Centum has sold its 26.43% stake in KWA Holding East Africa (KWA), one of the foremost manufacturers and distributors of spirits and wines in Kenya, to Distell International Holdings, a subsidiary of Distell Group.
Injaro Investments, the manager of the agricultural impact fund IACHL, has sold its 30% stake in seed producer Nafaso to the founders and other shareholders.
ADP I Fund has successfully sold its 27.7% shareholding in CAL Bank in Ghana to Arise BV, a financial services investment company whose major shareholders are Norfund, Rabobank and FMO.
FlightScope, a developer of 3D Doppler ball-tracking radar for sports, has bought out its venture capital partner, HBD Venture Capital.
Inspired Evolution, a South African clean energy and resource efficiency specialised fund manager, has exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
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.
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.
Ajinomoto has acquired a 33.33% stake in Promasidor Holdings, a major processed foods manufacturer in Africa, for $532m from Tana Africa Capital and the company’s founding partners.
Catalyst Principal Partners, East Africa focused private equity firm, has sold its controlling stake in Kenya’s pharmaceutical retailer Goodlife Pharmacy to LeapFrog Investments.
Hermes-Sojitz, an international direct investments fund, has sold its 60.3% stake in Sinopac, a company involved in exploration and mining of rare earth metals in Africa, for $340m.
Cauris Management, a private equity fund manager in Francophone West Africa, has sold its shares in Atlantic Business International (ABI) and Bridge Bank Group Côte d'Ivoire.
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.
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.