2021

Dentons to combine with ACAS-Law in Nigeria

01 April 2021

April 1, 2021 - Dentons, the world's largest law firm, is announcing today a combination with leading law firm, Adepetun, Caxton-Martins, Agbor & Segun ("ACAS-Law") on the 30th anniversary of the Nigerian firm’s founding. The combination will give Den…

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CardinalStone Capital Advisers announces final close of maiden private equity fund, and first fund investments

24 March 2021

CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund) at US$64 million. The Fund which record…

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Amethis acquires a majority stake in Magriser Group

22 March 2021

Amethis acquires a majority stake in Magriser Group, one of the pioneers in the distribution and installation of turnkey micro-irrigation and solar pumping systems.  Established in 1987 by Mr Azzedine Azzouz, Magriser was one of the forerunners of the mi…

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TPG's The Rise Fund invests in Airtel Africa's mobile money business

18 March 2021

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the signing of an agreement under which The Rise Fund, the global impact investing platform of leading altern…

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Proparco invests EUR50mn in the first fund for green bonds issued by companies in emerging countries

18 March 2021

This investment in the US$538mn HSBC Real Economy Green Investment Opportunity (“REGIO”) fund makes Proparco one of its three founding investors. REGIO will invest in green bonds issued by private companies based in emerging countries in Asia, Africa and …

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IFC and Activa join forces to increase women’s access to insurance in Cameroon

17 March 2021

With advisory support from IFC, a member of the World Bank Group, Activa Assurances today launched two new insurance solutions in Cameroon, aiming to reach up to one million women by 2022. As part of its "Activ'Lady" program, Activa is bringing two innov…

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FinDev Canada appoints Lori Kerr as Chief Executive Officer

16 March 2021

The Board of Directors of FinDev Canada is pleased to announce the appointment of Lori Kerr as Chief Executive Officer.  A Canadian national, Ms. Kerr is a widely experienced development finance specialist with more than two decades of leadership in inte…

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IFC and ALEXBANK partner to promote Egyptian farmers’ switch to solar irrigation systems

16 March 2021

IFC, a member of the World Bank Group, and ALEXBANK, a leading Egyptian private bank, today announced a partnership to help Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and bo…

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FMO and FinDev Canada support critical food supply in Africa through a working capital loan

11 March 2021

FMO, FinDev Canada, and OeEB (the Development Bank of Austria) announced a US$115mn syndicated loan facility that will allow ACF, one of the main trading companies of Export Trading Group (ETG) to improve and expand its operations in Africa, with FMO acti…

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IFC invests in Savannah Fund to support early-stage African start-ups

10 March 2021

Johannesburg, South Africa​, March 10, 2021—IFC, a member of the World Bank Group, today announced an investment in the Savannah Fund, a leading technology seed fund in Africa, to increase lending to start-ups across sub-Saharan Africa with a focus on sup…

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IFC invests in Adumo to boost digital payment solutions in Africa

09 March 2021

IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund, are helping to increase access to digital payment solutions for small and medium-sized businesses in several countries in Africa through an investment in South Africa-b…

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LeapFrog in strategic partnership with Temasek

09 March 2021

Temasek, an investment company headquartered in Singapore, has entered into a US$500mn strategic partnership with leading global impact investment group LeapFrog Investments. The strategic partnership will take the form of a multi-fund investment by Tema…

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FMO forms partnership to accelerate universal health coverage in Africa

08 March 2021

The partnership aims to unlock investments in primary health care in underserved communities in Sub-Saharan Africa Philips and FMO announced today, at the occasion of the AHAIC 2021 conference, that they have signed a wider partnership agreement aimed at…

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IFC invests in Bolt to expand mobility solutions in emerging markets

05 March 2021

Washington, DC, March 5, 2021—IFC, a member of the World Bank Group, is investing in the global mobility platform Bolt to help expand access to mobility and delivery services in underserved urban areas in Africa and Eastern Europe—including in South Afric…

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AIIM acquires majority stake in Ghana-based data centre

04 March 2021

Cape Town, 4 March 2021: African Infrastructure Investment Managers (“AIIM”), one of Africa’s largest infrastructure-focused private equity fund managers, together with the management team of the new Onix Data Centres Limited (“Onix DC”) platform, have ac…

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FMO supports African fintech platform Nomanini

02 March 2021

FMO has invested in fintech platform Nomanini to further boost their pan-African expansion. The participation is a US$500,000 convertible loan from the government fund MASSIF. Nomanini focuses on unbanked vendors, kiosk- and shop holders, while its strat…

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FSD Africa partners with industry associations to support small and medium-sized African businesses through the Private Equity and Private Debt Programme

25 February 2021

NAIROBI, 24 February 2021: FSD Africa today announces the signing of co-operation agreements with AVCA, EAVCA, SAVCA and PEVCA to coincide with the launch of the Africa Private Equity and Private Debt Programme. The programme is a new initiative to suppor…

