20 December 2021
Mediterrania Capital Partners (MCP), the Private Equity firm based in Malta and focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces the successful partial IPO of TGCC, one of its portfolio companies. Fo…
Read more »17 December 2021
Amethis, a member of the Edmond de Rothschild Private Equity Partnership, is pleased to announce the sale of its entire minority stake in Velogic Holding Company Limited (“Velogic or “the Company”). Headquartered in Mauritius, Velogic combines over 50 y…
Read more »15 December 2021
Largest gender-inclusive private equity fund in Africa 2X Flagship fund applying the 2X Challenge criteria Boosting diversity across Africa The management of Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has …
Read more »14 December 2021
CDG Invest Growth (CIG), the private equity fund manager previously known as CDG Capital Private Equity, and Techniques Science-Santé (T2S) announce the finalization of the sale of the latter to a majority-owned holding company managed by Helios Investmen…
Read more »08 December 2021
AfrAsia Bank is pleased to announce that Malachy McAllister has been appointed as its new Chief Executive Officer, effective 03 December 2021. An experienced banker with a strong commercial, financial and operational track record, Malachy brings over 32…
Read more »07 December 2021
02-12-2021 - Valletta: Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce the promotion of Rajaa Berrkia and Mohamed Ali Abdelhak t…
Read more »06 December 2021
Advanced technology drives Africa’s delivery of affordable climate-smart housing New development secures IFC-EDGE green buildings sustainable design certificate - creating resource-efficient and zero-carbon buildings at scale The 52 house community …
Read more »06 December 2021
Adenia Partners, a private equity firm investing in Africa, has partnered with Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), to buy Overseas Catering Services (OCS), a leading corporate catering and rel…
Read more »06 December 2021
Frankfurt (Germany) and Lagos (Nigeria) - November 2021: GreenTec Capital Partners have announced their investment and signing of a collaboration agreement with ShapShap, a Nigerian logistics platform focusing on deliveries in Africa’s fragmented logistic…
Read more »03 December 2021
Project will boost Nigeria’s self-sufficiency in sugar – key to developing FMCG sector Lagos, 2 December 2021. Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has approved a US$200 million corporate facility for BUA …
Read more »01 December 2021
The African Development Bank and IFC, a member of the World Bank Group, signed a partnership agreement admitting IFC as the first institutional partner to the Development Finance Compact for Portuguese-Speaking Countries of Africa, or the Lusophone Compac…
Read more »25 November 2021
CDC Group’s next five-year strategy builds on its understanding of evolving market dynamics, scales commitment to Africa and sets new ambitions for investing in innovation and digital transformation. Appoints Diana Layfield as its new Chair to succeed …
Read more »25 November 2021
Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana is pleased to announce an investment into AgroEknor International (“AgroEknor” or the “Company”), a fast-growing hibiscus flower exporter …
Read more »25 November 2021
The loan will help create an additional 200 jobs and support the work of 70,000 smallholder farmers in Cote d’Ivoire, Ghana and Nigeria Symbiotics and Oikocredit have extended a loan of US$ 30.8 million to Agri Commodities & Finance FZ-LLC, the main …
Read more »25 November 2021
The loan will develop CMS’ lending portfolio, focusing on rural and agricultural income-generating activities Social impact investor Oikocredit provided a loan of EUR5mn to Union des Caisses de Credit Mutuel du Sénégal (CMS), the only microfinance insti…
Read more »24 November 2021
African Capital Alliance (ACA), a leading pan-African alternative investment firm focused on managing investments across Africa, is pleased to announce its equity investment, via its CAPE IV fund, into WIOCC (West Indian Ocean Cable Company), Africa’s hyp…
Read more »22 November 2021
Verod Capital Management Limited (“Verod”) is pleased to announce the appointment of Ori Rewane as its new Head of Investor Relations & Communications. Ori is a seasoned investor relations specialist with over 18 years of international and domestic…
Read more »16 November 2021
Amethis, through its newly launched fund, Amethis MENA Fund II (AMF2), has completed its second transaction, acquiring a minority stake in Tarjama. Founded in 2008 by Jordanian entrepreneur Nour Al Hassan, Tarjama is the leading language technology &…
Read more »11 November 2021
