2015

PCP announces Ubipharm investment

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…

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Abraaj Group and PROPARCO partially exit stakes in Unimed

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 …

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Investisseurs & Partenaires completes Tincy Boulangerie investment

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 …

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Kibo Fund I partially exits Madison Finance investment

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 …

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Moringa Partnerships achieves final close

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…

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Synergy Capital Managers announce investment in Darl

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 …

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LeapFrog Investments receives US$200m commitment

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…

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Actis invests in pan-African food retailer, Food Lovers Market

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…

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AfricInvest purchases minority stake in Salvador Caetano Auto Africa

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…

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PCP completes Azalaï Hotels Group investment

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…

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IFC invests in Egypt-based Sphinx Glass

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…

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Actis invests in Nigeria’s Sigma Pensions

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…

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Abraaj Group and IFC achieve full exits of ownership in Saham Finances

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…

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Amethis announces minority investment in HMAO Group

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…

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Actis confirms sale of Nigeria’s Ikeja City Mall

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…

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Helios acquires stake in Fawry

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…

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African Capital Alliance Replaces CEO following ministerial appointment of Okey Enelamah

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 …

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Investec announces real estate JV in partnership with IFC

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…

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Helios acquires The Orange Groups stake in Telkom Kenya

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…

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Abraaj acquires majority stakes in Al Kindy and Menara

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…

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Synergy announces investment in Riggs

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…

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Adenia exits Newpack

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…

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Adenia Partners exits Hôtel du Louvre investment

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…

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Investisseurs & Partenaires reach first close at EUR$9.5mn

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…

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Investisseurs & Partenaires announce first close of IPDEV2

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…

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Swicorp Intaj Capital II Fund investment in Venezia Ice

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…

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Adlevo, Alitheia and Omidyar back Paga in follow-on investment

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…

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Mediterrania Capital Partners in Société Meunière Tunisienne acquisiton

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…

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Amethis closes investment in Ecobank Nigeria

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…

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I&P completes two portfolio investments in West Africa

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…

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The Abraaj Group partners with Egyptian education provider Tiba

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 …

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EIB announces participation Meridiam Africa Fund

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…

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Emerging Capital Partners exits Continental Reinsurance Plc

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…

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AfricInvest to exit investment in Alios Finance S.A.

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…

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Actis announces exit of Globeleq Africa

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…

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Synergy Capital announces final close

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…

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Injaro invests in Mali’s Seed Sector

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…

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Investisseurs & Partenaires announces investment in SCRIMAD Group

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…

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AfricInvest exits investment in Brookhouse

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…

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CDC and IFC invest US$24mn in CRDB

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…

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AIIM announces partnership with Hydroneo Afrique

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…

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Actis acquires stake in Coricraft group to propel expansion

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…

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Cauris Management sells stake in Eau Technologie Environnement

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…

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The Abraaj Group Closes Second North Africa Fund

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 …

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Investec announces first close of Africa Credit Opportunities Fund I

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…

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Investec invests in wiGroup

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…

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Amethis Finance invests in Elephant Africa Holding

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…

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Synergy Capital invests in Viathan

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…

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International Finance Corporation invests in Africa Oil Corp

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…

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Investec announces follow-on investment in IHS Towers

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…

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Adenia Partners announce investment in Cresta Paints

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…

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Helios acquires Crown Agents' financial services businesses

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 …

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Mediterrania Capital Partners' MC II fund reaches final close

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…

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The Carlyle Group agrees to sell shares in ETG

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…

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Investec Asset Management invests in IDM Group

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…

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Emerging Capital Partner’s exits NSIA

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 …

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Injaro invests in Ghana’s poultry sector

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…

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African Development Bank backs AFIG Fund II

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…

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Actis exits Mouka Limited

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…

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Abraaj acquires majority stake in Mouka Limited

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…

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Metier announces exit from South Point

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 …

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Kibo Capital exits International Medical Group

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, …

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Helios acquires equity stake in Oando Plc

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…

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Helios stake in Equity Group purchased by NSSF Uganda

