2021

CDG Invest PME signs agreement to sell its stake in Techniques Science-Santé (T2S)

30 July 2021

CDG Invest PME (“CIP”), leading Morocco-based private equity firm previously known as CDG Capital Private Equity, and Techniques Science-Santé (“T2S”), IM Alliance, Cyclopharma and Binarios (together, the “Company” or the “Group”) are pleased to announce …

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Helios partners with Abderraouf Sordo to create the largest MedTech distribution group in Francophone Africa

29 July 2021

Helios Investment Partners (“Helios”, acting on behalf of funds it advises), the leading Africa-focused private investment firm, has entered into an agreement to acquire a majority stake in the largest and most diversified group of MedTech companies in Mo…

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Convergence Partners Digital Infrastructure Fund (CPDIF) reaches first close at US$120mn

23 July 2021

Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital Infrastructure Fund (CPDIF) at US$120mn. The fund is targe…

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FMO invests US$10mn in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA)

21 July 2021

REGMIFA, the Regional MSME Investment Fund for Sub-Saharan Africa, has attracted a further US$10mn from Dutch-based entrepreneurial development bank FMO. This additional funding will support the growth of Africa’s MSME sector and foster economic developme…

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Metier-led consortium including CDC Group, DEG and Proparco, invests US$36mn into AMN to expand coverage in remote rural Africa

20 July 2021

A consortium led by Metier, an independent African private equity fund manager, has invested US$36mn into Africa Mobile Networks Ltd (“AMN”). The consortium includes CDC Group (the UK’s development finance institution and impact investor), DEG - Deutsche …

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Mediterrania Capital Partners invests in Moroccan FMCG manufacturer, Dislog Industries

19 July 2021

Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces its investment, through its fund MC III, in Dislog Industries, one of the largest FMCG manufactu…

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Africa Finance Corporation appoints Kirstine Damkjaer, ex-CEO of Danish Export Credit Agency, to its Board

15 July 2021

Ms Damkjaer joins the Board of Directors as an independent non–executive director. Africa Finance Corporation, the leading infrastructure solutions provider in Africa, has appointed to its Board of Directors, Kirstine Damkjaer, the former Chief Executive…

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CDC Group announces US$50 million trade finance facility with Ecobank as part of its Covid-19 response

15 July 2021

Provides systemic liquidity and supports vital supply chains across Africa’s markets Sustains and increases access to goods and services during the pandemic Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Faso an…

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Actis and Convergence Partners appoint Jasper Lankhorst as CEO of their pan-African data centre platform

15 July 2021

Ex-Global Switch Managing Director to lead data centre platform expansion as Africa’s data demand accelerates. Actis, the global sustainable infrastructure investor, and Convergence Partners have appointed Jasper Lankhorst as the CEO of the group’s pan-A…

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IFC invests in Vantage Capital’s mezzanine fund to support fast-growing companies in Africa

12 July 2021

Amid growing demand for funding for Africa's underserved medium-sized companies, IFC today announced an investment in a new mezzanine fund managed by Vantage Capital, a leading mezzanine funding provider on the continent, which will provide capital to fas…

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Alitheia Capital leads pre-Series B funding round in fintech startup, Lidya

12 July 2021

Nigerian fintech and lending startup Lidya has announced that it has completed its US$8.3 million pre-Series B funding round.  Alitheia Capital led the investment through its uMunthu Fund with the participation of Bamboo Capital Partners, Accion Venture …

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IFC, EIB, DFC and AFD join forces to boost COVID-19 vaccine production via Senegal-based vaccine manufacturer, IPD

09 July 2021

To scale up the manufacturing of COVID-19 vaccines in Africa, IFC announced a collaboration with the Institut Pasteur de Dakar (IPD), a vaccine maker and non-profit healthcare foundation mandated to support public health improvements in Africa. IFC and f…

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CDC Group leads US$36mn investment round into South African affordable housing platform Divercity

05 July 2021

CDC Group, the UK's development finance institution (DFI) and one of the largest impact investors in Africa, has announced a USD $36 million (500 million Rand) commitment to Divercity Urban Property Fund (Divercity), an affordable housing platform focused…

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IFC and Canadian government invest in Kinguele Aval hydropower plant to support clean power generation in Gabon

02 July 2021

To scale up clean energy production capacity in Gabon, IFC, the Government of Gabon, Meridiam Infrastructure Africa Fund FIPS (MIAF), Meridiam Infrastructure Africa Parallel Fund FIPS (MIAPF) and the Fonds Gabonais d'Investissements Strategiques (FGIS), w…

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AfricInvest and DPI complete CMGP-CAS agriculture merger