AfricInvest’s Financial Inclusion Vehicle (AfricInvest FIVE) is pleased to announce its investment in MFS Africa as part of the company’s US$100 million equity and debt financing round. MFS Africa is a Pan-African digital payment hub that enables low-cos…
Read more »10 November 2021
Kibo Capital Partners (“Kibo”) announced today that it has sold its interest in the Kenyan logistics and distribution company, General Cargo Group (“GCG”), to majority shareholder Velogic, the logistics arm of Rogers Group. The divestment marks the second…
Read more »04 November 2021
Glasgow, United Kingdom: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) and Helios Investment Partners (Helios) are working together to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR).…
Read more »03 November 2021
CDC Group (“CDC”), the UK’s development finance institution; Finnfund, the Finnish Fund for Industrial Cooperation; Norfund, the Norwegian Government’s investment fund for developing countries; and New Forests, a global investment manager focusing on sust…
Read more »02 November 2021
Opportunity International, a longstanding global leader in providing financial services to lift people out of poverty, and Oikocredit, a social impact investor and worldwide cooperative promoting sustainable development through investments, today announc…
Read more »01 November 2021
Starsight Energy has become the first renewable energy company in Nigeria to secure carbon credit accreditation. Backed by Helios Investment Partners, the largest Africa-focused private investment firm, Starsight is a leading African Commercial & Indu…
Read more »28 October 2021
The State of Blended Finance 2021 is the fifth edition of Convergence's flagship annual report. The report uses Convergence's proprietary blended finance data to provide an updated analysis of the blended finance market, including blending approaches, sec…
Read more »26 October 2021
Pan-African alternative investment firm, EXEO Capital’s new food sector investment vehicle, Nurture Foods, this week announced its recent investment in The Fairview Cheese Company. Riël Malan, Executive Chairman of Nurture Foods and Partner at EXEO Capit…
Read more »26 October 2021
Standard Bank Group, Citi, CDC Group and Norfund have partnered to provide a US$75mn equivalent KES denominated Sustainable Finance Facility for Greenlight Planet Kenya, Africa’s leader in off-grid solar home solutions. The landmark facility is one of t…
Read more »26 October 2021
The Hague, London, San Francisco, 26 October 2021 - FMO and CDC Group have partnered with AgFunder to launch a dedicated African agrifoodtech news and research platform. AFN Africa will research and report on new startups, technologies and investments in …
Read more »25 October 2021
Changing the way we travel and commute is an important issue – not just for Germany. In Africa too, planners are thinking about how to handle the increasing traffic. More and more people are using cars or motorbikes for private transportation to get aroun…
Read more »22 October 2021
Ouagadougou, Burkina Faso, October 20, 2021 - Africa REN, a pioneer in clean infrastructures in Africa, announces it has launched the construction of the Kodeni Solar power plant, near Bobo-Dioulasso, in Burkina Faso. With an installed capacity of 38MW, K…
Read more »19 October 2021
Nairobi, Kenya, 13 October 2021 Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Altilands SA, the parent company of Red Lands Roses (“Red Lands”), a leading grower of premium fresh-cut roses in Kenya. Red L…
Read more »14 October 2021
The Hague, 13 October 2021 - Lendable Inc., a leading emerging market fintech credit provider, is targeting a ground-breaking US$100mn closed-ended fund focused on emerging and frontier market fintech investments, with FMO, the Dutch entrepreneurial devel…
Read more »14 October 2021
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of ZAR5.5bn (c.US$370mn) for its flagship SADC infrastructure fund, the IDEAS Man…
Read more »12 October 2021
AfricInvest, a leading asset management firm for Private Equity, Venture Capital and Private Credit in Africa, is pleased to announce an investment in the Burkina Faso-based RAYNAL Assurances IARD Burkina Faso (“RAYNAL Assurances”), one of the leading and…
Read more »12 October 2021
Ambit Partners is a dedicated global Search Fund investor, whose mission is to enable entrepreneurship via acquisition in markets around the world by investing in exceptional entrepreneurs to find, buy and build enduring businesses. CrossBoundary Group is…
Read more »12 October 2021
Cape Town, 14 October 2021 – African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of ZAR5.5bn (c.US$370mn) for its flagship SADC in…
Read more »08 October 2021
ARM-Harith Infrastructure Investments Limited, a Mauritius-regulated infrastructure fund manager and parent company of ARM-Harith Infrastructure Investment Limited Nigeria, has announced the official launch of the ARM-Harith Cities and Climate Transition …
