27 December 2020
Actis’s portfolio Cleopatra Hospital Group S.A.E. (“CHG”) (CLHO.CA on the Egyptian Exchange) has entered into a sale and purchase agreement (“SPA”) to acquire 100% of Alameda Healthcare Group (“Alameda”) assets in Egypt and the operational merger of hospi…
Read more »23 December 2020
FSD Africa Investments (FSDAi), the investment arm of the UK aid-funded financial inclusion organisation FSD Africa, has today announced a $4.5million commitment to Funds set up by Lendable Inc. (Lendable). This will boost the capacity of alternative fina…
Read more »23 December 2020
Dentons has launched a previously announced combination with leading Zambian law firm, Eric Silwamba, Jalasi and Linyama Legal Practitioners, as part of its strategy to scale across Africa. In 2020, Dentons has announced 25 new offices around the world in…
Read more »22 December 2020
The Board of Directors of the African Development Bank has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for a new technical assistance initiative meeting the needs of the continent’s fast-evolving renewable mini-grid ind…
Read more »21 December 2020
Kenyan e-health startup Ilara Health has raised $3.75 million in Series A funding led by TLcom Capital, with participation from DOB Equity, Global Ventures and Chandaria Capital. The startup Nairobi-based startup which is focused on bringing essential, a…
Read more »18 December 2020
Sanlam Investments has announced that the first round of transactions from one of its three Investors’ Legacy Range funds had been concluded. The SME Debt Fund has committed R110 million in debt relief capital to three South African businesses and is expe…
Read more »15 December 2020
FMO and Cathay AfricInvest Innovation are pleased to announce their investment in Aerobotics, a South African AgriTech startup developing intelligent tools to the feed the world. Aerobotics enables tree and fruit farmers not only to monitor their crops bu…
Read more »15 December 2020
Ethos Private Equity (“Ethos”), one of Africa’s leading alternative asset managers, today announced an agreement with JSE and LSE-listed investment manager Ninety One, to take on an advisory contract for Ninety One’s Africa Private Equity funds, effective…
Read more »10 December 2020
Helios Investment Partners (“Helios”, acting on behalf of funds it advises), the leading Africa-focused private investment firm, has announced today a partnership with BİM BİRLEŞİK MAĞAZALAR (“BIM”), the leading discount grocery retailer in Turkey listed …
Read more »09 December 2020
Convergence Partners is pleased to announce that it has acquired an additional $5 million interest in CVAS, a leading fintech provider of mobile financial services across sub-Saharan Africa and beyond. Convergence Partners exercised preferential and exclu…
Read more »09 December 2020
Following shareholder approval at the Fairfax Africa Holdings Corporation (“Fairfax Africa”) special meeting of shareholders on December 4, 2020, Fairfax Africa and Helios Holdings Limited are pleased to announce the completion of the strategic transactio…
Read more »07 December 2020
EXEO Capital, a leading pan-African private equity investment manager, today announced the investment by its Food and Agribusiness fund, Agri-Vie Fund II, in Glacier Products Limited (“Glacier”) – the producers of Kenya’s renowned ice-cream and chocolate …
Read more »07 December 2020
Private equity manager Inside Capital is happy to announce a USD 3.1 million investment in the Mauritian leading recyclable waste collector company WeCycle, to drive its local and regional expansion. Today, WeCyle’s core business consists of collecting p…
Read more »04 December 2020
As part of its ongoing effort to foster sustainable investing across the firm, AfricInvest, a leading Pan-African mid-cap-focused private equity firm, is pleased to announce that is has become an official signatory of the United Nations-supported Principl…
Read more »03 December 2020
Swiss impact private asset manager Obviam AG (Obviam) is to enter into a strategic tie-up with Asteria Investment Managers (Asteria), the recently launched impact investing firm controlled by REYL & Cie Ltd (REYL), in a partnership that will bring tog…
Read more »02 December 2020
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of USD80m for its flagship pan-African infrastructure fund, AIIF3. The capital…
Read more »01 December 2020
Verod Capital Management Limited (“Verod”), a leading West African private equity firm, today announced the hiring of Nieros Oyegun Soerensen as a Principal and the firm’s Chief Operating Officer. Nieros brings over 15 years of rich finance and leadershi…
Read more »25 November 2020
CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit initial investors and support Cros…
Read more »25 November 2020
BioNTech SE (Nasdaq: BNTX, “BioNTech”) and AfricInvest portfolio company InstaDeep Ltd today announced a multi-year strategic collaboration aimed at applying the latest advances in artificial intelligence (AI) and machine learning (ML) technology to devel…
Read more »24 November 2020
AfricInvest, a leading Pan-African mid-cap-focused private equity firm, is pleased to announce the acquisition of a minority stake in Fidelity Bank Ghana Limited (“the Bank”). The purchase was made through its two funds, AfricInvest Fund IV and FIVE (Afri…
Read more »24 November 2020
Development Partners International (“DPI”), a leading Pan-African private equity firm with a strong track record of investing across the continent, is pleased to announce the signing of Compagnie Marocaine de Goutte à Goutte et de Pompage’s ("CMGP") landm…
Read more »24 November 2020
Ninety One, through the Emerging Africa Infrastructure Fund (EAIF), is lending US$31 million over 10 years to Access LNG B.V., a provider of specialist floating LNG infrastructure, to support the construction of a new Liquid Natural Gas (LNG) storage and …
Read more »20 November 2020
Accelerex Holdings, Mauritius (“Accelerex”), today announced that it has signed an investment agreement with regional private equity firm, Africa Capital Alliance (“ACA”), for the Capital Alliance Private Equity IV (CAPE IV) fund to invest $20 million in …
Read more »19 November 2020
Despite the global COVID-19 pandemic and domestic challenges in Ethiopia, Roadrunner Technology Solutions LLC (Roadrunner), a partner of Deliver Addis (the d/b/a name of Universal Courier Services PLC), continues to see rising demand for its services and …
Read more »18 November 2020
Available to young innovative African companies is now Bridge Fund by Digital Africa, a new financial instrument to help them mitigate the economic impact of the COVID-19 pandemic. Promoted by Digital Africa and deployed by Proparco, a subsidiary of the F…
Read more »18 November 2020
Old Mutual Alternative Investments (OMAI), one of Africa’s largest private alternative investment managers, today announces the first investment of its Education Investment Impact Fund of South Africa (EduFund), with the Sifiso Learning Group (SLG), a 100…