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Convergence Partners acquires Ctrack in Africa and the Middle East

25 February 2021

Convergence Partners, a leading tech investor in Africa, has entered into an agreement with Inseego Corp. (Nasdaq: INSG) to acquire 100% of Ctrack’s operations in Africa and the Middle East. This will be the maiden investment for its third fund, Convergen…

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Verod Capital announces merger between Tangerine Life Insurance and ARM Life

25 February 2021

Verod Capital Management Limited (“Verod Capital” or “Verod”) today announced the completion of the merger between Tangerine Life Insurance Limited, a Verod Capital partner company, and ARM Life Plc. The merger creates the 4th largest player in the life …

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IFC invests in Liquid Telecom bond to support broadband connectivity in Africa

25 February 2021

Johannesburg, South Africa, February 25, 2020—IFC, a member of the World Bank Group, invested in Thursday's bond issued by a subsidiary of Liquid Telecommunications Holdings Ltd., which will allow the telecoms and technology solutions company to expand ac…

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Sanlam Private Equity acquires majority stake in the Cavalier Group of Companies

24 February 2021

Cape Town, 24 February 2021: In a win for the private equity sector in South Africa as well as transformation in the agro-processing industry, Sanlam Investments through their private equity business, Sanlam Private Equity ("SPE"), has acquired a majority…

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LeapFrog Investments strengthens healthcare team with Dr Biju Mohandas' appointment

24 February 2021

Nairobi, 24th February 2021: LeapFrog Investments, the Profit with Purpose investment firm, has bolstered its global healthcare team with the appointment of Dr Biju Mohandas. He will serve as Partner and Global Co-Lead for Healthcare, alongside partners…

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Proparco invests in clean energy company in the DRC

22 February 2021

Through a EUR1mn investment in Nuru, Proparco is helping to improve access to clean and accessible electricity for households and businesses. Proparco thus illustrates the importance given to projects contributing to the fight against climate change, as w…

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Metier invests in Energy Vision through the Sustainable Capital Fund II

18 February 2021

Metier, through its most recent Sustainable Capital Fund, has made a substantial investment into Energy Vision to grow the provision of reliable, clean-energy, cost-effective and environmentally friendly solutions to powering telecom equipment for mobile …

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CDC invests in Adjuvant Capital venture fund to improve global public health

18 February 2021

CDC Group has today announced its investment in a US$300 million fund from Adjuvant Capital focused on accelerating the development of medical innovations for historically overlooked public health challenges. Launched in 2019, Adjuvant’s debut fund will s…

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IFC disburses loan to support mango processor in Mali

18 February 2021

Bamako, Mali, February 18, 2021 — IFC, a member of the World Bank Group, today announced the recent disbursement of a loan to support expansion at Mali's leading mango processor, Centre d'Étude et de Développement Industriel et Agricole du Mali (CEDIAM), …

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Capria Ventures receives investment from Small Foundation

12 February 2021

Small Foundation has invested in Capria Ventures. This engagement will support Capria’s activities in the early-stage investment space, which have the potential to be highly catalytic, and which will enable more money to flow into enterprises in sub-Sahar…

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ARM-Harith CIO appointed to United Nations Advisory Committee and Working Group

11 February 2021

Tariye Gbadegesin, the Managing Director and Chief Investment Officer of ARM-Harith Infrastructure Investments Limited, has recently been appointed to both the United Nations PRI Advisory Committee, and the United Nations Technical Working Group on Financ…

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‘IQ-EQ Compass’ launched to identify and mitigate ESG-related risks

09 February 2021

IQ-EQ has launched IQ-EQ Compass, an innovative and integrated service offering that simplifies Environmental, Social and Governance (ESG) compliance and helps our clients build sustainable value and reputational resilience. Changes in the international …

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LGT launches its direct impact investing activities under “Lightrock”

08 February 2021

LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, has integrated its direct impact investing activities into a newly formed and branded entity, Lightrock, a global private equity partnership …

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CDC announces US$100mn investment in Alfa Medical Group

03 February 2021

Alfa Medical Group consists of leading diagnostics players in Egypt (Alfa Scan and Alfa Laboratories) and El-Safa Hospital Expands access to quality medical care and diagnostics for patients at all income levels Supports expansion of the AMG laborator…

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Amethis acquires minority stake in Senegal's NMA

02 February 2021

Amethis acquires a minority stake in Nouvelle Minoterie Africaine (NMA), a leading FMCGcompany in Sénégal, which produces and distributes poultry and livestock feed, pasta and wheat flour. It represents Amethis first transaction in Sénégal. Founded in 20…

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Mediterrania Capital Partners exits Cash Plus

