2022

African Infrastructure Investment Managers invests in Kenya’s road network

24 November 2022

African Infrastructure Investment Managers invests in Kenya’s road network to support upgrades and connect rural communities Additional financing and new investment from AIIM will improve roads and link rural communities to marketplaces and town centres,…

Read more »

Carlyle agrees to sell majority stake in Amrod to Oppenheimer Partners

24 November 2022

24 November 2022 – Global investment firm Carlyle (NASDAQ: CG) today announced it has agreed to sell its majority stake in Amrod, the leading supplier of Branded Promotional Products in South Africa to Oppenheimer Partners Limited (“OP”). The financial de…

Read more »

Mediterrania announces Akdital's upcoming IPO in the Casablanca Stock Exchange

23 November 2022

23-11-2022. 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 pleased to announce that AMMC, the Moroccan Capital Market Authority, has ap…

Read more »

LoftyInc LAF3 full close

21 November 2022

LoftyInc Capital Management, an early-stage African-focused venture capital firm, announces the final close of its over-subscribed LoftyInc Afropreneurs Fund 3 (LAF3). It was raised in 8 months with participation from African HNWIs, US family offices, …

Read more »

Helios Investment Partners announces pivotal African data centre investments

16 November 2022

Helios Announces Pivotal Multi-Country African Data Centre Investments  and Hire of Distinguished Industry Expert Large-scale investments in North and East African data centres highlight Helios’ pioneering role in developing digital infrastructure plat…

Read more »

IFC Launches New Platform to Bolster Venture Capital Ecosystems

15 November 2022

Washington, D.C., November 15, 2022 — To help build the digital economy in Africa, Middle East, Central Asia, and Pakistan, IFC has launched a new $225 million platform to strengthen venture capital ecosystems and invest in early-stage companies addressin…

Read more »

FEDA invests US$85mn in ARISE IIP

06 November 2022

The Fund for Export Development in Africa (FEDA), the development impact investment platform of African Export Import Bank (Afreximbank), has invested $85m in ARISE Integrated Industrial Platforms (ARISE IIP), the pan-African infrastructure developer and …

Read more »

Mediterrania Capital Partners exits Groupe Scolaire René Descartes

02 November 2022

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, announces it has exited Groupe Scolaire René Descartes (GSRD), a private educational group…

Read more »

Mediterrania Capital Partners exits Groupe Scolaire René Descartes

02 November 2022

02-11-2022. 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, announces it has exited Groupe Scolaire René Descartes (GSRD), a private educat…

Read more »

EIB boosts clean energy financing

26 October 2022

EIB boosts clean energy financing in support of REPowerEU Plan Additional financing expected to mobilize up to €115 billion in investment for energy efficiency, renewables, grids, charging infrastructure, and storage Packag…

Read more »

Flourish launches Africa-focused pre-seed investment platform

24 October 2022

SAN FRANCISCO, Calif., October 24, 2022 – Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, today announced the launch of affiliate Madica, a structured investment program for pre-seed stage technology com…

Read more »

British International Investment launches in South Africa

20 October 2022

British International Investment launches in South Africa with renewed pledge to accelerate clean energy investments and back inclusive economic growth Johannesburg - 20 October 2022: British International Investment (BII), the UK’s developme…

Read more »

British International Investment & Norfund invest in African Forestry Impact Platform

19 October 2022

Opportunity to scale sustainable forestry in Sub-Saharan Africa and deliver climate, community, and biodiversity benefits NAIROBI - 19 October 2022: New Forests, along with its investment partners British International Investment (BII), Norfund a…

Read more »

Aruwa Portfolio Company Lifestores receives new Strategic Investor

13 October 2022

The round, which was oversubscribed by 50%, marks the first investment for Health54, the corporate venture arm of CFAO Group, which is the largest healthcare distribution channel in sub-Saharan Africa. Lifestores aims to increase the number of OGApharmacy…

Read more »

Sanari Capital back biometrics company

06 October 2022

Biometrics tech firm iiDENTIFii has raised $15 million in a growth capital round led by African investment company Arise whose investors include Rabobank Partnerships, Norfund, NorFinance and FMO. Growth-stage private equity firm Sanari Capital and US tec…

Read more »

AIIM commits US$150mn to create pan-African cold chain logistics

04 October 2022

To improve essential temperature-controlled logistics infrastructure in sub-Saharan Africa and ensure food security in the region, African Infrastructure Investment Managers (AIIM) and its investment partners, Bauta Logistics and Mokobela Shakati (Pty) Lt…

