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 »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…
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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
