2019

First female PE fund stars at Africa Investment Forum

12 November 2019

4 Years, 3 Continents, 2 Women, 1 Plan   The first female-led African private equity fund took centre stage at the African Investment Forum, when the President of the African Development Bank (AfDB) Akinwumi Adesina said “Alitheia IDF last year here, co…

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ECP joins prominent DFIs to promote higher education in Africa

12 November 2019

Pan-African investor Emerging Capital Partners (ECP) announces a strategic partnership with three leading Development Finance Institutions (DFIs), Proparco (France), Finnfund (Finland), and IFU (Denmark), to support growth and development of higher educat…

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Visa acquire miniority stake in Helios portfolio company, Interswitch

12 November 2019

Interswitch, a leading technology-driven company focused on the digitization of payments in Nigeria and other countries in Africa, and Visa Inc., the world leader in digital payments, today announced a strategic partnership that will further advance the d…

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FMO Ventures Program signed at Africa Investment Forum

11 November 2019

EUR40mn in guarantees for FMO’s innovative early-stage investment program Today, at the Africa Investment Forum in Johannesburg, FMO and the European Commission (EC) signed the guarantee agreement for the FMO Ventures Program. The EC has provided EUR40mn…

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SIFEM invests EUR7mn into Cathay AfricInvest Innovation Fund

11 November 2019

SIFEM has approved a EUR7mn commitment into AfricInvest's joint fund, Cathay AfricInvest Innovation Fund I. To find out more, please read here.

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TPG Growth's Rise Fund Invests in Uganda's Pearl Dairy

07 November 2019

The Rise Fund is partnering with Pearl Dairy, a market-leading dairy processing company based in Uganda, to help expand and enhance its operations The Rise Fund, a global impact investment fund managed by TPG that is committed to achieving positive socia…

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FMO provides US$10mn loan to Sidian Bank Limited

07 November 2019

FMO has approved a US$10mn loan to Centum Investment backed commercial bank, Sidian.  For more information, please click here.  -END-

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Agri-Vie Sells Stake in SA Abalone Farming Company

04 November 2019

Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from one of South Africa’s most well-established abalone farming companies, HIK Abalone Farm …

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Agie-Vie sells stake in SA Abalone Farming Company

04 November 2019

Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from one of South Africa’s most well-established abalone farming companies, HIK Abalone Farm …

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Helios's Interswitch expands presence in Nigerian healthcare space

02 November 2019

Interswitch Limited, a leading technology-driven company focused on the digitization of payments in Nigeria and other African countries, has announced the acquisition of eClat Healthcare Limited, a Nigeria-based health technology company that aims to imp…

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IFC invests in Ethopian Malt Production

31 October 2019

IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced a EUR20mn investment in Soufflet Malt Ethiopia to help the company build and operate a malting plant in Ethio…

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DOB Equity invests in Nairobi-based technology learning accelerator Moringa School

28 October 2019

Moringa School is developing the next generation of tech leaders through market-driven education With a rising population, youth unemployment is one of the biggest challenges facing Kenya and Africa at large The investment in Moringa School will hel…

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Adiwale Partners holds the first closing of Adiwale Fund I at EUR50mn

23 October 2019

Adiwale Partners, the private equity firm focusing on growth capital investments for SMEs in French-speaking West Africa, has announced the first closing of its first fund, Adiwale Fund I, LP at EUR50mn. The fund has attracted investors from Africa, Europ…

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Stephane Bacquaert has joined Adenia Partners as a Managing Director

22 October 2019

Adenia Partners is pleased to announce today that Stephane Bacquaert has joined the team as Managing Director and member of the Board. He will be primarily focused on leading Adenia private equity activities in West Africa. Stephane joins from Wendel whe…

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African Development Bank inks EUR12.5mn deal with Adiwale Fund for SMEs

18 October 2019

The African Development Bank on Thursday signed off on its EUR12.5mn equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in francophone West Africa. The Ban…

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FMO commits EUR4.40mn to AfricInvest Cathay Innovation Fund

18 October 2019

FMO has approved a EUR4.40mn investment into AfricInvest and Cathay's joint innovation fund.  To find out more, please click here.

