The Emerging Africa Infrastructure Fund (EAIF), managed by Ninety One, has invested USD30m in a UK-listed bond issued by HTA Group, a subsidiary of African telecom towers operator Helios Towers, a company backed by Helios Investment Partners. The issue received USD750m in total. Read more… Read More
Sanlam Investments has launched three impact funds, named the Investors’ Legacy range, and committed ZAR2.25b (approximately USD135m) of its own capital to the initiative. The funds aim to support the recovery of South African companies in response to COVID-19. Read more… Read More
Ethos Private Equity and Proparco have invested USD22m in Turaco, a holding company managed by 54 Capital PE Advisors, which holds a portfolio of fast-moving consumer goods assets in Ethiopia. Read more… Read More
Contributed by EMPEA Leadership Circle and Legal and Regulatory Council member, Debevoise & Plimpton… Read More
Africa Frontier Capital and d.light have established Brighter Life Kenya 1 (BLK1), a USD65m financing facility. BLK1 has been structured to provide d.light Kenya with local currency financing over a two year commitment period. Part of BLK1 is financed by a USD20m senior debt commitment from US International… Read More
Contributed by EMPEA Leadership Circle and Legal and Regulatory Council member, Debevoise & Plimpton… Read More
We write this article at a point where it is close to impossible to make any predictions about the real extent of the COVID-19 crisis and its actual impacts on the global economy. A few questions start to consistently pop up in the webinars, live events, and crisis committees’ discussion… Read More
The last two years have seen a significant increase in private equity and venture capital investment into fintech, as valuations and opportunities for returns grow. Emerging market fintech attracted a record USD18.4b in private equity-led investment in 2018, according to EMPEA data. 2019 saw another record toppled—this time, transaction volume—with… Read More
ARCH Emerging Market Partners has invested USD3m in South Africa-based solar startup Sun Exchange through its Africa Renewable Power Fund. The investment marks the close of the company’s Series A at USD4m. Read more… Read More
Ninety One, in partnership with Ethos Private Equity, has launched a ZAR10B (approximately USD600m) recovery fund aimed at mitigating the impact of COVID-19 on South African businesses. Read more… Read More
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