Read more »

Renew Capital backs minibus ride sharing platform Easy Matatu

04 October 2022

KAMPALA, Uganda, October 04, 2022--(BUSINESS WIRE)--In Kampala, a bustling city of 3.6 million people, commuting can be fraught with challenges. An estimated 80% of Kampala's transportation system is matatus—local mini-buses which are often dirty, overcro…

Read more »

PROPARCO sells its stake in BICICI

30 September 2022

Friday September 30, 2022 - The members of the consortium made up of the Banque nationale d'investissement (BNI), the Caisse nationale de prévoyance sociale (CNPS), the Caisse des dépôts et consignations de Côte d'Ivoire (CDC-CI) and the Institution de pr…

Read more »

Norfund invests in wind farms in South Africa

30 September 2022

Norfund is investing ZAR 365m (ca. NOK 220m) in wind farms in South Africa under the new Norwegian Climate Investment Fund. Three wind farms with a total capacity of 420 MW will be built by EDF Renewables, and Norfund is investing in the project through i…

Read more »

FEDA announces first close of US$670mn across four fund strategies

29 September 2022

(FEDA) - The Fund for Export Development in Africa (“FEDA”), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support intra-African trade growth, value-add export development and industrialization, is pleased to annou…

Read more »

IFU exits West African solar company to Shell

28 September 2022

After successful development, an IFU-led consortium of shareholders has sold 100% of the shares of the West African C&I solar company Daystar Power to Shell. Shell aims to scale up the company by growing its operations in West Africa and by expanding …

Read more »

Alitheia IDF leads US$11mn investment round in SweepSouth

27 September 2022

26 September 2022: SweepSouth, an online home services platform with presence across Africa, today announced that it has completed an US$11m investment round led by Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fu…

Read more »

Injaro Ghana Venture Capital Fund raises GHS127mn at first close

27 September 2022

Injaro Investment Advisors, a Ghanaian growth capital investor, has announced the successful first closing of the Injaro Ghana Venture Capital Fund (IGVCF), its inaugural Ghana Cedi denominated fund with GHS127m ($12.27) in total commitments. IGVCF is ta…

Read more »

TLcom backs procurement & business operations platform for restaurants across Africa

26 September 2022

Lagos, Nigeria. 26 September 2022 - Vendease, a Y Combinator backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity and debt funding rou…

Read more »

Oikocredit invests in Farmline

26 September 2022

Accra, Ghana & Amersfoort, the Netherlands – Farmerline Group today announced the second close of a Pre-Series A investment raise with an additional US$ 1.5 million investment from social impact investor Oikocredit. The investment is part of a total …

Read more »

Helios exits OVH Energy

22 September 2022

OVH Energy BV, a joint venture between Vitol and Helios, has completed the sale of its 100% share in OVH Energy Marketing Limited and ASPM Limited to Nueoil Energy Limited, a local Nigerian company. OVH Energy Marketing Limited and ASPM Limited are now wh…

Read more »

Norfund invests in Zambian soya processor 

20 September 2022

Norfund is investing 5 million USD in 260 Brands to finance the company’s expansion into production of soymilk, creating jobs and increasing access to locally-produced nutritious food.    260 Brands is an agro-processing company based in Lusaka, Zambia, …

Read more »

AfricInvest leads venture financing for insurtech platform 

19 September 2022

Insurance penetration in Africa is currently below 3% largely attributable to the slow adoption of innovation in the sector. Many underwriters rely on traditional systems involving agents and lots of paperwork to sign up new customers, which limits custom…

Read more »

Janngo Capital reaches first close

12 September 2022

New-York, September 12, 2022 – At the eve of the 77th Session of the UN General Assembly (UNGA), Janngo Capital Startup Fund (JCSF) has announced its first close at EUR34 million (approximately US$36 million) in capital commitments. Launched in Davos in 2…

Read more »

Sanari Capital announces first close for new fund

08 September 2022

Johannesburg, 8 September 2022 – Sanari Capital has announced a R475 million (c.$28 million) first close on its Sanari 3S Growth Fund (Sanari 3SG). The private equity firm focuses on investments in growth companies emanating from Africa (mainly from South…

Read more »

BII backs Algebra Ventures and Endure Capital

07 September 2022

British International Investment (BII), the UK's development finance institution (DFI) and impact investor, has announced new commitments to Algebra Ventures and Endure Capital. The capital will support Algebra Ventures’ second fund following the success…