28 January 2021

Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, announces the sale of its remaining stake in Cash Plus — the largest independent money transfer co…

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TLcom leads US$6mn series A in Pula

25 January 2021

Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise. The Series A fund was led by TLcom Capital, with the…

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White & Case advises Helios Investment Partners’ portfolio company TPAY Mobile on strategic partnership with Bango Plc

22 January 2021

Global law firm White & Case LLP has advised Helios Investment Partners’ portfolio company TPAY Mobile, the full-service digital payments platform for the Middle East, Africa (MEA) and Turkey, on its strategic partnership with Bango Plc, the AIM-liste…

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CDC again targets over US$1bn annual investment in African businesses

21 January 2021

CDC Group, the UK’s impact investor and development finance institution (DFI), today announced a commitment to invest over US$1 billion again in African businesses in 2021. The commitment will enable CDC to invest in many more promising African entreprene…

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The ABC Fund invests in Ecookim

21 January 2021

The Agri-Business Capital (‘ABC Fund’) has provided a loan of EUR €800,000 to the Enterprise Cooperative Kimbe (‘Ecookim’) ahead of the 2020/21 cocoa production season. Such advanced financing is crucial in ensuring smallholder farmers do not lose the val…

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Amethis appoints two new Partners

20 January 2021

Amethis is happy to announce the appointment of 2 new Partners, Khady Koné-Dicoh and Jean-Thomas Lopez, bringing the number of Partners in the firm to 6. Luc Rigouzzo and Laurent Demey said “Amethis strengthens his senior team with these nominations, wit…

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Àrgentil invests in Sygen Pharmaceuticals

19 January 2021

Àrgentil Capital Management Limited (“Àrgentil”) is pleased to announce its equity investment in Sygen Pharmaceuticals Limited (“Sygen”). The investment was structured via the sponsors’ investment vehicle, Consumer Growth Partners along with other co-inve…

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Kasada acquires Sub-Saharan African hotel portfolio from AccorInvest

19 January 2021

Funds advised by Kasada Capital Management today announced the first transaction made through the debut fund, Kasada Hospitality Fund LP (“Kasada”), acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest. The landmark deal is one of the lar…

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Actis sells stake in C&I Leasing

15 January 2021

Actis, a private capital investment firm, has successfully exited its stake in C&I Leasing Plc (C&I Leasing), through a trade sale to Peace Mass Transit Limited (Peace Mass Transit), a leading transport company in Nigeria with interests in Banking…

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FinDev Canada invests US$12mn in Miro Forestry

15 January 2021

FinDev Canada announced a USD 12 million equity investment in Miro Forestry Developments Ltd., a West-African sustainable forestry and timber products business with plantations in Ghana and Sierra Leone. The financing will enable the firm to expand its fo…

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IFU leads US$38mn Daystar Power deal

12 January 2021

Daystar Power, a leading provider of hybrid solar power solutions to businesses in West Africa, today announced a Series B investment of $38 million. The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance i…

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TPG Growth in US$85mn deal

08 January 2021

Gro Intelligence announced today that it has raised $85 million in Series B funding. The round was co-led by Intel Capital, Africa Internet Ventures (a strategic partnership between TPG Growth and EchoVC), and the family offices of Ronald Lauder and Eric …

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Africa Finance Corporation secures US$250mn capital loan from US DFC

04 January 2021

Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces it has successfully secured a US$250 million tier-2 capital loan from U.S. International Development Finance Corporation (DFC…

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Norfund in US$35mn deal to establish and finance ESCOTEL

01 January 2021

Norfund, Inspired Evolution, and Sagecom have participated in a US$35 million equity investment to establish and finance ESCOTEL, an energy services company currently focused on Sub-Saharan Africa countries. Headquartered in Mauritius, ESCOTEL has been s…

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FMO & IFC back East Africa-focused fund

01 January 2021

FMO and the International Finance Corporation (IFC) have approved US$20mn in commitments to Ascent Capital's sophomore fund. Each of the DFIs is committing US$10mn to Ascent Rift Valley Fund II. Having raised a US$78m private equity fund that invests in…

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RT @tolushola: I'm looking forward to the Annual @AVCA_Africa conference. The four-day event will bring together world-class investors, pol…

Although Covid-19 affected deal making and fundraising in Africa, we find that there is growing appetite for privat… https://t.co/S6aS5z1EzO

.@DLA_Piper is a Lead Sponsor of the AVCA Conference. Don't miss the panel discussion on emerging opportunities in… https://t.co/9I7Dmev77f

Hear from Khaled Ben Jilani, Senior Partner at @AfricInvest_Grp, at the AVCA Conference next week. He will be speak… https://t.co/75gA0UYf0k

As fund managers and institutional investors increasingly adopt and apply ESG principles, we will see impact invest… https://t.co/V4kL18G0DK