2022

AfricInvest and Future Africa portfolio get investment from BII

30 June 2022

Lagos - 30 June 2022 - British International Investment (“BII”), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group, introduced its new name and announced a US $20 million, 4-year structured credit investment in Moove –…

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Amethis and partners to sell stake in Kenyan retailer Naivas

27 June 2022

French investment fund manager Amethis and its partners DEG, MCB Private Equity and the World Bank’s International Finance Corporation (IFC) have agreed to divest their stake in Naivas International (Mauritius), which owns Kenyan supermarket chain Naivas.…

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TLcom Capital commits US$2mn fund to FirstCheck Africa, names Eloho Omame as Partner

27 June 2022

TLcom Capital, a prominent Africa-focused seed to series B venture capital firm, has committed $2 million to FirstCheck Africa and appointed Eloho Omame as a partner. The capital injection will enable FirstCheck Africa to support more high-growth, techno…

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Proparco invests US$31.5mn in Kenyan retail chain

27 June 2022

French sovereign wealth fund Proparco has acquired a US$31.5mn (Sh3.7 billion) stake in supermarket chain Naivas as part of a consortium that will take a combined 40 percent ownership in the retailer. Naivas had earlier announced that Proparco, Mauritian…

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Proparco completes pre-series-A investment in Moringa

26 June 2022

Building on the Seed Investment by DOB Equity and USD 9.5m funding by Mastercard Foundation, Moringa is excited to have recently received an investment from Proparco to support its expansion outside Kenya. This has seen the tech-based learning institution…

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British International Investment and Norfund to invest up to US$200mn in African hydropower

23 June 2022

British International Investment, the UK’s development finance institution, is joining Norfund, the Norwegian Investment Fund for developing countries, in its joint venture with Scatec ASA to provide capital for Africa’s hydropower sector.   This will b…

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CrossBoundary Energy Access secures US$25mn

16 June 2022

KENYA – CrossBoundary Energy Access (CBEA), a financing facility for mini-grids, has raised US$25 million in new funding commitments. The funds were from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund. Thi…

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IFC invests equity into African healthcare company Avacare

13 June 2022

Johannesburg, South Africa, June 13, 2022—To increase access to high quality, affordable healthcare products and services across Africa, IFC today announced a partnership with Avacare Global to help the company expand its manufacturing and distribution of…

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IFC set to invest US$26mn in Partech’s Africa Fund II

10 June 2022

The International Finance Corporation (IFC), the private sector arm of the World Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by the Paris-based VC firm Partech. The IFC said in the disclo…

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AfricInvest invest in Edtech startup GOMYCODE

09 June 2022

Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work revolved around building apps and iPhone games. When he came home to Tunis, he met many students who wanted…

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AIIM Acquires Majority Stakes in Three South African Solar Power Plants

09 June 2022

African Infrastructure Investment Managers (AIIM) has acquired, through its IDEAS Managed Fund (IDEAS), majority stakes in three new solar power plants in South Africa. The portfolio has been financed through a mix of debt and equity. Equity was funded …

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Sawari Ventures invests in Egypt lending platform ADVA

09 June 2022

Egypt-based fintech ADVA has raised an undisclosed "six-digit figure" Seed round from Sawari Ventures. Founded in 2020 by Rania Gaafar, ADVA is a consumer lending platform that allows customers to pay for a wide variety of services and products in inst…

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Proparco invests US$12mn in Africa frontier-market investor Maris

08 June 2022

Proparco, through AFD Group’s FISEA+ initiative, has just closed a $12m equity round with Maris Limited, an impact investor with expertise in frontier markets in East and Southern Africa. The climate-aligned investment will fund start-ups and SMEs in r…

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Axian Group invests in Egyptian fintech fund

08 June 2022

The AXIAN group is pleased to announce that it has joined Disruptech Egypt Fund I, a venture-capital fund dedicated to supporting tech-enabled and fintech startups in Egypt. Disruptech Egypt Fund I ("Disruptech"), is a venture-capital fund dedicated to d…

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Kasada acquires the Umubano hotel in Kigali, Rwanda

07 June 2022

Kasada acquires the Umubano hotel in Kigali, Rwanda The historic building will undergo full refurbishment to re-open as a 100-key Mövenpick hotel in 2025 Renovation will conform to high ESG standards KIGALI, Rwanda & PORT LOUIS, Mauritius--(BUS…

