The 12th annual edition of EMPEA’s Global Limited Partners Survey features the views of 107 limited partners (LPs) on the emerging markets private equity (EM PE) asset class. This study aims to provide the industry with a better understanding of how LPs’ strategies for investing are evolving; what challenges… Read More
Philanthropic investment firm Omidyar Network has led a seed financing round in Giraffe, a South Africa-based company that operates an automated mobile recruitment app matching businesses with medium-skilled jobseekers. Omidyar will support the expansion of Giraffe’s platform and reach within the country. Financial details of the transaction were not disclosed. Read More
Africa-focused investment management firm Convergence Partners and Stockdale Street—a firm representing the Oppenheimer family’s South African private equity portfolio—have acquired 100 percent of South Africa-based software-as-a-service platform e4. Convergence Partners structured its contribution through its Communications Infrastructure Fund. With support from the new investors, e4 plans to accelerate its growth… Read More
Pan-African mezzanine fund manager Vantage Capital has provided US$20 million of expansion funding to Nigeria-based property developer Landmark Africa. The transaction was structured through Vantage Capital Fund III. Landmark Africa has a portfolio of more than 130,000 square meters of mixed-use office, residential and leisure facilities and is currently building… Read More
Impact fund manager Equator Capital Partners and private equity firm Progression Capital Africa have invested KES1.2 billion (approximately US$12 million) in Kenya-based financial institution Jamii Bora Bank. The transaction was structured through Equator Capital Partners’ ShoreCap II and Progression Capital Africa’s Progression Eastern African Microfinance Equity Fund. Jamii Bora Bank… Read More
Kibo Capital Partners, a fund manager focused on Eastern and Southern Africa and the islands of the Indian Ocean, and Velogic, a Mauritius-based logistics company, have invested in Kenya-based logistics service provider General Cargo Group. The transaction was structured through Kibo Fund II. Financial details of the transaction were not… Read More
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of emerging markets-focused financial services companies Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) following the receipt of regulatory approvals. The transactions were structured through Helios Investors III. CAB and CAIM provide payments, trade finance, foreign exchange… Read More
Branch International, a financial technology company focused on Sub-Saharan Africa, has raised US$9.2 million in a Series A funding round led by venture capital firm Andreesen Horowitz. Impact investor Khosla Impact Fund and venture capital firm Formation 8, both existing investors in the company, also participated in the round. Branch… Read More
Alternative asset management firm Duet Group has agreed to invest approximately US$18.6 million in Kenya-based lender Fidelity Bank. Fidelity Bank intends to use the financing to improve its capital base and expand regionally. The bank is looking to double the size of its branch network from 14 locations predominantly in… Read More
Nigeria- and Ghana-focused private equity firm Synergy Capital Managers has invested in Nigeria-based broadband communications provider Suburban Fiber Company. The transaction was structured through Synergy Private Equity Fund I. With Synergy Capital’s backing, Suburban Fiber plans to attract new customers by investing in network expansion, marketing, bandwidth and content. Financial… Read More
(default archive template)
