has taken equity participation worth 5.9mn euros in Enda Tamweel, the pioneering microfinance institution in Tunisia. This participation is part of the microfinance institution's reserved capital increase amounting to a total amount of 72mn dinar…
Read more »19 April 2018
DOB Equity diversifies portfolio – now present in all five East African countries Sarura Commodities links quality grain farmers with local off-takers Provides training and expertise to increase both quality and volumes for the local market DOB Eq…
Read more »19 April 2018
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The EIB has finalised a US$20mn equity s…
Read more »17 April 2018
Agri-Vie and Norfund have announced a US$17mn co-investment into the Marginpar Flower Group Holdings. The Marginpar Group has expanded its business through the acquisition of Carzan Flowers in Kenya, Marginpar Ethiopia in Ethiopia and Marginpar BV in the …
Read more »13 April 2018
Sweden’s development finance institution Swedfund is investing SEK126mn in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. The investment will be used to develop, build and run power stations p…
Read more »12 April 2018
EAIF raises US$385mn in new debt financing to drive five-year business plan The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), today announced that it has successfully completed its latest fundraising round, raisi…
Read more »05 April 2018
Proparco today announced an equity investment of US$3mn in JUMO, an emerging market technology start-up that offers unbanked or under-banked people access to financial services via their mobile phones. JUMO provides an innovative platform and suite of p…
Read more »29 March 2018
Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a minority stake in Groupe COFINA, a leading meso-finance institution in West and Central A…
Read more »28 March 2018
CDC group, the UK’s development finance institution, has today announced a US$39mn loan investment in Tè Power Company S.A.S.U., to construct a 50MW thermal power plant in Conakry, the capital city of Guinea. The investment will provide much needed baselo…
Read more »27 March 2018
London, Lagos, and New York - Alta Semper partners with Nigeria’s leading retail pharmacy chain, HealthPlus: Founded in 1999 by Mrs. Bukky George, Health Plus Limited (“HealthPlus” or the “Company”) is made up of approximately 80 retail outlets, maki…
Read more »26 March 2018
Terragon, a leading mobile marketing company in Africa, said on Thursday it has closed a US$5mn funding round led by Africa-focused venture capital firm TLcom Capital, with participation from other investors. The company announced the funding will be u…
Read more »21 March 2018
GenAfrica Asset Managers Limited (“GenAfrica”, or the “Company”) and Centum Investment Company PLC (“Centum”) are pleased to announce a new partnership with Kuramo Capital Management, LLC (“Kuramo”), that will result in Kuramo acquiring a majority stake i…
Read more »21 March 2018
Centum Investment Company Plc (“Centum”) is pleased to announce the completion of sale of its 25% stake in Platcorp Holdings Limited (“Platcorp”) to Suzerain Investment Holdings Limited, a consortium of Platcorp’s management team (“Management”) and an exi…
Read more »20 March 2018
Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”), and Coscharis Group, a Nigerian Conglomerate with interests across several sectors of the Nigerian economy, are pleased to announce that definitive agreements have be…
Read more »14 March 2018
Inspired Evolution has signed a deal to invest up to US$36mn in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables. The investment by Inspired Evolution’s Evolution II Fund will scale Alten Africa’s e…
Read more »14 March 2018
Adenia Partners, a private equity firm investing in sub-Saharan Africa, has acquired a controlling stake in Kanu Equipment Limited (Kanu), a pan-African distributor of capital equipment. The transaction provides growth capital to the Company and was struc…
Read more »08 March 2018
Wendel announces today the disposal of its stake in Saham Group’s holding for US$155mn (c. EUR125mn). The transaction is concomitant with an agreement signed on March 7th, 2018 whereby Saham Group sells its insurance division (Saham Finances) to Sanlam, a…
Read more »27 February 2018
LeapFrog Investments, the dedicated equity investor in financial services and healthcare for emerging consumers, has successfully exited its holding in Petra Trust, the largest independent pensions trustee in Ghana, to Capital Alliance Private Equity IV L…
Read more »26 February 2018
