Africa-focused private equity fund managers Amethis and Kibo Capital Partners, along with development finance institution Proparco, have acquired a minority stake in Mozambique-based food products manufacturer Merec Industries. The company, which mills wheat and maize and produces various packaged foods, plans to use the funds to launch new products and… Read More
West Africa-focused private equity fund manager African Capital Alliance (ACA) has invested in Nigeria-based Daraju Industries through Capital Alliance Private Equity IV. The company, which produces personal care and household products, plans to use the funds to expand its product lines and boost capital expenditure. Financial details of the transaction… Read More
Africa-focused investment advisor Adansonia Corporate Finance has led a US$2.6 million investment in U.K.-based online sports betting company betPawa. The company operates primarily in Kenya, Uganda, Nigeria and Zambia and plans to expand its presence to Ghana. Several individual investors and family offices also participated in the round. Adansonia invested… Read More
Central and East Africa-focused impact investment fund manager XSML has invested in Uganda-based TMR International Hospital through the African Rivers Fund. Located in Kampala, TMR is a general hospital specializing in maternity, emergency and ear, nose and throat care. The company plans to use the new funding to expand into… Read More
Africa-focused mezzanine and private credit fund manager Vantage Capital has provided US$10 million in mezzanine funding to Cap Tamarin, a residential and commercial real estate project in Mauritius to be built by property development group Trimetys. Cap Tamarin, located in the coastal village of Tamarin, will comprise a 400,000-square meter… Read More
African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, has acquired a 50 percent stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company for airport assets in West and Central Africa. AIIM invested through its third pan-African fund, AIIF3, which targets investments in power,… Read More
Africa-focused alternative asset management firm Kuramo Capital has led a Series A funding round for Nigeria-based budget airline Green Africa Airways. Along with the new investment, the company has announced the appointment of an advisory board led by Tom Horton, the former CEO & Chairman of American Airlines. Green Africa… Read More
The year promises to be an active one for regulatory initiatives and the EMPEA Winter Bulletin focuses on positive as well as challenging developments including the impact of MiFID II in the UK on emerging market fund managers, recent shareholder and creditor pre-investment corporate restructuring limitations in Nigeria, the relaxation of licensing and registration for private, non-real estate investment funds and asset… Read More
Criterion Africa Partners, a Sub-Saharan Africa-focused private equity firm specializing in the forestry sector, has reached a first close for Africa Sustainable Forestry Fund II with US$81 million in capital commitments. Investors in the fund include impact investment advisor Obviam, the Grantham Foundation for the Protection of the Environment and… Read More
East Africa-focused venture capital fund manager Novastar Ventures has led a US$1 million Series A investment in Ethiopia-based specialty food supplier Perennial Foods Group. The Enterprise Development Programme, the impact investing arm of Oxfam Great Britain, also participated in the funding round. Perennial Foods sources organic foods from smallholder farmers… Read More
(default archive template)