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EIB approves US$25mn equity commitment into Blue Orchard Resilience Fund

16 October 2019

EIB has approved a US$25mn equity commitment into Blue Orchard Resilience Fund.  To read more, please click here.  -END-

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Female founded Aruwa Capital Management launches US$20 million co-investment vehicle for Africa

15 October 2019

Aruwa Capital Management (“Aruwa”), the female-founded and led private equity firm focussed on Nigeria and Ghana, announces the launch of a US$20mn co-investment vehicle (the “Vehicle”). Aruwa‘s mission is to provide patient growth capital to established …

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Helios exits investment in Eland Oil & Gas for GBP£382mn to Selphat Petroleum

15 October 2019

RECOMMENDED CASH ACQUISITION of Eland Oil & Gas PLC ("Eland") by Seplat Petroleum Development Company Plc ("Seplat") to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006 Summary and Highlights ● …

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EIB approves US$50mn investment into DPI's African Development Partners III fund

15 October 2019

The European Investment Bank has approved a US$50mn equity investment into DPI's African Development Partners III fund.  To find out more, please click here.

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London Stock Exchange Welcomes Helios Towers Plc

15 October 2019

Helios Towers plc, a leading Sub-Saharan independent tower Company, was today welcomed to the London Stock Exchange on its successful admission to the premium listing segment of the Official List. Formed in 2009 with a vision of becoming a major infrastr…

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Female founded Africa focused private equity co-investment vehicle makes first investment in Nigeria’s pioneer manufacturer of daily personal hygiene products

14 October 2019

Aruwa Capital Management has a focus on gender lens investing Aruwa Capital Management (“Aruwa”), a West Africa focused Private Equity co-investment vehicle, has completed its first investment, in Wemy Industries Limited (the “Company”), Nigeria’s first …

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African Capital Alliance Announces the Sale of Cornerstone Tower

11 October 2019

African Capital Alliance (“ACA”) today announced the sale of Cornerstone Tower, an A-grade office building in Lagos, to Everty, a strategic investor that focuses on acquisition and development of prime real estate around the world. ACA’s pioneer Real Esta…

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Proparco is supporting Local Pharmaceuticals Production in Africa

11 October 2019

The US$10mn loan allocated to the pharmaceutical company Africure Pharmaceuticals demonstrates Proparco’s commitment to improving access to essential goods and services in emerging and developing countries. PROPARCO is combining this loan with a technic…

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Verod Capital Exits UTL Trust Management Services Limited

09 October 2019

Verod Capital Management Limited (Verod) is pleased to announce, via its sophomore fund, Verod Capital Growth Fund II LP (Fund II), that it has completed an agreement and received regulatory approvals to fully exit its ownership of UTL Trust Management Se…

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IFC Partners with CardinalStone to Support Small and Medium Enterprises in Nigeria and Ghana

07 October 2019

IFC, a member of the World Bank Group, is investing US$10mn in CardinalStone Capital Advisers Growth Fund (CCAGF), a private equity fund launched and managed by CardinalStone Capital Advisers (CCA)- an investment management firm, to expand access to finan…

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Investec Asset Management invests KES1.3bn in affordable student housing in Kenya

04 October 2019

PIDG company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) announced on 4th October that it has completed its first project in affordable housing in Africa. It is also its first transaction denominated in local currency, the Kenyan Shilling (KE…

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Centum Concludes a Successful Exit of Almasi Beverages Limited and Nairobi Bottlers Limited

03 October 2019

Centum Investment Company PLC (“Centum”) announces that it has completed the sale of its 53.9% shareholding in Almasi Beverages Limited (“ABL”) and 27.6% shareholding in Nairobi Bottlers Limited (“NBL”) to Coca-Cola Sabco East Africa Limited (“CCSEA”), a …

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Oikocredit International backs Ugandan Tea Processor with US$3.15mn investment

01 October 2019

Solidaridad has facilitated US$3.15mn of financing for Ugandan tea processor Kayonza Tea Factory in the form of a long-term loan from social impact investor Oikocredit. The investment will allow Kayonza to build a second factory to process the soaring te…

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The Carlyle Group co-launches Boru Energy With Oil Industry Veterans Aidan Heavey and Tom Hickey

01 October 2019

Boru Energy will target acquisitions of up to US$1bn, focussing on oil and gas opportunities across Sub-Saharan Africa Global investment firm, The Carlyle Group (NASDAQ:CG), announced today that it has agreed to partner with Aidan Heavey and Tom Hickey, …

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Amethis sells its minority stake in the Compagnie de Distribution de Côte d’Ivoire (CDCI) to the Moroccan Group Retail Holding

30 September 2019

Amethis is pleased to announce the sale of its minority stake in Compagnie de Distribution de Côte d'Ivoire (CDCI) to Groupe Retail Holding, a Moroccan group that holds several modern distribution franchises in Morocco. Acquired in 2002 by the Ivorian-Le…

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Adenia Partners concludes investment in Quick Mart, and embarks on merger to establish leading supermarket retailer in Kenya.