Read more »07 October 2021
The international investment community need to do more to support countries most vulnerable to climate change, say business leaders in Africa and South Asia All investments in businesses in emerging economies need to support UN’s SDGs Entrepreneurs an…
Read more »07 October 2021
AfricInvest, a leading Pan-African asset management platform covering Private Equity, Venture Capital, and Private Credit, is pleased to announce the acquisition of a minority stake in the Nigerian insurance company Royal Exchange General Insurance Compan…
Read more »06 October 2021
Commitment to provide much-needed growth equity to medium-sized and large companies, delivering essential goods and services to the emerging middle class and mass market US$100 million investment in ADP III reaffirms CDC and DPI’s aligned focus on inve…
Read more »04 October 2021
Development Partners International (DPI) and African Capital Alliance (ACA) announced an investment partnership in Africa’s leading multi-brand QSR group, Food Concepts Plc (Food Concepts). The deal will see the sale of 31% of Food Concepts by DPI, a lead…
Read more »04 October 2021
Adiwale Partners (“Adiwale”) is pleased to announce the final closing of its first fund, Adiwale Fund I, LP (“AF1”) at €60 million. The fund has attracted the International Finance Corporation (“IFC”) for its final closing. The investor group, therefore, …
Read more »28 September 2021
Norfund, the Norwegian Government’s Investment Fund for developing countries, is investing EUR10 million in equity in Baobab+, the leading distributor of solar home systems in Western Africa and Madagascar. The financing from Norfund comes at a time when…
Read more »27 September 2021
54gene, the health technology company advancing African genomics research for improved global health outcomes, has secured US$25mn in a Series B round, led by Cathay AfricInvest Innovation Fund. The round also included participation from Adjuvant Capital,…
Read more »24 September 2021
Àrgentil Capital Management Limited (“Àrgentil or ACML”) has successfully achieved a financial closing for First Modular Gas Systems Limited (“FMGSL”), a clean energy company founded by the firm alongside Dharmattan Gas Facilities Limited. This allows FMG…
Read more »21 September 2021
Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, acting on behalf of funds it advises, is pleased to announce the completion of the sale of its 49% stake in GBfoods Africa (the “Company” or “GBFA”) to its partner …
Read more »21 September 2021
Sahel Capital is pleased to announce the launch of the Social Enterprise Fund for Agriculture in Africa (SEFAA). Sahel will act as investment adviser to the US$24 million fund sponsored by the German development bank, KfW. SEFAA is an impact fund with the…
Read more »17 September 2021
Assets under Management of US$17.8bn (EUR15bn) from c.US$10bn (EUR8.5bn) in 2019 All new funds have the highest sustainable classification in Europe Meridiam announced that it has successfully raised US$6.1 billion in 2021 (over €5 billion). The fir…
Read more »15 September 2021
As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF). AFC C…
Read more »14 September 2021
CDC Group, the UK's development finance institution (DFI) and impact investor, has made a US $60 million commitment under its African Private Credit Fund Strategy, which aims to address a significant credit market dislocation and mid-market financing gap,…
Read more »14 September 2021
Title of RFP Gender and the intersectionality of various forms of social underrepresentation: development of a framework, an approach and recommended actions for development finance institutions (DFIs) RFP Submission dates Expression of Interest: Sep…
Read more »09 September 2021
Amethis is pleased to announce the acquisition of a minority stake in Avacare, a distributor and manufacturer of pharmaceuticals and healthcare consumable products. Avacare was founded in 1996 by Dr Vikramkumar Naik, an anesthesiologist born in Zimbabwe. …
Read more »08 September 2021
Old Mutual Alternative Investments (OMAI), Africa’s largest alternative investment manager, acting through its subsidiary, African Infrastructure Investment Managers (AIIM), is pleased to announce its joint venture partnership with Augment Infrastructure …
Read more »06 September 2021
Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member of the region’s leading infrastructure solutions prov…
Read more »01 September 2021
Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, has received a US$100 million credit line from the Export-Import Bank of India (India Exim Bank) to develop the critical infrastructure required to rebuild A…
Read more »31 August 2021
