Currency risk can be a major challenge when investing in Africa, according to the ‘Currency Risk Management Practices in African Private Equity and Venture Capital’ Report, the second AVCA’s special report series alongside The Currency Exchange Fund (TCX) and MFX Solutions.
PE Industry News
Inspired Evolution and Schneider Electric to explore innovative Energy- as-a-Service solutions across Africa
Inspired Evolution and Schneider Electric have agreed to collaborate on various energy-related solutions for the African region.
The total value of private capital deals reported in Africa reached a record high of $7.4bn, according to AVCA’s 2021 Annual African Private Capital Activity Report.
Partech, a tech investment firm, has launched “Chapter54”, a support programme for European start-ups wanting to expand into African markets.
Africa-focused infrastructure investment funds have set record fundraising targets in 2021, according to new analysis by global law firm Linklaters.
Metier Sustainable Capital, a private equity fund focused on clean infrastructure investments across Africa, managed by Metier, and FMO, the Dutch entrepreneurial development bank, have established and funded Africa REN Energy, a newly formed investment holding dedicated to support African infrastructure projects.
FONSIS, the Senegalese Sovereign Wealth Fund and KfW, the German Development Bank have launched Oyass Capital, an investment fund dedicated to investments in SMEs in Senegal.
Alterra Capital Partners, an Africa-focused private equity firm that spun out of Carlyle in 2020, has been joined by Bryce Fort and Paul Maasdorp, Partners at Emerging Capital Partners (ECP), to launch a new African investment vehicle.
Rwanda Finance (RF) and the East Africa Venture Capital Association (EAVCA) have partnered to enable private investment in Africa through their respective mandates.
On June 1, 2021, the Competition Commission had formally blocked the process of Pan-African PE firm Emerging Capital Partners (ECP) from purchasing fast-food chain Burger King South Africa and Grand Foods Meat Plant.
Transformation Investment Portfolio (TIP) One has partnered with SDG Global Group to set up funds for investing in Africa, and to raise funds from international investors for impact projects in Africa.
Starsight Energy, a technology-enabled African Commercial & Industrial (C&I) energy-as-a-service provider, has acquired a 50% stake in the East African operations of Premier Solar Group, a C&I solar company with a focus on Sub-Saharan Africa and South Asia.
MiDA Advisors, a global transaction and financial advisory firm, and SAVCA have launched the Women Empowerment Mentoring and Incubation Fund Manager Programme (WE>MI), to increase the number of investable women fund managers in Southern Africa.
As a result of the economic fallout precipitated by the Covid-19 crisis, the value of PE deals marginally declined to $3.3bn in 2020, from $3.8bn in 2019, according to the new AVCA report.