27 September 2019

Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces that it has completed a majority investment in Quick Mart Limited on 19 September 2019. The transaction has been structured through Adenia Capital (IV), a  EURO230mn fund. …

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Verod Capital Acquires Metropolitan Life Nigeria from South African Momentum Metropolian Holdings

17 September 2019

Verod Capital Management (Verod), a leading West African private equity firm, has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance Nigeria Limited (Metropolitan Life Nigeria, or, the Company), fr…

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Flourish Ventures leds £10mn Series Funding Round of Digital Banking Startup FairMoney

16 September 2019

FairMoney, a Paris-based fintech startup, has closed a $10 million-euro Series A round of investment led by Flourish, a venture of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC. Launched …

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FMO Approves Loan to Ghanaian Chocolate Producer, Niche Confectionary

16 September 2019

The Netherlands Development Finance Company (FMO) has approved a US$8mn loan to Ghanaian chocolate producer, Niche Confectionary to expand its operations.  To find out more, please click here.

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EIB approves investment into Metier Sustainable Capital Fund II

10 September 2019

The European Investment Bank has approved its investment into Metier Private Equity’s second sustainability fund, Metier Sustainable Capital Fund II for an undisclosed amount. To find out more, please click here.

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Amethis partners with Rogers Group to support VLH's strategic development in Mauritius

04 September 2019

Amethis, an investment fund manager dedicated to the African continent, acquires a stake in VLH, the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius. Amethis' investment will be mainly devoted to the projects o…

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PCP invests in Raintree Farms, an innovative agri-ceutical concept

03 September 2019

Pearl Capital Partners (PCP), though the Yield Uganda Investment Fund is proud to announce its fifth investment in Uganda by making a commitment to invest UGX 3.9bn to Raintree Farms Limited, a pioneer agri-ceutical enterprise specialising in the producti…

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Bowmans Expands Into Mauritius And Ethiopia

02 September 2019

Leading African law firm Bowmans has announced that it is expanding into Mauritius and Ethiopia, enabling it to unlock more opportunities for its clients and contacts on the African continent. Robert Legh, chairman and senior partner, says ‘This move, wh…

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Oikocredit signs KES1bn Equity Investment in Credit Bank

29 August 2019

Nairobi, Kenya – Credit Bank PLC has signed a KES 1bn equity investment with social impact investor Oikocredit today. The investment, which is subject to regulatory approvals, will see Oikocredit take a minority stake in Credit Bank Credit Bank int…

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AIIM Contributes to Renewable Energy Fund in South Africa

28 August 2019

A clean fund for the future The SOLA Group has secured R400mn in order to build commercial and industrial solar PV facilities across Southern Africa. The renewable energy fund, Orionis, will enable 40 MW of solar PV projects to be built without capital e…

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IFU Backs Affordable Universirty Education in Africa

28 August 2019

INCREASING UNIVERSITY EDUCATION IN AFRICA In Africa, less than 10 per cent of young people get a university degree. This is the lowest global average and a big constraint for young Africans to improve their livelihood and for African countries to develop…

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Norfund invests in Sundry Foods in Nigeria

15 August 2019

The Norwegian Investment Fund for Developing Countries (Norfund) has made an investment in the Nigerian company Sundry Foods Limited. Sundry Foods is an integrated food services company operating in the Quick Service Restaurant (QSR), Bakery and Catering …

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Investec Asset Management's EAIF announces milestones for clean energy projects in Mozambique, Uganda and Tanzania

14 August 2019

Investec Asset Management's Emerging Africa Infrastructure Fund (EAIF) has announced two renewable energy projects that will produce a total of 54MW of clean power have celebrated important milestones. Mozambique’s president declares Mocuba solar plant…

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Actis raises US$1.23 bn in first Long Life Infrastructure Fund

14 August 2019

Actis, a leading growth markets investor, today announced that it has completed fundraising for its first Actis Long Life Infrastructure Fund (“ALLIF”). The ALLIF fund was raised by Actis’ in-house teams and represents over US$1.23bn of fund commitments p…

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Verod Capital Management invests in West Africa clothing manfactuer, DTRT

14 August 2019

West Africa’s largest clothing manufacturer, DTRT Apparel Ltd (DTRT), today announced a major investment from leading investment firm Verod Capital Management and Red Bull GmbH, in a transformative deal for the West African apparel industry. DTRT supplie…

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Charles Russell Speechlys advises Growthpoint Investec African Properties on its first two acquistions in Africa

13 August 2019

Charles Russell Speechlys has advised Growthpoint Investec African Properties Limited (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, on its first two acquisitions, in Ghana and Zambia. …

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Helios Investment Partners partially exits Fawry through an IPO on the Egyptian Stock Exchange

