LeapFrog Investments has sold a major stake in an emerging markets mobile insurer BIMA to Allianz X as part of a $96.6m transaction.
The success of real estate investment trusts (REITs) in South Africa, where the market is currently valued at $16.1bn, has prompted a number of other countries, including Kenya, Morocco and Rwanda, to introduce REIT legislation of their own.
Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, has closed new investments to support the growth plans of companies in Egypt and Sub-Saharan Africa through structured capital solutions.
AfricInvest, a pan-African private equity firm, has announced the first close of FIVE, an evergreen platform for investing in financial institutions in Africa.
Investisseurs & Partenaires, an impact investment fund dedicated to SMEs in Africa, has obtained the B Corp certificate, a prestigious certification meeting the highest standards of social and environmental performance, transparency and accountability.
Oasis Capital Ghana, an Accra-based private equity fund manager, has invested an undislosed stake in Legacy Girls College, a private girl’s high school operating in Ghana.
CDC Group has invested €46m in ONOMO Hotels, an African 3-star hotel platform targeting clients in the business segment.
Enko Education has announced its first debt raising for €1.5m with Oikocredit, a cooperative and social investment company based in the Netherlands.
Zaad Holdings, a subsidiary of Zeder, has entered into sale of shares agreements in terms of which it will acquire 100% of the issued shares in Hygrotech Properties.
Investisseurs & Partenaires (I&P), an impact investing group dedicated to SMEs in Sub-Saharan Africa, has announced the first closing of IPAE 2, a new impact fund combining performance and impact.
The Abraaj Group, an investor operating in growth markets, has agrees to purchase, through its Funds, a significant minority stake in Société Nationale des Télécommunications (Tunisie Telecom), Tunisia’s largest telecom operator.
LeapFrog Investments, a dedicated equity investor in emerging markets, supporting fast-growth firms that deliver social impact alongside commercial returns, has led a Series C investment round in digital money transfer service WorldRemit.
Àrgentil Capital Partners has acquired a 49% stake in Chocolate City Lounge, a Nigerian based restaurant and lounge company.
Apis Growth Fund I has made a significant investment into Greenlight Planet Incorporated, a provider of off-grid solar products and financing to underserved rural populations across Africa and Asia.