01 July 2021

London and Casablanca, 1 July 2021 – African Development Partners II (“ADP II”), a fund advised by Development Partners International (“DPI”), a leading impact-driven Pan-African private equity firm with a strong track record of investing across the conti…

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IFC, Proparco, DEG and DFC support South African COVID-19 vaccine maker, Aspen

30 June 2021

To support the development of vaccines for African countries, IFC, the French Development institution Proparco, DEG - the German development finance institution, and the U.S. International Development Finance Corporation (DFC) today announced a joint fina…

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Consortium of AIIM, Adenia and IFC acquires majority stake in African telco towers specialist to boost connectivity on the continent

29 June 2021

The joint acquisition will provide US$130 million in funding to Eastcastle to support the company’s build-to-suit strategy in the Democratic Republic of Congo, Nigeria and Côte d'Ivoire. The consortium of AIIM, Adenia and IFC will provide US$130 millio…

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Tana Africa Capital acquires a minority stake in Kensington Distillers & Vintners

29 June 2021

Tana Africa Capital (“Tana”), a leading Pan-African private equity firm, is pleased to announce the latest investment through its second fund Tana Africa Capital II (“TAC II”) into Kensington Distillers & Vintners (“KDV”), a fast-growing alcoholic bev…

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Kibo Capital exits I&M Bank Rwanda

28 June 2021

Kibo Capital Partners is pleased to announce that it has completed the sale of its 6.01% stake in I&M Bank Rwanda (IMR), the second-largest bank in Rwanda. The acquisition was made in April 2017 by The Kibo Fund II LLC as part of the Bank's successfu…

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Injaro exits maize seed producer in Ghana, M&B

28 June 2021

Injaro Agricultural Capital Holdings Limited (“IACHL”), the impact investment fund managed by Injaro Investments, announces the sale of its 30% stake in seed producer M&B Seeds and Agricultural Services Ghana Limited (“M&B”) to the founder and oth…

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AfricInvest and Bpifrance invest in Ragni, a French public lighting company

26 June 2021

Spécialisé dans la fabrication et la commercialisation de solutions d’éclairage public, le groupe industriel Ragni ouvre son capital à Bpifrance et AfricInvest, au travers de ces Fonds- Franco Africains. Cette opération de primo ouverture de capital vise …

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FSD Africa Investments invests US$4.5mn in Nithio FI to support the scale up of off-grid energy access in African markets

25 June 2021

FSD Africa’s funding contributes to Nithio FI’s first raise of US$23 million to scale off-grid energy financing in Kenya, Nigeria, and Uganda. NAIROBI, June 8, 2021 – FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today invested US$…

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Oasis Capital Ghana invests in Joyce Ababio College of Creative Design (JACCD)

25 June 2021

Influential creative institution to expand facilities & tertiary programs Oasis Capital Ghana, managers of the Oasis Africa VC Fund (OAF), are pleased to announce their investment in Joyce Ababio College of Creative Design (“JACCD”). JACCD is the lea…

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FMO appoints Michael Jongeneel as Chief Executive Officer

24 June 2021

Linda Broekhuizen rounds off career at FMO Huib-Jan de Ruijter to be appointed as Chief Investment Officer Fatoumata Bouaré to be appointed for second term as Chief Risk & Finance Officer Koos Timmermans to be appointed for second term in the Sup…

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CDC Group commits US$50mn to 100MW renewable power project in South Africa

23 June 2021

The Redstone Concentrated Solar Power Project will supply 200,000 South African households with clean and reliable energy, offsetting approximately 480,000 tons of carbon per year Marks a landmark project finance investment in South Africa and demonstr…

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Adenia acquires Herholdt's, a distributor of electrical and solar equipment in South Africa

21 June 2021

Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Herholdt’s, a leading distributor of low-voltage electrical products and solar products in South Africa. The financial terms of the transaction were not disclosed…

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EXEO Capital sells 62.7% share in Cape Olive as part of Agri-Vie Fund I exit

15 June 2021

Pan-African alternative investment firm, EXEO Capital, this week announced the exit of its Food and Agribusiness fund, Agri-Vie Fund I, from Cape Olive Holdings – one of the largest table olive suppliers in South Africa. Izak Strauss, Partner and Co-foun…

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CDC-backed Globeleq breaks ground on pioneering solar and storage power project in Cuamba, Mozambique

14 June 2021

Globeleq, Africa’s independent power producer, and the Private Infrastructure Development Group (PIDG), the infrastructure development and finance organisation, announced that it had officially broken ground on the pioneering 19MWp solar and 7MWh storage …

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AIIM makes follow-on investment in MetroFibre Networx along with consortium