08 August 2019

Helios Investment Partners (“Helios”) announces its partial exit from Fawry for Banking and Payment Technology Service (“Fawry”), the leading electronic payments platform in Egypt. This partial exit was achieved through a heavily oversubscribed initial pu…

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Actis acquires Bio Therm Energy

01 August 2019

Actis has acquired BioTherm Energy (BioTherm) – a South Africa-based, pan-African renewable energy businesses – from Denham Capital, a global private equity firm. BioTherm consists of a strong Johannesburg-based team and a portfolio of assets in operatio…

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Verod Capital Announces an Interim Close of Verod Capital Growth Fund III LP

30 July 2019

Verod Capital Management (Verod) is pleased to announce an interim close of Verod Capital Growth Fund III LP (Verod Fund III) at US$150mn, exceeding the size of its predecessor fund, Verod Capital Growth Fund II LP (Verod Fund II).  Verod Fund III is supp…

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African Infrastructure Investment Managers announces the final close of African Infrastructure Investment Fund 3 at US$320mn

25 July 2019

AIIF3 targets significant influence investments across the power, transport and midstream energy sectors in Sub-Saharan Africa - areas with the biggest disconnect between demand for critical infrastructure and supply of available capital. The Fund focu…

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DOB Equity expands agri portfolio with investment in leading Kenyan laboratory services company Cropnuts

24 July 2019

Investment into Cropnuts – a leading Kenyan soil & crops testing and agri services company for East Africa Cropnuts will reach over 500,000 farmers by 2023, increasing crop yields and food security across Africa DOB Equity, a leading Dutch famil…

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Mediterrania Capital Partners Invests in Aziza

24 July 2019

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 third fund, MC III, of a stake in Aziza, a private Tunisian company operating in …

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Executives in Africa win ‘Best UK Overseas Operation’ at the 10th Global Recruiter Awards

24 July 2019

The 10th Global Recruiter Awards took place at Café de Paris, London, with Executives in Africa lifting the award for “Best UK Overseas Operation”. The Awards have an unprecedented reputation within the Industry for recognizing the best of the best,…

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CrossBoundary Energy Access and PowerGen Pioneer Long-Term MiniGrid Project Financing at Scale

17 July 2019

Transaction pioneers the use of project finance for rural mini-grids in Africa and provides long-term funding for 60 mini-grids bringing power to over 34,000 people Such innovative project finance solutions will be key to unlocking the US$11bn+ needed…

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AHL Venture Partners leads an equity investment in Kenyan company Crop Nutrition Laboratory Services Limited

17 July 2019

AHL Venture Partners, a leading impact investment firm in East Africa, has today announced, acting as lead investor, an equity investment in a Kenyan company, Crop Nutrition Laboratory Services Limited (“Cropnuts”). The investment is a co-investment with …

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EXEO Capital announces investment in Tanzanian packing manufacturer

16 July 2019

Having sustained an impressive compound annual growth rate (CAGR) of 7% over the past decade, Tanzania now boasts the third-largest economy in East Africa, following Ethiopia and Kenya respectively. According to Avril Stassen, a Senior Partner at EXEO Cap…

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Investec Asset Management acquires control of one of Egypt’s leading grocery retailers

15 July 2019

Investec Asset Management (‘IAM’) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt (‘Spinneys’), a rapidly growing supermarket chain in Egypt. This marks the eighth investment from IAM’s second pan-African…

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Actis assumes management rights on Abraaj Private Equity Fund IV and Abraaj Africa Fund III

15 July 2019

Actis has assumed management rights on Abraaj Private Equity Fund IV (APEF IV), a global buyout fund, and Abraaj Africa Fund III (AAF III), a fund for investment in sub-Saharan Africa The transaction includes 14 portfolio companies and strengthens Acti…

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EXEO Capital's Agri-Vie Fund II Closes at US$146mn

27 June 2019

Pan - African private equity manager, EXEO Capital, has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at US$146mn – showing growth of nearly 50% on the size of the first fund. Herman Marais, the Managing Partner …

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Pearl Capital Partners invests in Raintree Frams

27 June 2019

The Yield Uganda Investment Fund is proud to announce its fifth investment in Uganda by making a commitment to invest UGX 3.9Bn to Raintree Farms Limited, a pioneer agri-ceutical enterprise specialising in the production and processing of organic moringa.…

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Amethis to sale its participation in the Dislog Group

25 June 2019

Amethis announces the sale of its participation in the Dislog Group. The transaction allows Mouncef Belkhayat founder and majority shareholder to regain a controlling equity stake in the company in provision of a new investment cycle. Founded in 2004 by …

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Debevoise & Plimpton Advises TPG as it Takes Over the Abraaj Group’s Global Healthcare Fund