Read more »

IFC signs Malawi hydropower agreement 

06 September 2022

Lilongwe, Malawi, September 6, 2022--The Government of Malawi (GOM), IFC, Scatec and EDF today sign a binding commercial agreement to undertake the co-development of the Mpatamanga hydropower project. The agreement, signed under Malawi's Public-Private P…

Read more »

Amethis MENA Fund II secures €120mn

31 August 2022

Amethis Investment Fund Manager S.A., the alternative investment fund manager dedicated to long-term responsible investing across the African continent, and Edmond de Rothschild Private Equity, are pleased to announce the final close of Amethis MENA Fund …

Read more »

CDP agrees debut EUR100mn loan for Africa Finance Corporation to support transition in Africa

31 August 2022

Lagos, 31 August 2022 – Investing in renewable energy, implementing energy efficiency projects and building sustainable infrastructure in Africa. These are the purposes of the 100 million euro loan granted by Cassa Depositi e Prestiti (CDP) to Africa Fina…

Read more »

Helios and Japan's Sojitz sign MoU

30 August 2022

On August 30, 2022, Japanese trading house Sojitz Corporation (“Sojitz”) and Helios Investment Partners LLP (“Helios”) signed a memorandum of understanding (“MoU”) to collaborate on a wide range of projects across sectors in Africa.Helios is a leading Afr…

Read more »

Actis signs agreement with Egyptian government for green hydrogen development

26 August 2022

Green hydrogen to be a key enabler of the global Energy Transition, offers excellent solutions for decarbonisation Actis’ track record in supporting the Energy Transition in MEA was a key factor in Egyptian government’s decision London, Cairo, 2…

Read more »

RisCura: Emerging Manager Technical Assistance Facility Program (EMTAFP)

24 August 2022

USAID, in partnership with MiDA Advisors and RisCura, are excited to announce that applications for the RisCura Emerging Manager Technical Assistance Facility Program (EMTAFP) are now being accepted. EMTAFP is a six-month program that will run from mid-S…

Read more »

Tana Africa Capital and Sango Capital announce investment in Sundry Markets, one of the fastest growing grocery retailers in Nigeria

24 August 2022

Tana Africa Capital (“Tana”) and Sango Capital (“Sango”) are pleased to announce a minority investment in Sundry Markets (“Company”), one of Nigeria’s fastest-growing modern grocery retailers. The transaction marks a partial realization of the capital inv…

Read more »

AfricInvest Maghreb Private Equity Fund IV provides US$30mn in ArabyAds Pre-Series B funding round, aiming at African and global expansion

23 August 2022

- Leading African investment platform backs ArabyAds ambitious growth plan- The company plans to use the funds to expand its footprint regionally and globally.- ArabyAds also intends to invest significantly in ramping up its technological capabilities to …

Read more »

IBIS bolsters North Africa expansion with new Cairo office

15 August 2022

IBIS Consulting, a leading emerging market ESG and impact advisory, is expanding its North Africa footprint with the opening of an office in Cairo, Egypt. This is the company’s fifth branch in Africa in a bid to strengthen its foothold in two key financia…

Read more »

IFC finances Nigerian agrochemicals manufacturer Jubaili

11 August 2022

The International Finance Corporation (IFC) is offering a $35 million financing package to Jubaili Agrotec, a Nigeria-based agrochemicals manufacturer and distributor, to increase smallholder farmers’ access to key input and boost food production to stren…

Read more »

Helios-managed climate-focused PE fund receives anchor investment

09 August 2022

London, United Kingdom:  InfraCo Africa, the African development arm of the Private Infrastructure Development Group (PIDG), today announced a US$43 million anchor investment into Climate, Energy Access and Resilience (CLEAR), a climate-focused fund advis…

Read more »

Pearl Capital Partners investment in Kamp Group Limited

09 August 2022

Yield Uganda Investment Fund, an agribusiness impact investment vehicle managed by Pearl Capital Partners, has struck its second deal of the year after hacking a Ugandan agriculture supply chain firm last month. The fund, alongside Danish investor Gorm Pe…

Read more »

Actis Africa Real Estate Fund first close

08 August 2022

Lagos, Nigeria, 22 July 2022: Actis, a leading global investor in sustainable infrastructure has recently concluded a first close of its real estate fund, Actis West Africa REIF LP (“NREIF”) or the (“Fund”) at US$45m.Anchor investors in the first close in…