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Proparco and Swedfund makes investment into renewable energy company Serengeti Energy

02 June 2022

French Development Finance Institution Proparco invests 25 MUSD in Serengeti Energy, a Sub-Saharan hydro and solar-specialized independent power producer which develops, constructs, owns and operates grid-connected renewable energy resources in a region t…

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Mediterrania Capital Partners exits Groupe Cofina

25 May 2022

Mediterrania Capital Partners exits Groupe Cofina, the leading mesofinance and transactional financial services institution in West and Central Africa. Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-ca…

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AfricInvest closes its largest African midcap-focused fund raising over US$400mn

24 May 2022

- Completed fundraising of $411m, surpassing original hard cap, with contributions from institutional investors, development finance institutions and family offices across Africa, Europe and North America.- Already closed three deals in Ghana, Kenya and M…

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British International Investment (“BII” - formerly known as CDC Group), Norfund, and Finnfund invest into South African integrated food Business, Lona Group

23 May 2022

Consortium of global development finance institutions back Phatisa-led investment Expansion capital to drive growth and investment into cutting-edge, sustainable food production (Monday 23rd May 2022, Mauritius) – Phatisa, together with a consortiu…

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LeapFrog Investments and Tana Africa Capital invest in Interswitch to support financial inclusion and the fintech ecosystem across Africa

16 May 2022

The investment will further support Interswitch’s plans to expand digital payments ecosystem across sub-Saharan Africa  Interswitch provides financial services for Nigeria’s unbanked and underbanked customers and is targeting further financial inclusio…

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British International Investment and Citi agree US$100mn risk-sharing facility, to unlock supply chain finance for African businesses

16 May 2022

● The new Master Guarantee risk-sharing agreement will boost Citi’s supply chainfinance volumes in Africa by up to $400 million.● Facility will improve working capital for large enterprises and SMEs across Africa,boost supply of goods and services, enhanc…

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British International Investment re-establishes its presence in Kenya

13 May 2022

Nairobi - 13 May 2022 - On Thursday evening, Nick O’Donohoe, CEO of British International Investment (“BII”), joined British High Commissioner to Kenya, Jane Marriott OBE, at a reception to launch the rebranded UK government’s Development Finance Institut…

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Amethis jointly acquires GlobalCorp, a leading non-bank financial player in Egypt

11 May 2022

SPE Capital, a private equity firm focused on Africa and the Middle East, announces the acquisition, by its private equity fund SPE AIF I, of GlobalCorp for Financial Services S.A.E (GlobalCorp), a leading Egyptian non-banking financial services company…

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AIIM completes follow-on acquisition of MetroFibre

10 May 2022

African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx (MetroFibre), following approval from the Independent Communications Authority of South Africa. AIIM, alongside a consortium comprising South Af…

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IFC jointly supports small business lending and climate-smart projects

10 May 2022

Expansion of relationship includes IFC and IFC Financial Institutions Growth Fund acquiring a minority shareholding stake in Equity. IFC to support Equity's lending to MSMEs under the `Africa Recovery and Resilience Plan' with $165 million loan along w…

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British International Investment (BII) invests in Egyptian fintech, Paymob

09 May 2022

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture arm of PayPal, New-York-based venture capital Ko…

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Sanlam Private Equity successfully exits three investments

09 May 2022

Sanlam Private Equity (SPE) has successfully negotiated the sale of three private equity investments in the past 12 months, with expected sale proceeds totalling around R1.9 billion. SPE’s exits from Consol, Weldamax and Metrofibre Networx come after the …

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Kuramo Capital makes US$10 Million commitment to Uhuru Fund I

07 May 2022

Kuramo Capital Management (“Kuramo”), a Sub-Saharan Africa focused investment management firm, is pleased to announce its US$10 million commitment to Uhuru Growth Fund I (“UGF”). UGF is a middle market private equity fund launched by Uhuru Investment Part…

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Old Mutual Private Equity exits Consol Holdings

07 May 2022

Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, has sold its stake in Consol Holdings to Luxembourg-based Ardagh Group, one of the largest glass producers in the world, for an equity value of approximately R10bn (enterp…

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EXEO Capital acquires stake in SA's only manufacturer of animal active pharmaceutical ingredients

