2018

FMO arranges US$32.5mn facility to enhance access to energy in Tanzania

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 …

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FMO Launches Global Forestry Program to Mitigate Climate Change with West African and SE Asian Investments

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…

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DOB Equity continues rapid expansion of health conscious agri portfolio with investment in Kentaste

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 invested i…

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AfricInvest Announces Maghreb Private Equity Fund IV Final Close

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…

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Vantage Capital supports Amethis and West Africa Emerging Markets Growth Fund exit from Petro Ivoire

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 …

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CDC announces US$25mn commitment to Nigerian SMEs, emphasises CDC’s plan to invest US$4.5bn in Africa

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…

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AfricInvest and Gulf Capital Invest in iSON Xperiences, Sub-Saharan Africa’s Largest customer service and outsourcing provider

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…

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AfricInvest invests in Les Centaures Routiers, a leading freight transport and logistics company in West Africa

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…

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Impact investor DOB Equity expands their agri portfolio to include Kenyan macadamia processing company

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…

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Capria's Second Fund reaches Initial Close: Addressing the Global US$1trn Missing Investment Opportunity

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…

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ECP raises over US$640mn and closes fourth Pan-African Fund

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…

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Catalyst Fund II raises US$155mn successor fund for investment in East Africa

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…

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The African Development Bank approves EUR7mn investment in Partech Africa Fund

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…

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Oikocredit invests in cashew processor Anatrans in Burkina Faso

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 …

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GTR Ventures invests in Orbitt

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…

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CDC appoints Chris Chijiutomi, as the new Head of its Infrastructure Equity Team

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 …

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Injaro invests in a soap manufacturer in Côte d'Ivoire

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 …

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AfricInvest announces MPEF IV second close

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…

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The Rise Fund Leads $5 Million Series A Investment in SystemOne, the Digital Backbone for Infectious Disease Diagnostics

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 …

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Amethis has fully exited its shareholding in Morocco-based agriculture company Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) to Development Partners International (DPI)

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 …

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Helios invests in the development of tertiary education in Francophone Africa and partners with entrepreneur Mohamed Kabbadj to establish a student housing platform in the region

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…

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AfricInvest’s FIVE achieves its second close bringing Norfund, IFU and CBK Pension Fund as investors

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…

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LeapFrog invests in Pyramid Group - Largest Distributor of Cardiac and Orthopaedic Equipment in East Africa

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…

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L’Oréal Invests in the Fund Partech Africa

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’…

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AfricInvest Exits Kiboko Holdings Ltd

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…

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Development Partners International invests in leading Moroccan Irrigation Systems and Solutions business, CMGP

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 …

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Helios Investment’s oil and gas portfolio company, Vivo Energy completes Energy Deal

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…

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Helios Investment Partners acquires majority stake in TPAY

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…

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The Carlyle Group completes acquisition of Abacus, a pharmaceutical company in East Africa

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…

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African Development Bank approves US$ 15 million Equity Investment to boost SME growth in West Africa

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…

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FMO Participates in USD 16 Million Funding Round for South African Point of Sale Payments Provider Yoco September 6, 2018

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…

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CDC appoints new Deputy Chief Investment Officer for higher risk strategies

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,…

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AIIM invests in nine new Independent Power Projects under the SA government’s Renewable Energy Independent Power Producer Procurement programme

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…

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IFC to Invest in Capria Fund to address the US$1tn global “missing middle” investment opportunity

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 …

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Kibo Capital Partners invests in Merec Industries Mozambique

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…

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Amethis acquires a minority stake in maize and wheat producer Merec Industries

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…

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Daraju and ACA Announce CAPE IV’s Investment into Daraju Industries Limited, a Leading Nigerian Personal Care Company

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 …

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TPG’s Rise Fund buys stake in Botswana-based ecotourism operator, Wilderness Holdings

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…

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CDC Group invested US$50mn in Malindi Solar Group, to build a 52MWp solar photovoltaic power plant in South-East Kenya

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…

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African Infrastructure Investment Managers (AIIM) announces investment into airport holding company, SEGAP

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…

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TLcom Capital raises US$40mn for new Africa tech fund

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…

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LeapFrog invests in one of Nigeria's largest Pensions Administrators, ARM Pensions

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…

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SIFEM commits US$10mn to Ethos Mezzanine Partners III

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…

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AfDB approves US$15mn equity investment in Africa Food Security Fund to boost agri-business in Africa

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…

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SIFEM commits US$10mn to Frontier Energy II

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…

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Àrgentil acquires a stake in Nigeria based developer of innovative housing solutions

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…

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AfricInvest takes 14.3% stake in Britam Holdings Plc.

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…

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EXEO Capital backs Zambian foods distributor

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…

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In first major commitment in Africa, the Rise Fund leads US$47.5mn Series C for Cellulant, leading African digital payments provider

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…

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Oasis Capital Ghana Limited closes Oasis Africa venture capital fund

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…

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Investec Asset Management and Growthpoint Properties commence partnership with IFC

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 …

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Helios portfolio company, Vivo Energy, announces offer price to list on London and Johannesburg Stock Exchanges

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…

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AfricInvest and Amethis acquire a minority stake in CFG Bank

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…

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Swedfund invests in TLG Credit Opportunities Fund

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 …

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Yield Uganda Investment Fund makes maiden investment in soy processing company

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…

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IFC Venture Capital Leads US$8.6mn Series A Investment in Africa’s Talking, Supporting Disruptive Technologies in Sub-Saharan Africa

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 …

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TLcom Capital-led Series A, mSurvey raises US$3.5mn, eyes SA market

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…

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Proparco invests in the development of the leading Microfinance institution in Tunisia

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…

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DOB Equity makes first impact investment in Rwanda by investing in quality grain trader Sarura Commodities

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…

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European Investment Bank and African Development Bank have agreed to support the creation of the new Development Bank of Nigeria

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…

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Agri-Vie and Norfund's Investment Consolidates East African Summer Flower Growers

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 …

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Swedfund's investment in renewable electricity in Sub-Saharan Africa

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…

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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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Proparco its first investment in a Fintech to develop loans in Africa

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…

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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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Alta Semper Capital Commits US$18mn to HealthPlus, West Africa’s Leading Retail Pharmaceutical Chain

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…

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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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Centum attracts new shareholder in Kuramo Capital

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…

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Centum completes sale of its stake in Platcorp Holdings Limited

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…

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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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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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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'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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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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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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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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RT @CDCgroup: We're very happy to announce that we'll soon be welcoming our first Chief Impact Officer. Liz Lloyd CBE will lead a team of 5…

RT @Mkessome: Global private equity managers are ready to double down on their African investments https://t.co/LzuDaoOPHa via @qzafrica @a…

@Mkessome @AVCA_Africa CEO, moderated a panel discussing the role of private equity in Africa growth story… https://t.co/JJZnU4Ko3l

@Mkessome @AVCA_Africa CEO, shared insight alongside @OMFIF @IFC_org @LeapFrogInvest @meridiam_news and SI Capital… https://t.co/UUxUiAkWxc

Africa remains an attractive investment destination - 53% of institutional investors plan to increase their investm… https://t.co/sYGqv7gFiX