2020

IFC invests EUR10mn into Tunisian Date Exporter VACPA

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, …

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Proparco commits US$30mn into Africinvest Fund IV

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…

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DEG subscribes to bond issued by Helios Towers

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…

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Inside Capital Partners announces fifth investment

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…

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EAIF ANCHORS SUCCESSFUL BOND ISSUE BY AFRICAN TELECOMMUNICATIONS BUSINESS, HELIOS TOWERS

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…

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IFC Invests in Globaltronics to Help Expand, Improve Energy Efficiency in Egypt

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…

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Proparco co-invests in the development of the first green mall in Central Africa

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…

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CDC Group signs partnership memorandum with Rwanda Finance for the Development of the Kigali International Financial Center

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…

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IFC Provides Loan to Nigeria’s Zenith Bank to Support SMEs, Address Challenges Related to COVID-19

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…

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CDC Group appoints new Head of Business Integrity

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…

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Sanlam launches urgent job-preservation initiative in response to COVID-19

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…

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Ninety One launches South Africa Recovery Fund with Ethos Private Equity

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…

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Proparco co-invests in Ethiopian FMCG Platform

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 …

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FMO increases support for Miro Forestry on World Environment Day

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…

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AfricInvest recieves US$30mn commitment from U.S. International Development Finance Corporation

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 …

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IFC commits up to US$30mn to AfricInvest Fund IV

04 June 2020

IFC, a member of the World Bank Group, has invested up to US$30mn in AfricInvest Fund IV. Read more.

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Àrgentil’s follow-on investment in Tempohousing Nigeria Limited

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…

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CDC Group announces co-investment in mPharma under Venture Scale-Up Programme

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 …

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Bowmans expands into Malawi and Zambia

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…

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Swedfund supports healthcare actors in Nigeria, Madagascar and India with Covid-19 related emergency response

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…

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Mediterrania Capital Partners acquires MetaMed

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, …

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Pearl Capital Partners Invests UGX 4.6bn in NASECO

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…

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​Swedfund supports SMEs in East Africa with EUR5mn

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…

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DPI announces a US$56m investment into leading Tunisian tomato processing and agri-business, SICAM

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…

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RENEW Make Follow-on Investment in Ethiopia’s #1 Online Food Delivery Company

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…

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Flourish Ventures leads Series A round in Apollo Agriculture

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…

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Actis exits GHL Bank

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 …

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Cepheus Growth Capital Investment in Lion Brands

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…

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FMO collaborates with COFINA, one of the few home grown microfinance groups in Africa

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…

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Ninety One sells portion of private equity investment in Kamoso Africa

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”).  …

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Convergence Partners completes 100% acquisition of Vodacom's Africa operations

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…

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African Development Bank welcomes US$10mn Clean Technology Fund investment to diversify Ethiopia’s energy mix

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…

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Alitheia IDF receives US$10mn commitment from the Soros Economic Development Fund (SEDF)

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…

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African Infrastructure Investment Managers (AIIM) completes the exit of its flagship pan-African infrastructure fund’s (AIIF2) interests in South African renewable energy projects

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…

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Emerging Capital Partner’s Mukuru makes acquisition

05 May 2020

ECP portfolio company Mukuru​, an international money operator and remittance company, has acquired​Zoona​ Malawi’s operational assets along with the technology systems that support its Malawian operations. Zoona, which has worked with Mukuru for four yea…

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Proparco invests US$20mn in SPE AIF I fund to support SMEs in North Africa

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…

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Àrgentil Capital Partners backs the development of COVID-19 Mobile Testing Laboratories in Nigeria 

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…

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TLcom Invests US$1mn Pre-Seed Funding into Okra

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…

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Standard Bank takes 40% stake in Payment24

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 …

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Norfund, DEG and Partners acquire South African Agriculturual Solutions Provider

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…

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Lifeline for small COVID-19 affected entrepreneurs in Africa and EU Neighbourhood

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…

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Mediterrania Capital Partners reaches EUR286 million final closing for Mediterrania Capital III, its third fund for Africa

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…

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DEG financing for supermarkets in Kenya

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…

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DEG finances production of organic macadamia nuts from Kenya

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…

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IFC Invests in Private Equity Fund to Boost Growth in MENA Amid Economic Disruption

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…

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Proparco and SPE AIF I acquire Saham Pharma

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…

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African Development Bank Group approves US$10mn equity in Razorite Healthcare Fund for Africa

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…

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African Development Bank Group unveils US$10 bn Response Facility to curb COVID-19

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…

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Kibo Capital Partners acquires a majority stake in Transcom

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…

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DEG invests US$40mn into agricultural commodity trader and supply chain manager ETC Group

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.

