Bamboo Finance and Louis Dreyfus Holding have joined forces to launch and manage NISABA, a $50m impact investment fund focused on small- and medium-sized agribusiness enterprises (SMEs) in Sub-Saharan Africa.
Careem, an app-based car service in the MENA region, has scored $60m in a series C investment round from the Abraaj Group and leading institutional investors.
Qalaa Holdings has sold its stakes in cement subsidiaries ASEC Minya Cement and ASEC Ready Mix, representing 46.5% and 55%, respectively, to Misr Cement Qena for approximately EGP1bn ($124.6m).
The Abraaj Group has acquired through its second generation North Africa Fund, a majority stake in Centre de Traitement Al Kindy (Al Kindy), Casablanca’s largest private oncology clinic, and Clinique Spécialisée Menara (Menara), a leading oncology and imaging diagnostics center in Marrakech.
GuarantCo has opened a new office in Nairobi, Kenya, as it is looking to expand its business in financing infrastructure development in East and Southern Africa.
South Africa has continued to dominate private equity (PE) activity in the Southern African region, accounting for 76% of deal volume and 92% of deal value from 2007-2014, according to the African Private Equity and Venture Capital Association (AVCA).
Adenia Partners has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, Madagascar, to a group of local investors.
Synergy Private Equity Fund (SPEF) has invested an undisclosed amount in Riggs Ventures West Africa, a non-captive manufacturer of polypropylene woven sacks for packaging and transporting industrial goods in Nigeria.
Adlevo Capital-led consortium of investors has raised $13m in a Series B financing round, which will go toward strengthening of the agent network of Paga, a Nigerian mobile payment company.
South Africa is viewed as the most attractive onshore private equity fund domicile in Sub-Saharan Africa, whereas Mauritius is leading as the most popular offshore jurisdiction, according to the EMPEA 2015 African Fund Domicile Survey.
South African private equity returns continue to edge higher, maintaining outperformance relative to the listed equity market, the latest RisCura-SAVCA South African Private Equity Performance Report has revealed.
Africa is open for business and there are a number of opportunities in the energy space, Rentia van Tonder, Head: Renewable Energy, Power and Infrastructure at Standard Bank South Africa, has said.
Investisseurs & Partenaires (I&P;), an impact investment group dedicated to African SMEs, has announced the first closing of IPDEV2, the first incubator and sponsor of African impact funds.
Intaj Capital II has agreed to invest over $12m (MAD 125m) in Moroccan firm Venezia Ice, an operator in the field of production and distribution of artisan gelato and pastry.
