As Nigeria’s currency plumbed new lows, the nation’s minister for investment, trade and industry rebuked those obsessing over the prospect of a devaluation.
Actis, an investor in growth markets across Africa, Asia and Latin America, with $6.6bn funds under management, has invested an undisclosed sum in Mundiapolis University, a private university in Morocco, as a bolt-on acquisition to its investment in Emerging Markets Knowledge Holdings.
The Pan African Housing Fund (PAHF), managed by Phatisa, has announced its plans to develop a middle income residential property on 21 hectares of prime land in the fast-growing Makeni suburb of Lusaka, Zambia.
Harith General Partners has invested in NOVO Energy, a power and technology company that specialises in supplying alternative fuel technologies and services in Africa.
The Carlyle Group, a global alternative asset manager, has invested in Mazarine Energy, an upstream oil and gas company with existing assets in Tunisia.
Zaad Holdings, a wholly owned subsidiary of Zeder, which serves as its focused platform for operationally complimentary investments in the strategic agri-inputs sector, has acquired a 49% stake in the Farm-Ag Group.
XSML via its African Rivers Fund (ARF) has invested an undisclosed amount in B.I.S., a Congolese manufacturer of generic pharmaceutical products.
Singularity Investments, a private investment office primarily focused on investment opportunities in Africa and North America, has invested an undisclosed sum in Sliide Airtime, a privately-held technology company with offices in Lagos and London.
Since January 2014, exchange rate movements have subtracted value from realized private equity investments in emerging markets of nearly 60% of respondents of the latest EMPEA survey, with several respondents estimating losses of $500m.
African Rivers Fund (ARF), managed by the Dutch fund manager XSML, has made its first investment in Institut Aurora, an education provider in the Democratic Republic of the Congo.
Adenia Partners, a private equity fund manager focused on growth opportunities and mid-cap buyouts in Sub-Saharan Africa, is aiming to have a first close of its fourth fund this Summer.
The last four years have seen an increase in private equity market multiples on the African continent, according to Bright Africa, an ongoing research endeavor from RisCura.
The Abraaj Group has successfully exited its investment in a Tunisian pharmaceutical company Unité de fabrication de médicaments (Unimed), through an IPO on the Tunis Stock Exchange.
Quantum Global Group has agreed to invest approximately $50m in new plantation establishment, infrastructure and wood processing industries in Angola over the next five years.
