Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) has led minority stake investments in two companies: Enval Laboratoire, a Côte d'Ivoire-based physic-chemical and microbiological analysis company, and PEG Africa, a Ghana-based asset finance company selling solar energy products to off-grid customers. Financial details of the Enval transaction, in which… Read More
Emerging markets-focused energy fund manager Berkeley Energy has reached a final close for its African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on Sub-Saharan Africa, with US$200 million in capital commitments. The African Development Bank (AfDB) and its Sustainable Energy Fund for Africa (SEFA) are AREF’s lead… Read More
Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, has sold its stake in C-Re Holding, a vehicle that owns a 53.6 percent stake in Nigeria-based reinsurance company Continental Reinsurance, to Saham Finances, the insurance arm of Morocco-based conglomerate Saham Group. ECP originally… Read More
Pan-African private equity firm AfricInvest has led the sale of a 59.34 percent stake in Alios Finance–a France-based holding company with majority stakes in non-banking finance companies in Côte d’Ivoire, Senegal, Mali, Burkina Faso, Cameroon, Gabon, Zambia, Tanzania and Kenya–to TLG Finance, a holding company controlled by Tunisia-based finance leasing… Read More
Nigeria- and Ghana-focused private equity firm Synergy Capital has reached a final close on its fund, Synergy Private Equity Fund I (SPEF), with US$100 million in capital commitments. SPEF has a total of 12 investors, including four development finance institutions, seven commercial investors and one sovereign wealth fund. To date,… Read More
Pan-emerging markets private equity firm Actis has sold its stake in Globeleq Africa, a manager of electricity-generating assets across Cameroon, Tanzania, Côte d’Ivoire, Kenya and South Africa, to a company owned by development finance institutions CDC Group and Norfund. Through the transaction, Norfund acquired a 30 percent stake in Globeleq… Read More
Pan-African private equity firm AfricInvest has sold its stake in Kenya-based private school company Brookhouse Schools to United Kingdom-based education-focused investment firm Educas. The transaction was structured through AfricInvest Fund II, which initially invested in the company in 2010. Financial details of the transaction were not disclosed. Read More
Emerging markets (EM) venture capital (VC) activity—in terms of number of deals completed and total capital invested, and as a percentage of overall EM private investment activity—reached record highs in 2014 and showed no signs of slowing down in the first half of 2015. Fund managers completed 472 investments… Read More
Maurizio Caio, Founder and Managing Partner TLcom In 2013, we launched an international venture capital fund focused exclusively on technology-enabled services and innovation for Sub Saharan Africa across all stages of the venture capital cycle. The fund targets equity investments in the… Read More
Africa-focused private equity infrastructure fund manager African Infrastructure Investment Managers (AIIM) has partnered with Hydroneo Afrique, a subsidiary of global hydro power plant equipment manufacturer MECAMIDI, to develop a pipeline of hydro power projects in Sub-Saharan Africa. AIIM and Hydroneo Afrique will establish a 50/50 joint venture to develop, finance,… Read More
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