04 May 2022

The local pharmaceutical industry has the ability to make a significant contribution to South Africa’s gross domestic product as well as Africa’s broader socio-economic landscape. There are, however, very few examples of successful home-grown pharmaceutic…

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IFU et al. in US$15.5mn deal to back Africa GreenCo

04 May 2022

Lusaka, Zambia: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), the Danish Investment Fund for Developing Countries (IFU) and the EU-funded Electrification Financing Initiative (EDFI ElectriFi) have together committed US$15.5m…

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Future Africa, Wuri Ventures et al. back Norebase

04 May 2022

Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion ma…

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FMO jointly provides $10mn facility for clean cooking initiative

04 May 2022

The Netherlands Development Finance Corporation (FMO) is teaming up with BIX Capital to open a $10 million line of credit to C-Quest Capital (CQC). The company will use the facility to distribute environmentally friendly cook stoves in 15 sub-Saharan Afri…

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18ème conférence annuelle de l’AVCA : Plus de 50 pays et 500 investisseurs attendus à Dakar….

01 May 2022

Dakar est à l’honneur d’accueillir la 18ème conférence annuelle de  l’Association africaine du capital-investissement et du capital-risque (AVCA), plus de 500 leaders du capital-investissement de plus de 50 pays à travers le monde vont se réunir durant …

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Africa Finance Corporation attracts new equity from Ghana, Sierra Leone and Seychelles

28 April 2022

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, announces a boost to its shareholder capital after receiving US$35.5 million in equity investments from the Seychelles Pension Fund (SPF), the Government of Sierr…

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IFC creates loan to finance construction of green buildings

27 April 2022

The International Finance Corporation (IFC) will provide a R600 million (~$42m) loan package to Business Partners to finance the construction of green buildings. This is the IFC’s first loan in South Africa that is exclusively dedicated to green lending …

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Le Sénégal, quatrième pays qui engrange le plus d’investissements dans toute l’Afrique

26 April 2022

Le président-directeur général du Fonds d’investissement Afig Funds a soutenu, hier lundi, que le Sénégal est le quatrième pays qui engrange le plus d’investissements dans toute l’Afrique. ’’Le Sénégal est le quatrième pays qui engrange le pl…

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Norfund Invests in Cashew Processor in Cote d’Ivoire

26 April 2022

Norfund is investing USD 10 million to finance a cashew processing plant in Cote d’Ivoire. Processing of cashew nuts is expected to create 2000 new jobs.  Valency International Trading SARL (“Valency CIV”) is a subsidiary of Singapore-based Valency Inter…

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BluePeak Private Capital invests up to US$15m in Africure

26 April 2022

BluePeak Private Capital has agreed to invest up to $15m in Africure, a pan-African manufacturer and distributor of quality pharmaceutical goods.   Fulton Shiundu, Principal at BluePeak Private Capital, said: "Africure is a trusted manufacturing and dis…

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IFU invests in clean cooking fund

26 April 2022

The new fund, Spark+ Africa Fund, will aim investments at the health and climate challenges facing the rural population in Africa by replacing the current use of open fires, charcoal and kerosene for cooking with healthier and cleaner alternatives. IFU in…

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LE SÉNÉGAL, QUATRIÈME PAYS À ENGRANGER LE PLUS D’INVESTISSEMENTS EN AFRIQUE (PDG D’AFIG FUNDS)

25 April 2022

Dakar, 25 avr (APS) - Le président-directeur général du Fonds d’investissement AFIG Funds, a soutenu lundi que le Sénégal est le quatrième pays qui engrenage le plus d’investissements dans toute l’Afrique.   ’’Le Sénégal est le quatrième pays qui en…

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FBNQuest Funds exits MainOne Investment to Equinix Inc

20 April 2022

Lagos – April 2022 – FBNQuest, the investment banking, and asset management subsidiary of FBN Holdings Plc is pleased to announce the divestment of its stake in MainOne Cable Company (“MainOne”) to Equinix Inc. In 2009, FBNQuest Funds Limited (“FBNQuest …

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Norfund makes US$8mn investment in 1K1V's Redsun Dried Fruit and Nuts

20 April 2022

Norfund, a Norwegian Investment Fund for Developing Countries, has invested $8 million South Africa-based raisin processor and distributor Redsun Dried Fruit and Nuts (“Redsun”), a portfolio company of One Thousand and One Voices (1K1V). Redsun, locate…