Read more »

IFC Invests in West African Fund to Boost Growth of SMEs and Women-Led Businesses in the Region

03 August 2022

Lagos, Nigeria, August 03, 2022 — IFC today announced an investment in Uhuru Growth Fund I, a fund managed by Uhuru Investment Partners (Uhuru), a middle-market private equity firm in West Africa. The fund will provide growth capital to the region's small…

Read more »

PIC US$100mn equity investment in Africa Finance Corporation

02 August 2022

In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africa’s largest asset manager, with over US$150 billion in assets under management, pla…

Read more »

Actis acquires stake in Yellow Door Energy

29 July 2022

Published: 29 July 2022 Dubai-based Yellow Door Energy is the leading Middle East and Africa focused platform targeting more than 1GW of distributed solar and related energy solutions to C&I customers in the region The company’s mission is to …

Read more »

Kasada acquires former Crowne Plaza in Nairobi

28 July 2022

Kasada’s second acquisition in East Africa and first in Kenya Hotel is in a prime location in Upper Hill, home to local and international institutions Refurbishment of the 206-key hotel will begin before the end of the year July 28, 2022 …

Read more »

British International Investment and FMO commit US$116mn to African Infrastructure Investment Fund 4

27 July 2022

·      Investment in the Fund will boost renewable energy, digital infrastructure, mobility and logistics sectors ·      At least 20 per cent of capital earmarked to fund climate finance qualifying infrastructure projects across Africa ·      The Fun…

Read more »

Amethis exits Pétro Ivoire, the leading retail distributor of oil and gas products in Côte d’Ivoire

25 July 2022

Abidjan, July 27, 2022 – Amethis is pleased to announce its successful exit of Pétro Ivoire, the leading retail distributor of oil and gas products in Cote d’Ivoire, through the sale of its minority stake to Caisse Nationale de Prévoyance Sociale (CNPS), …

Read more »

Proparco invests US$31.5mn into Kenya's leading modern retail chain

24 July 2022

Proparco, is pleased to announce its partnership with IBL Group, the largest conglomerate of Mauritius (listed on the Mauritius Stock Exchange), and DEG, a subsidiary of German KfW Group, to jointly acquire a 40% interest in Naivas International, which ow…

Read more »

AfricInvest and Seedstars Africa Ventures back Bizao

22 July 2022

Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announces an €8 million series A funding round led by AfricInvest Financial Inclusion Vehicle (AfricInvest FIVE), Adelie and Seedstars Africa Ventu…

Read more »

FMO invests US$145mn in Green Climate Fund

21 July 2022

The Board of the Green Climate Fund (GCF) has approved the joint FMO – Climate Fund Managers (CFM) USD 145mln proposal to accelerate private sector investments in low-emission and climate-resilient water, sanitation and ocean projects, entitled Climate In…

Read more »

FMO invests US$10mn in Algebra Ventures’ second fund

20 July 2022

FMO, the Dutch entrepreneurial development bank, and Algebra Ventures, Egypt’s venture capital firm, signed a $10m commitment for the fund manager’s second fund. Algebra Ventures’ second fund invests in technology start-ups in Egypt with an allocation fo…

Read more »

British International Investment invest in South Africa’s largest renewable energy PV and battery storage project

20 July 2022

MEDIA RELEASE JOHANNESBURG, 20 July 2022 – Standard Bank and British International Investment (“BII”) have partnered with Scatec and H1 Holdings to successfully reach financial close on the first sizable battery energy storage and photovoltaic (PV) solar…

Read more »

Cathay AfricInvest Innovation Fund announces final close at €110m

19 July 2022

The investment company, AfricInvest, and venture capital firm, Cathay Innovation, have announced the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund (CAIF) at €110M. The fund is backed by LPs such as EIB, AfricaGro…

Read more »

Actis to exit Lekela Power

18 July 2022

Global sustainable infrastructure investment major Actis has agreed to sell Africa’s largest pure play renewable energy independent power producer Lekela. The private equity firm created Lekela in 2015 alongside a consortium led by Mainstream Renewable P…

Read more »

IFC to invest US$35mn Zambia’s Zambeef

18 July 2022

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, is pleased to announce that is has entered into a ZMW 570 million (US$35 million) debt facility with the International Finance Corp…

Read more »

