Private equity exits in Africa reached a 9-year high in 2015, even as firms held onto their investments longer due to economic uncertainty, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
PE Industry News
The African Private Equity and Venture Capital Association (AVCA), a pan-African industry body which promotes and enables private investment in Africa, has announced the launch of its newly inaugurated Sustainability Committee.
The allocation by pension funds in Southern Africa to private equity remains limited, according to the findings of a recently released survey report by the Southern African Venture Capital and Private Equity Association (SAVCA).
New York based RueOne Investments has announced its plans to launch the first marketplace providing investors direct access to a curated selection of alternative assets that are sourced, structured, and managed by industry leading asset managers.
Business Partners Limited has launched Business Partners International (BPI) Uganda, a specialist risk finance company that provides customized financial solutions, sectoral knowledge, mentorship, and other added-value services for formal small and medium enterprises (SMEs) across Africa, and opened an office in Kampala, Uganda.
Investors remain confident about the future of the hospitality industry in Africa, according to Trevor Ward, W Hospitality Group Managing Director.
The Abraaj Group has announced the formation of Themis Energy, a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space.
Afinitas, an Africa focused investment company listed on the Botswana Stock Exchange, has approved $2.5m to establish an Ethiopia focused holding company and fund its investments.
Agri-Vie, an African private equity firm focused on the food and agribusiness sector, and pan-African asset manager STANLIB, have launched EXEO Capital, a new private equity partnership, which will allow both parties the opportunity to expand their alternative investment offerings in Africa.
RisCura, on behalf of the East African Venture Capital Association (EAVCA), has released the first ever dashboard on East African private equity deals, revealing that Kenya is dominating the region as a hub of private equity activity.
There has been an increase in M&A; activity, especially in East and West Africa, as European multinationals search for opportunities to counter slowing growth at home, according to Fradreck Shoko, Head of Global Advisory for Standard Bank.
The Agriculture Fast Track Fund (AFT), a multi-donor fund contributed by United States Agency for International Development (USAID), Danish International Development Agency (DANIDA), and Swedish International Development Agency (SIDA), has announced an Ongoing Call for Concept Notes for Project Grants.
With over $50bn of collected premiums each year across the continent, and unprecedented year-on-year growth, it is important that African insurers think more strategically at where they invest their portfolios, Papa Madiaw Ndiaye, Founder and CEO of AFIG Funds, has said.
Gulf Capital, an alternative investment firm in the Middle East, has partnered with Serengeti Capital, an Africa-focused investment bank, to expand its private debt business to Sub-Saharan Africa.