CDC Group plc, the UK’s development finance institution, has appointed Tenbite Ermias as its new Head of Africa and Chris Coles as its new Chief Investment Officer. Tenbite Ermias, Head of Africa Tenbite joins on 26 February 2018 and will be responsible…
Read more »20 February 2018
Investec Asset Management (Investec), through its Africa Private Equity capability, recently concluded a further equity investment in Mobisol, following the initial investment made in 2016 and a follow-on investment made in 2017. The investment was led by…
Read more »12 February 2018
Auto Springs East Africa is a leading Original Equipment Manufacturer and supplier for the motor industry in East Africa First investment in the auto-mobile industry in the region for Ascent Rift Valley Fund Debt financing for the transaction provided…
Read more »07 February 2018
EXEO Capital has announced an investment into a fast-growing aquaculture company operating on the South and West coasts of South Africa – TerraSan. Kennett Sinclair, partner at EXEO Capital – an Africa-focused private equity manager – says that as wild-ca…
Read more »06 February 2018
Actis today announced that it has agreed to sell its 79.5% majority stake in Mentor Management Limited (MML) a Kenyan project management company, to Turner & Townsend, a global construction and management consultant. The management team of MML will re…
Read more »05 February 2018
African Infrastructure Investment Managers (AIIM), one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments (OMAI), today announces an investment in Starsight Power Utility Ltd (Starsight). AIIM …
Read more »02 February 2018
Amethis acquires a significant minority stake in Groupe Premium to support this leading industrial equipment distributor in its African expansion. Amethis is happy to announce its partnership with Groupe Premium, the leading industrial equipment distribu…
Read more »01 February 2018
Cepheus Growth Capital Partners (Cepheus), a private equity firm, is pleased to announce it has successfully reached its first close at US$51mn of its Cepheus Growth Capital Fund (Fund). The Fund received strong support from three Development Finance Inst…
Read more »01 February 2018
Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition of a stake in CAIRO SCAN, a private provider of medical imaging services and diagnostics in Eg…
Read more »30 January 2018
African Infrastructure Investment Managers (AIIM), one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments (OMAI), today announces its acquisition of a minority stake in the Amandi IPP power pla…
Read more »30 January 2018
Investec Asset Management portfolio company wiGroup, a mobile transacting software company, has secured an equity investment from two leading global companies to fast-track its entry into emerging and developed markets. The Virgin Group’s global investmen…
Read more »30 January 2018
The investment will be used to broaden Sendy’s service offering, expand its team, and prepare for expansion into East Africa An efficient logistics sector and access to affordable, high-quality distribution services enable companies to accelerate growt…
Read more »22 January 2018
Boosts national base-load Monetises the gas resource of the country Strategic economic development asset in fragile, poor and underdeveloped country One of Mozambique’s newest and strategically most important power stations has been refinanced with…
Read more »19 January 2018
Leveraging its global experience in media, entertainment and technology, TPG Growth to partner with TRACE’s co-founder and management to build a global leader for Afro-urban music and entertainment. TPG Growth, the middle market and growth equity investm…
Read more »18 January 2018
Off Grid Electric – a leading rooftop solar provider in Africa, where it’s known by its consumer brand Zola – today announced major growth initiatives for the company, including expansion and funding. Off Grid Electric and EDF, a global leader in low-carb…
Read more »17 January 2018
Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, in conjunction with its investment partner DPI announce the acquisition of Université Internationale de Casablanca (UIC) …
Read more »16 January 2018
Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, announces the acquisition through its third fund (MC III) alongside DEG, Proparco and South Suez, of a stake in “Travaux…
Read more »15 January 2018
Injaro Investments is pleased to announce an investment in AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the deficit of protein foods in Niger. Injaro co-invested with …
Read more »15 January 2018
Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, announces the acquisition through its second fund (MC II), of a stake in the Groupe Scolaire René Descartes, a private ed…
Read more »12 January 2018
Pan-African private equity specialist DPI, has been instrumental in creating KMR Holding Pédagogique, the leading state-recognised higher education platform in Francophone Africa. This is because of rapidly growing demand for quality degrees and strong j…
Read more »12 January 2018
Equity capital of EUR4mn for M-BIRR Around 100 million people live in Ethiopia. More than three quarters do not have any access to banking services. The cashless money transfer and payment service (M-BIRR) provides an alternative to a bank branch by enab…
Read more »01 January 2018
Amethis, a leading African investment firm is pleased to announce the acquisition of a minority stake in Afriwara Group, a key player in confectionery and biscuits in West Africa. For Afriwara, this partnership is a strategic move to boost its ambitious d…
Read more »20 December 2017
AfricInvest, a leading pan-African private equity firm, today announced the first close of FIVE, an evergreen platform for investing in financial institutions in Africa. Through its investments, FIVE expects to meaningfully contribute to improved access t…
Read more »20 December 2017
Private Girls Secondary School in Ghana Receives Equity Investment Oasis Capital Ghana, an Accra-based private equity fund manager, is pleased to announce an investment in Legacy Girls College, a private girl’s high school operating in Ghana. The invest…
Read more »19 December 2017
LeapFrog Investments, the dedicated investor in financial services and healthcare for emerging consumers, has sold a major stake in BIMA to Allianz X – the digital investment unit of the global insurer and asset manager, Allianz Group – as part of a $96.6…
Read more »13 December 2017
The Abraaj Group (“Abraaj” or the “Group”), a leading investor operating in growth markets, announced today it has entered into a definitive agreement to purchase, through its Funds, a significant minority stake in Société Nationale des Télécommunications…
Read more »08 December 2017
Àrgentil Capital Partners (Àrgentil) has acquired a 49% stake in Chocolate City Lounge, a Nigerian based Restaurant and Lounge Company. Àrgentil will also provide Chocolate City Lounge with debt funding. The investment is being done via the Àrgentil Prin…
Read more »30 November 2017
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the first closing of its North African Fund (MPEF IV). The fund has received capital commitments of EUR137mn from prestigious finance institutions, and expects …
Read more »30 November 2017
Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Inv…
Read more »28 November 2017
Mediterrania Capital Partners, the private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, announces the first closing of its third capital growth fund, Mediterrania Capital III LP, at EUR103mn. Mediterrania…
Read more »28 November 2017
Metier leads the sale of its investment in AE AMD (including two operational photovoltaic power plants totalling 30MW in the Northern Cape of South Africa) from its clean energy and resource efficiency fund, Lereko Metier Sustainable Capital (LMSC). Meti…
Read more »21 November 2017
Investec Asset Management Private Equity (Investec) has divested its equity holding in Ashwah Holdings (Ashwah), parent company of Daraju Industries (Daraju), by selling its significant minority stake back to the company. Daraju is a leading Nigerian…
Read more »21 November 2017
XSML, the fund manager active in Central & East Africa, announced its fifth investment in Uganda in Ecopharm Ltd. Ecopharm has a network of eight pharmacies in Kampala, through which it provides branded pharmaceuticals, branded gener…
Read more »14 November 2017
The EBRD is supporting small and medium-sized businesses in Egypt, Morocco and Tunisia with a EUR15mn equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to EUR35mn in subsequent closings. This is the thi…
Read more »09 November 2017
At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners. ESET Southern Africa is the…
Read more »08 November 2017
Kibo Capital Partners has acquired an undisclosed stake in leading Mozambican distributor, Tropigalia S.A. This marks Kibo’s fifth deal from its second fund which closed in 2016 with US$63mn in commitments. The financial details of the transaction have no…
Read more »06 November 2017
Today, XSML, the fund manager active in Central & East Africa, announced its fourth investment in Uganda in Telcare Ltd. Telcare, under its brand name Go-Phones, is an operator of mobile money kiosks in Uganda. Telcare has 39 kiosks and four shops loc…