Read more »18 November 2020
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has acquired a minority equity stake in MetroFibre Networx (Pty) Ltd, a South African open access fibre network operator, throu…
Read more »18 November 2020
Autochek, the automotive technology company that aims to build solutions for the African market, has raised $3.4 million in a pre-seed funding round, co-led by TLcom Capital and 4DX Ventures with inclusion from Golden Palm Investments, Lateral Capital, Ke…
Read more »17 November 2020
London, 17 November 2020 – Development Partners International (“DPI”) through its ADP III fund, CDC Group, the UK’s publicly owned impact investor, and the European Bank for Reconstruction and Development (“EBRD”) have joined forces in a ground-breaking d…
Read more »10 November 2020
Development Partners International (“DPI”), a leading pan-African private equity firm with $1.7 billion in assets under management, is pleased to announce the election of three new professionals to its Partnership. The election of Babacar Ka, Takudzwa Mu…
Read more »10 November 2020
BlueOrchard Finance Ltd (BlueOrchard), a leading impact investment manager and member of the Schroders Group, is pleased to announce the launch of the “BlueOrchard Covid-19 Emerging and Frontier Markets MSME Support Fund”. The Fund is backed by prominent …
Read more »09 November 2020
As growth prospects for private higher education in Africa continue to expand, pan-African alternative investment firm, EXEO Capital (EXEO), together with Stellenbosch Graduate Institute (SGI) – a specialist provider of online higher education – have anno…
Read more »09 November 2020
Ginger Group, French leader in prescription engineering, announces the acquisition of Hydrosol Fondations, the Tunisian number one in geotechnical and foundation engineering, in which it owned already 30% of the shares.The company Tuninvest Sicar (Africin…
Read more »03 November 2020
The Board of the Public Investment Corporation (PIC) has confirmed the appointment of Mr Vuyani Hako as the new Chief Operating Officer (COO) for the PIC, effective from 1 November 2020. Until now Mr Hako was the PIC’s Executive Head for Properties and h…
Read more »01 November 2020
INVITATION TO SUBMIT AN EXPRESSION OF INTEREST (EOI) for AIF CONSULTANT POOL:Service Providers for Financial, Legal, and Other Consulting Services Alitheia IDF is calling for interested individuals and organisations to submit profiles in order to form th…
Read more »28 October 2020
Antananarivo – AXIAN commits to the African Development Partners III (ADP III) investment fund managed by Development Partners International (DPI). DPI is one of the leading private equity firms devoted to and investing across Africa. AXIAN JOINS ADP III…
Read more »27 October 2020
CDC Group, the UK’s development finance institution and impact investor, has announced an additional US$40 million equity investment into Liquid Telecom, Africa’s largest independent fibre, data centre and cloud technology provider. This marks CDC’s secon…
Read more »26 October 2020
Malta. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce that Albert Alsina, the company’s founder and long-time CEO, has launch…
Read more »26 October 2020
Swedfund, the Swedish Development finance institution, is pleased to announce its investment in Kasha Global, a Femtech [1]e-commerce platform with subsidiaries in Rwanda and Kenya. Kasha’s platform enables access, education and confidential distribution …
Read more »19 October 2020
After building SN Power into a leading hydropower company in developing countries, Norfund sells all the shares to Norwegian energy developer Scatec Solar for 1,17 billion dollars. Norfund (Norway’s development finance institution) has, as owner of SN P…
Read more »16 October 2020
The AfricaGrow fund of funds, launched by Allianz Global Investors, has committed EUR 15 million to the Cathay AfricInvest Innovation Fund ("CAIF"), managed by AfricInvest. AfricaGrow, which is the product of a public-private cooperation between KfW Entw…
Read more »16 October 2020
RENEW is pleased to announce the following position changes at RENEW: Paul Reynolds joins RENEW’s executive team as a managing partner in Addis Ababa, Ethiopia. Kirsten Newman has been promoted to the general counsel position. Tom Scriven, RENEW’s pa…
Read more »14 October 2020
Cape Town, 14 October, 2020: Phakwe Group, with the support of African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments, has achieved …
Read more »12 October 2020
London, Johannesburg, 12 October 2020. Actis, a leading investor of private capital into global emerging markets, announced today that it has entered into agreements to acquire a controlling interest in Octotel, a fibre-to-the-home operator in South Afric…
Read more »09 October 2020
Today the Supervisory Board of FMO announced the appointment of Linda Broekhuizen as interim CEO. Broekhuizen has been part of FMO’s Management Board as Chief Investment Officer for almost seven years. Her current role will be fulfilled by Huib-Jan de Rui…
Read more »08 October 2020
Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth private equity fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in African funds dedicated to start-ups and small and medium-size…
Read more »05 October 2020
The Emerging Africa Infrastructure Fund (EAIF/the Fund), managed by Ninety One, has loaned US$40 million over 10 years in a debt package of US$100 million raised by the West Indian Ocean Cable Company (WIOCC). The new finance is part of the company’s corp…
Read more »02 October 2020
This major operation illustrates Proparco’s firm commitment to the African private sector amid current COVID-19 crisis and economic turmoil, with a particular focus on job-creating SMEs, as part of the French initiative Choose Africa, and on projects with…
Read more »01 October 2020
Easy Solar, a leading solar company in West Africa, announced today the closing of a USD 5mln round of funding including a USD 3mln Series A Equity round led by global impact investor Acumen and FMO, the Dutch entrepreneurial development bank, in additio…
Read more »01 October 2020
Lorax Capital Partners (LCP)'s LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt, has reached a USD 140 million first close. The European Investment Ban…
Read more »30 September 2020
Championing economic opportunities for women in Africa – Development Partners International’s (DPI) latest fund to become the first 2X Flagship Fund - DPI’s African Development Partners III Fund (“ADP III”) has been chosen as the first 2X Flagship Fund,…
Read more »29 September 2020
Inside Capital Partners is thrilled to announce the merger of Kalulushi Clay Bricks with Beta Holdings Limited in order to create a Regional building materials Champion. Lusaka, Zambia, September 25 2020 KCB (“KCB”) is Zambia’s oldest and largest cla…