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…

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Helios completes sale of stake in Equity Group

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…

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Investment Housing Solutions makes first Fund II Investment in Ravenswood

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…

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Omidyar Network announces investment in Hotels.ng

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…

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IFC invests US$10mn in Wamda Capital

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…

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Abraaj invests in Auvest MENASA Opportunities Fund

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…

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GEPF acquires minority stake in Bayport Management Ltd

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…

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CDC announces US$75mn commitment to Pembani Remgro Infrastructure Fund

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…

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AfDB approves US$50mn investment in CEC Africa Investments

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 …

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Helios invests US$100mn in Africa Oil Corp.

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…

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OPIC: Global Engagement Call For Proposals

30 April 2015

Overseas Private Investment Corporation: Global Engagement Call For ProposalsThe Overseas Private Investment Corporation is launching its 2015 Global Engagement Call for Proposals. OPIC is inviting proposals from fund managers seeking OPIC financing for f…

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DEG commits to Vantage Capital's Fund III

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…

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AFIG Funds invests in Primrose Properties Ghana Ltd

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 …

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Verod Capital buyout of Union Trustees Limited

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…

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The Abraaj Group closes US$990 Sub-Saharan Africa fund

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…

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FMO exits Safripol investment

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…

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Actis partially exits Edita Food Industries

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…

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DPI closes pan-African ADP II fund at US$725 million

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…

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CDC invest in sustainable timber company, Miro Forestry

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 …

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Amethis Finance acquires a minority stake in the NSIA Group

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…

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Verod Capital fully exits HFP Engineering and partially exits GZ industries

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…

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The Abraaj Group exits majority stake in ECCO Outsourcing

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’), …

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Metier successfully close African private equity fund, Metier Capital Growth Fund II

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…

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Actis wins Africa Infrastructure firm of the year

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…

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Abraaj, EBRD, DEG and Proparco Invest US$200mn in North Africa Hospital Holdings Group

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…

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Amethis Finance acquires stake in CIEL Finance Limited to expand footprint in Africa and the Indian Ocean

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…

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LeapFrog invests US$25mn in AFB Mauritius Limited

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…

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Actis Launches US$1.9bn Pan-African Renewable Energy Platform

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…

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Helios Investment Partners closes US$1.1 billion African private equity fund

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, …

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Qalaa Holdings Exits Pharos Holding

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…

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CDC take direct ownership and control of Globeleq & forms partnership to boost power generation in Africa

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…

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AfricInvest to exit its investment in Kenyan Insurance Company, UAP Holdings

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…

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Helios Investment Partners exits partial stake in Equity Group Holdings Limited to Norfund and NorFinance

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 …

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Helios Investment Partners poised to close US$1.1 billion African private equity fund

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…

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CDC appoints new Managing Director for its Africa Funds team

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…

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Centum Investment Company exits stake in UAP Holdings Limited to Old Mutual

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…

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AIIM portfolio company, Cenpower announces financial close of USD900m project financing for construction of independent power plant

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…

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AIIM's investment, Cookhouse Wind Farm reaches commercial operations

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 …

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AIIM investment, Renewable Energy Investments South Africa, reaches major milestone with commercial operation of solar PV facility

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…

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The @IFC will invest up to US$13mn in Capria Fund, a new US$100mn 'network fund' that invests in impact fund mana… https://t.co/3FnFe15eLR

@Proparco invested US$3mn in @JUMO_WORLD, a EM fintech start-up supporting the under-banked. #AVCASummit18https://t.co/O574LSxcra

@AFD_France has launched a new US$76mn fund to support African start-ups. US$58mn will be administered through… https://t.co/PJJKOPhrj8

Nairobi-based mobile survey platform @mSurvey raised US$3.5mn in a Series A round led by #TLcom Capital. #AVCASummit18 #VCinAfrica

@Jumia_Group, Africa's biggest ecommerce ecosystem, is Africa's first 'unicorn': an unlisted start-up with a valuat… https://t.co/JXuRIbcbbD