Saturday, April 20, 2019 UTC

AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
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Fund Performance (USD returns)

Africa Global Funds’ proprietary database provides searchable investment information on listed funds covering African region. The section covers USD fund performance for long only, hedge funds, fixed income and trade finance funds.

Limited Access: requires "Professional" subscription, Subscribe to AGF now!
NameUpdatedYTD1 Month1 Year3 Year5 YearAUM ($,m)StrategyFocusDomicileTypeStart
******* 2019-02-28 +7.57 +3.10 -7.80 +6.00 243.60 (02/19) ******* Africa ex-SA Cayman Isl. Open-End 01/14
******* 2018-09-17 -5.14 327.58 (05/18) ******* African region Luxembourg SICAV 07/12
******* 2019-03-31 +5.64 -0.75 36.10 (03/19) ******* Africa ex-SA Ireland UCITS 11/16
******* 2019-03-31 +3.97 +1.27 +1.45 +6.29 5.53 (03/19) ******* African region Mauritius Open-End 05/14
******* 2019-01-31 -5.02 -5.02 -23.19 -0.46 ******* African region Cayman Isl. Open-End 10/14
******* 2019-03-31 +0.57 -2.22 -19.46 +11.15 -0.07 183.00 (03/19) ******* Africa & Middle East Malta SICAV 09/11
******* 2019-04-16 +3.41 +3.37 +0.39 17.74 (12/18) ******* Africa & Middle East Bermuda Open-End 07/99
******* 2019-03-31 +11.83 +3.53 +9.80 91.24 (03/19) ******* Africa ex-SA South Africa Open-End 11/15
******* 2019-03-31 +7.26 -1.71 -15.03 +3.86 -4.09 174.70 (03/19) ******* African region Luxembourg SICAV 5/08
******* 2019-02-28 +5.81 -2.70 -13.22 +8.52 -3.31 136.46 (02/19) ******* African region Luxembourg SICAV 11/13
******* 2019-03-31 +4.60 +2.10 -15.60 +11.50 -4.20 256.00 (03/19) ******* Africa ex-SA Mauritius Open-End 1/12
******* 2019-04-16 +12.91 +2.25 -12.59 +15.85 -11.12 76.29 (03/19) ******* African region Luxembourg SICAV 6/09
******* 2019-03-31 +5.40 -2.30 53.30 (02/18) ******* African region Cayman Isl. Open-End 04/09
******* 2019-03-31 -17.70 -25.30 -42.42 -5.08 -12.34 9.94 (02/18) ******* Zimbabwe BVI Open-End 3/07
******* 2019-03-31 -0.99 -5.80 -18.12 +3.15 -2.70 6.94 (03/19) ******* African region Mauritius Open-End 7/08
******* 2019-03-31 +5.01 +0.94 -14.87 +3.71 ******* African region Open-End 6/06
******* 2019-03-31 +0.32 +0.29 +1.67 -8.97 -14.66 0.27 (03/19) ******* African region Guernsey Open-End 01/07
******* 2019-03-14 +2.15 +3.39 -1.94 7.62 (03/19) ******* African region Luxembourg SICAV 01/11
******* 2019-04-16 -4.54 +4.56 0.99 (04/19) ******* Africa ex-SA South Africa 04/2017
******* 2019-02-28 +2.03 +5.95 +3.75 0.35 (02/19) ******* MENA Malta SICAV 01/06
******* 2019-02-28 +4.63 +0.75 -12.64 +15.85 -11.08 1.00 (02/19) ******* African region Mauritius Open-End 03/13
******* 2019-04-16 +9.33 -14.28 +3.70 -0.25 36.17 (04/19) ******* African region Netherlands Open-End 6/08
******* 2019-04-16 +7.64 +4.62 +23.67 +13.10 17.52 (04/19) ******* African region Guernsey Open-End 7/13
******* 2019-04-16 -1.34 -23.00 -25.36 1.09 (04/18) ******* African region Luxembourg UCITS III 11/08
******* 2019-03-14 +7.71 -12.53 +7.12 8.02 (03/19) ******* African region Luxembourg SICAV 8/14
******* 2019-04-16 +4.09 -28.48 -3.70 -7.00 2.65 (04/19) ******* MENA & SSA Luxembourg SICAV 10/10
******* 2019-04-16 +2.43 -23.84 +0.81 -6.68 19.82 (04/19) ******* African region Luxembourg SICAV 3/12
******* 2019-04-16 +0.04 +8.80 +0.98 86.10 (04/19) ******* African region Ireland Open-End 1/09
******* 2019-04-16 -0.86 -15.38 -0.64 -7.75 0.66 (03/19) ******* African region France FCP 8/13
******* 2019-03-31 +0.10 -5.40 -24.96 -0.96 -6.64 25.01 (02/18) ******* African region BVI Open-End 6/05
******* 2019-02-28 +2.29 -17.78 -2.58 -8.96 ******* African region Jersey Open-End 4/09
******* 2019-04-16 +12.46 -3.40 +9.31 +1.62 130.09 (03/19) ******* MENA & SSA Luxembourg SICAV 09/07
******* 2019-03-31 +8.13 +1.78 -14.39 +5.90 -4.18 9.68 (03/19) ******* Africa ex-SA Malta Open-End 06/11
******* 2019-03-31 +3.40 +0.90 -0.80 +29.20 +20.60 19.79 (03/19) ******* African region Mauritius Open-End 2/14
******* 2019-03-31 +4.70 +0.60 +5.50 +15.90 +8.00 450.00 (03/19) ******* Africa ex-SA Bermuda Open-End 3/13
******* 2019-04-16 -20.46 0.02 (02/19) ******* African region Ireland Open-End 09/15
******* 2019-04-16 +7.20 -9.68 36.59 (03/19) ******* African region South Africa Unit Trust 09/16
******* 2019-04-16 +16.31 +4.60 +6.47 +5.78 45.53 (03/19) ******* EMEA Luxembourg SICAV 06/07
******* 2019-03-31 -3.50 -6.30 -27.20 -3.50 7.30 (03/19) ******* African region Mauritius Open-End 9/15
******* 2019-03-31 +6.70 +1.40 18.00 (03/19) ******* African region Mauritius Open-End 9/18
******* 2019-03-31 +4.10 -0.60 25.00 (01/19) ******* Sub-Saharan ex.SA Cayman Isl. Open-End 12/14
******* 2019-03-31 +6.85 +0.56 -16.98 +14.76 31.34 (03/19) ******* African region BVI Open-End 8/09
******* 2019-03-31 +6.40 +2.90 -10.80 +17.00 -0.70 268.00 (03/19) ******* African region Bermuda Open-End 7/98
******* 2019-03-31 +4.10 +2.80 -11.30 +13.90 -3.10 385.00 (03/19) ******* Africa ex-SA Bermuda Open-End 1/12
******* 2019-03-31 +5.95 +2.43 +11.74 199.40 (03/19) ******* Africa ex-SA Mauritius Open-End 10/16
******* 2019-02-28 +0.91 +0.46 +1.37 +26.69 5.85 (02/19) ******* African region Mauritius Open-End 05/14
******* 2019-03-31 +6.26 -16.34 +11.30 -27.57 64.20 (03/19) ******* African region Luxembourg SICAV 10/08
******* 2019-04-16 +7.39 -16.33 -0.87 -8.88 19.88 (03/19) ******* African region Luxembourg SICAV 6/10
******* 2019-04-16 +1.76 -20.89 -4.17 -10.97 179.79 (03/19) ******* African region Mauritius Open-End 1/07
******* 2019-04-16 +5.41 +5.15 -2.83 7.80 (04/19) ******* African region Luxembourg UCITS IV 6/13
******* 2019-04-16 +8.77 +5.56 -15.87 +5.72 -2.17 3.00 (04/19) ******* African region USA Open-End 11/11
******* 2019-03-31 +4.63 +2.32 -7.93 +9.40 -0.27 571.11 (03/19) ******* Africa ex-SA Ireland Unit Trust 10/08

Source: Company Data, Morningstar

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Limited Access: requires "Professional" subscription, Subscribe to AGF now!

Africa Sovereign Bond Indices (total returns USD)

CountryMar3 Month1 Year
******* -1.29 +0.88 -7.22
******* +3.68 +11.74 +16.17
******* +7.11 -0.43 -6.71
******* +0.75 +5.12 +15.70
******* -2.03 +0.46 +0.93
******* -0.93 -0.22 -2.00
******* -1.66 +3.75 -10.27
******* +1.13 +9.05 +11.41
******* -1.23 +3.55 -15.23
******* +3.22 +1.73 +7.47
******* +0.86 +7.24 +9.75
******* -3.82 +4.32 -22.76

African Equity Indices (gross total returns USD)

CountryMar3 Month1 Year
******* -3.77 -2.35 -19.56
******* -3.22 +2.79 -28.44
******* +0.62 +19.35 -6.75
******* +4.47 -8.93 -45.13
******* +2.42 +15.15 -14.21
******* -0.03 -7.28 +16.01
******* -4.24 -1.66 -2.22
******* -3.29 -5.36 -17.76
******* -1.45 -0.15 -17.36
******* +0.73 +1.22 -21.80
******* -0.68 -3.17 -10.04
******* -2.18 +4.10 -18.80
******* -1.31 -9.52 -20.14
******* -3.42 -6.18 -23.03
******* +0.79 -8.31 -8.43
******* -7.13 +16.31 -14.46
******* -19.21 -18.93 +45.72

Source: S&P Dow Jones Indices

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Economic Indicators

as of 16 April 2019

CountryInterest Rate (%)Inflation Rate (%)CPIUnemployment Rate (%)GDP annual growth rate (%)Debt to GPD (%)
Cameroon +3.50 +2.10 +113.00 +4.20 +4.60 +35.70
Cape Verde +5.50 +0.70 +100.00 +12.20 +7.60 +125.00
Côte d'Ivoire +4.50 -0.40 +104.00 +2.60 +7.70 +24.50
Egypt +15.75 +14.20 +298.00 +8.90 +5.50 +101.00
Ghana +16.00 +9.30 +234.00 +2.40 +7.40 +70.50
Kenya +9.00 +4.35 +199.00 +11.50 +6.00 +57.10
Malawi +14.50 +7.90 +115.00 +5.90 +3.70 +54.70
Mauritius +3.50 -1.40 +104.00 +6.40 +4.10 +64.90
Morocco +2.25 +120.00 +9.80 +2.90 +63.00
Mozambique +14.25 +3.41 +123.00 +25.04 +3.10 +88.20
Namibia +6.75 +4.50 +137.00 +33.40 -0.80 +45.10
Nigeria +13.50 +11.31 +279.00 +23.10 +2.40 +21.30
Rwanda +5.50 +1.10 +121.00 +15.10 +9.60 +40.20
South Africa +6.75 +4.10 +110.00 +27.10 +1.10 +53.10
Swaziland +6.75 +5.10 +139.00 +26.40 +2.30 +9.95
Tanzania +7.00 +3.10 +116.00 +10.30 +6.80 +37.40
Tunisia +7.75 +7.10 +123.00 +15.50 +2.20 +69.20
Uganda +10.00 +3.00 +176.00 +2.10 +6.60 +38.60
Zambia +9.75 +7.50 +223.00 +7.79 +4.10 +55.60
Zimbabwe +9.48 +66.80 +104.00 +5.16 +4.00 +77.60
Algeria +3.75 +2.90 +216.00 +11.70 +0.80 +17.70
Botswana +5.00 +3.30 +100.00 +18.10 +4.10 +22.30

Source: Trading economics, African Central Banks

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Limited Access: requires a "PE Pro" or "Professional" subscription, Subscribe to AGF now!

PE Deals

Africa Global Funds’ proprietary database provides searchable deals information for active private equity and venture capital funds targeting Africa. The section provides information on all deals that have been reported by PE/VC firms in Africa from January 2016 to date.

CompanyInvestmentIndustryCountry/RegionDeal TypeParticipationFund(s)Date AnnouncedRelated article
******* ******* Energy Ghana Debt Undisclosed ******* 2018-10-17 Subscribe Now!
******* ******* Travel Nigeria Buyout Undisclosed ******* 2019-01-07 Subscribe Now!
******* ******* Financial Services Kenya Growth Capital Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Manufacturing Morocco Growth Capital Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Restaurant Kenya Buyout Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Financial Services Mozambique Growth Capital 0.295 ******* 2019-01-14 Subscribe Now!
******* ******* Retail DRC Growth Capital Undisclosed ******* 2019-01-15 Subscribe Now!
******* ******* Utilities East Africa Growth Capital Undisclosed ******* 2019-01-16 Subscribe Now!
******* ******* EdTech Morocco ******* 2019-01-18 Subscribe Now!
******* ******* Energy Uganda Debt Undisclosed ******* 2019-01-18 Subscribe Now!
******* ******* Insurance Nigeria Growth Capital 0.299 ******* 2019-01-21 Subscribe Now!
******* ******* E-commerce Kenya Growth Capital Undisclosed ******* 2019-01-21 Subscribe Now!
******* ******* Fintech South Africa Venture Capital Undisclosed ******* 2019-01-28 Subscribe Now!
******* ******* Datacentre Pan-Africa Buyout Undisclosed ******* 2019-01-30 Subscribe Now!
******* ******* FMCG South Africa Growth Capital 0.365 ******* 2019-01-30 Subscribe Now!
******* ******* Agriculture Tunisia Debt Undisclosed ******* 2019-01-30 Subscribe Now!
******* ******* Education Tunisia Growth Capital Undisclosed ******* 2018-01-11 Subscribe Now!
******* ******* Education Francophone Africa Growth Capital Undisclosed ******* 2018-01-15 Subscribe Now!
******* ******* Construction Morocco Growth Capital Undisclosed ******* 2018-01-15 Subscribe Now!
******* ******* Agribusiness Ivory Coast Growth Capital Undisclosed ******* 2018-01-17 Subscribe Now!
******* ******* Entertainment Pan Africa Growth Capital Undisclosed ******* 2018-01-21 Subscribe Now!
******* ******* Energy Mozambique B loan Undisclosed ******* 2018-01-22 Subscribe Now!
******* ******* Energy Ghana Series D funding Undisclosed ******* 2018-01-24 Subscribe Now!
******* ******* Energy Republic of Guinea Undisclosed ******* 2018-01-24 Subscribe Now!
******* ******* Energy Ethiopia Undisclosed ******* 2018-01-24 Subscribe Now!
******* ******* Agribusiness Niger Growth Capital Undisclosed ******* 2018-01-25 Subscribe Now!
******* ******* Energy Mali Senior debt Undisclosed ******* 2018-01-30 Subscribe Now!
******* ******* Mobile software Pan Africa Undisclosed ******* 2018-01-30 Subscribe Now!
******* ******* Healthcare Egypt Growth Capital Undisclosed ******* 2018-02-01 Subscribe Now!
******* ******* Aquaculture South Africa Growth Capital Undisclosed ******* 2018-02-07 Subscribe Now!
******* ******* Distribution Morocco Growth Capital Undisclosed ******* 2018-02-15 Subscribe Now!
******* ******* Automobile Kenya Growth Capital Undisclosed ******* 2018-02-15 Subscribe Now!
******* ******* Financial Services Nigeria Growth Capital Undisclosed ******* 2018-02-22 Subscribe Now!
******* ******* Energy Pan-Africa Add-on Undisclosed ******* 2018-02-22 Subscribe Now!
******* ******* Internet South Africa Growth Capital 31% ******* 2018-02-28 Subscribe Now!
******* ******* E-commerce MENA Growth Capital Undisclosed ******* 2018-02-28 Subscribe Now!
******* ******* Energy Nigeria Undisclosed ******* 2018-03-10 Subscribe Now!
******* ******* Energy Nigeria Buyout ******* 2018-03-10 Subscribe Now!
******* ******* Real Estate Ghana Direct Investment ******* 2018-03-16 Subscribe Now!
******* ******* IT Pan-Africa Follow-On ******* 2018-03-19 Subscribe Now!
******* ******* Energy Sub-Saharan Africa ******* 2018-03-21 Subscribe Now!
******* ******* Internet Nigeria Venture Capital ******* 2018-03-21 Subscribe Now!
******* ******* Agriculture Nigeria Growth Capital ******* 2018-03-25 Subscribe Now!
******* ******* Financial Services Kenya Buyout ******* 2018-03-27 Subscribe Now!
******* ******* Financial Services West and Central Africa Growth Capital ******* 2018-03-29 Subscribe Now!
******* ******* Healthcare Nigeria Direct Investment ******* 2018-03-29 Subscribe Now!
******* ******* Agriculture Mozambique Growth Capital Undisclosed ******* 2018-04-08 Subscribe Now!
******* ******* Financial Services Pan-Africa Series B Undisclosed ******* 2018-04-08 Subscribe Now!
******* ******* Mobile Marketing Pan-Africa Growth Capital Undisclosed ******* 2018-04-11 Subscribe Now!
******* ******* Real Estate Mozambique Real Eatate 80.10% ******* 2018-04-17 Subscribe Now!
******* ******* Real Estate Ghana Real Eatate 47.50% ******* 2018-04-17 Subscribe Now!
******* ******* Fintech Pan-Africa Series B Undisclosed ******* 2018-04-18 Subscribe Now!
******* ******* Fintech South Africa Growth Capital Undisclosed ******* 2018-04-27 Subscribe Now!
******* ******* Real Estate Kenya Mezzanine Undisclosed ******* 2018-04-27 Subscribe Now!
******* ******* Energy Pan-Africa Growth Capital Undisclosed ******* 2018-04-29 Subscribe Now!
******* ******* Air Transport West and Central Africa 50% ******* 2018-07-09 Subscribe Now!
******* ******* Healthcare Morocco Growth Capital Undisclosed ******* 2018-07-11 Subscribe Now!
******* ******* Fintech Pan-Africa Follow on Undisclosed ******* 2018-07-12 Subscribe Now!
******* ******* Industrial Technology South Africa Growth Capital Undisclosed ******* 2018-07-24 Subscribe Now!
******* ******* Ecotourism Botswana Growth Capital 34% ******* 2018-07-25 Subscribe Now!
******* ******* FMCG Mozambique Growth Capital Undisclosed ******* 2018-07-30 Subscribe Now!
******* ******* FMCG Nigeria Growth Capital Undisclosed ******* 2018-08-02 Subscribe Now!
******* ******* Manufacturing South Africa Buyout Undisclosed ******* 2018-08-02 Subscribe Now!
******* ******* Logistics South Africa Growth Capital 0.483 ******* 2018-08-05 Subscribe Now!
******* ******* Aquaculture Tunisia Buyout 1 ******* 2018-08-07 Subscribe Now!
******* ******* Energy South Africa Debt Undisclosed ******* 2018-08-13 Subscribe Now!
******* ******* Energy South Africa Equity 50.01% in each ******* 2018-08-27 Subscribe Now!
******* ******* Consumer finance / Microfinance Egypt ******* 2018-08-30 Subscribe Now!
******* ******* Consumer Finance and Microfinance Egypt Growth Capital Undisclosed ******* 2018-09-06 Subscribe Now!
******* ******* Card Payments South Africa Venture Capital Undisclosed ******* 2018-09-10 Subscribe Now!
******* ******* Telecommunications Malawi Growth Capital Undisclosed ******* 2018-09-17 Subscribe Now!
******* ******* Technology Sub-Saharan Africa Growth Capital Undisclosed ******* 2018-09-18 Subscribe Now!
******* ******* Pharnaceuticals East Africa Buyout Undisclosed ******* 2018-09-20 Subscribe Now!
******* ******* Telecommunications MENA Buyout 0.76 ******* 2018-09-21 Subscribe Now!
******* ******* Financial Services South Africa Undisclosed ******* 2018-09-25 Subscribe Now!
******* ******* Agribusiness Morocco Buyout Undisclosed ******* 2018-09-27 Subscribe Now!
******* ******* Healthcare Sub-Saharan Africa Buyout ******* 2018-09-28 Subscribe Now!
******* ******* Financial Services Kenya Undisclosed ******* 2019-02-05 Subscribe Now!
******* ******* Chemicals Morocco Capital increase Undisclosed ******* 2019-02-20 Subscribe Now!
******* ******* Fintech South Africa Series A ******* 2019-02-21 Subscribe Now!
******* ******* Facilities management Pan-Africa Growth Capital ******* 2019-02-25 Subscribe Now!
******* ******* Education Egypt Buyout ******* 2019-02-27 Subscribe Now!
******* ******* Healthcare East Africa Series A ******* 2019-03-14 Subscribe Now!
******* ******* Loyalty solutions Egypt Venture Capital ******* 2019-04-04 Subscribe Now!
******* ******* Software Kenya Growth Capital ******* 2019-03-19 Subscribe Now!
******* ******* Payments South Africa Growth Capital ******* 2019-03-16 Subscribe Now!
******* ******* Energy Uganda Loan ******* 2019-03-05 Subscribe Now!
******* ******* Energy Nigeria & Ghana Growth Capital ******* 2019-03-21 Subscribe Now!
******* ******* Fintech Pan Africa Series A ******* 2019-03-27 Subscribe Now!
******* ******* Real Estate Egypt Undisclosed Undisclosed ******* 2018-09-16 Subscribe Now!
******* ******* Distribution South Africa Buyout 0.6 ******* 2018-10-04 Subscribe Now!
******* ******* Education Morocco Buyout Undisclosed ******* 2018-10-10 Subscribe Now!
******* ******* Agriculture Zambia ******* 2018-10-12 Subscribe Now!
******* ******* Real Estate South Africa Venture Capital 0.1 ******* 2018-10-16 Subscribe Now!
******* ******* Agribusiness Pan-Africa Undisclosed ******* 2018-10-17 Subscribe Now!
******* ******* Education South Africa Buyout Undisclosed ******* 2018-10-18 Subscribe Now!
******* ******* Agribusiness Ghana Growth Capital Undisclosed ******* 2018-10-23 Subscribe Now!
******* ******* IT Pan-Africa Series A Undisclosed ******* 2018-10-23 Subscribe Now!
******* ******* Telecommunications Pan-Africa Undisclosed ******* 2018-10-26 Subscribe Now!
******* ******* Fintech Pan-Africa Venture Capital Undisclosed ******* 2018-10-31 Subscribe Now!
******* ******* Pharmaceutical Uganda Growth Capital Undisclosed ******* 2018-11-01 Subscribe Now!
******* ******* Healthcare South Africa Buyout Undisclosed ******* 2018-11-06 Subscribe Now!
******* ******* Fintech Pan-Africa Buyout Undisclosed ******* 2018-11-06 Subscribe Now!
******* ******* Fintech South Africa Growth Capital Undisclosed ******* 2018-11-06 Subscribe Now!
******* ******* Fintech Pan-Africa Growth Capital Undisclosed ******* 2018-11-08 Subscribe Now!
******* ******* Transportation Côte d’Ivoire Growth Capital Undisclosed ******* 2018-11-26 Subscribe Now!
******* ******* BPO Pan-Africa Debt and Equity Undisclosed ******* 2018-11-26 Subscribe Now!
******* ******* Agriculture Kenya Growth Capital Undisclosed ******* 2018-12-03 Subscribe Now!
******* ******* Oil & Gas Côte d’Ivoire Mezzanine Undisclosed ******* 2018-12-04 Subscribe Now!
******* ******* Fintech South Africa Series A Undisclosed ******* 2018-12-11 Subscribe Now!
******* ******* Real Estate Côte d’Ivoire Undisclosed ******* 2018-12-13 Subscribe Now!
******* ******* Travel Nigeria Buyout Undisclosed ******* 2019-01-07 Subscribe Now!
******* ******* Financial Services Kenya Growth Capital Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Manufacturing Morocco Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Restaurant Kenya Buyout Undisclosed ******* 2019-01-09 Subscribe Now!
******* ******* Financial Services Mozambique Growth Capital 0.295 ******* 2019-01-14 Subscribe Now!
******* ******* Retail Kenya Growth Capital Undisclosed ******* 2019-01-29 Subscribe Now!
******* ******* Financial Services Mozambique Growth Capital Undisclosed ******* 2018-04-08 Subscribe Now!
******* ******* Floriculture East Africa Growth Capital Undisclosed ******* 2018-04-18 Subscribe Now!
******* ******* Fintech South Africa Venture Capital Undisclosed ******* 2018-04-20 Subscribe Now!
******* ******* Agriculture Rwanda Growth Capital Undisclosed ******* 2018-04-21 Subscribe Now!
******* ******* Agribusiness Uganda Growth Capital Undisclosed ******* 2018-05-02 Subscribe Now!
******* ******* Food Kenya Growth Capital Undisclosed ******* 2018-05-02 Subscribe Now!
******* ******* Mobile Kenya Venture Capital Undisclosed ******* 2018-05-03 Subscribe Now!
******* ******* Business Services Nigeria Series A Undisclosed ******* 2018-05-03 Subscribe Now!
******* ******* Financial Services Morocco Growth Capital Undisclosed ******* 2018-05-04 Subscribe Now!
******* ******* Agribusiness Togo Growth Capital Undisclosed ******* 2018-05-14 Subscribe Now!
******* ******* Education South Africa Growth Capital Undisclosed ******* 2018-05-14 Subscribe Now!
******* ******* Payments Pan-Africa Series C Undisclosed ******* 2018-05-14 Subscribe Now!
******* ******* Food Zambia Growth Capital Undisclosed ******* 2018-05-21 Subscribe Now!
******* ******* Financial Services Kenya Growth Capital 14.30% ******* 2018-05-23 Subscribe Now!
******* ******* Fintech South Africa Venture Capital Undisclosed ******* 2018-05-30 Subscribe Now!
******* ******* Healthcare South Africa Growth Capital 50% ******* 2018-05-30 Subscribe Now!
******* ******* Real Estate Nigeria Growth Capital 20% ******* 2018-06-04 Subscribe Now!
******* ******* Education Egypt Growth Capital Undisclosed ******* 2018-06-15 Subscribe Now!
******* ******* Financial Services Nigeria Buyout Undisclosed ******* 2018-06-15 Subscribe Now!
******* ******* Real Estate South Africa Senior Debt Undisclosed ******* 2018-06-18 Subscribe Now!
******* ******* Financial Services Sub-Saharan Africa Buyout 100% ******* 2018-06-21 Subscribe Now!
******* ******* Aviation Nigeria Series A Undisclosed ******* 2018-07-02 Subscribe Now!
******* ******* Real Estate Mauritius Mezzanine Undisclosed ******* 2018-07-05 Subscribe Now!
******* ******* Healthcare Uganda Growth Capital Undisclosed ******* 2018-07-09 Subscribe Now!

