17 January 2023
WeLight Madagascar’s access to energy initiative will receive €19 million in financing from the EIB, Triodos Investment Management and EDFI ElectriFI — the EU-funded Electrification Financing Initiative. The financing will be used to build and develop …
Read more »09 January 2023
Lagos, Nigeria, 09 January 2023 Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana is pleased to announce a follow-on investment into AgroEknor International (“AgroEknor…
Read more »30 December 2022
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…
Read more »29 December 2022
Mediterrania Capital Partners has sold part of its stake at Akdital through an IPO at the Casablanca Stock Exchange. Founded in 2010 by Dr Rochdi Talib, chairman and CEO, Akdital Group is the leading private clinic group in Morocco with a network of 17 m…
Read more »21 December 2022
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 R…
Read more »20 December 2022
LAGOS, NIGERIA – 20 December 2022: Verod Capital Management Limited (“Verod”), one of Africa’s leading investment management firms, is pleased to announce that its Verod Capital Growth Fund II has fully exited from its investment in Daystar Power Group (“…
Read more »16 December 2022
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. Casablanca. Mediterr…
Read more »16 December 2022
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. Sun King is the largest provider of solar ener…
Read more »15 December 2022
· $50 million credit line provided to Zambia National Commercial Bank in a boost for small businesses and climate-related projects in Zambia British International Investment, the UK’s development finance institution and impact investor, has provided a $…
Read more »15 December 2022
BluePeak Private Capital's inaugural impact-driven fund announced an investment of US$ 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 mobilit…
Read more »14 December 2022
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. TLG Capital is an investment holding company which focuses on p…
Read more »14 December 2022
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. TLG Capital is an investment holding company which focuses on p…
Read more »13 December 2022
Sahel Capital has exited L&Z Integrated Farms Limited, an integrated dairy processing company in Nigeria. In February 2015, Sahel Capital, through its maiden fund, Fund for Agriculture Finance in Africa (“FAFIN”), invested in L&Z Integrated Farms…
Read more »13 December 2022
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. Legendary…
Read more »13 December 2022
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. Legendary Foods has deve…
Read more »12 December 2022
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, whil…
Read more »05 December 2022
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 succ…
Read more »02 December 2022
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. Metropolitan Hospital Holdings Limited (MHHL), is a holding c…
Read more »02 December 2022
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 R…
Read more »29 November 2022
Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the biggest segment of this $50 billion industry — these systems …
Read more »29 November 2022
Most large restaurant chains across Africa have grown accustomed to using legacy systems and point-of-sale providers to manage operations. However, for smaller restaurants — which represent the biggest segment of this $50 billion industry — these systems …
Read more »28 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, is proud to announce that AMMC, the Moroccan Capital Market Authority, has approved Akdita…
Read more »28 November 2022
Abidjan, Côte d’Ivoire, November 24th, 2022 - Djamo, a Y Combinator-backed fintech building the leading personal finance company in Francophone Africa has raised $14 million in an equity round to continue building a full suite of financial services and ex…
Read more »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 »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 »24 November 2022
AIIM, Africa’s largest dedicated infrastructure private equity manager, has committed to invest $34m into Kenya’s Road Annuity Programme through its pan-African AIIF4 Fund. AIIF4 has acquired a 74% stake in Lots 15 and 18 of Kenya’s Road Annuity Programm…
Read more »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 »23 November 2022
The Amethis team is pleased to announce its successful exit from the capital of CFG Bank (Morocco). In 2018, Amethis invested in CFG Bank to accompany its new phase of development as well as the expansion of its commercial banking activity. Nearly 5 yea…
Read more »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 »17 November 2022
Adumo, the leading independent payments processor operating across sub-Saharan Africa, has successfully raised R190m to increase its shareholding and control in some of its recent acquisitions.Chief executive officer of Adumo, Paul Kent commented, “Local …
Read more »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 $30 million in an equity and debt funding rou…
Read more »26 September 2022
Accra, Ghana & Amersfoort, the Netherlands – Farmerline Group today announced the second close of a Pre-Series A investment raise with an additional US$ 1.5 million investment from social impact investor Oikocredit. The investment is part of a total …
Read more »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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$8mn in funding from Oikocredit and Electrification Financing Initiative (EDFI ElectriFI) Since 2018, Solar Panda …
Read more »07 July 2022
The new partnership will help sustain in-country growth of clean, safe and affordable domestic electricity. Amersfoort, the Netherlands, Brussels, Belgium and Nairobi, Kenya – Social impact investor and worldwide cooperative Oikocredit and the EU-f…
Read more »06 July 2022
IFC has invested €90 million in Wave Mobile Money to spur financial inclusion and support economic growth in Senegal and Côte d'Ivoire. International Finance Corporation, a member of the World Bank Group has invested €90 million in Wave, Francophone Afr…
Read more »06 July 2022
Trade Access Program (TAP) is launched with US$ 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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 »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 $3M via a pre-Series A round led by major venture capital fund, Speed…
Read more »24 January 2022
Leading Africa-focused private investment firm Helios Investment Partners (“Helios”) is pleased to announce that it has secured an ESG-linked capital call facility for Helios Investors IV, L.P. (“Helios IV” or the “Fund”). Rand Merchant Bank and Standard …
Read more »21 January 2022
Mauritius/Abidjan, 18 January 2022 - Adiwale Fund I announces the acquisition of a minority stake in IDC. IDC is a drilling services company which started operations 10 years ago in Senegal and today also operates in Cote d’Ivoire, Mali and Guinea, with f…
Read more »20 January 2022
CDC Group reaches milestone despite upheaval caused by the pandemic Africa to remain the focus for investment over the next five-year strategy period London - 20 January 2022 - CDC Group, the UK’s development finance institution, today announced tha…
Read more »20 January 2022
Leading global investor services provider announces new, market-leading offering for hybrid fund managers Luxembourg – January 20, 2022 – IQ-EQ, a leading global investor services provider, announced today the launch of its new Hybrid Funds Desk. The new…
Read more »19 January 2022
Leading African law firm Bowmans has been recognised at the Chambers Africa Awards ceremony held on the 13th of January. The firm’s Kenyan practice was named Kenya Law Firm of the Year and its chairman and senior partner, Ezra Davids, was named South Afri…
Read more »19 January 2022
Montreal, January 2022 - FinDev Canada and its 2X Canada facility announced today a participation of up to US$ 13 million in Energy Entrepreneurs Growth Fund (EEGF). The Energy Entrepreneurs Growth Fund offers catalytic financing and technical assistance …
Read more »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 »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 »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 »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 »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 »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 »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 »
Who will be in #Cairo for #AVCA2023 Panel 5: Frontier Markets – Outside the Big 4 This panel observes the… https://t.co/gH7T0zLSoC
💧 This #WorldWaterDay we spotlight @IFC_org who works with clients in #emergingmarkets to build innovative, market-… https://t.co/Fif0aM4DtJ
RT @BritishIntInv: For #InternationalDayofForests we're celebrating our partnerships to scale sustainable forestry in Africa. This include…
Hear what delegates had to say about the #AVCA2022 #PrivateEquity Conference... #AVCA2023 Agenda:… https://t.co/JpmkXjkeyl
This #InternationalDayofForests we spotlight @norfund and @BritishIntInv and their investment in the African… https://t.co/1OsaYkVHw8
