AXA, a French multinational insurance and asset management group, has announced a €75m investment in Africa Internet Group (AIG), an e-commerce group in Africa, for an 8% stake of the company’s capital.
Broadreach Private Equity alongside Grindrod Financial Services have acquired an equity stake in FS-Systems, an African systems integrator providing end-to-end fire & electronic security solutions.
French media giant Canal+, together with existing investor Kinnevik AB, have invested $19m in Nigerian tech and entertainment company, iROKO.
LeapFrog Investments, a specialist investor in emerging markets has acquired a majority stake in UT Life Insurance Company, one of the key players in the life insurance sector in Ghana.
Ethos Private Equity has acquired a 65% stake in The Eazi Group, Africa's market leader in the rental, sale and servicing of work-at-height and material handling solutions, in a deal valued at R1.6bn.
The West Africa Emerging Markets Growth Fund (WAEMGF), managed by PCM Capital Partners, has invested in First Atlantic Bank Ghana, a full-scale commercial bank with over 20 years’ experience in the Ghanaian banking industry.
Old Mutual Property (OMP), a division of Old Mutual, has invested KES6.4bn ($62.5m) in Two Rivers Lifestyle Centre (TRLC), the holding company for the Two Rivers Mall in Kenya.
54 Capital, an Africa focused private equity firm, has invested $42m into Addis Pharmaceutical Factory (APF), Ethiopia’s leading pharmaceutical manufacturer.
Old Mutual Private Equity (OMPE), a division within Old Mutual Alternative Investments, has acquired a significant minority stake in In2food, a South African convenience food manufacturing business.
The Abraaj Group has acquired through its second generation North Africa Fund (ANAF II), a stake in Société d’Articles Hygiéniques (SAH), a leading producer of disposable household and personal care products for babies, women and adults in Tunisia.
I&P; Afrique Entrepreneurs (IPAE), an impact fund dedicated to small and medium enterprises based in Sub-Saharan Africa, has acquired 48% of the capital in Tincy Boulangerie, a bakery based in Benin.
The Abraaj Group has acquired through its second generation North Africa Fund (ANAF II), a significant minority stake in Cellulose Processing (CEPRO), a leading manufacturer and distributor of baby diapers and feminine sanitary pads in Algeria.
Venture capital firm Nest has invested in Kenya’s Ongair, a web-based dashboard that enables businesses to engage with their customers on instant messaging platforms like WhatsApp, Messenger, Telegram and WeChat.
The Emerging Africa Infrastructure Fund (EAIF) is to lend $5m to help finance the rehabilitation, repair and development of three ‘brownfield’ palm oil plantations in the Democratic Republic of Congo.
