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 »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
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 »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 »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 »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
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 »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 »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
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 »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 »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
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 »04 June 2020
IFC, a member of the World Bank Group, has invested up to US$30mn in AfricInvest Fund IV. Read more.
Read more »02 June 2020
Àrgentil Capital Partners (“Àrgentil”) has provided additional debt and equity investment to support its portfolio company, Tempohousing Nigeria Limited (“THN”) which specialises in developing flexible and affordable residential and commercial spaces usin…
Read more »01 June 2020
The deal is one of the first investments under CDC’s Venture Scale-up Programme mPharma aims to dramatically reduce the cost of essential medicines in Africa, making quality healthcare affordable and accessible to all consumers in Africa To …
Read more »01 June 2020
The current COVID-19 pandemic sweeping the globe is not stopping leading African law firm, Bowmans, from moving forward. Less than a year after it announced it was opening a new office in Mauritius and entering into an alliance with Assefa & Associat…
Read more »26 May 2020
The pressure on healthcare facilities is greatly increasing in developing countries as the Covid-19 virus spreads. Based on long experience of working with sustainable investments in developing countries Swedfund supports different actors in the healthcar…
Read more »22 May 2020
Malta. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces the acquisition of MetaMed, the largest platform of Diagnostic Imaging centres in Egypt, …
Read more »22 May 2020
Pearl Capital Partners, which manages the Yield Uganda Investment Fund, has made a seventh investment of UGX 4.6bn (ca. US$ 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
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 »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 »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
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 »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
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 »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 »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 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 »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 »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 »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 »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
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 »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 »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
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 »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 »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
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 »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 »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$9.6 mn in TerraPay to fund the compan…
Read more »02 March 2020
Tangerine Life Insurance Limited (“Tangerine Life”), supported by leading West-African private equity firm Verod Capital Management Limited (“Verod”), today announced its acquisition of a majority stake in ARM Life Insurance Plc (“ARM Life”). The acquisi…
Read more »27 February 2020
Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa announces the appoin…
Read more »27 February 2020
Amethis, alongside its partners DEG, MCB Equity Fund and IFC, a member of the World Bank Group, is pleased to announce its partnership with Naivas. The transaction marks the acquisition of a minority equity stake into the Naivas Group. Naivas is the lead…
Read more »24 February 2020
Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that its portfolio companies managed by MC II and MC III funds achieved 25% EBITDA year-on-year …
Read more »20 February 2020
Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from InteliChem, a leading provider of crop protection solutions, specialised plant nutrition…
Read more »19 February 2020
Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that it has been granted an AIFM (Alternative Investment Fund Manager) Licence under the Directi…
Read more »17 February 2020
FMO recently invested US$ 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 »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
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 »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
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 »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 »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
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 »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
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 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 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
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
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 »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 »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 »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
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 »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 »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$15mn equity investment into the Metier Sustainable Capital Fund II. To find out more, please click here.
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 »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 »
Hear @CDunbar1 City Treasurer of @PhiladelphiaGov and @BurbridgeChuck Executive Director of @ctpf_tweets discuss th… https://t.co/HlNalAsADC
42% of the total number of LPs included in VC deals in Africa between 2014-2019 were headquartered in North America… https://t.co/ILncShXj9q
@Proparco co-invests US$22mn into Ethiopian FMCG platform, Turaco. Read more: https://t.co/f3YigBYOvR
PE/VC fund managers, PE/VC investment firms and corporate venture firms accounted for 39%, 19% and 11% of investors… https://t.co/PIXoApbOEu
@deginvest_DE suscribes to bond issued by #HeliosTowers. Read more: https://t.co/57qJu6bhi8
