One Thousand & One Voices (1K1V), a private family capital fund backed exclusively by industry-leading families, has announced a recapitalization of SanLei, its specialist aquaculture portfolio company headquartered in the Kingdom of Lesotho.
Actis has acquired a controlling stake in Nigeria’s independent, co-location business, Rack Centre.
Quona Capital, a venture firm focused on financial inclusion in emerging markets, has announced the final close of the Accion Quona Inclusion Fund with $203m in commitments, significantly exceeding its $150m target.
Goldman Sachs, Odey Asset Management, Leapfrog Investments and existing investors have provided $55m in debt and equity funding to JUMO, a technology company building next-generation financial services for emerging market entrepreneurs.
The majority of investors (82%) surveyed by the African Private Equity and Venture Capital Association plan to increase or maintain their African private equity (PE) allocation over the next three years.
Verod Capital Management alongside Tangerine Life Insurance have acquired a majority stake in ARM Life Insurance.
Actis and Westmont Hospitality Group have acquired Sheraton Casablanca, the largest internationally branded hotel in Casablanca, Morocco.
Amethis, alongside its partners DEG, MCB Equity Fund and IFC, a member of the World Bank Group, have acquired a minority equity stake in the Naivas Group.
The impact investment fund I&P Afrique Entrepreneurs, the Belgian Investment Company for Developing Countries (BIO) and ACEP-International have joined forces to create ACEP Group, a new microfinance group with a goal of empowering African entrepreneurs.
Mediterrania Capital Partners has announced that its portfolio companies managed by MC II and MC III funds achieved 25% EBITDA year-on-year growth up to the end of 2019, reaching over €1bn in aggregated annual revenues.
Agri-Vie Fund I, the Africa Food and Agribusiness Investment Fund managed by the pan-African private equity investment firm, EXEO Capital, has announced its exit from InteliChem.
GreenTec has invested in Ecodudu, a Kenya-based waste-to-value company producing high-quality insect-based protein for animal feed and organic fertilizers from recycled organic matter.
Phatisa, through its Food Fund 2 – together with Sabvest, Masimong Chemicals and Rolfes management – have acquired 100% of Rolfes Group.
Evolution II Fund has closed an equity investment and construction bridge loan in Gigawatt Global’s 7.5 MW solar PV project in Burundi.