Amethis is pleased to announce the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM). Sodigaz APC is the leading gas bottle (LPG) distributor in Burkina Faso with a market share exceeding 60% and a unique distr…
Read more »30 August 2021
Amethis, the investment fund manager dedicated to long-term responsible investing across the African continent, built in partnership with the Edmond de Rothschild group, is pleased to announce the first closing of Amethis MENA Fund II at US$101mn (EUR85mn…
Read more »27 August 2021
The Swiss Investment Fund for Emerging Markets (SIFEM) has invested USD 10 million in Metier Sustainable Capital Fund II. The Fund will be focused on climate mitigation and adaptation through investments in renewable energy generation as well as in reso…
Read more »23 August 2021
LeapFrog Investments, the Profit with Purpose investment firm, has acquired a 16.94% stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana Limited from Amethis, an investment fund manager dedicated to the African continent, and Edmond de Roth…
Read more »19 August 2021
Ivorian Insurance Group set to deepen insurance penetration with Oasis Support Oasis Capital Ghana, manager of the Oasis Africa VC Fund (OAF), is pleased to announce a dual minority investment in Côte d’Ivoire’s Sonam Générale Assurances Côte d’Ivoire an…
Read more »14 August 2021
The African Development Bank has reached financial close on financing agreements for a US$20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP). The 5-year, US$50 mill…
Read more »11 August 2021
Revego Africa Energy Limited (Revego), South Africa’s only yieldco geared towards the renewable energy sector through its investment in the Revego Africa Energy Fund, has acquired stakes in a number of leading wind assets, all of which are helping t…
Read more »05 August 2021
The pan-African fund manager Emerging Capital Partners (ECP), a leading private equity player on the continent, A.P. Moller Capital, a fund manager specialized in the infrastructure sector and developing markets, DEG, the German Development Finance Instit…
Read more »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 …
Read more »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…
Read more »27 July 2021
Proparco - through FISEA+, the AFD Group fund advised by Proparco – signed a US$5mn investment in Acumen Resilient Agriculture Fund (ARAF). The fund invests in agri-startups in East and West Africa that help smallholder farmers adapt to climate change. Th…
Read more »27 July 2021
Kasada has secured a strategic partnership with the International Finance Corporation (IFC) to create a large hotel portfolio in Sub-Saharan Africa through a US$160mn debt facility, of which a US$80mn senior loan was disbursed by IFC and Proparco to finan…
Read more »27 July 2021
Fund to deploy mission-driven capital at scale, leveraging team’s decades of experience and rigorous impact assessment capability to scale companies across the climate sector Anchor investors include some of the world’s largest institutional investors …
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »25 June 2021
FSD Africa’s funding contributes to Nithio FI’s first raise of US$23 million to scale off-grid energy financing in Kenya, Nigeria, and Uganda. NAIROBI, June 8, 2021 – FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today invested US$…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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 …
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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), …
Read more »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…
Read more »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…
Read more »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 …
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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…
Read more »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 …
Read more »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…
Read more »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…
Read more »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…
Read more »
@idriselba LIVE on #IFCExchange: "Phone's become [people's] lifelines [...] If creativity can be right in the hands… https://t.co/j6x4SU5zdd
@idriselba LIVE on #IFCExchange: "One of the key things about helping people is not giving #charity, but giving sy… https://t.co/HzonD9TB19
RT @SonghaiAdvisory: Excellent report by @AVCA_Africa on #Africa's private capital ecosystem. The continent raised USD4.4bn last yr, 4 time…
RT @tolushola: Recent data from the @AVCA_Africa show that African start-ups attracted a record $5.2 billion in venture capital last year,…
@BritishIntInv & @Citi agree US$100mn risk-sharing facility, to unlock supply chain finance for #Africanbusinesses… https://t.co/XVMYGDVmiH
