Phatisa Food Fund II and a group of co-investors including DEG, Mbuyu Capital, and Norfund, have acquired Malawi-based agtech Farming and Engineering Services (FES). The consortium bought the FES stake originally held by Phatisa’s inaugural African Agriculture Fund. Read more… Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners has reached a EUR286m (approximately USD310m) final close for its third Africa fund. The vehicle targets SMEs in North, West, and Central Africa. Read more… Read More
German development finance institution DEG has agreed to invest up to USD10m in Kenya-based grocery retail distributor Naivas, along with co-investors Amethis Finance and IFC. Read more… Read More
German development finance institution DEG has provided financing to Kenya-based macadamia nut producer Limbua to support the expansion of its production. Read more… Read More
Alitheia IDF, a joint venture fund between Nigeria-based Alitheia Capital and South Africa-based IDF Capital, has reached a USD75m second close. The vehicle targets women-led SMEs in high growth sectors in Africa. Read more… Read More
Adjuvant Capital, a health-focused investment firm backed by IFC and the Bill & Melinda Gates Foundation, led a USD15m Series A for Nigeria-based genomics company 54gene, with participation from Raba Capital, V8 Capital, and Ingressive Capital, and follow-on investments from Y Combinator, Better Ventures, Fifty Years,… Read More
IFC has agreed to invest up to USD20m in SPE AIF I, a fund managed by Africa- and Middle East-focused private equity firm SPE Capital Partners. The fund targets investments in Egypt, Morocco, and Tunisia. Read more… Read More
Africa- and Middle East-focused private equity firm SPE Capital Partners has acquired Morocco-based antibiotics manufacturer and hospital provider Saham Pharma through SPE AIF I. Development finance institution Proparco joined as a minority investor. Read more… Read More
EM private credit funds raised USD8.1b in 2019, led by an increase in special situations fundraising EM private credit fund managers raised USD8.1 billion in 2019. As explored in EMPEA’s 2019 Private Credit Solutions report, investor interest in private credit opportunities has grown in recent years, which is particularly visible… Read More
Infrastructure funds raised USD5.2b in 2019, led by closes for Actis and NIIF funds EM-focused infrastructure fund managers raised USD5.2 billion in 2019, led by commitments to two landmark funds: the USD1.2 billion Actis Long Life Infrastructure Fund and National Infrastructure Investment Fund’s Master Fund, which reached a fourth close… Read More
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