Global growth markets investor The Abraaj Group has acquired a majority stake in Ghana Home Loans, provider of residential mortgages in Ghana. The company intends to use the new financing to scale and consolidate the business’ market position, increase operational efficiency and broaden its portfolio. Financial details of the… Read More
Sub-Saharan Africa-focused private equity fund Agri-Vie, which targets food and agribusiness investments, has acquired a 63 percent stake in South Africa-based table olive supplier Cape Olive Holdings. The company intends to use the new capital to increase its penetration in the food services sector and exports into Africa. Financial… Read More
Global growth markets investor The Abraaj Group has invested in Cote d’Ivoire-based engineering services and component manufacturing and distribution company African Industrial Services Group (AIS). AIS intends to use the capital injection to accelerate its next phase of expansion across West Africa. Financial details of the transaction were not… Read More
Pan-African SME private equity firm Jacana Partners and non-profit private foundation Soros Economic Development Fund have invested a reported US$ 1 million in Tanzania-based dry bulk cargo handling company DSM Corridor Group (DCG). DCG intends to use the capital injection to finance the expansion of its storage capacity with… Read More
Medu Capital has partnered with former Exclusive Books chief executive officer Benjamin Trisk and private investor Marke Barnes to buy two entities, South Africa-based book retailer Exclusive Books and academic book distributer Van Schaik Bookstores, from South Africa’s Times Media Group (TMG). The consortium will pay ZAR325 million (approximately… Read More
Private equity fund manager Phatisa has concluded fundraising for its African Agriculture Fund (AAF), with US$243 million in total capital commitments. The fund will target agriculture and food production in Africa. Investors in the fund include development finance institutions, government agencies, commercial banks, fund-of-funds and private investors. Phatisa has… Read More
East Africa-focused private equity and venture capital investor Fanisi Capital has acquired a significant stake in Kenya-based retail pharmacy chain Haltons for up to US$3 million. Haltons operates four retail outlets within Nairobi and intends to use the capital injection to expand its portfolio over the next two years… Read More
In May 2013, Leapfrog invested US$5.5 million in Express Life Insurance Company Ltd. for a majority stake in the company. Company Headquarters: Ghana Business focus: Insurance and savings for emerging consumers Impact Highlights With LeapFrog’s support, Express Life increased value to the customer and shareholder by creating new partnerships, products… Read More
Pearl Capital Partners (PCP), an East Africa-focused agriculture investment firm, and philanthropic foundation Voxtra have completed a joint investment in Uganda-based poultry company Biyinzika Enterprises. The transaction was structured through PCP’s African Agricultural Capital Fund and the Voxtra East Africa Agribusiness Fund. Biyinzika produces day-old chicks for small-scale and… Read More
Africa-focused private equity firm Development Partners International (DPI) has held a first close on its second buyout fund at US$250 million, with a final target of US$500 million. Investors in the fund include the United States’ Overseas Private Investment Corporation, which will commit up to US$150 million. African Development… Read More
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