2020

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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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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Don’t miss the opportunity on the 8th April at 2pm BST to find out how Africa’s pioneering investors will support t… https://t.co/YcLYMAfQo0

Join Carola Bose, @schruts @AlisonMKlein Paulo Martelli and Stephen Priestley on 8th April 2020, to discuss the ESG… https://t.co/ibpz22wwa3

Our latest data tracker reveals that 1046 African PE deals were reported between 2014 – 2019, with a total deal val… https://t.co/J4wZLneiUa

Gain insights from representatives of @CDCgroup @deginvest_int @FinDev_Canada @FMO_development and @IFC_org on the… https://t.co/4Kq5TjX3Ca

Join us on this interactive webinar series to hear from key industry stakeholders on the steps they are taking to n… https://t.co/V1M2SLWk7c