The current investment cycle has identified increased investor interest in Morocco, which remains the leading country for investment in North Africa, according to the African Private Equity and Venture Capital Association (AVCA).
PE Industry News
South African private equity industry delivered a 10-year internal rate of return (IRR) of 18.1% at the end of June 2016, down from 19% reported in the previous quarter, ending March 31, 2016.
Africa's financial environment is as competitive as other developing and high income regions in some countries, but access to finance remains a challenge, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
The Islamic Corporation for the Development of the Private Sector (ICD) and the Deposit and Consignments Fund (DCF) of Gabon have agreed to launch a private equity fund for SMEs in Gabon and Central Africa.
Actis Africa Real Estate Fund 3 (ARE3) is looking for investment opportunities across Africa including in Kenya and Mozambique, Africa Global Funds has learned.
Of the total $1.1bn private equity fund closures in 2016 H1, 46% were dedicated exclusively to real estate opportunities in Africa, according to the inaugural 2016 H1 AVCA report.
The impact investing group Investisseurs & Partenaires (I&P) has partnered with the US Agency for International Development (USAID) to launch an innovative acceleration program in Niger, Burkina Faso and Senegal.
Swicorp Private Equity has completed its spin-out from Swicorp to become SPE Capital Partners (SPE Capital), an independent private equity firm focusing on the Middle East and Africa, excluding the GCC.
Africa50, an African Development Bank (AfDB) infrastructure fund, has stepped up its effort to secure investments from foreign and local wealth funds, social security funds and banks.
TURN8, a Dubai based venture capital firm, has launched $60m Venture Capital Fund that will invest in technology startups in the MENA region.
GreenHouse Capital, a Nigerian venture capital fund managed by Venture Garden Group, has said it will invest $10m into technology start-ups over the next two years.
Angola Capital Investments (ACI), an international investment firm headquartered in Angola, has changed the company title to ABO Capital.
Ethos Capital has successfully listed as an investment entity in the “Financials – Speciality Finance” sector of the main board of the securities exchange operated by the JSE.
The majority of African deals since 2013 have been for energy infrastructure (60%) as the emphasis on electricity generation and transmission in Africa intensifies, according to Preqin’s report.