AfricInvest IV has reached a USD202m first close anchored by recent investments from CDC and Finnfund, who committed USD50m and USD20m, respectively. The fund, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read… Read More
Actis-backed pan-African education group Honoris United Universities has acquired Nigeria-based Nile University. This marks the group’s first investment in West Africa. Read more… Read More
The 16th annual edition of EMPEA’s Global Limited Partners Survey features the views of 109 limited partners (LPs) on the current conditions and outlook for private capital in emerging markets (EM). This study aims to shed light on how LP investment plans are evolving and what factors are affecting LP… Read More
International Finance Corporation, IFU, and Proparco have agreed to provide up to USD108.5m in equity financing to health care company Humania to help improve medical care in Morocco and Egypt. The package comprises USD45m from the IFC, USD43.5m from IFU on behalf of the Danish SDG Investment Fund,… Read More
CDC Group has made a USD100m commitment to Helios Investors IV, a pan-African fund managed by Helios Investment Partners. CDC has also closed a USD100m trade finance risk sharing facility with Société Générale. The facility will support Société Générale’s efforts to increase the limits that it currently provides… Read More
FMO has approved the commitment of USD10m to Eco.business II Sub-Fund, an open ended debt fund managed by Finance-In-Motion, which will invest in ecologically sustainable businesses with a special focus on fighting deforestation in sub-Saharan Africa. Read more… Read More
International Finance Corporation has agreed to provide a USD50m senior loan to Kenya-based financial services provider Equity Bank Kenya under its COVID-19 Emergency Response WCS Envelope. The loan will expand the Bank’s lending operations to MSMEs in Kenya. Read more… Read More
International Finance Corporation has agreed to invest up to USD25m in Lorax Fund II, a vehicle targeting USD250m and focused on mid-cap companies with growth potential primarily in Egypt. Read more… Read More
Proparco has agreed to invest up to USD30m in AfricInvest IV. The fund, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read more… Read More
Proparco and Société Générale have provided EUR30m (approximately USD34m) to Actis to support the development of Douala Grand Mall, an EDGE-certified shopping center in Cameroon, which will create over 4,500 jobs. Read more… Read More
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