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Standard Bank partners with Tana Africa Capital to support their growth ambitions in Africa

19 April 2022

Standard Bank Group is proud to announce its funding into Tana Africa Capital II (“Tana Africa Capital”), an investment company which aims to build African companies through growth capital, operational and strategic support. Tana Africa Capital has a port…

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AfricInvest and IFC invest in AutoXpress

13 April 2022

AfricInvest, a leading investment platform in Africa, has a acquired a 36% stake in AutoXpress, the largest importer, distributor and retailer of tyres, auto parts and accessories operating in Kenya, Rwanda, Tanzania and Uganda. The investment has been ma…

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IFU and Norfund invest US$27.9mn in Continental Blue Investments Ghana Limited (CBI).

11 April 2022

The proceeds will be used to increase local production of cement in Ghana and install the world’s largest calciner system to date, which will reduce CO2 emissions by up to 20 per cent per ton cement produced.  IFU and Norfund have invested USD 27.9m in C…

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IFC Invests in Algebra Ventures to Support Egyptian Tech Startups and Drive Innovation

10 April 2022

Cairo, Egypt, April 10, 2022—To support tech startups with access to finance and drive innovation and job creation primarily in Egypt, IFC today announced an investment in the second fund from venture capital firm Algebra Ventures. IFC's $15 million inve…

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Leapfrog sells 30% of its shareholding in Goodlife Pharmacies

07 April 2022

Eurapharma, CFAO’s healthcare division, becomes a significant minority shareholder in the leading East African pharmacy chain and digital health platform Synergies between Eurapharma’s wholesale operations and Goodlife’s retail distribution network to …

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CDC Group, Africa’s oldest development finance institution, formally becomes British International Investment

06 April 2022

CDC Group, Africa’s oldest development finance institution, formally becomes British International Investment  New name better reflects scope of UK’s development finance institution British International Investment to play key role in fighting the c…

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Swedfund announces an additional investment in African Rivers Fund 3

06 April 2022

Swedish Development Finance Institution Swedfund announces an additional investment of 4.45 MUSD in African Rivers Fund 3 (ARF 3) increasing Swedfund’s total commitment to 14.45 MUSD. ARF 3 primarily provides loan & equity financing to small and med…

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AIIM, Mokobela-Shataki consortium buy The Logistics Group for US$110mn

05 April 2022

The acquisition positions AIIM and Mokobela-Shataki as strategic players in the southern African logistics space, servicing capacity shortfalls, improving port-to-inland transport corridor efficiency and increasing economic activity.   Cape Town, 5 April…

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Comoros: African Development Fund commits $21.6 million to upgrade national road network

04 April 2022

The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the Afr…

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InfraCredit, FSD Africa Sign Technical Assistance Agreement to Unlock Climate-Aligned Local Currency Infrastructure Bonds in Nigeria

04 April 2022

We have signed a Technical Assistance Agreement with InfraCredit, a ‘AAA”(NG) rated specialised infrastructure credit guarantee institution in Nigeria, under which we will provide funding for technical assistance to support pre-feasibility studies as well…

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BluePeak’s Inaugural Fund Announces Second Investment in ieng

04 April 2022

BluePeak Invests in ieng BluePeak Private Capital’s investment supports ieng’s strategic objective to: Expand its presence across the continent Increase and improve mobile and internet connectivity in Africa through: (i) reliable servic…

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Zimbabwe: Local firms receive boost as African Development Bank approves $7.5 million trade finance guarantee facility for Central Africa Building Society

01 April 2022

The Board of Directors of the African Development Bank Group has approved a $7.5 million trade finance guarantee facility for the Central Africa Building Society (CABS) of Zimbabwe. This approval is the first for the Bank under its new transaction guarant…

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Verod Capital confirms acquisition of minority stake in Medplus

01 April 2022

Following an earlier report by Nairametrics on the acquisition of a minority stake in Medplus Limited (Medplus) by Verod Capital Limited Management, the private equity firm has confirmed that it has indeed completed the acquisition of a significant minori…

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IFC backs beverages company in Sierra Leone

