Venture capital firm Energy Access Ventures (EAV) has led a US$4.3 million Series A round for Ghana-based pay-as-you-go financing company PEG with participation from impact investment group Investisseurs & Partenaires (I&P). Other investors included family office Blue Haven Initiative and Engie Rassembleurs d’Energie, the sustainable energy initiative of power generation… Read More
South African venture capital firm 4Di Capital has reached a first close for its new technology venture capital fund with ZAR256 million (approximately US$16.8 million) in capital commitments. Investors in the fund included Exponential Ventures, the investment arm of Johannesburg Stock Exchange-listed financial services group MMI Holdings. The fund will… Read More
Africa-focused private investment firm Helios Investment Partners has acquired a 60 percent stake in landline phone service provider Telkom Kenya from France-based telecommunications company Orange. The transaction was structured through Helios Investors III. The Government of Kenya also increased its stake in Telkom Kenya from 30 percent to 40 percent. … Read More
Frontier markets-focused private equity firm Schulze Global Investments has acquired a 43 percent stake in Ethiopia-based water bottling company Origin Investment. With Schulze’s support, Origin intends to increase production and create employment opportunities. Financial details of the transaction were not disclosed. Read More
Africa-focused investment management firm Convergence Partners has invested US$1 million in South Africa-based load balancing, web acceleration and security software company Snapt. The company, which has a reported client base of 10,000 customers across 50 countries, plans to use the new capital to expand internationally. … Read More
Pan-emerging markets private equity firm Actis has sold a seven percent stake in Edita Food Industries, an Egypt-based snack food company. Actis sold 50.7 million shares for an average price of EGP17.85 (approximately US$2.00) per share, for total proceeds of EGP906 million (approximately US$102 million). Separately, Actis has reached a… Read More
Namibia-focused private equity firm Eos Capital will acquire a majority stake in Namibia-based cleaning products manufacturer Elso Holdings. The transaction will be structured through Eos Capital’s Allegrow Fund. Elso Holdings plans to use the capital to expand within the Southern African Development Community region. Financial details of the transaction, which… Read More
Pan-African infrastructure fund manager Harith General Partners has invested in NOVO Energy, a South Africa-based power and technology company that supplies alternative fuel technologies and services in Africa. Harith structured the transaction through Pan African Infrastructure Development Fund 2. Financial details of the transaction were not disclosed. Read More
Private equity fund manager Phatisa and Zambia-based real estate company Camland Estate have entered into an agreement to develop a middle income residential property in Lusaka, Zambia. The transaction will be structured through Phatisa’s Pan African Housing Fund. The development, to be named Camland Villas, is a multi-phase, build-to-sell project… Read More
EMPEA’s Currency Risk Management Survey is the first pan-emerging markets exploration of the impact of currency volatility on the private equity industry. The survey features the views of 146 industry practitioners, and aims to provide the industry with a better understanding of how both GPs and LPs* report and manage exchange rate… Read More
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