2018

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 aquires a minority stake in Merec Industries

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…

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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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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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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