25 June 2019

Debevoise & Plimpton LLP has advised TPG in its definitive agreement to take over management of the existing assets of the Abraaj Group’s US$1bn Global Healthcare Fund. The fund will be named the Evercare Health Fund and will be managed by TPG Growth,…

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Final Close of Climate Investor One's Stitching Development Fund and Coöperatief Construction Equity Fund U.A. at a Combined US$850mn

21 June 2019

Coöperatief Climate Fund Managers U.A. (CFM) is proud to announce the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund U.A. at a combined US$ 850 mn. Climate Investor One, with an emerging markets …

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Consonance Investment Managers leads on Seed Round for healthtech company to tackle US$1.6bn diagnostics sector in Nigeria

21 June 2019

Healthtech company MDaaS Global, which is building a network of tech-enabled diagnostic facilities in Nigeria, has closed on seed funding totaling US$1mn. Led by Consonance Investment Managers, with participation from TechStars, FINCA Ventures, an investm…

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Alitheia Capital Seals Nigerian Deal

20 June 2019

The uMunthu fund managed by Goodwell Investments, via its West Africa partner Alitheia Capital, has acquired a share in MAX.ng, the pioneer app-based motorcycle hailing in West Africa. MAX.ng has raised about $7.5 million from a group of investors includi…

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TPG Growth Closes Transaction to Take Over the Abraaj Group’s Growth Markets Health Fund

20 June 2019

TPG has closed on a previously announced transaction to take over management of the existing assets of the Growth Markets Health Fund. The fund will be named The Evercare Health Fund and will be managed by TPG Growth, the middle market and growth equity i…

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Amethis announces the final close of Amethis Fund II at EUR375mn

17 June 2019

Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce the final close of its second Pan-African fund, Amethis Fund II, which collected EUR 375mn from more than 70 investors in Europe and Afri…

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Emerging Capital Partners invests in Inter Africa Transport Forex

14 June 2019

Emerging Capital Partners (ECP) announces an investment to acquire a substantial stake in Mauritius-based Inter Africa Transport Forex (IATF). IATF operates a financial technology platform that enables its customers –transport companies, especially cross-…

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Old Mutual Private Equity to invest in Footgear, a leading retailer of branded footwear in South Africa

12 June 2019

Old Mutual Private Equity (OMPE), the direct private equity investing arm of Old Mutual Alternative Investments, today announced the acquisition of a majority interest in Footgear, a leading South African retailer of branded footwear. The transaction was…

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Pearl Capital Partners invests in accredited analytical laboratory

11 June 2019

Having been set up with financing from the European Union (EU) through the International Fund for Agricultural Development (IFAD) and National Social Security Fund Uganda (NSSF) and managed by Pearl Capital Partners (PCP), the Yield Uganda Investment Fund…

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Sahel Capital Announces investment in Ladgroup Limited

10 June 2019

Sahel Capital, fund Managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”), today announces that definitive agreements have been executed for an investment in Ladgroup Limited (“Ladgroup”), an indigenous agricultural company that engages in t…

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CDC Group launches new company, Gridworks

10 June 2019

Capitalised by CDC, Gridworks will aim to invest over US$300 million to improve the transmission and distribution infrastructure that delivers reliable and sustainable power   CDC, the UK’s development financial institution, has today announced the laun…

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Helios Investment Partners and Egyptian-American Enterprise Fund acquire majority stake in Misr Hytech

03 June 2019

Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, and the Egyptian-American Enterprise Fund (“EAEF”) through their investment manager Lorax Capital Partners (“LCP”) have announced today the acquisition of 96.7% of …

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Inside Capital Partners announces fourth investment into Technopet Africa Limited

31 May 2019

Inside Equity Fund has committed to invest an initial US$3.75mn in Technopet as part of the company’s US$10mn+ investment plan over the next 2-3 years to expand its PET preforms production capacity. Technopet is the only PET preform manufacturer in Madaga…

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DPI announces sale of its Investment in Eaton Towers Holdings Limited

30 May 2019

Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the sale of its funds’ total holdings in Eaton Towers Holdings (“Eaton Towers”) to American Tower Corporation (NYSE: AMT) (“ATC”). Eaton Towers o…

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Axis launches investment platform, MIFGA

24 May 2019

Axis and Innpact have launched the first impact investing platform in Mauritius, the Mauritius Impact Finance Gateway to Africa (MIFGA). This innovative structure enables fund promoters to set-up and manage impact finance vehicles in an efficient and cost…

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DOB Equity invests in East African waste management sector

