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.
California-based venture capital firm Andreessen Horowitz alongside seed investors Khosla Impact and Formation 8 have injected $9.6m in Kenya’s mobile-based financial services company Branch.
AfricInvest, a pan-African mid-cap-focused private equity firm, has announced that its Maghreb Private Equity Fund III has invested in Outsourcia Group, a Moroccan contact center and business process outsourcing (BPO) provider.
Investisseurs & Partenaires (I&P;) has launched Teranga Capital, an equity impact investment fund dedicated to promising small growing businesses and start-ups in Senegal, with financing needs comprised between 75,000 and 300,000 euros.
GroVest, a venture capital firm that invests in innovative technology companies, has raised R62m ($4.01m) in the first round of funding for its GroTech fund with a significant capital injection from Caleo Capital, a wealth and asset management business.
Synergy Capital Managers has announced an investment in Suburban Fiber Company, a next generation broadband company focused on delivering home content solutions to retail end customers in Abuja and Lagos.
AfricInvest Financial Sector Fund and Microcred Group have agreed to acquire a 100% ownership stake in MicroKing Finance (MicroKing), a provider of microfinance products and services in Zimbabwe.
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30% stake in Egypt-based port terminal operator Alexandria International Container Terminal (AICT) to global port investor Hutchison Port Holdings.
Equator Capital Partners, a Chicago based impact fund manager, has invested in Fortis Microfinance Bank, Nigeria, representing a substantial minority position in the Bank, via its managed fund, ShoreCap II Limited.
EchoVC Partners, a seed and early stage technology-focused venture capital fund, has announced an investment of up to $1m in Nigerian digital advertising startup S&T; Media.
Kuramo Capital has said it will acquire an undisclosed stake in TransCentury, an infrastructure company listed on the Nairobi Stock Exchange, for $20m.
Afinitas, an Africa focused investment company listed on the Botswana Stock Exchange, has approved $2.5m to establish an Ethiopia focused holding company and fund its investments.
The Abraaj Group has announced the formation of Themis Energy, a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space.
Agri-Vie, an African private equity firm focused on the food and agribusiness sector, and pan-African asset manager STANLIB, have launched EXEO Capital, a new private equity partnership, which will allow both parties the opportunity to expand their alternative investment offerings in Africa.
