The Carlyle Group has agreed to acquire a significant stake in Africa’s largest credit rating agency Global Credit Rating (GCR) from the management founders, and German development financial institution DEG.
Capital Group Private Markets, an emerging markets private equity group and part of the Capital Group Companies, has joined Wendel as significant minority shareholder in Tsebo, a Pan-African facilities services company.
CDG Capital Private Equity, a private investment fund based in Morocco, has sold its stake in regional outsourcing company Intelcia to Altice Group, a multinational group operating in telecommunications, content and media.
One of the most underutilised opportunities to drive economic growth in South Africa is through the investment of private equity, according to Paul Boynton, CEO of Old Mutual Alternative Investments.
QG Africa Hotel, a Mauritius based investment fund managed by Quantum Global Investments Africa Management, has acquired a 100% stake in Mövenpick Ambassador Hotel Accra for a consideration of $100m from Kingdom Holding Company (KHC).
Moringa SICAR, a €84m investment vehicle for agroforestry projects with high environmental and social impacts, has invested an undisclosed amount in Tolaro Global, a cashew kernels processor and exporter in Benin.
The sale contract of the International School of Carthage (ISC) to the Tunisian-Moroccan consortium constituted by SPE Capital (former Swicorp) and Meninx (Tunisian Tamarziste Group) and the Moroccan group “Holding Générale d'Education” was signed Tuesday, at the headquarters of the Ministry of Finance.
Nigeria has the capability to become one of the most significant leaders in Africa’s financial technology innovation, according to Irrational Innovations, a venture capital fund focused on fintech in Africa.
AfricInvest III, a fund managed by AfricInvest Group has completed a €17.3m equity investment in Azalaï Hotels, the holding company of one of the main Pan-African hospitality groups in the ECOWAS region.
Actis has fully exited its remaining 14.3% stake in Uganda’s principal electricity distribution and supply business, Umeme via the Ugandan and Kenyan capital markets.
Alta Semper Capital, a consumer and healthcare focussed private equity investor, alongside CI Capital Partners, an Egypt-focused private equity investor, have partnered through the MEA Healthcare Partners platform with Macro Holding, a consumer healthcare company in Egypt.
Nigerian fintech startup Paystack has raised $1.3m in seed funding from Tencent, Comcast Ventures, Singularity Investments and other international investors.
Oando, Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the completion of a partial divestment of 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power (OGP), to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partners.
DOB Equity, a Dutch family office, AHL Venture Partners, an impact-focused venture capital firm in Africa, and private investors have backed PowerGen Renewable Energy by injecting $4.5m in a Series A investment round.
