Synergy Capital Managers has invested in Africa Terminals, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment.
Electranova Capital US and Total Energy Ventures have invested an undisclosed amount in Off Grid Electric (OGE), a world leader solar leasing company in Africa.
Goodwell Investments has acquired a significant minority stake in Musoni Services, an innovative cloud-based affordable core banking software for microfinance institutions (MFIs) in Africa.
The Africa Sustainable Forestry Fund I, managed by Global Environment Fund, together with the Grantham Foundation for the Protection of the Environment, have acquired a significant minority position in Compagnie des Bois du Gabon (CBG).
Enko Capital Managers (ECM) has reached a $83.25m final close of the Enko Africa Private Equity Fund (EAPEF), a Pan-African fund focused on providing growth capital to late-stage private companies across a broad spectrum of economic sectors in Africa.
Appian Capital Advisory is looking to close two to three mining deals in Africa via its Natural Resources Fund this year, according to Michael W. Scherb, Founder and General Partner.
Sub-Saharan Africa has been top of mind for many institutional investors in the past few years, as indicated by record fundraising totals, according to Molly Brister, Manager, Research, EMPEA.
Finland-based Taaleri Private Equity Funds Group will provide further development capital to Cytonn Investments that will be deployed to the Kenyan real estate sector through Cytonn Real Estate, an affiliate whose deal pipeline now stands at KES 56bn.
Despite the low growth environment in South Africa, private equity houses in the country continue to see investment opportunities and deliver lucrative returns for investors, AGF has learned.
Capital Alliance Private Equity IV (CAPE IV), a private equity fund managed by African Capital Alliance (ACA), has acquired a 49% stake in Continental Reinsurance (C-Re), the largest private pan-African reinsurer outside of South Africa.
Endeavor Energy, a power development and generation company backed by global PE firm Denham Capital, has significantly advanced the Songon Power Project in Côte d’Ivoire it is developing with local independent power producer Starenergie 2073.
Knife Capital, a South African venture capital firm, has launched KNF Ventures, a new fund dedicated to investing in innovation-driven ventures that aims for a minimum of 40% annualized return on investments.
African Alpha Investment Partners (AIIP) has backed SERS Ltd, an Africa focused equipment financing company based in Mauritius.
AfricInvest and Siparex have announced the first closing of the Fonds de Co-Localisation Franco-Tunisien (FCFT), promoted and equally subscribed by French and Tunisian state investors, Bpifrance (France) and Caisse des Dépôts et Consignations (Tunisia).
