African Rainbow Capital has acquired a 49% interest in Sinayo Securities, a Johannesburg-based equities brokerage firm, to expand its institutional client base and broaden its brokerage services.
The current investment cycle has identified increased investor interest in Morocco, which remains the leading country for investment in North Africa, according to the African Private Equity and Venture Capital Association (AVCA).
South African private equity industry delivered a 10-year internal rate of return (IRR) of 18.1% at the end of June 2016, down from 19% reported in the previous quarter, ending March 31, 2016.
Capria, a global impact investment firm, has announced that the Capria Accelerator Fund has reached its final close at $5.2m and is slightly over-subscribed.
Maghreb Private Equity Fund II (MPEF II), managed by AfricInvest, has sold its 20.06% stake in the Group Cotugrain Hortimag, a Tunisia-based leader in the production of seeds, fresh vegetables, and young plants for export.
Qalaa’s cement subsidiaries, ASEC Cement and ASEC Cement Djelfa Offshore, have signed a preliminary agreement to sell 100% of Algerian Cement Plant Djelfa for $60m transaction to a consortium of Algerian investors.
The Emerging Africa Infrastructure Fund (EAIF) has participated in a syndicate led by the Dutch development bank, FMO, to provide a $14.7m loan to enable the construction of a 10MW solar farm in the Tororo area of Eastern Uganda.
Goodwell Investments, through its fund Goodwell MDC III, has invested in Innovative Microfinance, a microfinance institution operating in Northern Ghana.
Africa's financial environment is as competitive as other developing and high income regions in some countries, but access to finance remains a challenge, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
Musa Capital Namibia, an affiliate of the South African-based company, Musa Group, has recently held the first close of its Namibia Mid-Cap Fund.
The Islamic Corporation for the Development of the Private Sector (ICD) and the Deposit and Consignments Fund (DCF) of Gabon have agreed to launch a private equity fund for SMEs in Gabon and Central Africa.
Actis Africa Real Estate Fund 3 (ARE3) is looking for investment opportunities across Africa including in Kenya and Mozambique, Africa Global Funds has learned.
AOG has transferred 75.1% ownership of Addax Bioenergy, its sugarcane bioethanol and renewable electricity operation in Makeni, Sierra Leone, to a group of investors led by Sunbird Bioenergy Africa (Sunbird Bioenergy group).
Mediterrania Capital Partners has acquired through its second fund, Mediterrania Capital II, a stake in Université Privée de Marrakech (UPM) to support its development plan.
