Africa-focused investment group African Frontier Capital has exited its stake in Uganda-based power generator Electro-Maxx. The company owns and operates two heavy fuel oil power plants in Tororo, Uganda, totaling 90 megawatts of installed capacity. Financial details of the transaction were not disclosed. Read More
Global investment and advisory firm The Blackstone Group has announced that Black Rhino, a South Africa- and Senegal-based infrastructure development company backed by Blackstone Energy Partners and affiliated funds, will partner with West African industrial conglomerate Dangote Industries to jointly invest up to US$5 billion over the next five… Read More
Pan-emerging markets private equity firm Actis has sold a 6.7 percent stake in Uganda-based electricity distribution company Umeme to Ugandan retail investors and Umeme management and directors for US$13 million. This is the second part of a two-part transaction in which Actis has sold a total of a 45.7… Read More
Private equity fund manager Kibo Capital Partners has reached a first close on its second fund, The Kibo Fund II, with US$50 million in capital commitments. Investors included development finance institutions, pension funds, family offices and other institutional and commercial investors. The Kibo Fund II will make growth capital… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has invested a reported US$200 million in Afriflora, a rose grower and distributor with a main growing facility in Ethiopia. The transaction was structured through KKR’s European fund. Afriflora grows about 730 million flowers a year for export to Europe. Read More
Pan-African private equity firm Helios Investment Partners has agreed to acquire a minority stake in Nigeria-based pension fund manager ARM Pension Managers, a subsidiary of asset manager Asset & Resource Management Company (ARM). ARM Pension Managers has more than US$2.2 billion of pension assets under management and intends to… Read More
Private equity fund manager Phatisa will invest in a special purpose vehicle with Kenya-based real estate and investment trust Africa Reit to develop a 66-unit apartment complex in Kikuyu Town, located to the west of Nairobi, Kenya. Phatisa’s investment will be structured through its Pan African Housing Fund. Financial… Read More
Frontier markets-focused private equity fund manager XSML has invested in Democratic Republic of the Congo-based digital printing business Quickprint. The company provides digital printing solutions for corporates, non-governmental organizations, small- and medium-sized enterprises and individuals. Quickprint intends to use the financing to purchase new printing machines. Financial details of… Read More
Pan-emerging markets private equity firm Actis has realized its investment in Egypt-based Commercial International Bank (CIB), selling its remaining 6.5 percent stake to Canada-based financial services holding company Fairfax Financial Holdings. Actis previously sold a 2.6 percent stake to international investors in March 2014. Financial details of the transaction… Read More
Pan-African private equity firm Emerging Capital Partners (ECP) has partially exited its stake in Togo-based Oragroup, a commercial banking holding company with operations in West and Central Africa, through a sale to Gabon’s Strategic Investment Fund. The divested stake had originally been acquired through ECP’s Central Africa Growth (CAGS)… Read More
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