01 April 2022

SIERRA LEONE – Kings Beverages, a soft drinks and fruit juices producer in Sierra Leone, has received a US$5m financial backing from international financial institution, IFC, and the Global Agriculture Food and Security Program, GAFSP. The loan, comprisi…

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Verod Capital invests in Medplus, Nigeria’s leading pharmaceutical retail chain, to Support its Growth

31 March 2022

LAGOS, NIGERIA – 31 March 2022: Verod Capital Management Limited (“Verod Capital”), a leading West African private equity firm is pleased to announce that it has completed the acquisition of a significant minority equity stake in Medplus Limited (“Medplus…

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Helios completes sale of 25% of Axxela to Sojitz

31 March 2022

Helios Investment Partners (“Helios”) and Sojitz Corporation (“Sojitz”), one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, announce the completion of the sale by Helios of a 25% interest in the holding compa…

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TPG Growth and Satya Capital sell stake in Holged to SPE Capital

31 March 2022

March 2022 – SPE Capital, a private equity firm focused on Africa and the Middle East, announces the acquisition, by its private equity fund SPE AIF I, of a strategic minority stake in Holding Générale d’Education (“Holged”), a leading private education g…

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LeapFrog Investments appoints Dominic Barton, former McKinsey Global Managing Partner, as Chairman

30 March 2022

New non-executive chairman joins impact investing pioneer as industry sees influx of global talent and institutional capital Dominic will support further scale-up of LeapFrog following $500m commitment from Temasek in 2021, the largest ever commitment …

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LeapFrog sells part of Goodlife Pharmacies stake

29 March 2022

Eurapharma, CFAO’s healthcare division, becomes a significant minority shareholder in the leading East African pharmacy chain and digital health platform Synergies between Eurapharma’s wholesale operations and Goodlife’s retail distribution network t…

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Kasada Acquires Iconic Cape Grace Hotel in Cape Town, South Africa

24 March 2022

Kasada Acquires Iconic Cape Grace Hotel in Cape Town, South Africa   Transaction marks Kasada’s first acquisition in South Africa The Cape Grace is one of the continent’s most recognised hotels Renovation will be guided by high ESG standards PORT…

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Injaro Investments Launches Injaro Ghana Venture Capital Fund

23 March 2022

23rd March 2022  Injaro Investment Advisors Limited Launches Injaro Ghana Venture Capital Fund, with a first close set for Q2 2022  Injaro Investment Advisors Limited, a Ghanaian growth capital investor, is delighted to announce the launch of the Injaro…

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OMAI invests ZAR 71m into the development of two new independent schools

23 March 2022

Old Mutual Alternative Investments (OMAI) has concluded a ZAR71 million debt and equity investment to develop two new independent schools in East London, with the aim of significantly enhancing access to quality education. The investment takes place throu…

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Meridiam signs the contract for the first electric bus in Africa in Dakar

21 March 2022

Meridiam has just signed the concession contract for the Bus Rapid Transit (BRT) project in Dakar. This project, that Meridiam will implement with its partners Keolis and Fonsis is the first of its kind in Africa[1], and represents a total investment of m…

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Prudential Financial and LeapFrog Investments announce intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited

18 March 2022

Prudential Financial and LeapFrog Investments are backing one of Africa’s leading independent providers of financial advice, retirement, investment, and wealth management services, further deepening their presence and potential to impact people’s lives ac…

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Kenya-based fintech 4G Capital to scale lending after raising $18.5M from Lightrock

16 March 2022

Kenya-based fintech company 4G Capital, which provides unsecured credit to micro enterprises, has raised $18.5 million in Series C funding from global private equity firm Lightrock. The equity funding comes as the fintech plans to roll out a series of ne…

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IFC Supports Egypt's Fintech Sector with Investment in Disruptech Ventures Fund

15 March 2022

Cairo, Egypt, March 15, 2022—IFC today announced an investment in a new venture capital fund from Disruptech Ventures to support development in Egypt's fintech sector and help expand access to financial services in the country. IFC committed $5 million i…

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AfricInvest FIVE joins mobility fintech Moove’s latest US$105m Series A2 funding round

14 March 2022

AfricInvest FIVE joins mobility fintech Moove’s latest US$105m Series A2 funding round AfricInvest, a leading investment platform in Africa, is joining mobility fintech Moove’s latest US$105 million Series A2 equity and debt financing round through its I…

