Mediterrania and Ekuity Invest in Aziza

Sources: Mediterrania Capital Partners, Africa Capital Digest

Africa-focused growth equity fund manager Mediterrania Capital Partners and Ekuity Capital, an investment firm backed by the governments of Tunisia and Kuwait, have invested in Tunisia-based supermarket chain Aziza. Mediterrania reportedly acquired a 20 percent stake in the company through its third fund. Aziza plans to partner with Mediterrania and Ekuity to expand operations. Financial details of the transaction were not disclosed.