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.
Africa Capitalworks Management (ACW), a Sub-Saharan Africa-focused private equity investment company, has acquired a significant minority equity shareholding in Gaselia Industries Group, one of the largest homegrown beverages groups in West Africa.
HQ Financial Group (HQF), Singapore-based private company specializing in new material science, semiconductor and blockchain financial investments, has invested $10m in Aella, a Nigerian fintech start-up.
A.P. Moller Capital through its Africa Infrastructure Fund, Olam International (Olam) and Africa Finance Corporation (AFC) have agreed to invest in a Ports and Logistics platform in West Africa.
The I&P Afrique Entrepreneurs 2 (IPAE 2) fund, managed by Investisseurs & Partenaires, an impact investment group dedicated to small and medium-sized enterprises in Sub-Saharan Africa, has added two new companies to its portfolio.
HAVAÍC has made a R6m follow-on investment in AURA, a South African SafeTech company.
In 2019, 243 African tech start-ups raised a total of $2.02bn in equity through 250 rounds, representing a 74% growth year-on-year, according to Partech Africa.
HAVAIC has concluded an investment into Nairobi based Dukapay (trading as Tanda) in advance of a syndicated seed round of investment.
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), has lent €28m to a €330m expansion of the Azito Energie gas-fired power station in Côte D’Ivoire.
