Investors remain confident about the future of the hospitality industry in Africa, according to Trevor Ward, W Hospitality Group Managing Director.
Mediterrania Capital Partners and the Capital Trust Group have acquired minority stakes in BS Invest in Tunisia, CAP Retail in Morocco, and Investex Algérie in Algeria.
Fusion Capital has successfully exited its residential development in Athi River, Machakos County, realizing 2x return for investors.
Orange, a telecommunication operator, has announced a €75m equity investment in Africa Internet Group, the largest e-commerce platform in Africa and parent company of Jumia.
Mediterrania Capital Partners, a private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, has acquired a 43% stake in Cieptal Cars, a car rental business in Algeria.
Purple Capital Partners, a Nigerian investment firm specialising in real estate and financial services, is planing to raise $50m in 2016 for two parallel funds focused on retail properties or mixed use properties involving retail, in the Lagos urban area.
California-based venture capital firm Andreessen Horowitz alongside seed investors Khosla Impact and Formation 8 have injected $9.6m in Kenya’s mobile-based financial services company Branch.
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.
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.
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.
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.