IFC and Zambeef Partner to Boost Food Security

18 July 2022

Lusaka, Zambia, July 18, 2022—IFC and Zambeef Products PLC, one of the region's leading agribusiness companies, are joining forces to boost food security and strengthen Zambia's agricultural sector to create jobs and help fight poverty. IFC will invest u…

Read more »

IFC provides funding to South African housing developer

16 July 2022

African cities become home to over 40,000 people every day; many of whom migrate from rural areas. Once they arrive, they often have nowhere to live. Rapid urbanization is outpacing housing markets across Africa.  In Kenya, the shortage of housing is esti…

Read more »

FSD Africa commits US$3.5mn to Catalyst Fund

14 July 2022

[Press release] FSD Africa invests $3.5M in Catalyst Fund to accelerate and scale pre-seed impact ventures in Africa LONDON, UK, July 14, 2022 - Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, announced today that FSD Africa has i…

Read more »

Swedfund invests in BluePeak Private Capital and Vantage Mezzanine Fund IV

14 July 2022

BluePeak Private Capital and Vantage Mezzanine Fund IV, two Africa-focused credit funds, have received a total of USD 45mn from Swedfund. With this commitment, the Swedish DFI is helping to close the funding gap for mid-sized companies that suffer from a…

Read more »

EDFI ElectriFI and Oikocredit co-invest in solar company

11 July 2022

Solar Panda, which designs, manufactures and distributes pay-as-you-go solar home systems to low-income communities in Kenya has received US$8mn in funding from Oikocredit and Electrification Financing Initiative (EDFI ElectriFI) Since 2018, Solar Panda …

Read more »

Oikocredit support off-grid power for low-income Kenyans with Solar Panda

07 July 2022

The new partnership will help sustain in-country growth of clean, safe and affordable domestic electricity. Amersfoort, the Netherlands, Brussels, Belgium and Nairobi, Kenya – Social impact investor and worldwide cooperative Oikocredit and the EU-f…

Read more »

IFC invests in mobile money company

06 July 2022

IFC has invested €90 million in Wave Mobile Money to spur financial inclusion and support economic growth in Senegal and Côte d'Ivoire. International Finance Corporation, a member of the World Bank Group has invested  €90 million in Wave, Francophone Afr…

Read more »

British International Investment and INOKS Capital announce first-of-its-kind Africa-focused trade access programme

06 July 2022

Trade Access Program (TAP) is launched with US$ 25 million capital from British International Investment (BII) The programme aims to strengthen trade across Africa by backing the growth of small and medium-sized enterprises (SMEs), AgriTech, FinTechs a…

Read more »

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 –…

Read more »

IFC invests in BOCOM Petroleum to improve access to cleaner cooking fuel across Cameroon

30 June 2022

Douala, Cameroon, June 30, 2022 — To boost access to cleaner and more reliable cooking fuel in Cameroon, especially for the country's underserved rural households, IFC today announced a partnership with BOCOM Petroleum SA (BOCOM), a leading Cameroonian im…

Read more »

Amethis and IFC to sell stake in Kenyan retailer Naivas to Proparco and DEG

27 June 2022

Amethis, alongside its partners, DEG, MCB Private Equity, and IFC, a member of the World Bank Group, are pleased to announce they have reached an agreement to sell their stake in Naivas International (Mauritius), which owns 100% of the shares of Naivas Li…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

FMO proposes investment in West African solar company

22 June 2022

FMO: Proposed Investment  Who is our prospective client? SolarX is a Commercial and Industrial (“C&I”) solar rooftop business active in Mali, Burkina Faso and Senegal. SolarX offer affordable, clean and reliable power assets with attractive economic…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

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…

Read more »

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…

Read more »

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…

Read more »

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 …

Read more »

🤝Join us next week: #AVCAConnect Sandton Sun Hotel #Johannesburg #AVCARegionals coming to J'burg to engage with th… https://t.co/jDDqzJzw4Y

📰 @OneCarlyle agrees to sell majority stake in @AmrodCorp to @Oppenheimer Partners Read more:… https://t.co/0TsaWzoWMy

⏰AVCA MEMBERS: Don't forget to Register before joining your peers at AVCA Member organisations at 1PM BST today, to… https://t.co/OQFnVFNnC4

🤝It’s not too late to book your place #AVCAConnect with Anjarwalla & Khanna! JOIN US for an informal evening of ne… https://t.co/204DRRwUKs

As #COP27 announced #lossanddamagefund for countries vulnerable to #climatechange we reflect on Africa’s path to… https://t.co/oxDiDWVZEw