Read more »28 September 2020
CDC Group, the UK’s publicly owned impact investor, has signed a memorandum of understanding with the Nigeria Sovereign Investment Authority (NSIA). The strategic investment partnership is designed to facilitate long-term inclusive growth and encourage pr…
Read more »22 September 2020
NAIROBI, Kenya--(BUSINESS WIRE)--Greenlight Planet Inc., the largest provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing bu…
Read more »16 September 2020
Helios Investment Partners (“Helios” or the “Firm”) is pleased to announce the launch of Africa Specialty Risk Group (“ASR”) in partnership with Mikir Shah, former CEO of AXA Africa Specialty Risks, and Bryan Howett, former CEO of Old Mutual’s pan-African…
Read more »08 September 2020
Singapore/London, 8 September 2020 - Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off. The latest Series B funding round sees Africa-focused Helios Investment…
Read more »07 September 2020
BIMA secures $30m to drive mass adoption of digital health and insurtech solutions in emerging markets New investments from CreditEase, Allianz X and LeapFrog will drive product innovation and deepening footprint in Africa and Asia. Company will buil…
Read more »07 September 2020
FMO has signed a $10mn commitment to XSML's latest private equity fund. XSML was co-founded by two former FMO employees and today manages two private equity funds in Central Africa: the Central Africa SME Fund and African Rivers Fund I. Both funds are…
Read more »03 September 2020
Today Swedfund announces an investment of USD 10m in African Rivers Fund 3 (ARF 3), together with IFC (International Finance Corporation), the Dutch development bank FMO, BIO (Belgian Investment Company for Developing Countries) and DGGF (Dutch Good Growt…
Read more »01 September 2020
Best Health is a Moroccan specialist in the distribution and instalment of medical equipment for hospitals and clinics in Morocco and Tunisia, and portfolio company of Amethis Maghreb Fund I. In July 2020, the Group finalized the acquisition of Mabiotech,…
Read more »01 September 2020
Metier, through its most recent Sustainable Capital Fund, has made a substantial investment into Broadreach Energy in a landmark renewable energy sector transaction.The transaction is centred around Broadreach Energy’s existing commercial, industrial and …
Read more »01 September 2020
Leading African law firms, Bowmans and Udo Udoma & Belo-Osagie (UUBO), have announced that they are taking a major step forward in collaborating to support clients across the continent. From 1 September 2020, Bowmans and UUBO have entered into a form…
Read more »31 August 2020
Energy Access Ventures (EAV) is pleased to announce a follow-on investment in Solarise Africa, a pan-African clean energy and energy efficiency leasing company. The round was led by French development finance institution, Proparco, which invested the USD …
Read more »28 August 2020
CDC Group, the UK’s publicly owned impact investor, has announced a further US $12 million commitment to Miro Forestry, a sustainable forestry and timber business with plantations in Ghana and Sierra Leone. This fundraising round, which includes participa…
Read more »25 August 2020
SparkMeter, a provider of grid management services, equipment, and software solutions that increase access to reliable electricity in underserved communities across Africa, Asia and the Americas, announced today the closing of an $12 million Series A fina…
Read more »20 August 2020
Long-term financing totalling USD 85 million arranged for First National Bank Ghana Many developing countries are suffering from the economic consequences of the COVID-19 pandemic. As a result, small and medium-sized enterprises (SMEs) in particular are …
Read more »18 August 2020
Helios Investment Partners is pleased to announce the appointment of Phil Davis as Director of Environmental, Social & Governance (ESG). Phil is a leader in his field with over 14 years of experience, most recently as Head of Sustainability, EMEA at T…
Read more »14 August 2020
IHS Holding Limited (“IHS Towers” or “IHS”) today announced that it is exploring a potential registered initial public offering in the United States. The timing, number of shares to be offered and price range of the proposed offering have not yet been det…
Read more »14 August 2020
Sahel Capital, fund manager for the Fund for Agricultural Finance in Nigeria (“FAFIN”), is pleased to announce the appointment of Mr. Deji Adebusoye to the role of Principal with Sahel Capital Agribusiness Managers Limited. Deji joined Sahel Capital in 2…
Read more »12 August 2020
Helios Investment Partners's portfolio Helios Towers , the independent telecommunications infrastructure company, has signed an agreement with Free Senegal – the second largest mobile operator in Senegal backed by a consortium of investors including NJJ, …
Read more »11 August 2020
The Egyptian digital payment provider Paymob founded by Islam Shawky, Alain El Hajj and Mostafa El Menessy, announced that it has raised US$3.5 million investment standing on its tremendous market positioning and performance. Led by Global Ventures and th…
Read more »11 August 2020
Verod Capital Management Limited (“Verod” or “Verod Capital”) today announced the completion of the acquisition of 100% of AXA Mansard Pensions Limited (“the Company”), a licensed pension fund administrator that offers retirement savings accounts and pens…
Read more »10 August 2020
CDC Group, the UK’s impact investor and development finance institution, has today announced the appointment of Sherine Shohdy as its new Coverage Director for Egypt. In this new role, Sherine will focus on building more partnerships with local businesses…
Read more »07 August 2020
PROPARCO is supporting Kenya Nut Company with a USD 18.7m loan. This family-run business has diversified its activity and has been operating in the nut sector (macadamia and cashew nuts) in Kenya for over 40 years. This thriving business sources from over…
Read more »03 August 2020
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF), has announced that it is progressing its due diligence as the sole lender to a €36 million, 25MW natural gas-fuelled power station project, to be buil…
Read more »03 August 2020
African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments and Africa’s most experienced infrastructure manager, has appointed two joint-managing directors to be based in Cape Town and Lagos, following the retirement…
Read more »01 August 2020
Africa Foresight Group (AFG), the first and largest network of freelance management consultants in Africa, announced today that they have raised over $700,000 in a seed round, led by Consonance Investment Managers and GFH Holdings. Consonance Investment …
Read more »29 July 2020
FMO has approved the commitment of US$10mn into Eco.business II Sub-Fund (EBF II). To find out more, please click here.
