Member News
30 December 2022
BluePeak invests in African asset leasing company Watu
BluePeak Private Capital's inaugural impact-driven fund has announced an investment of $20 million in Watu Africa, marking the fourth investment for the fund. Watu is an East African asset leasing company that focuses on improving mass-market mobility and has a presence in six countries across Africa. The company has financed over 400,000 two and three-wheeler vehicles since its inception.
Member News
29 December 2022
Mediterrania exits Morocco's Akdital through an IPO
Mediterrania Capital Partners has sold part of its stake at Akdital through an IPO at the Casablanca Stock Exchange.
Member News
26 December 2022
Seedstars Africa Ventures et al. invest in Egypt's Suplyd
Suplyd, an Egypt-based startup that digitises supply chain operations for the MENA region’s hotels, restaurants, and catering (HORECA) industries, has raised a US$1.6 million pre-seed funding round to help it scale faster.
Member News
21 December 2022
Samata Capital, Future Africa et al. Invest in Uncover
Africa’s beauty and personal care market is growing, accelerated by its burgeoning young and fashion-conscious population, increased spending power and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants.
Member News
20 December 2022
Verod Capital Management Exits Daystar Power Group to Shell
LAGOS, NIGERIA – 20 December 2022: Verod Capital Management Limited (“Verod”), one of Africa’s leading investment management firms, is pleased to announce that itsVerod Capital Growth Fund II has fully exited from its investment in Daystar PowerGroup (“Daystar”) to Shell Plc (“Shell”).  
Member News
16 December 2022
Mediterrania Capital Partners exits Akdital through an IPO at the Casablanca Stock Exchange (CSE)
Akdital, with the support of Mediterrania Capital Partners, has provided the largest IPO at the CSE since 2008. The national leader in the private clinic sector is the first healthcare company traded in the capital market in Morocco.
Member News
16 December 2022
LeapFrog Investments invests US$70mn in Sun King
Debevoise & Plimpton LLP has advised LeapFrog Investments (“LeapFrog”) as lead investor in Sun King’s $70 million equity investment round, part of an extension of its initial $260 million Series D round.
Member News
15 December 2022
British International Investment backs Zambian climate entrepreneurs
$50 million credit line provided to Zambia National Commercial Bank in a boost for small businesses and climate-related projects in Zambia 
Member News
15 December 2022
BluePeak announce US$20mn investment in Watu Africa
BluePeak Private Capital's inaugural impact-driven fund announced an investment of US$ 20.0 million in Watu Africa, this marks the fourth investment of the fund. Watu is a leading East African asset leasing company focused on improving mass-market mobility. With a presence in 6 countries across Africa, the company has financed over 400k two and three-wheeler vehicles since inception.
Member News
14 December 2022
Future Africa launches US$25mn venture debt fund
TLG Capital and Future Africa have launched a US$25 million venture debt fund from TLG’s existing funds, earmarked for companies from the Future Africa portfolio who meet specified criteria.
Member News
13 December 2022
Sahel Capital successfully achieved the mandate of FAFIN in L&Z Integrated Farms Limited and Exits
Sahel Capital has exited L&Z Integrated Farms Limited, an integrated dairy processing company in Nigeria.
Member News
13 December 2022
Baylis invests in Legendary Foods Africa
GHANA – Legendary Foods Africa, a Ghanaian foodtech company focused on production of insect protein for human consumption, has bagged a growth equity investment from an Africa focused private equity firm, Baylis Emerging Markets.
Member News
12 December 2022
Aruwa Capital Management invests US$2.5mn in Taeillo
Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like Ikea. But both options have pros and cons; for the latter, local furniture stores may lack the quality that clients need, while global retailers, in addition to taking several months to ship their products to Africa, can be too pricey. 
Member News
5 December 2022
Female founded and led Aruwa Capital Management achieves final close on Fund I
Oversubscribed fund secures large backing from global institutional LPs Aruwa Capital Management (“Aruwa” or “Aruwa Capital”), a Lagos based female founded and led early-stage growth equity and gender lens investment fund, is pleased to announce the successful close of its first institutional fund, which was oversubscribed, surpassing its target of $20 million. The fund’s first institutional and anchor investor is Visa Foundation, followed by other investors such as Mastercard Foundation Africa Growth Fund, Nyala Venture, backed by Financial Sector Deepening Africa Investments and leading family businesses from Africa, Europe and the United States.
Member News
2 December 2022
TPG-backed Evercare’s stake in Nairobi-based hospitals
KENYA – The Evercare Health Fund has sold its 54.9 per cent stake in Metropolitan Hospital Holdings to co-investor, The Metro Group, which currently holds a 41.8 per cent stake in the company.
Member News
2 December 2022
Kenya’s Uncover raises $1M to expand skincare product enterprise across Africa
Africa’s beauty and personal care market is growing, accelerated by its burgeoning young and fashion-conscious population, increased spending power and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants.