After a 9-year tenor since the founding of African Guarantee Fund for Small and Medium-sized Enterprises (AGF), Group Chief Executive Officer Felix Bikpo decided to retire from his position.
Old Mutual has appointed Iain Williamson as Chief Executive Officer, effective immediately.
The SDG Frontier Fund has reached its first closing at €25.3m with the participation of nine Belgian private investors together with BIO, the Belgian Investment Company for Developing Countries.
CDC Group, the UK’s development finance institution, has committed $100m to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners.
Acumen, a non-profit impact investment fund, has exited its stake in a Tanzanian-based clean cooking company KopaGas, following Circle Gas acquisition.
Norsad Finance, an impact investor providing structured financing solutions to mid-market growth companies in Southern Africa, has provided a R150m medium-term facility to Grobank, a South African specialised commercial agricultural bank.