Read more »23 July 2020
LeapFrog Investments Makes Three Leadership Appointments, Following Record Fundraise Experienced leaders will drive strong returns and governance for the leading impact investor LeapFrog Investments, the Profit with Purpose investment group whose compan…
Read more »20 July 2020
Today it was announced that Feronia Inc, the Canadian stock market listed agribusiness in which CDC has a 41 per cent stake, had agreed to sell its equity interest in Plantations et Huileries du Congo (“PHC”) to KKM, a long-term shareholder in Feronia. PH…
Read more »20 July 2020
IFC, a member of the World Bank Group, is providing a loan of up to US$50mn to Access Bank Plc to help the bank increase liquidity to thousands of small and medium-sized enterprises (SMEs) in Nigeria which are navigating the economic challenges of COVID-1…
Read more »16 July 2020
IFC, a member of the World Bank Group, today announced a US$12mn loan to Rider Iron and Steel Ghana Limited to support the company’s construction of a steel manufacturing plant that will increase Ghana’s domestic steel production, creating thousands of di…
Read more »14 July 2020
FMO signed a USD 7.5 million investment in Komaza Group Inc., as part of a USD 28 million series B round with Novastar Ventures East Africa Fund, AXA Investment Managers (through the AXA Impact Fund: Climate & Biodiversity) and Mirova’s Land Degradati…
Read more »13 July 2020
Verod Capital Management Limited (“Verod”), a leading West African private equity firm, today announced the hiring of Wale Odusanya as a Vice President in its Lagos office and a Senior Deal Maker on its Investment Team. Wale joins Verod from Stanbic IB…
Read more »13 July 2020
Verod Capital Management Limited (“Verod”) is pleased to announce the appointment of Yanish Bondahjagalu as Chief Funds Operations Officer for the Group. Yanish is based in Verod’s Mauritius Office and is responsible for operating Verod’s funds in a…
Read more »13 July 2020
IFC, a member of the World Bank Group, today announced a EUR25mn, one-year senior loan to NSIA Banque Côte d’Ivoire (NSIA), allowing the bank to extend new trade-related or working capital loans to companies whose cash flows have been disrupted by the Cov…
Read more »10 July 2020
Transformational transaction creating the premier pan Africa-focused alternative investment manager – Helios Fairfax Partners Corporation Helios Fairfax Partners Corporation to become the leading pan-Africa focused listed alternative asset manager with…
Read more »08 July 2020
IFC, a member of the World Bank Group, today announced a US$5.2mn loan to Nyaho Medical Centre to support the Ghanaian health care provider’s expansion outside Accra and the upgrade of its existing hospital so it can better serve its patients. IFC’s lo…
Read more »07 July 2020
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) is to invest up to XOF*29.5bn (US$50mn equivalent) in a bond issue that aims to raise XOF100bn (US$170mn) for investment in the Senegal busine…
Read more »07 July 2020
Establishes stronger partnership with premier African private equity manager and presents an opportunity to collaborate on co-investment opportunities Supports efforts to mobilise capital to African businesses and continued investment in companies acro…
Read more »05 July 2020
IFC, a member of the World Bank Group, today announced a loan of up to US$100mn to Commercial International Bank (CIB), Egypt’s largest private bank, to help the bank increase support to clients and companies whose cash flows have been disrupted by the CO…
Read more »02 July 2020
LeapFrog Strategic Africa Investments (LSAI) are pleased to announce that they have entered into an agreement with ICEA LION Insurance Holdings Limited (ICEA LION Holdings) which, subject to various regulatory approvals and other conditions precedent, wil…
Read more »02 July 2020
Honoris United Universities, Africa’s first and largest pan-African network of private higher education institutions, today announced its expansion into West Africa by welcoming Nile University of Nigeria, known for its strong academic credentials and…
Read more »02 July 2020
CDC Group and Finnfund today announce a US$70mn commitment to AfricInvest Fund IV, a generalist pan-African fund aiming to foster the growth of African enterprises across the continent. CDC, the UK’s impact investor and development finance institution, co…
Read more »30 June 2020
IFC, a member of the World Bank Group, IFU, the Danish Investment Fund for Developing countries, and PROPARCO, member of the Agence Française de Développement (AFD) group, are providing an equity financing package of up to US$108.5mn to Humania, a priva…
Read more »30 June 2020
IFC, a member of the World Bank Group, today announced a US$185mn loan to The Standard Bank of South Africa Limited (SBSA) to help it expand its COVID-19 lending program to small and medium-sized enterprises (SMEs) and corporates affected by the pandemic.…
Read more »26 June 2020
IFC approves US$25mn investment into Lorax II fund. To read more, please click here. -END-
Read more »25 June 2020
A large number of companies issue bonds as a source of financing, giving them access to national and international capital markets. The outbreak of the COVID-19 pandemic brought the issue of new corporate bonds, particularly by issuers from emerging marke…
Read more »25 June 2020
Through a US$30mn investment in the first close of AfricInvest’s new multisector private equity fund, Proparco will support the development of strong local and regional consumer-driven businesses across Africa. AfricInvest is one of the pione…
Read more »25 June 2020
IFC, a member of the World Bank Group, is providing EUR10mn in financing to Tunisian date processing company VACPA, part of an effort to preserve jobs, especially for women, amid the COVID-19 pandemic.The company, the country’s largest exporter of dates, …
Read more »23 June 2020
