20 Oct
News > Private Equity > Fundraising
Enko Capital, an Africa-focused alternative asset manager with $1.3bn in assets under management (AUM), has announced the first close of its impact focused private credit strategy, raising $100m toward its target of $150m at final close, with a hard cap of $200m.
13 Oct
News > Asset Servicing
Africa Merchant Capital Advisory (AMCA) has acted as financial adviser to the Lagata Group on its acquisition of majority stake, and investment into, Miro Forestry Developments, a sustainable forestry and plywood manufacturing business operating across Sierra Leone and Ghana.
13 Oct
News > Private Equity > Deals
Evolution III Fund, Inspired Evolution’s dedicated next-generation energy transition fund, has signed transaction agreements committing $20m to Cold Solutions East Africa Holdings Limited (CSEAHL), a temperature-controlled warehousing and logistics platform operating across Kenya, Uganda, Rwanda, and Tanzania.
8 Oct
News > Private Equity > Exits
Verod, a West African private equity firm, has announced its successful exit from pensions fund administrator, Tangerine APT Pensions, to Verod’s minority partner, APT Securities and Funds.
8 Oct
News > Investors
OeEB alongside Impact Fund Denmark has provided Robust International, a multinational agricultural commodities trader, with $25m in working capital.
8 Oct
News > Private Equity > Fundraising
Accion has announced the final close of a $61.6m fund that will invest in early-stage fintech companies meeting the needs of financially underserved people globally.
8 Oct
News > People Moves
Africa50, a pan-African infrastructure investor and multi-vehicle asset manager, has appointed Sérgio Pimenta as Chief Executive Officer of the Africa50 Infrastructure Acceleration Fund (IAF), marking a strategic move to scale private-sector investment, given the crucial role infrastructure plays in the continent’s development.
2 Oct
News > Asset Servicing
With the Exchange Traded Funds (ETFs) industry reaching record highs worldwide, Prescient Fund Services, a global full-suite fund services firm, has released a special ETF Evolution Report, offering an overview of the current state and future potential of the South African ETF market.
1 Oct
News > Asset Servicing
Apex Group, a global financial services provider, has launched WealthTech platform, an AI-powered platform designed to unlock access to private markets for retail investors.
29 Sep
News > Investors
Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, has successfully closed its largest-ever debt facility, a landmark $1.5bn syndicated loan.
29 Sep
News > Investors
Together with the Dutch development finance institution FMO, OeEB has invested €30m in the Hivos-Triodos Fonds.
29 Sep
News > Investors
The African Development Bank Group and Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies and Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), have formed a new partnership to mobilize private sector investment across the African continent into areas that will boost jobs and development.
18 Sep
News > Private Equity > Deals
Enabling Qapital, a Swiss-based impact asset manager, has invested $1.5m in Premier Credit Uganda, a subsidiary of The Platcorp Group, marking a major step on its mission to expand financial inclusion.
18 Sep
News > Investors
African Guarantee Fund (AGF) and Visa Foundation have signed a $2m grant agreement that will go towards bridging the financing gap for women-led and owned small and medium-sized enterprises (WSMEs) across Africa.
15 Sep
News > Private Equity > Deals
Kredete, a fintech company focused on helping African immigrants build credit and access financial services, has raised a $22m Series A funding round led by AfricInvest via their Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE) and Partech, with participation from Polymorphic Capital.
10 Sep
News > Funds > Launches
27four has launched LoanChomi, a national township-linked economy fund aligned with South Africa’s priorities for inclusive growth, job creation and broader economic participation.
2 Sep
News > Investors
British International Investment (BII), the UK’s development finance institution and impact investor, has announced a $7.5m debt investment in Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria.
22 Aug
News > Private Equity > Fundraising
FCMB Asset Management (FCMBAM) and TLG Capital have announced the full deployment of the oversubscribed ₦100 bn FCMB–TLG Private Debt Fund Series 1.
19 Aug
News > Private Equity > PE Industry News
African Infrastructure Investment Managers (AIIM), through its IDEAS Fund, and Motseng Investment Holdings, have announced the formation of Motseng Ideas Infrastructure Group (MIIG).
18 Aug
News > Private Equity > Fundraising
Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD), a fund managed by Africa50, has announced the first close at $118m, marking a major milestone in accelerating the delivery of green infrastructure across the continent.