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AfricaGoGreen Fund receives over $30 million investments from the African Development Bank, the Sustainable Energy Fund for Africa, and the Nordic Development Fund

10 March 2022

The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund(le lien est externe), a debt fund established to promote private investments in energ…

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IFC participates in $13.5M Antler East Africa Fund

10 March 2022

Early-stage investor Antler closed its oversubscribed East Africa investment fund at USD 13.5 Mn to continue to support early-stage tech start-ups in the region. The bumper investment round drew participation form leading investors such as Baillie Gifford…

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DFC Approves USD245m in Commitments to Adenia Capital, Monk’s Hill Ventures, ADM Capital & Meridiam Group

09 March 2022

DFC CEO Scott Nathan opened his first meeting of the Board of Directors following his confirmation by the U.S. Senate. WASHINGTON – The U.S. International Development Finance Corporation (DFC) Board of Directors has approved $245 million in investments t…

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Aruwa Capital Management Invests in Koolboks

04 March 2022

PRESS RELEASE Lagos, Nigeria, 4 March 2022 Aruwa Capital Management Invests in Koolboks A technology-enabled renewable energy refrigeration company for off-grid areas Aruwa Capital Management (“Aruwa”), an early-stage…

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AgDevCo secures $90m of DFI funding to further invest in African agribusinesses to deliver jobs, incomes, and food

24 February 2022

$50m of equity from the UK’s development finance institution, CDC Group, soon to be renamed British International Investment $20m of equity from the Norwegian investment fund for developing countries, Norfund; and $20m of senior debt from U.S. Interna…

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CDC/BII partners with FirstBank to support women and small business owners with a US$100m credit facility

23 February 2022

Facility to strengthen FirstBank’s commitment to gender financing with US$30 million targeted to women-owned and led businesses Partnership will enhance funding to local SMEs to boost growth and promote financial and social inclusion across Nigeria Th…

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Actis secures US$1.2bn impact-linked financing for latest energy fund

23 February 2022

London: Actis, a leading global investor in sustainable infrastructure, has secured an impact-linked revolving subscription credit facility for its latest energy fund. The fund, Actis Energy 5, recently closed with $6 billion of investable capital and wil…

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DEG’s new business 2021 above previous year's level at EUR 1.5 billion

21 February 2022

• Mobilised funds increase by 30%• New commitments in Latin America rise significantly• New business strategy: even stronger focus on impact and climate DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH can report a successful financial year …

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South Africa's largest renewable energy project Redstone CSP achieves first debt drawdown

17 February 2022

• The ZAR 11.6 billion Redstone concentrated solar power (CSP) project to power 200,000 households upon completion • Commercial operation scheduled to start in Q4 2023 • DEG provided a commitment of ZAR500m to the transaction. At ZAR 11.6 bn total inve…

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CDG Invest backs Freterium

17 February 2022

Freterium raises $4 million Seed Morroco-based digital trucking software startup Freterium, has raised $4 million in a Seed round led Partech, with participation from Y Combinator, Flexport, CDG Invest, Swiss Founders Fund, Outlierz Ventures, and angel…

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CDC/BII appoints four new managing directors

16 February 2022

London, 15 February 2022 - CDC, the UK’s development finance institution that will soon be renamed British International Investment (BII), has appointed four new managing directors. The appointments have been made as CDC/BII enters its new five year stra…

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Amethis invests in SIBM, the Ivorian leader in precast concrete products

16 February 2022

Amethis acquires a minority stake in SIBM, the leading manufacturer of precast concrete products in Côte d’Ivoire. Founded in 1952 in Abidjan, SIBM addresses 3 end markets: electrification, with the manufacturing of concrete electric poles; infrastructur…

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Janngo fund receives additional investment from EIB

16 February 2022

In the wake of the EU-Africa Business Forum, the European Investment Bank (EIB) has announced an additional €10 million through a first-loss equity investment in the Janngo Capital Start-up Fund as a flagship fund of the Boost Africa initiative.

