The allocation by pension funds in Southern Africa to private equity remains limited, according to the findings of a recently released survey report by the Southern African Venture Capital and Private Equity Association (SAVCA).
Kibo Capital Partners, a manager of regional private equity funds, has invested an undisclosed amount in General Cargo Group, a provider of logistics services in Kenya.
PCM Capital Partners has invested €5m ($5.64m) in Surfline Communications, a provider of 4G LTE data and other related services to households, SMEs and corporate institutions in Ghana.
IFC Asset Management Company (AMC) and IFC, a member of the World Bank Group, have invested $107m in Net1 UEPS Technologies, an innovative payment solutions and transaction processing services in Sub-Saharan Africa.
New York based RueOne Investments has announced its plans to launch the first marketplace providing investors direct access to a curated selection of alternative assets that are sourced, structured, and managed by industry leading asset managers.
Business Partners Limited has launched Business Partners International (BPI) Uganda, a specialist risk finance company that provides customized financial solutions, sectoral knowledge, mentorship, and other added-value services for formal small and medium enterprises (SMEs) across Africa, and opened an office in Kampala, Uganda.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $20m (R294m) of funding to Landmark Africa, a property developer in Nigeria.
Mediterrania Capital Partners and the Capital Trust Group have acquired minority stakes in BS Invest in Tunisia, CAP Retail in Morocco, and Investex Algérie in Algeria.
Equator Capital Partners through its ShoreCap II Fund, and Progression Capital Africa via its Progression Eastern African Microfinance Equity Fund, have invested KES1.2bn ($11.87m) in Jamii Bora Bank, a commercial bank in Kenya.
Investors remain confident about the future of the hospitality industry in Africa, according to Trevor Ward, W Hospitality Group Managing Director.
Fusion Capital has successfully exited its residential development in Athi River, Machakos County, realizing 2x return for investors.
Orange, a telecommunication operator, has announced a €75m equity investment in Africa Internet Group, the largest e-commerce platform in Africa and parent company of Jumia.
Mediterrania Capital Partners, a private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, has acquired a 43% stake in Cieptal Cars, a car rental business in Algeria.
Purple Capital Partners, a Nigerian investment firm specialising in real estate and financial services, is planing to raise $50m in 2016 for two parallel funds focused on retail properties or mixed use properties involving retail, in the Lagos urban area.
