The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has provided a US$25 million loan to CECA SL Generation, a joint venture set up by power developers TCQ Power and Globeleq to build… Read More
Africa-focused private equity fund manager Phatisa and Kanthu Nkhama Capital have agreed to acquire a 55 percent stake in South Africa-based construction equipment supplier Kanu Equipment from Johannesburg Stock Exchange-listed industrial group Torre Industries for a total consideration of US$27 million. Phatisa will invest through African Agriculture Fund and increase… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a majority stake in South Africa-based telecommunications carrier CMC Networks from Africa-focused principal investments firm Investec Equity Partners. Carlyle will invest from the Carlyle Sub-Saharan Africa Fund, while CMC’s founder and management team will reinvest alongside Carlyle. Financial details… Read More
South Africa-focused private equity fund manager Ethos Private Equity has reached a first close for Ethos Mid Market Fund I with an undisclosed amount of committed capital. Investors in the fund include investment management firm Ethos Capital, which committed ZAR550 million (approximately US$38 million). The fund will seek to deploy… Read More
Actis was selected as a finalist in the EMPEA Institute’s 2016 Sustainability & Operational Excellence Challenge for its active management of Umeme, Nigeria’s largest power distributor. Impact Highlights: Actis worked with Umeme to develop a network refurbishment plan, which included the installation of over 225,000 poles and the replacement… Read More
Growth markets investor Actis has sold its remaining 14.3 percent stake in Uganda Securities Exchange- and Nairobi Securities Exchange-listed power distribution company Umeme. Actis sold its shares via private placement to institutional investors, including Uganda-based private pension fund National Social Security Fund, which acquired a 7.5 percent stake and increased… Read More
American Capital Energy & Infrastructure (ACEI) has exited all of its energy investments, which comprise holdings in four companies: Nigeria-based Azura Power Holdings, Senegal-based Taiba Ndiaye Wind Project, Jamaica-based BMR Energy and Indonesia-based Ankora Hydro. Global growth markets investor Actis acquired ACEI’s stake in Azura, and Actis’s portfolio company Lekela… Read More
Adenia Partners, a private equity fund manager focused on growth capital investments and mid-cap buyouts in Sub-Saharan Africa, has reached a first close for Adenia Capital IV with EUR180 million (approximately US$199 million) in capital commitments. The fund, which is targeting EUR200 million (approximately US$221 million) in total commitments, will… Read More
Development finance-focused asset manager responsAbility Investments has led a US$1.5 million debt financing round for Ghana-based pay-as-you-go solar energy provider PEG Africa. Social investor Oikocredit and solar energy-focused crowdfunding platform SunFunder also participated in the round. The investment will be used to fund the purchase of solar home systems intended… Read More
Africa-focused health care impact investment firm Flint Atlantic Capital Partners and global health care venture capital firm Polaris Partners have invested in Rwanda-based dialysis and kidney care services provider Africa Healthcare Network. The company will use the funds for expansion in Rwanda and across the region. Financial details of the… Read More
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