24 May 2019

Investment in Zanrec Ltd – a leading privately owned waste management company focusing on the hospitality sector on Zanzibar DOB’s first investment in a sector which is in need of long-term capital and innovation along the value chain, with a focus on …

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The Rise Fund Invests in Healthcare Drone Delivery Service, Zipline

17 May 2019

Investment Will Help Support Zipline’s Lifesaving Service Across the Global South and Expand The Rise Fund’s Technology and Healthcare Portfolios The Rise Fund, a global impact investment fund managed by TPG Growth, today announced its investment in Zipl…

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The Rise Fund Invests in Healthcare Drone Delivery Service, Zipline

17 May 2019

Investment Will Help Support Zipline’s Lifesaving Service Across the Global South and Expand The Rise Fund’s Technology and Healthcare Portfolios The Rise Fund, a global impact investment fund managed by TPG Growth, today announced its investment in Zipl…

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Verod Capital Exits Rotoprint Limited

14 May 2019

Verod Capital Management Limited (Verod) is pleased to announce that it has completed a full exit of its ownership of Rotoprint Limited (Rotoprint), a flexible packaging company based in Nigeria. Rotoprint is a leading vertically integrated supplier of f…

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Investec Asset Management portfolio company wiGroup completes follow-on equity financing round

10 May 2019

Investec Asset Management portfolio company wiGroup, a leader in mobile-transacting software, has completed a follow-on growth equity round. All of wiGroup’s institutional investors – Crossfin, Virgin Money, Smollan, and Investec Asset Management – have c…

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LeapFrog breaks impact investing record, with US$700mn emerging markets fund

10 May 2019

LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its US$600mn target to reach US$700mn. The new fund invests in healthcare and financial services companies – tapping into the demand f…

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DOB Equity expands FMCG exposure by investment in drinking water provider Jibu Tanzania

07 May 2019

Jibu Tanzania is part of the Jibu Global network, a social venture founded in 2012 and active in 5 African countries DOB Equity’s investment in Jibu Tanzania aims for the rapid expansion of a replicable distribution model in major cities across T…

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AfricInvest Leds InstaDeep Series A Funding Round

03 May 2019

InstaDeep, an Enterprise AI startup, announced it has raised $7 million in Series A funding. The leading pan-African private equity firm, AfricInvest, led the investment, with participation from Endeavor Catalyst, a New York-based co-investment fund under…

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Inside Capital Partners Announces Third Investment

03 May 2019

Inside Capital Partners is pleased to announce the third investment of its first fund, Inside Equity Fund, into NSI -Reneworld ("Reneworld"), to finance the expansion plan of a leading renewable energy company in Mauritius and across the Southeast Africa …

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Mediterrania Capital Partners sells significant stake in Cash Plus

02 May 2019

Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, is pleased to announce the sale of a significant stake in Cash Plus, the largest independent money transfer company in M…

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DEG promotes lending to women in Uganda

02 May 2019

Growth capital for BRAC Uganda Bank Ltd. In Uganda, only about one third of the population has a bank account. Microfinance institutions can only close the gap to some extent. One of them, BRAC Uganda Microfinance Ltd., which focuses on providing finance…

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Kasada Capital Management raises over US$500mn for new hospitality fund dedicated to Sub-Saharan Africa

26 April 2019

Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million. This is in line with a first announcement disclosed in July 2018…

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Adenia Partners sells leading dairy company in Madagascar

26 April 2019

Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, the leading dairy producer and distributor in Madagascar. Adenia Partners, through Adenia Capital (II) and Adenia C…

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AfricInvest’s permanent vehicle FIVE achieves its fourth close bringing AfDB as investor

26 April 2019

AfricInvest, a leading pan-African private equity firm, today announced the fourth 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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DLA Piper Advises Phatisa on Meridian Exit

23 April 2019

DLA Piper has advised Phatisa, a leading African development and private equity fund manager, and other minority shareholders, on the sale of a controlling shareholding in Meridian Group (Meridian) to Ma’aden, the Saudi Arabian based mining and metals com…

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CDG Capital Private Equity invests in Oncorad, a leading operator in oncology in Morocco

22 April 2019

CDG Capital Private Equity, the leading growth equity investor in Morocco invested in Group Oncorad, a private healthcare provider focused on oncology and radiology. Oncorad was founded in 1999 by Pr. Redouane Samlali and Dr. Omar Hajji. Their first cent…

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AfricInvest and Cathay Innovation join forces to launch the leading Pan-African Venture Fund

10 April 2019

AfricInvest, a leading private equity firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, created in affiliation with Cathay Capital Private Equity, are pleased to announce today their association…

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Building Prospects: enabling high impact for people