14 June 2021

The investment reinforces African Infrastructure Investment Managers’ (AIIM), SAHIF and STOA’s support for the digital infrastructure sector to assist in addressing the deficit in last-mile fibre connectivity across South Africa. African Infrastructure …

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G7 Development Finance Institutions and multilateral partners to invest over $80 billion into African businesses over the next five years

14 June 2021

The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD and the European Investment Bank today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable eco…

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Adiwale Fund I invests in Maintenance Climatisation Technique (MCT)

10 June 2021

Adiwale Fund I announces the acquisition of a minority stake in Maintenance Climatisation Technique (MCT). The 60-year old company is the Ivorian leader in the installation and maintenance of innovative industrial, commercial and residential air condition…

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2X Challenge, founded by DFIs of G7 nations, announces US$15bn fundraising goal for gender-lens investment by end of 2022

09 June 2021

Global gender finance initiative sets ambitious new US$15bn fundraising goal after securing more than double its original US$3bn target Over 200 businesses in the developing world received investment over the last three years The 2X Challenge, found…

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Oasis Capital invests US$1mn in appsNmobile Solutions

09 June 2021

Established in February 2015, with software development as its core business, appsNmobile Solutions transitioned into a financial technology company (Fintech) and started processing payments in 2018. From a small home-garage office, the Company survived t…

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Capria Ventures and Wuri Ventures invest in WhereIsMyTransport

09 June 2021

Capria Ventures and pan-African venture capital (VC) fund, Wuri Ventures, invest in mobility data start-up WhereIsMyTransport as a part of its latest US$14.5mn Series A Extension. WhereIsMyTransport is mapping the ‘route more travelled.’ Informal transp…

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Adenia acquires East African life sciences distributor, Africa Biosystems Limited

01 June 2021

Adenia Partners, a private equity firm investing in Africa, today announced it has completed the acquisition of Africa Biosystems Limited (ABL), a leading distributor of life sciences and clinical diagnostics equipment in East Africa. The financial terms …

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New IFC research finds that women can add over US$14.5bn to e-commerce market in Africa

27 May 2021

Africa's e-commerce market could grow by more than US$14.5bn between 2025-2030, according to an IFC report published in May 2021. The report finds this can be achieved by increasing the number of women selling on online platforms and by providing them w…

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Proparco invests US$10mn in solar energy provider, d.light

26 May 2021

Proparco’s equity funding will enable d.light to provide energy access to millions of people living without reliable energy access d.light, a leading innovator of solar energy products, announced today that it had raised US$10mn in equity financing from …

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EIB and OeEB launch EUR100mn African private sector COVID-19 resilience investment initiative

26 May 2021

Entrepreneurs and businesses most impacted by economic, health and social challenges triggered by COVID-19 will be able to benefit from a new EUR100mn private sector financing initiative backed by (OeEB), the Development Bank of Austria, and the European …

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FMO and DFC launch US$75mn co-financing facility to boost Covid-19 response in developing countries

21 May 2021

Collaboration will bring much-needed liquidity to businesses in developing countries impacted by the pandemic FMO, the Dutch entrepreneurial development bank, and U.S. International Development Finance Corporation (DFC), today announced the DFC-MASSIF CO…

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IFC announces US$2bn investment in SMEs and trade to support Covid-19 recovery

19 May 2021

Targeting sectors hit hard by COVID-19, IFC today announced a US$2bn commitment to support smaller businesses and increased trade in Africa to galvanize the continent's economic recovery from the pandemic and to sustain and create jobs and business activi…

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Ascent announces first close of Ascent Rift Valley Fund II

18 May 2021

African private equity fund manager Ascent today announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than US$100mn, significantly exceeding its initial target of US$80mn. The final close of ARVF II, with a target of US$12…

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Meridiam, GIP and the CDC Group (Caisse des Dépôts and CNP Assurances) sign agreement in principle to form long-term shareholder of the new Suez

17 May 2021

Meridiam, GIP and Caisse des Dépôts in partnership with CNP Assurances announce the signing of an agreement in principle with Suez and Veolia with a view to forming the shareholder base of the new Suez, following on from the agreement reached between Su…

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Kasada to acquire the largest hospitality complex in Namibia

16 May 2021

A second major transaction for Kasada which continues to build its Sub-Saharan hospitality portfolio Over N$100mn (US$8mn) of additional investment planned for the hotel renovations and development 150 local jobs will be created Johannesburg/Port…

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AIIM and Reatile Group to acquire 30% ownership interest in ROMPCO

14 May 2021

Cape Town, 14 May 2021: Reatile Group (Reatile), a leading black-owned investor in the energy landscape, and AIIM (on behalf of the IDEAS Fund), one of Africa’s largest infrastructure-focused private equity fund managers and a member of Old Mutual Alterna…

