Vital Capital Fund, an impact investing fund primarily focused on Sub-Saharan Africa, has invested up to US$9 million in the Uganda-based Tomosis Dairy Farms project in cooperation with local entrepreneur Odrek Rwabwogo of Tomosi’s Farm, a producer of dairy products. The investment objectives include improving yields for local farmers… Read More
Amethis Finance, a fund manager that provides debt and equity financing to companies in Africa, has held an interim close for its debut fund with US$250 million in capital commitments. The fund also has received a US$150 million line of credit from United States development finance institution Overseas Private… Read More
London-listed Atlas Mara Co-Nvest, whose strategy is to acquire and operate financial institutions in Africa, has reached an agreement to acquire a majority stake in Botswana-based ABC Holdings, parent company of banks operating under the BancABC brand. Atlas Mara has also entered into an agreement with German-listed pan-African banking… Read More
Pan-African private equity firm Helios Investment Partners has reached a first close on Helios Investors III, a Sub-Saharan Africa-focused fund, with US$355 million in capital commitments. Six institutional investors participated in the close. The fund is targeting US$1 billion, and a subsequent close is tentatively scheduled for late May,… Read More
Mezzanine-focused private equity fund manager Vantage Capital has exited its investment in South Africa-based CA Sales, a distributor of fast-moving consumer goods with operations in Botswana, South Africa, Swaziland, Zimbabwe and Mozambique. In March 2012, Vantage-funded Export Trading Group had acquired a 40 percent stake in CA Sales alongside… Read More
The Lake Turkana Wind Power Project (LTWP), intended to add 300MW of low cost wind energy to Kenya's national electricity grid, has signed financing agreements worth more than US$870 million, including a mixture of equity, mezzanine debt and senior debt. Pan-African infrastructure fund manager Harith General Partners, structured through… Read More
Alternative asset management firm Duet Group, through the creation of Duet Consumer West Africa Holdings (DCWA), has invested US$50 million to take controlling stakes in two Ghana-based companies: Shop N Save, a supermarket joint-venture with the founders of raw and processed agri-commodities distributor Finatrade Group, and GNFoods, a food… Read More
In 2009, Harith invested US$30 million for a 25% stake in Main One Cable Company. Company Headquarters: Nigeria, Ghana, Benin, Burkina Faso, Togo Business focus: Infrastructure Impact Highlights Main One built an undersea 1.92 terabitper- second fiber-optic cable linking landing sites in Accra and Lagos with Portugal for onward connection… Read More
Pearl Capital Partners, an East Africa-focused agriculture investment firm, has acquired a minority stake in Kenya-based dairy processing company Eldoville Dairies for KES200 million (approximately US$2.3 million). The transaction was structured through Pearl Capital Partners’ African Agricultural Capital Fund. Eldoville produces yogurts, cheeses, butter and cream, and intends to… Read More
IHS Holding, a Nigeria-based pan-African telecommunications infrastructure company, has secured US$420 million in equity and US$70 million in debt in its latest financing round. Investors include existing shareholders pan-African fund manager Emerging Capital Partners, International Finance Corporation and Euronext Paris-listed telecom company Wendel. Also participating in the transaction were… Read More
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