The success of the HTA bond issue demonstrates the value of the EAIF/PIDG business model in African economic development,” says EAIF fund managers The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Gr…
Read more »23 June 2020
In line with its vision to better manage the environment and support the socio-economic uplifting of the Region where it operates, Inside Equity Fund has committed to invest US$2.75mn in Alpha to finance the doubling of its waste collection and processing…
Read more »21 June 2020
IFC, a member of the World Bank Group, is investing up to US$10mn in a local Egyptian company to help it expand installation of digital prepaid and smart electricity meters in Egyptian homes. The investment will support government energy reforms to improv…
Read more »18 June 2020
Like many cities in Sub-Saharan Africa, Douala, the economic capital of Cameroon (4 million inhabitants), is experiencing rapid population growth, especially among the middle class, and a strong urban transformation. Changes in consumer habits and the i…
Read more »16 June 2020
IFC, a member of the World Bank Group, today announced a loan of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic.IFC’s loa…
Read more »16 June 2020
New financial center designed to support inward investment into Africa CDC to play key advisory role in creating new legal framework for financial hub CDC Group, the UK’s development finance institution and impact investor, today signed a pa…
Read more »12 June 2020
CDC Group, the UK’s impact investor and development finance institution, has today announced the appointment of Alexandra Maddy as its new Head of Business Integrity. In this role Alexandra will be responsible for enhancing investees’ business integrity s…
Read more »10 June 2020
Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to corporates that employ a large number of people. Sanlam has committed R2.25bn of its own capital to…
Read more »08 June 2020
This operation is Proparco's first mezzanine transaction in Ethiopia and will support job creation, the development of local agribusiness, import substitution and economic growth in the country. Proparco and Ethos Mezzanine Partners have announced a …
Read more »08 June 2020
Firms see the investment community as having a key role to play in post-COVID economic recoveryJSE- and LSE-listed investment manager Ninety One has launched an impact investment initiative – the Ninety One SA Recovery Fund, in association with Ethos Priv…
Read more »05 June 2020
On World Environment Day, FMO proudly presents its recent transaction with Miro Forestry, one of the largest forestry plantations in West-Africa. With this financing, Miro will expand its planted area, and set-up its plywood and pole production facilit…
Read more »04 June 2020
IFC, a member of the World Bank Group, has invested up to US$30mn in AfricInvest Fund IV. Read more.
Read more »04 June 2020
Projects support developing countries reeling from COVID-19 and include first transactions using equity and technical assistance The U.S. International Development Finance Corporation (DFC) Board of Directors has approved US$1bn of investments that will …
Read more »02 June 2020
EIB approves debt investment of US$10mn into the InsuResilience Investment Fund managed by Blue Orchard. Read more
Read more »02 June 2020
Àrgentil Capital Partners (“Àrgentil”) has provided additional debt and equity investment to support its portfolio company, Tempohousing Nigeria Limited (“THN”) which specialises in developing flexible and affordable residential and commercial spaces usin…
Read more »01 June 2020
The current COVID-19 pandemic sweeping the globe is not stopping leading African law firm, Bowmans, from moving forward. Less than a year after it announced it was opening a new office in Mauritius and entering into an alliance with Assefa & Associat…
Read more »01 June 2020
The deal is one of the first investments under CDC’s Venture Scale-up Programme mPharma aims to dramatically reduce the cost of essential medicines in Africa, making quality healthcare affordable and accessible to all consumers in Africa To …
Read more »26 May 2020
The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcar…
Read more »22 May 2020
In order to support small and medium-sized companies following the Covid-19 outbreak the Swedish Development Finance Institution, Swedfund, now increases the liquidity available to these companies by lending 5 million EUR to Platcorp, a financial institut…
Read more »22 May 2020
Pearl Capital Partners, which manages the Yield Uganda Investment Fund, has made a seventh investment of UGX 4.6bn (ca. US$ 1.2m) in Naseco (1996) Limited (NASECO). NASECO, which has had operations for over 20 years, produces, processes and distributes ce…
Read more »22 May 2020
Malta. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces the acquisition of MetaMed, the largest platform of Diagnostic Imaging centres in Egypt, …
Read more »21 May 2020
Africa’s agricultural output is much lower than its potential. Africa has a quarter of the world’s agricultural land but produces less than a tenth of its food. In comparison, China has 10% of the agricultural land and produces 20% of the world’s food sup…
Read more »21 May 2020
RENEW and the Impact Angel Network Make Follow-on Investment in Ethiopia’s #1 Online Food Delivery Company in Response to Spike in Demand Due to COVID-19 Members of RENEW's Impact Angel Network (IAN) have funded a third investment in Roadrunner Technol…
Read more »21 May 2020
DPI completes its second investment from African Development Partners III (“ADP III”) SICAM represents ADP III’s first investment in Tunisia, and one of the largest Private Equity transactions ever undertaken in the country Tunisia is the largest cons…
Read more »20 May 2020
Actis, a leading investor of private capital into global emerging markets, announced today that it has exited its majority stake in GHL Bank, a full-scale commercial bank in Ghana, to First National Bank Ghana, a 100% subsidiary of FirstRand Group. Actis …
