22 Apr
News > Private Equity > PE Industry News
USAID Southern Africa Mobilizing Investment (USAID Mobilizing Investment) has awarded grant capital to Verdant Capital for its new fund strategy, the Verdant Capital Southern Africa Fund (VCSAF).
22 Apr
News > People Moves
Barclays has appointed Stephen Pick as Head of M&A for EMEA; Pier Luigi Colizzi as Chairman of M&A for EMEA; and Asim Mullick as Head of M&A for Financial Sponsors for EMEA.
22 Apr
News > Funds > Markets and Industry News
In view of the persisting adverse market conditions, the limited stock market liquidity, and the uncertain prospect of achieving positive long-term risk-adjusted returns in the markets within the fund's universe, the Board of Directors of the Bellevue SICAV Funds has decided to terminate Bellevue African Opportunities Fund.
18 Apr
News > Private Equity > Deals
RMB, one of Africa’s corporate and investment banks, has invested in Acre Export Finance Fund I, which targets commercial debt tranches of Export Credit Agency (ECA) transactions supporting climate-aligned infrastructure in Africa.
18 Apr
News > Investors
The Norwegian Investment Fund for developing countries (Norfund) invested just over 6.5 billion NOK in developing countries in 2023, with 51% of investments in Africa.
17 Apr
News > Private Equity > Fundraising
Acre Impact Capital, a private-debt impact investment manager, has announced the first closing of its Export Finance Fund I with commitments of approximately $100m.
16 Apr
News > Investors
The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, has committed $25m to Allied Climate Partners (ACP)—a new and innovative public-private partnership focused on increasing the number of bankable climate projects in emerging markets and developing economies around the world.
15 Apr
News > Private Equity > PE Industry News
Nairobi Gate Industrial Park, the first Special Economic Zone (SEZ) with a fully consolidated customs-control area in East Africa, has launched a one-of-a-kind manufacturing and warehouse park for the textile and apparel industry in Kenya.
10 Apr
News > Private Equity > Deals
Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P, have invested in Zeepay Ghana, a fast-growing payment infrastructure company with a footprint in more than 20 countries globally.
8 Apr
News > Private Equity > Deals
Vantage Capital has made a R346m investment into Procera Group, a South African business process outsourcing (BPO) services provider serving both South African and international clients.
4 Apr
News > Private Equity > Deals
Actis together with Royal Bafokeng Holdings as its empowerment partner, has entered into an agreement to acquire a 100% stake in Swiftnet, a telecom tower portfolio in South Africa, from Telkom for an Enterprise Value of R6.75bn (c.$355m).
4 Apr
News > Private Equity > Fundraising
Adenia Partners, a private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V at its $470m hard cap.
3 Apr
News > Private Equity > Deals
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Savant Group, committing $12m to scale SunCulture’s solar irrigation offering across sub-Saharan Africa.
28 Mar
News > Private Equity > Deals
Uber alongside existing investors Mubadala, The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa, have invested $100m in a Series B funding round in Moove, a global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, valuing the company at $750m.
25 Mar
News > Private Equity > Exits
Development Partners International (DPI), British International Investment (BII), the UK government’s Development Finance Institution, and the European Bank for Reconstruction and Development (EBRD), have sold 100% of the shares in KELIX bio, an emerging markets biopharmaceuticals platform, to Mubadala Investment Company (Mubadala), the Abu Dhabi investor with over $276bn in assets under management.
25 Mar
News > Private Equity > Deals
African Infrastructure Investment Managers (AIIM) has led an investment consortium comprising STOA, an impact fund in infrastructure and energy dedicated to developing and emerging markets, and Thebe Investment Corporation, to acquire Octotel, a South African fibre network operator, from Actis, a global investor in sustainable infrastructure.
25 Mar
News > Investors
British International Investment (BII), the UK's Development Finance Institution (DFI) and impact investor, has announced a $100m finance facility with the Eastern and Southern African Trade and Development Bank (TDB).
20 Mar
News > Private Equity > PE Industry News
For the first time in almost a decade of consistently strong growth, the number of venture capital deals in Africa decreased by 31% YoY, according to the African Private Capital Association 2023 Venture Capital in Africa Report.
20 Mar
News > Private Equity > Fundraising
Climate and impact fund manager Camco has unveiled a new technical assistance facility (TAF) to accelerate the growth of Sub-Saharan African markets for renewable energy and energy access.
15 Mar
News > Private Equity > Deals
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has announced a $1.5m investment in MDaaS Global, a modern, tech-enabled healthcare company enabling clinically underserved communities, access to quality and affordable healthcare and diagnostic services across Africa.