10 Feb
News > Funds > Markets and Industry News
Mining in Africa has long been a cornerstone of economic development on the continent but discussions about the sector often focus on large-scale extraction.
10 Feb
News > Asset Servicing
Droit-Afrique, a legal publisher specializing in Francophone Africa, has entered into a strategic licensing and publishing partnership with Afriwise, a provider of digital legal intelligence solutions for Africa.
7 Feb
News > Private Equity > Exits
Amethis has announced its exit from the capital of Merec Industries to Invictus’ Investment.
6 Feb
News > Investors
Standard Chartered, an international cross-border bank, and GuarantCo, part of the Private Infrastructure Development Group (PIDG), have signed a $50m standby liquidity facility.
30 Jan
News > Private Equity > Deals
Verdant Capital Hybrid Fund has completed its fifth investment of $2m, structured as junior convertible debentures in UsPlus in South Africa.
29 Jan
News > Investors
Proparco has announced a €10m investment in the latest fund dedicated to small and medium-sized enterprises (SMEs) from AfricInvest, a long-standing partner and major player in impact investing in Africa.
27 Jan
News > Private Equity > Deals
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands), a company of Tech Mahindra group, a global provider of technology consulting and digital solutions to enterprises across industries, have signed a set of shareholder and technology collaboration agreements to formalise their joint investment in Furaha.
24 Jan
News > Investors
DEG has provided South African online insurance platform Naked Insurance with $4m in equity capital.
23 Jan
News > Private Equity > PE Industry News
The African tech sector attracted only 7% less capital than in 2023, demonstrating resilience and securing $3.2bn in funding (equity and debt combined), according to the annual Africa Tech Venture Capital report by Partech.
22 Jan
News > Private Equity > Deals
Adiwale Fund I has made a follow-on investment in Enko Education, a group of African international schools, to support its expansion across the continent.
15 Jan
News > Investors
Africa Finance Corporation (AFC), an infrastructure solutions provider, has successfully priced a $500m perpetual hybrid bond.
15 Jan
News > Private Equity > Deals
Futuregrowth Asset Management has announced a R150m investment into Sourcefin, a South African fintech and alternative funding provider dedicated to providing access to finance and specialist supply chain support for small and medium-sized enterprises (SMMEs).
15 Jan
News > Private Equity > Fundraising
The Grameen Crédit Agricole Foundation, Beyond Finance, and FosterImpact have collaboratively launched the Women Empowerment for Climate Fund, aiming to raise $100m.
15 Jan
News > Investors
The OPEC Fund for International Development has co-financed Africa’s largest onshore wind power project, contributing $30m to the construction of two 550 MW wind farms with a total capacity of a 1.1 GW in Egypt’s Gulf of Suez region.
14 Jan
News > Private Equity > Deals
Novastar Ventures has invested in Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide.
10 Jan
News > Investors
Norfund, the Norwegian development finance institution, has invested NOK 235m ($20.6m) in the Urban Resilience Fund (TURF), which focuses on sustainable urban infrastructure in rapidly growing cities.
8 Jan
News > Asset Servicing
Bowmans has welcomed most of the former members of A&O Shearman South Africa (AOS) to its Cape Town and Johannesburg offices.
6 Jan
News > Investors
FMO has agreed to invest in Camco REPP 2 SCSp, a newly created fund providing debt and hybrid instruments to renewable energy projects and companies in Sub-Saharan Africa, focusing on least developed countries (LDCs).
2 Jan
News > Investors
Côte d’Ivoire has joined the European Bank for Reconstruction and Development (EBRD), becoming its 76th shareholder.
26 Dec
News > Investors
ODDO BHF, a Franco-German financial group, has joined Proparco’s Trade Finance Guarantee Program as a confirming bank, strengthening its role in international trade finance, especially in Africa.