Kibo Fund I partially exits Madison Finance investment

16 Dec 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 25% stake in MFinance in 2013, and invested in additional preference shares to help the business grow its existing loan book to small and medium enterprises. Kibo I remains a partner with MFinance through its investment in ordinary shares.

« Back to Member News

AVCA is delighted to launch its online training series. Join us on the first series, which will cover Fundraising,… https://t.co/hMf5s4mZiz

AVCA Member News: AIIM in Witkop Solar Park deal Read more: https://t.co/iOiXB8FoEm

According to our new report, North Africa attracted the largest share of PE deals by volume and value with 31% and… https://t.co/vuvCc0fTwK

AVCA partners with @forbesafrica on inaugural Private Equity supplement. “As the pan-African private equity and ve… https://t.co/sCox8j19Ja

In 2020 H1, US$1.1bn was raised including final closes at US$0.5bn and interim closes at US$0.6bn, with 39% of this… https://t.co/0UeB6GkdCs

;