Read more »18 May 2020
The loan strengthens FMO’s presence among financial institutions in francophone Africa, increasing access to finance for MSMEs FMO is pleased to announce the recent closing of multiple transactions to microfinance group Compagnie Financiere Africaine (CO…
Read more »18 May 2020
Cepheus Growth Capital Partners (“Cepheus Capital”) is pleased to announce an investment into East African Lion Brands Manufacturing Share Company (“Lion Brands”), one of Ethiopia’s leading domestic manufacturers of fast moving consumer goods (“FMCG”) pro…
Read more »14 May 2020
Alongside Rand Merchant Bank Ventures (“RMBV”) and other shareholders, Ninety One, via its Africa Private Equity Fund 2 (“91APEF2”), has sold a portion of its equity investment in Kamoso Africa (“Kamoso”) to the Botswana Development Corporation (“BDC”). …
Read more »11 May 2020
Convergence Partners announced that its pan- African digital service provider platform, inq. Holdings Limited (formerly Synergy Communications), has completed the 100% acquisition of Vodacom Business Africa’s operations in Nigeria, Zambia and Cote d’Ivoir…
Read more »08 May 2020
The Open Society Economic Justice Program, via its impact investing arm, the Soros Economic Development Fund (SEDF), has committed $15 million to two women-led investment funds that advance economic and gender equity. These investments—US$10mn in Alithei…
Read more »08 May 2020
The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund (CTF(link is external)), one of two funds within the Climate Investment Funds (CIF), to extend a US$10mn concessional senior loan for the develop…
Read more »05 May 2020
ECP portfolio company Mukuru, an international money operator and remittance company, has acquiredZoona Malawi’s operational assets along with the technology systems that support its Malawian operations. Zoona, which has worked with Mukuru for four yea…
Read more »05 May 2020
African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers, announces the successful divestment of AIIF2’s 14% stake in Cookhouse, a 139MW wind farm, and 34% stake in…
Read more »30 April 2020
Through a US$20mn equity investment in the SPE AIF I investment fund, Proparco supports SMEs undergoing periods of strong growth or transition, in the industrial, health and education sectors in Egypt, Morocco and Tunisia. SPE AIF I is a private equi…
Read more »29 April 2020
Àrgentil Capital Partners (“Àrgentil”) is providing support to a number of initiatives to help with the healthcare emergency created by the COVID-19 pandemic. This has seen us provide financial resources to pay for a full complement of medical staff at on…
Read more »27 April 2020
Nigerian fintech platform Okra has secured a US$1mn pre-seed fundraise from TLcom Capital, strengthening its push to build the infrastructure for Africa’s next wave of fintech innovation. With the first API in Africa to retrieve real-time financial data f…
Read more »24 April 2020
Standard Bank has acquired a 40% stake in the digital fuel management solutions and telematics company Payment24 Group. Payment24 Group is a technology development firm that supports companies with large fleets. Launched just over five years ago to fill …
Read more »22 April 2020
Phatisa Food Fund 2 (PFF 2) and a group of co-investors – Norfund, Mbuyu Capital and DEG – have acquired integrated agricultural solutions provider Farming and Engineering Services Limited (FES). The investment will support FES’s long term growth strategy…
Read more »21 April 2020
Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa announces it has reached a EUR286 million final closing for its third fund for Africa, Mediterrania Capital…
Read more »21 April 2020
NASIRA financial program receives EUR25 million top-up from the European Fund for Sustainable Development The European Commission together with FMO, the Dutch entrepreneurial development bank, scaled up the NASIRA financial guarantee to support small COV…
Read more »20 April 2020
Equity capital for local firm Naivas DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is investing in a leading Kenyan supermarket chain. Naivas Limited (“Naivas”) operates more than 60 stores in Kenya, of which half are in the Greater Nairo…
Read more »17 April 2020
In the fertile soil region of Embu on the slopes of Mount Kenya, northeast of Nairobi, German-Kenyan company Limbua produces organic macadamia nuts of the highest quality. In the next two years, the company is planning to double its annual throughput for…
Read more »13 April 2020
IFC, a member of the World Bank Group, is investing up to US$20mn into a newly independent, institutionalized private equity fund manager operating in MENA, to help small and mid-cap companies in the region improve their access to institutional capital an…
Read more »10 April 2020
The Board of Directors of the African Development Bank has approved a US$10mn equity investment in Razorite Healthcare Africa Fund 1 (RHAF1) to help improve healthcare infrastructure delivery across the continent. The 10-year deal, approved on 26 Februar…
Read more »10 April 2020
SPE Capital Partners (“SPE Capital”) is pleased to announce the acquisition of Saham Pharma (“Saham Pharma”), a leading antibiotics manufacturer and major hospital provider in Morocco, alongside Proparco as a minority investor. The acquisition constitutes…
Read more »08 April 2020
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and wil…
Read more »06 April 2020
Kibo Capital Partners is proud to announce that it has acquired a majority stake in a tertiary education group, Transcom S.A. This marks Kibo’s eleventh and final deal from its second fund. The capital will go towards the construction of a new campus ena…
Read more »03 April 2020
DEG has announced its investment of US$40mn into Kenyan agricultural commodity trader and supply chain manager ETC Group. To find out more, please click here.
