The Abraaj Group has invested in Tiba Group, an education service provider in Egypt, through its second generation North Africa Fund (ANAF II).
Investisseurs & Partenaires (I&P;), an impact investment group dedicated to African SMEs, has acquired a 35% equity stake in SCRIMAD Group, an agribusiness company located in Madagascar, via its I&P; Afrique Entrepreneurs Fund (IPAE).
Ethos Private Equity has confirmed the intention to partially exit its stake in Waco, a South African industrial services company, through a listing on the Johannesburg Stock Exchange (JSE) later this year.
GroFin, an SME development financier, has launched the GroFin Small and Growing Businesses (SGB) Fund that aims to catalyze sustainable job creation through supporting small and growing businesses in Africa.
Over the past year there has been a greater number of pension funds looking at Africa, according to Runa Alam, CEO and Co-Founder of Development Partners International (DPI), a $1.1bn Africa private equity specialist.
The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, has successfully reached its final close at its hard cap, with $200m of committed capital to support small- to medium-scale projects.
AfricInvest alongside FMO, Finnfund, Bank of Africa Group and Gras Savoye, have completed the sale of its 59.34% equity stake in Alios Finance to TLG Finance, a holding company controlled by Tunisie Leasing.
Emerging Capital Partners (ECP) along with its investment partners, have announced the sale of a 53.6% share of the Nigerian reinsurance company, Continental Reinsurance, to Saham Finances, the insurance arm of Saham Group.
TPG/Satya, the partnership between TPG Growth and Satya Capital focused on investment in Africa, has made its first move into Africa by acquiring a minority stake in Ecoles Yassamine, the largest private school network in Morocco.
Kagiso Tiso Holdings (KTH), through its media subsidiary Kagiso Media, has acquired 37% of Global Media Alliance Broadcasting Company (GMABC), a broadcasting company in Ghana.
The Pan African Housing Fund (PAHF), managed by Phatisa, has entered into an agreement with Tamarind Properties to develop 140 single-family homes in a residential development in Nakuru Town, Kenya.
Injaro Agricultural Capital Holdings, an impact investment fund managed by Injaro Investments, has invested in Comptoir 2000, an indigenous producer of seeds in Mali.
AfricInvest, a pan-African SME-focused private equity firm, has announced that its AfricInvest Fund II, along with other shareholders, has successfully exited its investment from Brookhouse Schools to UK-based Educas.
Actis has exited its investment in a power generation platform Globeleq Africa to a company owned by Norfund, the Norwegian investment fund for developing countries and CDC Group, the UK government’s development finance institution.
