AfricInvest backs International Community School
AfricInvest Private Equity Fund III has invested in International Community School (ICS), a private K-12 school in Ghana.
AfricInvest Private Equity Fund III has invested in International Community School (ICS), a private K-12 school in Ghana.
Africa Special Opportunities Capital (ASOC) Fund I, South Africa’s first dedicated distressed private equity fund, has recently concluded its first transaction by acquiring OptiCo.
Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra.
The African Rivers Fund (ARF), managed by XSML, has made its first investment in Uganda in KARE Distribution (KARE), a wholesaler and distributor of essential consumer goods.
Caleo Capital, an international wealth and asset management business, has recently invested in and partnered with Secha Capital, a patient capital impact investment holding company that invests in established FMCG and agribusiness SMES in South Africa.
Teranga Capital, an impact fund dedicated to finance and support Senegalese small and medium businesses, has realized its first investment, adding OuiCarry to its portfolio.
Neptune Energy Group has proposed to acquire a majority shareholding in ENGIE E&P International (EPI) for $3.9bn from France’s ENGIE Group.
Convergence Partners, Google, IFC and Mitsui & Co. have agreed to invest up to $100m in CSquared, a broadband infrastructure company focused on building wholesale metro fibre optic networks and enabling internet access in Africa.
Synergy Private Equity Fund (SPEF) has acquired an undisclosed stake in Dimension Data Nigeria and Dimension Data Ghana via the acquisition of the Nigerian and Ghanaian subsidiaries of Dimension Data.
Accion Frontier Inclusion Fund, managed by Quona Capital, has invested an undisclosed amount in AllLife, a South Africa-based life insurance company.
The Sweden-listed investment firm Vostok New Ventures has invested $1.5m in CarZar.co.za, an online car buying service for the secondhand auto-trade industry in South Africa.
DOB Equity, a Dutch family office, will invest up to $4m in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya.
Moringa, an impact investment fund specialising in agroforestry projects in sub-Saharan Africa and Latin America, has finalised its second investment in Africa.
Mergence, a R32bn black-owned financial services group, has acquired a majority stake in Riparian, the largest independent trade commodity finance firm in South Africa, now rebranded as Mergence Commodity Finance.