This inv…

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CDC/BII provides US$30 million anchor commitment to AXIAN Telecom’s public listed bond

14 February 2022

London, 14 February 2022 - CDC Group, the UK’s development finance institution, today announced its anchor commitment of $30 million to AXIAN Telecom’s inaugural 5-year $420 million public bond offering. The company is a fast-growing provider of telecoms…

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IFC invests in Knife Capital Fund III to support South Africa’s digital entrepreneurs

14 February 2022

Johannesburg, South Africa, February 10, 2022—To support growth in South Africa's digital economy and increase access to financing for the country's tech entrepreneurs, IFC has invested in Knife Fund III, a new fund managed by Cape Town-based venture capi…

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PE firms Catalyst, Metier in partnership

03 February 2022

Private equity firm Catalyst Principal Partners has entered into a partnership with South Africa’s Metier Private Equity International in a deal that will see the latter manage two of the former’s funds worth Sh31.6 billion.

The two firms did not disclos…

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IFC and development partners back Ezdehar Fund to support growth of medium-sized businesses in Egypt

02 February 2022

Cairo, January 31, 2022 – To help medium-sized businesses in Egypt access the financing and tools they need to grow, create jobs, and overcome COVID-19 related challenges, IFC today announced an investment in a private equity fund managed by Ezdehar Manag…

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CDC establishes Ghana presence with appointment of new Coverage Director

02 February 2022

Kwabena Asante-Poku will lead the UK Development Finance Institution’s investment and stakeholder activities and presence in Ghana.  Asante-Poku's appointment and deep market knowledge supports CDC's investment drive and coverage of Ghana – Africa's 8…

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IFC invests in Egypt’s Brimore to support the growth of E-Commerce, create jobs and markets

02 February 2022

Cairo, Egypt, February 2, 2022—To support the growth of local manufacturers, create job opportunities, and develop e-commerce in Egypt, IFC today announced an equity investment in Brimore, a leading Egyptian social commerce platform that connects emerging…

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DEG backs African Mezzanine Investor Vantage Capital

02 February 2022

DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”), Germany’s development finance institution, has announced a USD 21m commitment to Vantage Capital’s fourth mezzanine fund. The investment solidifies the long-standing partnership betwee…

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DEG backs African digital infrastructure investor Convergence Partners

02 February 2022

DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”), Germany’s development finance institution, has announced a USD 20m commitment to Convergence Partners Digital Infrastructure Fund (CPDIF). The fund manager Convergence Partners has a s…

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TLcom secures first close of US$150mn Pan-African Tech Fund

27 January 2022

TLcom’s second African tech fund supported by new and returning investors from the private and public sector TLcom, the Africa-focused venture capital firm, has today announced a first close of $70mn for its $150mn Africa focused tech fund, firmly positi…

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DEG invests in East African e-commerce company Copia Global

26 January 2022

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, is providing equity capital of USD 7.5 million to the East African e-commerce company Copia Global Inc. (Copia). New capital will allow the company to grow its core business, drive its pan-Afr…

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Mediterrania Capital Partners appoints Hatim Ben Ahmed as Managing Partner

26 January 2022

Valletta - Mediterrania Capital Partners (MCP), 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 appointment of Hatim Ben Ahmed as Managing Partner of the firm…

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ZAR 68m Edufund investment into new KZN schools set to increase quality learning opportunities in underserved market

26 January 2022

Old Mutual Alternative Investments (OMAI) through its Education Investment Impact Fund of South Africa (EduFund) has concluded a debt and equity investment worth ZAR 68 million. The investment is geared towards developing two new schools in KwaZulu-Natal …

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OZÉ raises $3M to expand Digital Recordkeeping and Financial Services for African Businesses

26 January 2022

ACCRA, GHANA - JANUARY 26th 2022: OZÉ, the fintech startup which provides digital recordkeeping tools with embedded finance products to MSMEs across West Africa, announces it has raised $3M via a pre-Series A round led by major venture capital fund, Speed…

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Helios secures Africa’s first ESG-linked capital call facility for Fund IV

24 January 2022

Leading Africa-focused private investment firm Helios Investment Partners (“Helios”) is pleased to announce that it has secured an ESG-linked capital call facility for Helios Investors IV, L.P. (“Helios IV” or the “Fund”). Rand Merchant Bank and Standard …

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Adiwale Fund I announces the acquisition of a minority stake in IDC

21 January 2022

Mauritius/Abidjan, 18 January 2022 - Adiwale Fund I announces the acquisition of a minority stake in IDC. IDC is a drilling services company which started operations 10 years ago in Senegal and today also operates in Cote d’Ivoire, Mali and Guinea, with f…

