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, acquires 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 »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 »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 an 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 di…
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…
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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. #AVCASummit18… https://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
