Yeelen Financial Fund, a private equity fund dedicated to the financial sector within the West African Economic and Monetary Union (WAEMU), has raised over €30m at the end of an initial closing.
Investisseurs & Partenaires (I&P) has developed a consulting activity aiming to improve the business environment and develop the entrepreneurial ecosystem in Africa.
Phatisa has reached an agreement with JSE-listed Torre Industries, whereby Phatisa and Kanu management buy Torre’s remaining shareholding in Kanu Equipment.
The African Rivers Fund, managed by XSML, has invested an undiclosed amount in Monishop, a supermarket in Kinshasa, DRC.
Kibo Capital Partners (KCP) has invested in Blowplast, a producer of plastics packaging solutions in Kenya to support company’s expansion in East Africa and beyond.
Agri-Vie Fund I has exited from one of South Africa’s most respected value-added dairy companies, Fairfield Dairy, to a private investment trust, linked to the founding family for an undisclosed sum.
The Abraaj Group has announced the acquisition of 100% of Java House Group, East Africa’s leading coffee-led casual dining chain, from Emerging Capital Partners (ECP), and the Company’s founder and chairman, Kevin Ashley.
The Emerging Africa Infrastructure Fund (EAIF) has backed upgrades and expansion of two Madagascar airports by providing a €25m senior debt over a 16-year term.
EuroMena III, a private equity fund that invests in high growth local companies in the Middle East, North Africa and Sub-Saharan Africa, has acquired a minority stake in Retail Holding, a Moroccan retailer.
TIDE Africa, an international venture capital fund focused exclusively on technology enabled solutions and innovation serving Sub-Saharan Africa (SSA), has reached its first close of $40m of the $100m target.
South African private equity capital returns to investors increased by 123.2% in 2016 to R18.3bn, up from R8.2bn the previous years, according tp the SAVCA 2017 Private Equity Industry Survey.
LeapFrog Investments, a profit-with-purpose investor in emerging markets, has invested $180m in Ghanaian financial services provider, Enterprise Group.
LeapFrog Investments has acquired an undisclosed stake in Cignifi, a big data platform that aims to extend financial inclusion to one billion emerging consumers.
The African Development Bank, CDC Group, and the Dutch Good Growth Fund have jointly committed $31m to the Fund for Agricultural Finance in Nigeria (FAFIN).