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CDC Group commits US$100mn to support farmers across Africa and Asia

11 May 2021

CDC Group, the UK’s development finance institution and impact investor, has announced a US$100mn debt commitment to ETG, an agricultural conglomerate connecting smallholder farmers to global markets through its operations in 48 countries worldwide. The d…

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IFC and Eris partner to support affordable student housing in South Africa

11 May 2021

Johannesburg, South Africa, May 11, 2021—To boost the development of affordable, quality, and resource-efficient student accommodation in South Africa, especially for low-income students, IFC today announced financing for a new investment platform managed…

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SIFEM committed a total of US$85.6mn to ten new investments in 2020

11 May 2021

In 2020, the Swiss Investment Fund for Emerging Markets (SIFEM) committed a total of US$85.6mn to ten new investments and concluded the year with a negative operating result of CHF-28.6mn, amid the global COVID-19 crisis. More than ever, SIFEM has been ab…

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Mediterrania Capital Partners’ portfolio company Akdital Holding owns Ain Borja, the Casablanca clinic that assisted the birth of nine babies by a Malian woman

07 May 2021

Valletta, Malta. Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, is proud to announce that Akdital Holding, one of its partner companies, owns A…

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DFIs including Proparco and IFC to support private sector development in DRC

07 May 2021

Fifteen Development Finance Institutions (DFIs) operating in the Democratic Republic of Congo (DRC) met and vowed to work closely together to support the country’s private sector. Following the global DFI Fragility Forum in Oxford, held in 2019, DFIs and…

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CDC Group supports Uhuru Growth Fund I in reaching US$113mn first close

05 May 2021

The first-generation fund targets high-growth SMEs and middle-market businesses operating in the consumer-facing and financial services sectors. The fund will boost post-pandemic economic recovery across West African countries, including Nigeria, Ghana…

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Metier sells stake in 50 MW Bokpoort Concentrated Solar Power (CSP) to Revego

29 April 2021

Revego Africa Energy Limited (Revego) has announced its first major acquisition, in the form of a 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape for R204 million. Bokpoort CSP is one of South Africa’s premier CS…

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Adenia sells stake in Côte d’Ivoire's Ademat to SPE Capital

29 April 2021

Adenia, a private markets investment firm in Africa, today announced that it has finalized the sale of its 100% equity stake in Ademat to SPE Capital, a private equity firm focused on Africa and the Middle East. Founded in Abidjan in 1983, Ademat is the l…

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TLcom Capital Founder discusses need for greater investment in Africa

28 April 2021

Ally Mwakaneno of Kenya Wall Street talks to TLcom Founder and Managing Partner Maurizio Caio on the characteristics of a great investment, why Africa’s young startup ecosystem needs more venture capital, and what is likely to be the next giant after fint…

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IFC and Nigeria’s LAPO partner to expand microfinance lending in sub-Saharan Africa

28 April 2021

To help expand banking services to low-income populations in sub-Saharan Africa, the International Finance Corporation (IFC) today announced a partnership with the Lift Above Poverty Organization (LAPO), which is seeking to expand its microfinance busines…

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IFC joins forces with EAB Bank to strengthen risk and credit framework

27 April 2021

Djibouti City, Djibouti, April 27, 2021 — A partnership signed today between IFC and Djibouti-based East Africa Bank (EAB) will help EAB better mitigate financial risks which have been amplified by the COVID-19 pandemic and improve its sustainability. Un…

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AIIM-backed MetroFibre acquires Link Africa's FTTH infrastructure

22 April 2021

MetroFibre has acquired the fibre-to-the-home (FTTH) network and infrastructure of Link Africa in Gauteng and Kwa-Zulu Natal, adding another 10 000 homes passed to MetroFibre’s rapidly growing fibre network in South Africa.  The deal is effective 1 April …

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IFC in partnership to help African healthcare providers access essential medical equipment

14 April 2021

IFC, a member of the World Bank Group, today launched partnerships with leading health technology company Philips and the Co-operative Bank of Kenya to help smaller businesses in Africa's health sector purchase essential medical equipment and strengthen t…

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CardinalStone Capital Advisers back AppZone in Series A round

12 April 2021

Lagos, Nigeria. 12 April 2021. Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round. Led by CardinalStone Capital …

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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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Meridiam and Raxio Group join forces to deploy sustainable data centres in Africa

29 March 2021

Meridiam, a global developer, asset and fund manager specialising in sustainable infrastructure and energy transition projects announced a partnership with The Raxio Group (“Raxio”), a premier pan-African data centre developer and operator, to deploy a ne…

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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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