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IFC invests US$2.5mn in New Crystal to Bring Affordable, High-Quality Healthcare to Ghanaians

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 …

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Adenia sells leading paint and coatings manufacturer in Mauritius

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…

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FMO Commits US$25mn to DPI ADP III Fund

30 March 2020

FMO has committed US$25mn into DPI's African Development Partners III fund. To read more, please click here.

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African Development Bank approves US$8.25 mn loan to food producer Olivine Industries

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…

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Emerging Africa Infrastructure Fund Adopts IFC Master Cooperation Agreement

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…

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CrossBoundary Energy receives US$16.5mn commitment from ARCH EM Partners

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…

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Tembo Power partners with Metier for the financing and construction of its first Kenyan hydropower plant

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 …

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AfricInvest partners with I&M Bank (Rwanda) Plc

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…

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The African Development Bank’s Facility for Energy Inclusion attracts US$160mn in commitments for small-scale renewable energy

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 …

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The African Development Bank enters the capital of the investment fund Yeelen Financial Fund LP

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…

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ECP announces portfolio company Eranove signs EUR303mn financial agreement

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…

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EAIF’s €36mn loan to the new Atinkou power station in Côte d’Ivoire is boost for growing economy

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…

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Fintech TerraPay raises $9.6 million from IFC and Partech

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…

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Verod backed Tangerine acquires ARM Life Plc

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…

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Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability

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…

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Amethis acquires a minority stake in the Naivas group, the Kenyan leading retailer.

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…

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Mediterrania Capital Partners’ portfolio EBITDA grows 25% YOY

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 …

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Agri-Vie exits stake in Intelichem

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…

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Mediterrania Capital Partners is granted the EU’s AIFM Licence by the Malta Financial Services Authority

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…

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FMO invests US$2.8mn into Acumen's Pioneer Energy Investment Initiative

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,…

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IFC invests US$125mn into Humania

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…

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Ascent acquires leading manufacturer of construction materials

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…

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EAIF lends EUR28mn to Azito Energie Power Plant

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…

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Kibo portfolio company produces first fully recycled packaging product in Kenya

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…

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Partech leds US$2mn Seed Round Investment in Gebeya inc.

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…

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AIIF3 two-thirds invested

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…

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IFC Supports Sustainable Agriculture in Morocco’s Farming Sector through its Partnership with Zalar Agri

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…

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IFC partners with Habesha Breweries to Increase Local Barley Sourcing

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…

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Actis signs an MOU with The Sovereign Fund of Egypt for strategic cooperation on future investment opportunities in Egypt

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…

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CDC announces US$39.2 million investment to bolster access to finance for SMEs in West Africa

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…

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CDC Group makes US$15mn commitment to TLcom’s TIDE Africa Fund

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…

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CDC Group invests US$20mn in Metier Sustainable Capital II Fund

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…

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UK’s impact investor invests to support entrepreneurs in North Africa

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…

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FSD Africa Announces US$3.3mn investment

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…

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Acorn dual-lists green bond program on LSE's International Securities Market

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…

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VerifyMe Nigeria secures Series A financing from Consonance Investment Managers

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…

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Proparco Invests in Rensource

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…

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AIIM invests in Nigerian gas assets, Accugas and Seven Uquo Gas Limited

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 …

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Proparco commits US$10mn into Metier Sustainable Capital International Fund II

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…

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IFC To Help Tunisian Start-Up Accelerators Boost Entrepreneurs, Create Jobs

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 …

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AfricInvest Partners with Masria Digital Payments

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…

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B-Corp status for leading pan-African PE firm Helios Investment Partners

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…

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African Development Bank approves US$20mn investment into Metier Sustainable Capital International Fund II

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…

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AfricInvest Exits Polymedic to NBK Capital Partners

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…

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FMO commits US$15mn to Metier Sustainable Capital Fund II

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.

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FMO approves US$5.8mn into Greenlight Planet

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-

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CDC concludes its pioneering six decade long partnership with DFCU bank

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…

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Metier Sustainable Capital Fund II (MSC II) first closing at US$113mn

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…

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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