STANLIB Asset Management has received authorization to acquire South African grain management business AFGRI Grain Silo Company from AFGRI Agri Services via two of its PE funds, namely Infrastructure Yield Fund and Infrastructure 2 Fund. Read more… Read More
Golden Square Equity Partners has entered into an agreement to acquire a 99.43% stake in gold mining company Casa Mining from London-listed ARC Minerals for USD50m. Golden Square will also assume the company’s debt of approximately USD2.3m. Read more… Read More
The Dutch Good Growth Fund (DGGF) has entered into a partnership with Azur Partners for the launch of the Azur Innovation Fund (AIF), to target innovative high-impact startups in Africa. DGGF provided a EUR7m (approximately USD7.5m) anchor investment in the fund, which… Read More
South African fund of funds 27four Investment Managers has reached a USD40m second close for its Black Business Growth Fund II with commitments from the Consolidated Retirement Fund for Local Government and the Rand Water Provident Fund, as well as further capital from the Jobs Fund. Read… Read More
Ninety One, formerly known as Investec Asset Management, has completed its demerger from Investec Group and is now dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange. Investec retains a 25% stake in the company. Read more… Read More
ARM-Harith Infrastructure Investment has appointed Tariye Gbadegesin to Managing Director and Chief Investment Officer. Read More
Metier has signed a joint development agreement with Tembo Power to develop Kaptis Project, a river hydropower project in Kenya. Read more… Read More
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Ninety One (formerly Investec Asset Management), has signed a Master Cooperation Agreement (MCA) with the International Finance Corporation (IFC). The MCA will come into operation… Read More
Pan-African private equity fund manager AfricInvest has acquired a minority stake in Rwanda’s I&M Bank through its AfricInvest Financial Inclusion Vehicle (FIVE). The fund invests in the financial services sector across Africa and is backed by African and international institutional investors including FMO, BIO, Norfund, KfW, AfDB, and… Read More
The African Development Bank’s Facility for Energy Inclusion fund has reached a USD160m first close. The African Development Bank provided USD90m, the European Commission and the German Development Bank KfW each committed USD25m, while Norfund invested USD23m. The fund, targeting USD400m, aims to improve energy access… Read More
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