Read more »03 November 2017
DiGAME Investment Company, a key investor in leading online education game-changer GetSmarter, today announced that it had made a strategic investment in 10X Investments, a South African tech-enabled asset manager, alongside existing shareholder Old Mutua…
Read more »01 November 2017
With an investment return of 3.3x, CDG Capital Private Equity has announced its total exit from Jet Contractors through a sale on the Casablanca Stock Exchange. “CDG Capital Private Equity has contributed to the organic and structural development of Jet …
Read more »25 October 2017
Investec Asset Management, through its Africa Private Equity capability, in a consortium with RMB Ventures, local partners, and senior management have completed a buy-out of Kamoso, a Botswana-based retailer and consumer goods company. The transaction is …
Read more »25 October 2017
Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, is launching its third International Private Equity Fund of Funds (International FoF III) with a target size of US$300mn. By investing in a globally di…
Read more »24 October 2017
FMO, the Dutch Development Bank and Shell Foundation, a registered charity in the United Kingdom, signed a Memorandum of Understanding (MOU) to join forces on increasing the flow of funds for impact finance in the energy sector. They agreed to a broad coo…
Read more »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 »13 October 2017
Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to acquire the NOSA Group from Johannesburg Stock Exchange-listed MICROmega Holdings for approximately ZAR750mn. The transaction is expected to close in th…
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 venture capital firm, has availed about US$400,000 to Homelux Property Development which will go towards the development of residential stands in Tynwald Harare. Vakayi is an SME-focused fund which was established last year. It has to da…
Read more »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 »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 »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 $100m for a 12.4% stake in Africa Oil Corp. (“Africa Oil” or “the Company”). Africa Oil Corp. is a Canadian oil and gas company with a…
Read more »30 April 2015
Overseas Private Investment Corporation: Global Engagement Call For Proposals The Overseas Private Investment Corporation is launching its 2015 Global Engagement Call for Proposals. OPIC is inviting proposals from fund managers seeking OPIC financin…
Read more »24 April 2015
Johannesburg, South Africa, April 24 2015: Vantage Capital, an African mezzanine debt provider, today announced that the DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and four other European investors are contributing a total of a…
Read more »23 April 2015
Advanced Finance and Investment Group (“AFIG Funds”), manager of the Atlantic Coast Regional Fund (“ACRF”) is pleased to announce that it has completed an investment in Primrose Properties Ghana (“PPG”), a leading real estate development company based in …
Read more »22 April 2015
Verod Capital has along with the management team of Union Trustees Limited acquired Union Trustees Limited. This is the third investment in Verod Capital’s Fund II. The company, a fully owned subsidiary of Union Bank of Nigeria is duly licensed and regist…
Read more »13 April 2015
Dubai, UAE, 13 April 2015: The Abraaj Group (“Abraaj” or “The Group”), an investor operating in global growth markets, today announced the final close of its third dedicated Sub-Saharan Africa private equity fund at US$ 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-growing consumer market London and Algiers, 14 March 2014: Emerging Capital Pa…
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…
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RT @CapriaVC: Capria is looking to invest up to USD $8Mn across funds in #Tanzania. Does your fund fit in Capria’s investment strategy?…
The AVCA 2020 Conference is just 8 weeks away! Join us from 20th – 24th April, as we celebrate and showcase the i… https://t.co/oSMlACpPd0
[In case you missed it] Last week, we held our first Private Capital Funds Masterclass in Cairo, Egypt. We would li… https://t.co/Hh6BF4bG08
[Weekend Read] Africa’s PE ecosystem has grown rapidly since its conception in the 1990s. Discover the most recent… https://t.co/lzP9czD7Y3
Boutheina Ben Yaghlane Ben Slimane, CEO, Caisse des Dépôts et Consignations du Tunisie will be speaking at this yea… https://t.co/cO6x5KMxCV
