The UNICEF Innovation Fund has made its first investment in Africa by acquiring an undisclosed stake in 9Needs, a blockchain startup in South Africa.
The Private Equity Women Investor Network (PEWIN), a global networking organization for senior women in private equity, has expanded to Nigeria, following the formal launch of PEWIN Africa earlier in the year, in South Africa.
Absa Bank, a wholly owned subsidiary of Barclays Africa Group, has announced that it will sell its 49% stake in RainFin to the company’s founders and management.
American Capital Energy & Infrastructure (ACEI) has exited all of its African energy investments, which it invested in over a three year period.
Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has launched Adenia Capital (IV), its fourth follow-on fund vehicle.
The current investment cycle has identified increased investor interest in Morocco, which remains the leading country for investment in North Africa, according to the African Private Equity and Venture Capital Association (AVCA).
African Rainbow Capital has acquired a 49% interest in Sinayo Securities, a Johannesburg-based equities brokerage firm, to expand its institutional client base and broaden its brokerage services.
South African private equity industry delivered a 10-year internal rate of return (IRR) of 18.1% at the end of June 2016, down from 19% reported in the previous quarter, ending March 31, 2016.
Capria, a global impact investment firm, has announced that the Capria Accelerator Fund has reached its final close at $5.2m and is slightly over-subscribed.
Maghreb Private Equity Fund II (MPEF II), managed by AfricInvest, has sold its 20.06% stake in the Group Cotugrain Hortimag, a Tunisia-based leader in the production of seeds, fresh vegetables, and young plants for export.
Qalaa’s cement subsidiaries, ASEC Cement and ASEC Cement Djelfa Offshore, have signed a preliminary agreement to sell 100% of Algerian Cement Plant Djelfa for $60m transaction to a consortium of Algerian investors.
The Emerging Africa Infrastructure Fund (EAIF) has participated in a syndicate led by the Dutch development bank, FMO, to provide a $14.7m loan to enable the construction of a 10MW solar farm in the Tororo area of Eastern Uganda.
Goodwell Investments, through its fund Goodwell MDC III, has invested in Innovative Microfinance, a microfinance institution operating in Northern Ghana.
Musa Capital Namibia, an affiliate of the South African-based company, Musa Group, has recently held the first close of its Namibia Mid-Cap Fund.
