AfricInvest, a pan-African mid-cap-focused private equity firm, has announced that its Maghreb Private Equity Fund III has invested in Outsourcia Group, a Moroccan contact center and business process outsourcing (BPO) provider.
Investisseurs & Partenaires (I&P;) has launched Teranga Capital, an equity impact investment fund dedicated to promising small growing businesses and start-ups in Senegal, with financing needs comprised between 75,000 and 300,000 euros.
Synergy Capital Managers has announced an investment in Suburban Fiber Company, a next generation broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos.
GroVest, a venture capital firm that invests in innovative technology companies, has raised R62m ($4.01m) in the first round of funding for its GroTech fund with a significant capital injection from Caleo Capital, a wealth and asset management business.
AfricInvest Financial Sector Fund and Microcred Group have agreed to acquire a 100% ownership stake in MicroKing Finance (MicroKing), a provider of microfinance products and services in Zimbabwe.
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30% stake in Egypt-based port terminal operator Alexandria International Container Terminal (AICT) to global port investor Hutchison Port Holdings.
Equator Capital Partners, a Chicago based impact fund manager, has invested in Fortis Microfinance Bank, Nigeria, representing a substantial minority position in the Bank, via its managed fund, ShoreCap II Limited.
EchoVC Partners, a seed and early stage technology-focused venture capital fund, has announced an investment of up to $1m in Nigerian digital advertising startup S&T; Media.
Kuramo Capital has said it will acquire an undisclosed stake in TransCentury, an infrastructure company listed on the Nairobi Stock Exchange, for $20m.
Afinitas, an Africa focused investment company listed on the Botswana Stock Exchange, has approved $2.5m to establish an Ethiopia focused holding company and fund its investments.
The Abraaj Group has announced the formation of Themis Energy, a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space.
Agri-Vie, an African private equity firm focused on the food and agribusiness sector, and pan-African asset manager STANLIB, have launched EXEO Capital, a new private equity partnership, which will allow both parties the opportunity to expand their alternative investment offerings in Africa.
RisCura, on behalf of the East African Venture Capital Association (EAVCA), has released the first ever dashboard on East African private equity deals, revealing that Kenya is dominating the region as a hub of private equity activity.
African Rainbow Capital (ARC), a subsidiary of Ubuntu-Botho Investments (UBI), a broad based black empowerment investment holding company, has acquired an 18.14% equity stake in Metrofibre Networx.
