2018

FMO renews commitment to Emerging Africa Infrastructure Fund

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…

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Mediterrania Capital Partners invests in Groupe COFINA, a leading meso-finance institution in West and Central Africa

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…

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CDC announces US$39mn investment in 50MW Tè Power Plant in Guinea

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…

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TLcom Capital leads US$5mn financing round in Terragon to scale data and marketing technology platform for Africa

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…

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Sahel Capital Announces Investment in Coscharis Farms Limited

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…

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Inspired Evolution partners with Alten Africa to develop and operate solar PV Power Stations across Africa

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…

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Adenia Partners takes a controlling stake in Kanu Equipment, a fast growing pan-African specialist equipment distributor

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…

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Wendel sells its participation in Saham Group

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…

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LeapFrog successfully builds and exits Ghana's top pension provider

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…

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CDC announces two new senior appointments

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…

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Investec makes further equity investment in Mobisol

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…

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Ascent acquires majority stake in Auto Springs East Africa, in its second Kenyan deal

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…

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EXEO Capital’s Agri-Vie fund invests in TerraSan

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…

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Actis sells stake in Mentor Management Limited, Kenya

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…

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AIIM and Helios invest in Nigerian energy services company, Starsight Power Utility

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 …

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Amethis acquires a significant minority stake in Groupe Premium

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…

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Cepheus announces first close of its maiden fund

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…

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Mediterrania Capital Partners invests in Cairo Scan Radiology and Labs S.A.E.

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…

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AIIM acquires minority stake in the Amandi IPP

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…

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DOB Equity invests in Sendy, East African on-demand delivery services platform

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…

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Investec portfolio company secures global investment from Virgin Group and Smollan

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…

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Investec's EAIF backs power station refinancing in Mozambique

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…

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TPG Growth to Acquire TRACE, an African music and entertainment company

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…

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Helios leads Off Grid Electric Series D funding to expand Africa footprint

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…

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Mediterrania Capital Partners supports KMR Holding Pédagogique in building the largest platform of private higher education in Morocco and francophone Africa

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) …

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Mediterrania Capital Partners leads consortium investing EUR55mn in TGCC, Morocco

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…

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Injaro invests in Niger's poultry sector

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 …

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Mediterrania Capital Partners invests in Groupe Scolaire René Descartes

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…

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DEG invests in mobile money technology provider in Ethiopia

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…

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DPI builds Francophone African higher education platform

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…

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Amethis acquires minority stake in Afriwara

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…

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Welcome remarks made by AfDB Director, Wale Shonibare. AfDB, Sponsor's of the welcome cocktail #AfricaCon2018https://t.co/vB0LquGQRW

Minoka Radhakrishnan from AXA Africa Speciality Risks and Chumani Kula Old Mutal Private Equity during the welcome… https://t.co/hzjaN1HDcl

African Development Bank welcomes delegates at the #AVCACon2018 welcome cocktail. #AfricaPE

#Morocco has good investment conditions thanks to the transparency and predictability of the policies and regulatio… https://t.co/nmpOyWZzaZ

Our beautiful venue is ready to welcome all of you @movenpickMAR #AVCACon2018 https://t.co/WCQkFagG3F