Read more »01 April 2020
Adenia is pleased to announce that it has finalized the sale of the 95% equity stake held by Adenia Capital (III) in Mauvilac to AkzoNobel, the third largest paint manufacturer worldwide. Mauvilac is the leading paint and coatings manufacturer in Mauritiu…
Read more »01 April 2020
IFC, a member of the World Bank Group, today announced a US$2.5mn investment in New Crystal to support the expansion of the private healthcare group, which provides high-quality medical services to lower-middle-income and low-income patients and families …
Read more »30 March 2020
FMO has committed US$25mn into DPI's African Development Partners III fund. To read more, please click here.
Read more »27 March 2020
The Board of Directors of the African Development Bank Group has approved a US$8.25 mn corporate loan to Olivine Industries Limited to support the company’s food production expansion plan in Zimbabwe. The Bank’s loan, approved on Wednesday, will enable t…
Read more »26 March 2020
The Emerging Africa Infrastructure Fund (EAIF) today became the 34th development finance institution to join IFC’s Master Cooperation Agreement, making it easier for the two institutions to collaborate on expanding private sector investments in African an…
Read more »19 March 2020
Funding enables the ongoing expansion of CrossBoundary Energy’s Commercial & Industrial solar services and is first stage of larger transaction to scale solar for businesses across Africa CrossBoundary Energy is currently operating or delivering mo…
Read more »18 March 2020
Tembo Power and Metier have signed a Joint Development Agreement to bring the Kaptis hydropower project in Kenya through to financial close and construction in 2020 Tembo Power has signed a Joint Development Agreement with Metier, an independently owned …
Read more »17 March 2020
AfricInvest, a leading Pan-African private equity platform, is pleased to announce that its AfricInvest Financial Inclusion Vehicle (FIVE) has acquired a minority shareholding in I&M Bank (Rwanda) Plc (the Bank) through AfricInvest Evergreen Investmen…
Read more »16 March 2020
The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the Facility for Energy Inclusion or FEI. FEI is a targeted $400 million fund to …
Read more »12 March 2020
The Board of Directors of the African Development Bank approved, Thursday, March 11 in Abidjan, a stake of EUR12mn in the capital of the Yeelen fund dedicated to the financial sector. Yeelen Financial Fund LP is a 12-year investment fund domiciled in Mau…
Read more »11 March 2020
Emerging Capital Partners (ECP) announces that portfolio company Eranove has signed a financing agreement for a 390 MW combined cycle power plant in Côte d’Ivoire. Eranove, the Pan-African utilities group, signed the EUR303mn financing agreement with Inte…
Read more »06 March 2020
The financing of a new 390MW natural gas-fired power plant for Côte d’Ivoire was announced this week. EAIF has contributed EUR36mn to a EUR303mn financing packaging, which was arranged by the International Finance Corporation (IFC), to build the new Atink…
Read more »03 March 2020
TerraPay announced today that a consortium of investors, including Prime Ventures, Partech Africa and management acquired the company for an undisclosed sum. In addition, the same investors, joined by IFC, invested US$9.6 mn in TerraPay to fund the compan…
Read more »02 March 2020
Tangerine Life Insurance Limited (“Tangerine Life”), supported by leading West-African private equity firm Verod Capital Management Limited (“Verod”), today announced its acquisition of a majority stake in ARM Life Insurance Plc (“ARM Life”). The acquisi…
Read more »27 February 2020
Amethis, alongside its partners DEG, MCB Equity Fund and IFC, a member of the World Bank Group, is pleased to announce its partnership with Naivas. The transaction marks the acquisition of a minority equity stake into the Naivas Group. Naivas is the lead…
Read more »27 February 2020
Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa announces the appoin…
Read more »24 February 2020
Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that its portfolio companies managed by MC II and MC III funds achieved 25% EBITDA year-on-year …
Read more »20 February 2020
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 InteliChem, a leading provider of crop protection solutions, specialised plant nutrition…
Read more »19 February 2020
Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that it has been granted an AIFM (Alternative Investment Fund Manager) Licence under the Directi…
Read more »17 February 2020
Metro Plastics Kenya has 36 years’ experience in fittings and pipes manufacturing Ascent has previously invested in Auto Springs East Africa based in Limuru and Kisumu Concrete Products a leading Western Kenya-based concrete products maker Ascent Ri…
Read more »17 February 2020
IFC, a member of the World Bank Group, is the lead arranger for an Islamic financing package of up to US$125 million to Humania, a private healthcare company, to help expand health services and improve medical care in Morocco and Egypt.IFC will provide Hu…
Read more »17 February 2020
FMO recently invested US$ 2.8mn into Acumen’s Pioneer Energy Investment Initiative (PEII), surpassing the PEII’s goal of raising US$20mn to bridge the funding gap in off-grid energy and accelerate energy access across the developing world. With the PEII,…
Read more »11 February 2020
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), is lending EUR28 million to a EUR330 million expansion of the Azito Energie gas-fired power station in Côte D’Ivoire. Known as Azito 4, the ad…
Read more »06 February 2020
Encouraging further development of the African tech scene, the online software outsourcing Marketplace company Gebeya have secured a $2 Million dollar seed round investment co-led by Partech and Orange Digital Ventures and followed by Consonance Investmen…
Read more »06 February 2020
Kibo Capital Partners (KCP) today announced that its portfolio company Blowplast Limited (Blowplast), in partnership with Unilever and recycling company Mr Green Africa, has produced Kenya’s first fully recycled packaging solution. The packaging, produced…
Read more »05 February 2020
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments, has revealed that two-thirds of its AIIF3 fund is already committed to a div…
Read more »24 January 2020