Source: AGF, Prequin

Disclaimer: All data is provided “as is” for your information and personal use only, and is not intended for trading purposes or advice.

Limited Access: requires a "PE Pro" or "Professional" subscription, Subscribe to AGF now!

PE Exits

Africa Global Funds’ proprietary database provides searchable exits information for active private equity and venture capital funds targeting Africa. The section provides information on all exits that have been reported by PE/VC firms in Africa from January 2016 to date.

CompanyDivestmentIndustryCountry/RegionBuyer(s)Nature of exitDate AnnouncedRelated article
******* ******* Financial Services Togo SUNU group Trade 2019-03-21 Subscribe Now!
******* ******* Property Pan Africa CFAO Trade 2019-03-06 Subscribe Now!
******* ******* Insurance Allianz X Trade 2018-01-10 Subscribe Now!
******* ******* Energy South Africa Standard Bank Trade 2018-02-01 Subscribe Now!
******* ******* Construction Kenya Turner & Townsend Trade 2018-02-07 Subscribe Now!
******* ******* Distribution Pan-Africa Adenia Partners Secondary buyout 2018-03-18 Subscribe Now!
******* ******* Financial Services South Africa Sanlam Secondary buyout 2018-03-20 Subscribe Now!
******* ******* Financial Services Kenya Kuramo Capital Management Secondary buyout 2018-03-27 Subscribe Now!
******* ******* Financial Services Kenya, Uganda, Tanzania Suzerain Investment Holdings //Platcorp’s management team and an existing shareholder Secondary buyout 2018-03-28 Subscribe Now!
******* ******* Food South Africa Institutional investors IPO, Johannesburg Stock Exchange 2018-05-23 Subscribe Now!
******* ******* Energy South Africa Globeleq Trade 2018-08-09 Subscribe Now!
******* ******* Financial Services South Africa Trade 2018-09-06 Subscribe Now!
******* ******* Energy Uganda SN Power Trade 2018-09-15 Subscribe Now!
******* ******* FMCG Mauritius 2018-09-20 Subscribe Now!
******* ******* Communications MENA Helios Investment Partners  Secondary Buyout 2018-09-21 Subscribe Now!
******* ******* Agribusiness Morocco Development Partners International Secondary Buyout 2018-09-27 Subscribe Now!
******* ******* Oil & Gas Côte d’Ivoire Pétro Ivoire Management Buy-Back 2018-12-04 Subscribe Now!
******* ******* Credit South Africa Experian Trade 2018-12-19 Subscribe Now!
******* ******* Credit South Africa Experian Trade 2018-12-19 Subscribe Now!

Source: AGF, Prequin

Manager's View

Every month we select a fund manager, active in the African continent, to share his thoughts on the performance of African listed markets (equities or bonds). If you want to be featured in this section, get in touch via editor “at” africaglobalfunds.com

We'll have this updated shortly.

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