This issue of the EMPEA Legal and Regulatory Bulletin comes at a time when our industry and the markets where we invest are facing particular challenges due to the impact of the COVID-19 pandemic. EMPEA members, including members of the Legal and Regulatory Council, have provided some of their insights… Read More
International Finance Corporation has agreed to invest up to USD128.5m in African businesses, including a USD100m senior loan to Nigeria’s Zenith Bank; a USD11m senior loan to Tunisia’s date processor VACPA; a USD7.5m investment in Mozambique’s agribusiness Westfalia Fruto Mozambique; and a USD10m investment in Egypt’s electricity meter… Read More
South African asset manager Public Investment Corporation (PIC) has agreed to acquire South Africa-based agribusiness Alzu Agri on behalf of its client, the Government Employees Pension Fund of South Africa. The deal is subject to regulatory approval. Read more… Read More
International Finance Corporation 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
The Carlyle Group is spinning out its Africa-focused senior executive team to set up Alterra Partners, an independent buyout firm. Alterra will manage Carlyle’s USD698m Sub-Saharan Africa fund as a sub-advisor and will continue to invest with Carlyle’s international energy fund on the continent. Carlyle will hold no… Read More
CDC Group led a USD17m investment in Ghana-based prescription drug inventory management company mPharma, with participation from previous investors including former Novartis CEO Dr. Daniel Vasella, Silicon Valley investor Jim Breyer, and Italy-based family office Dompe Holdings. Read more… Read More
South African asset manager Public Investment Corporation (PIC) has acquired a 13% stake in Morocco-based real estate platform Aradei Capital on behalf of its client, the Government Employees Pension Fund of South Africa, for USD50m. The European Bank for Reconstruction and Development, Label’Vie, SANAM Holding, and Best Financière… Read More
UFF Agri Asset Management, a specialty advisor for agricultural investments in Africa backed by Old Mutual Investment Group, has invested in Malawi-based agribusiness and macadamia producer Jacoma Estates and its subsidiary Tropha Estates. CDC Group and AgDevCo are investors in the company. Read more… Read More
A consortium of investors led by Africa-focused growth equity fund manager Mediterrania Capital Partners has acquired Egypt-based diagnostics imaging company MetaMed from Middle East- and Africa-focused alternative investment firm Gulf Capital for over EUR100m (approximately USD109m). Mediterrania provided USD25m through Mediterrania Capital III, while the remaining USD75m were… Read More
Swedish development finance institution Swedfund has provided EUR5m (approximately USD5.5m) in financing to Platcorp, a financial institution providing credit to private individuals and SMEs in Kenya, Uganda, and Tanzania. Read more… Read More
(default archive template)