Central Africa-focused private equity fund manager XSML has announced the closing of its Central Africa SME Fund with US$19 million in committed capital. The fund plans to pursue investments in small- and medium-sized enterprises in the Democratic Republic of the Congo and the Central African Republic. To date, the… Read More
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
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
Vantage Risk Capital, the mezzanine investment arm of South African private equity firm Vantage Capital, has agreed to invest up to US$30 million in Ghanaian power producer Genser. Genser intends to use most of the initial funds to finance the completion of the Chirano power plant in western Ghana… Read More
Amethis Finance, a Luxembourg-based, Africa-focused investment firm, has invested US$10.5 million in Kenya’s Chase Bank. The deal represents Amethis Finance’s first equity investment and follows the December 2012 US$140 million first close of its maiden fund. Chase Bank, which specializes in lending to Kenyan SMEs, plans to use the… Read More
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
The African Agriculture Fund (AAF), a private equity fund managed by Sub-Saharan Africa-focused fund manager Phatisa, has invested in Continental Beverage Company (CBC), a Côte D’Ivoire-based bottler and distributor of mineral water. CBC, a wholly owned subsidiary of West and Central African conglomerate The Teylium Group, markets the Olgane… Read More
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
CDC, the development finance institution of the United Kingdom, has committed US$30 million to Investec Africa Credit Opportunities Fund 1, a corporate debt fund managed by South African investment firm Investec Asset Management. The fund, which is targeting up to US$350 million in total commitments, will provide long-term capital… Read More
Investec Private Equity, the private equity division of international specialist banking and asset management firm Investec, has acquired a 30 percent stake in Assupol, a South African life insurance and financial services company. The investment consists of an equity injection as well as a debt component payable over five… Read More
(default archive template)
