Africa and Middle East-focused SME financier GroFin Capital has agreed to fund the expansion of South African restaurant chain, Spur Group, into Kenya. Johannesburg-listed Spur plans to open its second location in Kenya at the Eka Hotel in the capital of Mombasa. GroFin has agreed to provide between KES40… Read More
Dutch development bank FMO has announced the creation of an Africa-focused fund-of-funds in partnership with U.S.-based fund-of-funds manager Fairview Capital Partners. The FMO Fairview Africa Fund will make commitments to private equity funds in Africa and selectively co-invest alongside these funds. The fund’s target size is US$200 million, of… Read More
International Finance Corporation (IFC) has announced that it will provide a US$70 million convertible loan to Nigerian commercial bank, Diamond Bank, in partnership with the Africa Capitalization Fund, a private equity fund managed by IFC Asset Management Company. Diamond Bank will use the loan to expand its lending program… Read More
In this issue Articles Anti-Corruption: Guidance for EM PE Practitioners Fundraising Do’s and Don’ts: Lessons from EMPEA’s Inaugural Fundraising Masterclass Highlights from the 14th Annual Global Private Equity Conference Guest Commentary: Emerging Market Secondaries Come of Age: An Analysis by Pomona Capital Inside Perspectives: An… Read More
Despite the shadows cast by Europe’s economic troubles and concerns of slowing economic growth in many emerging markets, most of the 875 participants attending the 14th Annual Global Private Equity Conference, co-hosted by EMPEA and IFC, were upbeat as they shared strategies and ideas on how to prevail as… Read More
Okechukwu (“Okey”) Enelamah, a Founder and Chief Executive Officer of African Capital Alliance (ACA), spoke with Nadiya Satyamurthy of EMPEA’s Research Department during the 14th Annual Global Private Equity Conference in Washington, D.C. to share his insights on the opportunity set in Africa and offered his advice on how… Read More
Global emerging markets private equity firm Actis has sold its 80 percent stake in Banque Commerciale du Rwanda (BCR) to a consortium of investors including Kenyan regional bank I&M Bank Limited and French and German development finance institutions Proparco and DEG, with the Government of Rwanda retaining a 20… Read More
Adlevo Capital Managers, a private equity fund manager focused on technology investments in Sub-Saharan Africa, and Intel Capital, Intel’s global investment and M&A arm, have invested in Rancard Solutions, a Ghana-based provider of cloud-based mobile software and services. Rancard’s services map connections among mobile users, allowing operators to deliver… Read More
Waco International, a South Africa-based provider of forming, shoring and scaffolding services, as well as mobile modular buildings and sanitation services, has been sold to a consortium led by Ethos Private Equity. Also participating in the transaction were South African private equity firm RMB Ventures, African bank Standard Bank… Read More
Global emerging markets private equity firm Actis has made a real estate investment in Kenya. Garden City, a 32-acre mixed-use development in Nairobi, will include a retail mall, commercial facilities, 500 new homes and a 4-acre central park with an outdoor events arena. Financial details of the transaction are… Read More
(default archive template)