The Ascent Rift Valley Fund (ARVF) has reached its final close at $80m, significantly exceeding its original $60m target.
South African-based infrastructure investor Harith has partnered with Greenstone Equity Partners, one of the largest independent fund placement firms in the Middle East, to raise capital from GCC investors for its latest Pan African Infrastructure Development Fund II (PAIDF II).
While volume remains relatively low in Africa with almost 11% of the microfinance portfolio of all microfinance investment vehicles (MIVs), investment in Africa has grown by 211% over the past five years, according to the latest survey by Symbiotics.
Ascent Rift Valley Fund (ARVF), an SME focused private equity fund investor, has invested in Chims Africa, a mobile money operator in Uganda.
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.
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.
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.
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.
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.
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.
