Fanisi Announces Rwanda Investment (Sub-Saharan Africa)

East Africa-focused private equity and venture capital investor Fanisi Venture Capital Management has invested US$3 million in Rwandan agribusiness company ProDev Group Holdings. ProDev Group Holdings owns two subsidiaries: Mimex, a branded maize meal manufacturer, and ProDev Rwanda, which handles, dries and stores the maize. The financing is intended… Read More

Injaro Invests in Nafaso (Sub-Saharan Africa)

Injaro Agricultural Capital Holdings, a West Africa-focused investment adviser, has agreed to acquire a 30 percent stake in Neema Agricole du Faso (Nafaso), a seed producer based in Burkina Faso. The investment is intended to increase Nafaso’s production of agricultural seeds, which it supplies to small farmers in West… Read More

XSML Provides Long Term Finance to RJ Trading (Sub-Saharan Africa)

Central Africa-focused private equity fund manager XSML has invested in RJ Trading, a food retailer in the Democratic Republic of the Congo. RJ Trading sells ice cream and baked goods, and operates a supermarket. XSML structured the investment through its Central Africa SME Fund. Financial details of the transaction… Read More

Summit Partners Invests in Jumia (Sub-Saharan Africa)

U.S.-based investment firm Summit Partners has invested US$26 million in Jumia, an online retailer based in Nigeria. Jumia sells a range of products in Nigeria, Egypt and Morocco, and the funding is intended to aid its expansion into additional African markets. Jumia was developed and launched by German incubator… Read More

AFIG Purchases Two Companies from Impaxis Capital (Sub-Saharan Africa)

Advanced Finance & Investment Group (AFIG), a private equity firm focused on Sub-Saharan Africa, has invested US$14 million in two Senegalese companies: downstream oil company Elton Oil Industries and automotive assembler Senbus Industries. Both companies are owned by Société d’Interventions Financières (SIFI), a subsidiary of Senegalese principal investment and… Read More

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