09 April 2019

New name and mandate for the Infrastructure Development Fund (IDF) The Dutch Ministry of Foreign Affairs renewed the mandate of FMO’s Infrastructure Development Fund (IDF) and topped the fund with EUR 100 mn.  A new strategy has been formulated as part o…

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Kudi Secures US$5mn Series A Raise led by Partech to accelerate the growth of its distributed banks agents in Nigeria

04 April 2019

Kudi, the Nigerian leader of digital payment and collection for the cash economy, raises a Series A led by Partech and joined by Michael Seibel (YC CEO). Existing investors Khosla Ventures and YC also participated. Kudi will leverage its Series A to grow …

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Oando PLC Announces Divestment of its Residual 25% Interest in Axxela Limited to Helios Investment Partners

04 April 2019

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, today announced that it has divested its residual 25% interest in Axxela Limited (held through Glove…

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Liquid Telecom has completed the agreement with CDC Group plc for the US$180mn investment into the Group

03 April 2019

Leading pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, today announces completion and receipt of an investment of US$180mn investment from CDC Group plc, the UK’s development finance institution. The investment will enable Liqu…

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EIB invests in Africa Industrialization Fund to support growth capital investments

01 April 2019

The European Investment Bank (EIB) has signed a commitment of US$15mn with the SPE Africa Industrialization I Fund (AIF I), a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies mainly in North Af…

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IFC Invests in Leading Glass Manufacturer to Create Jobs, Boost Growth in Egypt

01 April 2019

IFC, a member of the World Bank Group, is providing up to US$100mn in financing to the Middle East Glass Manufacturing Company (MEG), Egypt’s leading maker of glass containers. The partnership is designed to support the firm’s capital expenditure program,…

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Britam anchors first south-south private equity fund in Africa

27 March 2019

Britam Holdings PLC has approved an anchor investment in Tiserin Capital, Africa’s first south-south private equity fund.  As a result, Britam will become an anchor shareholder in Tiserin Capital Private Equity Fund. This investment by Britam will play a …

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Kibo Capital Partners invests in Saviu Ventures

22 March 2019

Kibo Capital Partners (KCP) today announced an investment in Saviu Ventures Ltd, an investment company whose objective is to partner with promising technology companies in East and West Africa, driving growth through financial, managerial and strategic su…

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Verod Capital completes investment in Daystar Power in a key milestone for the West African Commercial and Industrial (“C&I”) space

21 March 2019

Anglophone West Africa focussed private equity firm, Verod Capital Management (Verod), announced that it has invested in Daystar Power Group (Daystar), a leader in developing, owning and financing Commercial and Industrial sector hybrid solar generation p…

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EIB commits EUR12.5mn to Janngo Capital Startup Fund

18 March 2019

EIB has approved the commitment of EUR12.5mn into Janngo Capital Startup Fund.  To read more, please click here.  -END-

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Chocolate City Lounge “Portfolio Bolt-on” Investment

01 March 2019

Àrgentil Asset Management Limited has completed a follow-on investment in its portfolio company, Chocolate City Lounge (“CCX”) a Nigerian based restaurant and lounge to support the CCX brand expansion into the Lagos market. Àrgentil’s financing will supp…

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Oasis Capital Ghana Limited Invests in Sinel Specialist Hospital

25 February 2019

Tema Hospital Receives Investment for Growth Oasis Capital Ghana, managers of the Oasis Africa VC Fund (OAF), are pleased to announce their investment in Sinel Specialist Hospital (“Sinel”). Sinel is a Tema-based specialist hospital in Ghana that provide…

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CDG Capital Private Equity invests in SCE Chemicals

15 February 2019

CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in SCE Chemicals, a leading company manufacturing specialty chemicals, fertilizers and other chemical inputs for industrial clie…

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Inside Capital Partners announces its investment in the Latitude Hotels Group

15 February 2019

Lusaka, Zambia: Inside Capital Partners through its first fund, Inside Equity Fund specialised in financing regional expansion plans of SMEs in Southeast Africa, recently signed off a deal with the Latitude Hotels Group to finance its expansion. Inside wi…

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African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

06 February 2019

Cape Town and Nairobi: 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), today announces the appoi…

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DPI announces $35m investment into African facilities management business, IFS

05 February 2019

Johannesburg/London - Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the latest investment of its African Development Partners II fund (“ADP II”) into International Facilities Services (“IFS”)…

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Amethis announces an intermediary closing of Amethis Fund II at EUR 305mn, above its original target

04 February 2019

Amethis, the investment fund manager dedicated to long-term responsible investments in Africa, is pleased to announce an intermediary closing of its second Pan-African fund, Amethis Fund II, which collected EUR 305mn from a broad range of investors in Eur…