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CDC Group beats 2020 Africa Investment Conference pledge to invest GBP2bn in Africa

20 January 2022

CDC Group reaches milestone despite upheaval caused by the pandemic Africa to remain the focus for investment over the next five-year strategy period London - 20 January 2022 - CDC Group, the UK’s development finance institution, today announced tha…

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IQ-EQ launches Hybrid Funds Desk to meet growing client and industry demand

20 January 2022

Leading global investor services provider announces new, market-leading offering for hybrid fund managers Luxembourg – January 20, 2022 – IQ-EQ, a leading global investor services provider, announced today the launch of its new Hybrid Funds Desk. The new…

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Bowmans shines at the Chamber Africa Awards

19 January 2022

Leading African law firm Bowmans has been recognised at the Chambers Africa Awards ceremony held on the 13th of January. The firm’s Kenyan practice was named Kenya Law Firm of the Year and its chairman and senior partner, Ezra Davids, was named South Afri…

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FinDev Canada and its 2X Canada facility invest in Energy Entrepreneurs Growth Fund to contribute to greater access to clean energy in Africa

19 January 2022

Montreal, January 2022 - FinDev Canada and its 2X Canada facility announced today a participation of up to US$ 13 million in Energy Entrepreneurs Growth Fund (EEGF). The Energy Entrepreneurs Growth Fund offers catalytic financing and technical assistance …

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Proparco and Absa join forces to support SMEs impacted by the Covid-19 crisis

19 January 2022

Proparco is collaborating with South Africa's third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the context of the continuing Covid-19 crisis. South Africa…

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AFC raises US$400mn in syndicated loan for critical infrastructure in Africa

18 January 2022

Lagos, 18 January 2022. Africa Finance Corporation, Africa’s leading infrastructure solutions provider, has raised USD$400 million in a new syndicated loan to support the post-pandemic recovery through critical development of infrastructure. The three-ye…

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White & Case named Africa-wide Dispute Resolution Law Firm of the Year

18 January 2022

Global Law firm White & Case LLP was named "Africa-wide Dispute Resolution Law Firm of the Year" at the Chambers Africa Awards 2022, presented on January 13. The Chambers Africa Awards recognise "a law firm's pre-eminence in key jurisdictions in the …

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TLcom Capital backs SeamlessHR, a startup building cloud HR and payroll solutions across Africa

17 January 2022

The funding round led by TLcom Capital will accelerate SeamlessHR’s next phase of growth and international expansion. Lagos, Nigeria - SeamlessHR, the leading human resources (HR) and payroll technology company in Africa, announces it has raised $10 mill…

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FMO grants EUR5mn loan to Fin'ELLE to support MSMEs and women in Cote d'Ivoire

13 January 2022

The COFINA Group is pleased to announce the new partnership with FMO, which has approved a EUR5mn investment with Fin'Elle, La Finance pour ELLE. The subsidiary of the COFINA Group is dedicated to supporting women entrepreneurs in Côte d'Ivoire and offeri…

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AfDB Board approves EUR10.5mn investment in tech startup fund to boost innovation across Africa

02 January 2022

The Board of Directors of the African Development Bank Group has approved an equity investment pool of EUR10.5mn toward the first close of the Janngo Start-Up Fund, a pan-African tech start-up fund. The pooled funds comprise EUR7mn provided by the Africa…

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Aruwa Capital Management invests in CrowdForce

01 January 2022

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 CrowdForce (the “Company”), a financial services distribution platform facilitating delivery of …

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RT @BritishIntInv: We're establing a first-of-its-kind trade access programme with @INOKSCapital. The $25 million funding is aimed at enabl…

📰 #Mauritius Legal & Regulatory Update In this #webcast, Shamima Mallam-Hassam, MD @TridentTrust, discusses Maurit… https://t.co/rtTj92Dh4x

RT @IFC_org: Private sector is developing solutions tackling #ClimateChange, #HumanCapital, finance and technology. Does your company have…

#Startups In Africa Are Solving Real Challenges Tijan Watt, co-founder & GP at Wuri Venture, explores troubling ma… https://t.co/iy5iNApcYz

For #PlasticFreeJuly we highlight the @BritishIntInv and @norfund investment in the #LonaGroup, a South African int… https://t.co/3nGiZQfqBO