9 Dec

News > Private Equity > Deals

Convergence makes follow-on investment in CVAS

Dec. 9, 2020, 10:55 p.m.

Staff writer

Convergence Partners has acquired an additional $5m interest in ChannelVAS (CVAS), a fintech provider of mobile financial services across sub-Saharan Africa and beyond. Convergence Partners exercised preferential and exclusive rights to acquire the stake as a result of an intra-consortium rebalancing of the holdings of another member of the Ethos consortium through which Convergence Partners is partially invested.

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9 Dec

News > Private Equity > Deals

Inside Capital invests $3.1m in Mauritian recyclable waste collector

Dec. 9, 2020, 10:49 p.m.

Anna Lyudvig

Inside Capital has invested $3.1m in the Mauritian recyclable waste collector company WeCycle, to drive its local and regional expansion.

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9 Dec

News > Private Equity > Deals

EXEO backs Kenyan ice-cream producer

Dec. 9, 2020, 10:33 p.m.

Anna Lyudvig

EXEO Capital has invested via its Food and Agribusiness fund, Agri-Vie Fund II, in Glacier Products – the producers of Kenya’s renowned ice-cream and chocolate brand, ‘Dairyland’.

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9 Dec

News > Private Equity > Deals

CFM partners with SWS for solar-powered desalination development in Kenya

Dec. 9, 2020, 10:25 p.m.

Staff writer

Climate Fund Managers (CFM) has agreed to co-finance and co-develop a portfolio of solar-powered desalination installations, turning brackish groundwater into drinking water.

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9 Dec

News > Private Equity > Deals

LCP Fund II makes inaugural investment in DSQ Group

Dec. 9, 2020, 9:30 a.m.

Staff writer

LCP Fund II (LCP), managed by Lorax Capital Partners, has acquired a significant minority stake in DSQ Group, one of the leading end-to-end loyalty and rewards solutions providers in the CEMEA region.

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3 Dec

News > Private Equity > Deals

CCBSA SME Fund backs laboratory supplies company

Dec. 3, 2020, 5:13 p.m.

Anna Lyudvig

Edge Growth through its Coca-Cola Beverages South Africa (CCBSA) Fund has invested an undisclosed amount in Bashumi Instruments & Control Services (BICS), a South African 100% black Female owned company.

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3 Dec

News > Private Equity > Deals

AfricInvest invests in Fidelity Bank Ghana

Dec. 3, 2020, 1:31 p.m.

Staff writer

AfricInvest, a Pan-African mid-cap-focused private equity firm, has acquired a minority stake in Fidelity Bank Ghana.

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2 Dec

News > Private Equity > Deals

A.P. Moller acquires 49% stake in MCM

Dec. 2, 2020, 12:25 p.m.

Staff writer

A.P. Moller Capital has through the Africa Infrastructure Fund 1 has acquitred a 49% shareholding in Casablanca-based grain terminal operator Mass Céréales al Maghreb (MCM).

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30 Nov

News > Private Equity > Deals

EAV and FMO co-invest in ZIZ

Nov. 30, 2020, 10:31 p.m.

Staff writer

FMO through its Ventures Program has signed an €500k convertible note to ZIZ Energie (ZIZ), a privately-owned integrated power company in Chad.

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24 Nov

News > Private Equity > Deals

EAIF lends $31m to Access LNG

Nov. 24, 2020, 10:31 p.m.

Staff writer

The Emerging Africa Infrastructure Fund (EAIF) has lent $31m over 10 years to Access LNG, a provider of specialist floating LNG infrastructure, to support the construction of a new Liquid Natural Gas (LNG) storage and regasification facility at Tema port in Ghana.

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24 Nov

News > Private Equity > Deals

DPI-backed CMGP combines with CAS

Nov. 24, 2020, 10:11 p.m.

Anna Lyudvig

Development Partners International (DPI)’s backed Compagnie Marocaine de Goutte à Goutte et de Pompage (CMGP) has combined with Comptoir Agricole de Souss (CAS), creating a major new player in the Moroccan and African agricultural industry.

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19 Nov

News > Private Equity > Deals

CAPE IV backs Accelerex with $20m

Nov. 19, 2020, 6:47 p.m.

Anna Lyudvig

Africa Capital Alliance (ACA) via its Capital Alliance Private Equity IV (CAPE IV) fund, has agreed to invest $20m in Accelerex.

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19 Nov

News > Private Equity > Deals

InfraCo Africa invests in EkoRent Africa

Nov. 19, 2020, 6:06 p.m.

Staff writer

InfraCo Africa, EkoRent Oy and EkoRent Africa (subsidiary of EkoRent Oy) have signed a Shareholders Agreement, investing €1m to enable EkoRent Africa to scale up its NopeaRide electric mobility initiative in Nairobi.

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17 Nov

News > Private Equity > Deals

AIIM invests ZAR980m in MetroFibre Networx

Nov. 17, 2020, 5:12 p.m.

Anna Lyudvig

African Infrastructure Investment Managers (AIIM) has acquired a minority equity stake in MetroFibre Networx, a South African open access fibre network operator, through the newly incorporated Digital Infrastructure Investment Holdings platform.

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