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Partech announces the final closing of its Partech Africa fund above hard cap at EUR125mn

31 January 2019

Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and establishes East Africa presence. The Partech Africa Fund achieves a final closing at €125M, more than double the size of its first closing a year …

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CDC appoints Stephen Priestley as new Managing Director, Funds and Capital Partnerships

28 January 2019

CDC, the UK’s development financial institution, has today announced the appointment of Stephen Priestley as its new Managing Director, Funds and Capital Partnerships. Stephen starts his new role on 28 January and will report directly to Chief Executive N…

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Adenia Partners Announces Investment in Tumaini, an Emerging Supermarket Retailer in Kenya

25 January 2019

Port Louis, Mauritius: Adenia Partners, a private equity firm investing in Sub-Saharan Africa, announces that on 5 December 2018, it completed an investment in Tumaini Self Service Limited through a special purpose vehicle, Sokoni Retail Kenya Limited. Th…

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CDG Capital Private Equity invests in Steripharma, a pharmaceutical business in Morocco

25 January 2019

CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announced an investment in Laboratoires Steripharma (“Steripharma” or “the Company”), a well-established pharmaceutical business in Morocco. CDG Capital…

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CrossBoundary Mini-Grid Facility Announces First Close with The Rockefeller Foundation and Ceniarth

23 January 2019

Groundbreaking facility unlocking private capital for mini-grids in Africa, providing gridquality power to rural households and businesses First close on initial US$16m facility to provide power to 170,000 people Project finance solution key to unlo…

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CDC Group backs TheBoardroom Africa with £1.6mn funding to increase women’s representation in African boardrooms

22 January 2019

Partnership will bring exceptional female talent to boards and investment committees across the continent London and Accra: In a partnership to bring increased diversity to companies and organisations across Africa, CDC Group, the UK’s development financ…

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CardinalStone Capital Advisers achieves first close at US$50mn

16 January 2019

Lagos, Nigeria: CardinalStone Capital Advisers (CCA), an investment adviser based in Lagos, Nigeria, has recently achieved a US$50mn first close of its private equity fund, CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund). Anchor investor…

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AIIM invests in BBOXX, provider of off-grid clean energy throughout emerging markets

16 January 2019

The acquisition marks the infrastructure specialist’s expansion into the African off-grid solar market Cape Town and London: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private eq…

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AfricInvest’s FIVE achieves its third close bringing KfW as investor

15 January 2019

AfricInvest, a leading pan-African private equity firm, today announced the third 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 gr…

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Syntaxis Africa launch ₦12bn Private Equity Fund to Bridge Financing Gap for SMEs in Nigeria

15 January 2019

It is common knowledge that Small and Medium Enterprises (SMEs) play a vital role in the development of any economy. According to the World Bank, SMEs contribute up to 60% of employment opportunities and up to 40% to the national Gross Domestic Product (G…

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African Development Bank Group approves investment in Climate Investor One’s Construction Equity Fund

10 January 2019

The Board of Directors of the African Development Bank Group has approved a USD 32.5 million equity investment in Climate Investor One’s (CIO) Construction Equity Fund (CEF), a platform that uses a unique blended finance approach, and targets the entire a…

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PCM Capital Partners exits its investment in leading Ivorian oil and gas player

08 January 2019

PCM Capital Partners (“PCP”), managers of the West Africa Emerging Growth Fund (“WAEMGF”) are pleased to announce the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire. This exit, the f…

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CDG Capital Private Equity invests in Trarem Afrique, the leading manufacturer and distributor of office furniture in Morocco

02 January 2019

CDG Capital Private Equity, the private equity firm focused on growth investments for SMEs in Morocco, announces the acquisition of a stake in Trarem Afrique SA. (“Trarem”), the leading manufacturer and distributor of office furniture in Morocco. CDG Capi…

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Adeniyi Adenubi, Executive Director – Institutional Business and Investor Relations at @VFDGroup talks to us about… https://t.co/CQLOo5yOxx

@AVCA_Africa’s Institutional Investor Masterclass is only 2 weeks away! Don’t miss the opportunity to strengthen yo… https://t.co/nlSSehEfWl

2 more weeks until @AVCA_Africa’s Connect with @NLawGlobal! Join us on Monday, 2nd December at Shimmy Beach Club, C… https://t.co/a56yVNezEb

RT @ABANAngels: Happening NOW!! #AESIS2019 Research Roundtable with reps from @VC4Africa @Briter_bridges @DisruptAfrica @AVCA_Africa @baoba…

Join Sarah Shackleton and Shane Rogel on 11/12/19 as they introduce AVCA's Operational Due Dilligence guide - an in… https://t.co/xkbytmUE2Z