Development finance institution and project developer Africa Finance Corporation is leading a USD63m deal to construct and operate a 60MW wind project in Djibouti. Dutch development bank FMO, Great Horn Investment Holdings, and Climate Fund Managers are also participating. Read more… Read More
Africa-focused private equity firm Amethis Finance has acquired a 30% stake in Kenya-based grocery retail distributor Naivas via its Amethis Fund II. Read more… Read More
Malta. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces the appointment of Rajaa Berrkia as Director of Sustainability. … Read More
Africa-focused growth equity fund manager Mediterrania Capital Partners has appointed Rajaa Berrkia, formerly Operations Director, as Director of Sustainability. In her new role, Rajaa will be coordinating, implementing, and providing strategic supervision of Mediterrania Capital Partners’ impact investing process and research. Read more… Read More
The impact investment fund I&P Afrique Entrepreneurs, the Belgian Investment Company for Developing Countries (BIO), and ACEP-International have joined forces to create ACEP Group, a new microfinance group targeting African entrepreneurs. Read more… Read More
Goldman Sachs, Odey Asset Management, and LeapFrog Investments have invested USD55m in South African fintech startup Jumo. The company serves markets in Africa and Asia. Read more… Read More
Actis and Westmont Hospitality Group acquired the Sheraton Casablanca Hotel in Morocco. Actis and Westmont established a joint venture in 2018 and completed their first acquisition later that year. Read more… Read More
The European Bank for Reconstruction and Development (EBRD) has provided EUR15m (approximately USD16.2m) in financing to Varroc Lighting Systems Morocco to provide automotive industry training and employment opportunities for young people across the country. Read More
EXEO Capital’s Agri-Vie Fund I exited South African agribusiness InteliChem via a sale of its stake in the company to Masimong Group Holdings. Read more… Read More
Malta. Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that its portfolio companies managed by MC II and MC III funds achieved 25% EBITDA year-on-year growth up to the end of 2019, reaching over €1 billion… Read More
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