IFC, a member of the World Bank Group, is providing US$24mn in financing, including a US$12mn C loan for IFC’s own account and a mobilization of a US$12mn B loan through IFC’s syndication program, to Zalar Agri, one of Morocco’s leading fruit producers, a…
Read more »23 January 2020
IFC, a member of the World Bank Group, today announced an investment of up to EUR050mn in Habesha Breweries S.C. to help the company expand operations in Ethiopia and increase local barley sourcing from smallholder farmers.The loan is co-funded by the Dut…
Read more »20 January 2020
Acorn Holdings Ltd., the largest Purpose-Built Student Accommodation property developer in Kenya, has dual-listed its KES 4.3 billion green bond program on the International Securities Market of the London Stock Exchange. The medium-term note (MTN) progra…
Read more »20 January 2020
At the UK-Africa Investment Summit, FSD Africa Investments has today announced US$3.2 million in investments into MFS Africa and Frontclear, two leading companies transforming Africa’s financial sector. MFS Africa, a leading pan-African fintech company o…
Read more »20 January 2020
CDC Group plc (“CDC”), the UK’s development finance institution and impact investor, has announced a EUR25mn commitment to Mediterrania Capital Partners III (MCP III), a generalist fund primarily targeting investments in North Africa. North Africa is hom…
Read more »20 January 2020
CDC Group, the UK’s development finance institution and impact investor, has made a US$20mn commitment to the Metier Sustainable Capital II fund. The South African private equity fund will provide growth capital to renewables and resource efficiency proj…
Read more »20 January 2020
CDC Group, the UK’s development finance institution and impact investor, has committed US$15mn to TLcom’s TIDE Africa Fund to support early-stage high-growth start-ups across sub-Saharan Africa (SSA). With a presence in the key financial hubs of Lagos an…
Read more »20 January 2020
CDC Group, the UK’s publicly owned impact investor, has announced the commitment of US$39.2 million to support SMEs in West Africa. CDC is backing Verod Fund III and Adiwale Fund I, West-African based private equity funds targeting SMEs in the region, wit…
Read more »20 January 2020
The Sovereign Fund of Egypt (TSFE) and Actis, a UK based leading emerging markets investor, have signed an MOU relating to strategic cooperation across multiple sectors in Egypt. The signing took place during the UK-Africa Investment Summit witnessed by D…
Read more »17 January 2020
With the support of the European Union (EU), PROPARCO invests US$3mn equity in RENSOURCE (Holdings), a key player in the renewable energy sector in Nigeria. This is the first investment made by Proparco in partnership with the EU under the Africa Renewa…
Read more »17 January 2020
VerifyMe Nigeria, an ID verification and KYC technology company, announced today it has secured a Series A financing for an undisclosed amount from Consonance Investment Managers. The funds will be used to expand strategic partnerships and bring new digi…
Read more »16 January 2020
African Infrastructure Investment Managers (AIIM) has acquired minority interests in gas assets in Nigeria majority-owned by Savannah Petroleum Plc. This comprises a 20% stake in Seven Uquo Gas Limited, the entity that holds a 40% participating interest …
Read more »15 January 2020
Through a US$10mn commitment to Metier Sustainable Capital International Fund II, Proparco will continue its support of renewable energy, resource efficiency and energy efficiency projects in Africa. South Africa-based investment manager Meti…
Read more »14 January 2020
AfricInvest, a leading Pan-African private equity platform, is pleased to announce its new partnership with Masria Digital Payment (“MDP” or “the Company”) through its Maghreb Private Equity Fund IV. Established in 2003 as Masria Card S.A.E, MDP is the l…
Read more »14 January 2020
IFC, a member of the World Bank Group, is signing memoranda of understanding (MoUs) with two Tunisian start-up accelerators today to help unlock the potential of innovative entrepreneurship in the country, with a focus on women-led start-ups and creating …
Read more »13 January 2020
Helios Investment Partners becomes the largest emerging markets-focused PE firm globally to receive B Corp certification B Corp status recognizes the firm’s long-standing commitment to sustainability and responsible business practices The B Corp cer…
Read more »07 January 2020
The Board of Directors of the African Development Bank has approved a US$20mn investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Af…
Read more »06 January 2020
AfricInvest, a leading pan-African private equity platform, is pleased to announce that its Maghreb Private Equity Fund III (MPEF III) has exited from its investment in Polymedic, a leading generics manufacturing company headquartered in Casablanca, Moroc…
Read more »20 December 2019
FMO has approved a US$5.8mn equity investment into Greenlight Planet's Building Prospects fund. To find out more, please click here. -END-
Read more »20 December 2019
FMO has approved a US$15mn equity investment into the Metier Sustainable Capital Fund II. To find out more, please click here.
Read more »19 December 2019
CDC Group, the UK’s development finance institution, has today announced its decision to sell its remaining 9.97% stake in DFCU Limited (“DFCU”). The shareholding is being sold to IFU, the Danish development finance institution. CDC made its first inves…
Read more »16 December 2019
Metier has received US$113mn in commitments and has called the first close of its second Sustainable Capital Fund, MSC II. The fund will strengthen renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. “MSC II…
Read more »
AVCA is delighted to invite you to attend the Africa Investment Conference tomorrow Wednesday, 20th January 2021.… https://t.co/RV64FJxbug
AVCA Newsletter out now! Bi-monthly African PE & VC news, research, events, training and more Read here:… https://t.co/KbqI0eQWpQ
AVCA & OBG launch PE & VC in Africa Covid-19 Response Report We are pleased to launch the 'Private Equity and Vent… https://t.co/qn309H36kJ
AVCA Newsletter out now! Bi-monthly African PE & VC news, research, events, training and more Read here:… https://t.co/e4K2mxPqA5
AVCA Newsletter out now! Bi-monthly African PE & VC news, research, events, training and more Read here:… https://t.co/JN3Ojijzfj
