Momentum Global Investment Management, in conjunction with sister company Eris Property Group, has successfully completed the second close of the Momentum Africa Real Estate Fund.
Apis Partners, a London-based private equity firm, has reached a first close of over $157m on its debut fund focused on financial technology startups in Africa and South Asia.
Convergence Partners Communications Infrastructure Fund (CPCIF) has made its first West African equity investment, acquiring $20m minority stake in Venture Garden Nigeria (VGN), a diversified fintech company with significant operations in Nigeria.
Investec Asset Management has made a follow-on private equity investment in IHS Towers, the largest African mobile telecommunications infrastructure provider.
Regional and Pan-African private equity firms continue to invest in North Africa despite the recent economic and political events that have occurred in the region, according to Ponmile Osibo, Research Analyst at African Private Equity and Venture Capital Association (AVCA).
East Africa is quite active and growing impact investment market, according to Abhilash Mudaliar, Research Manager at Global Impact Investing Network (GIIN).
The development of an Islamic finance industry in Africa could help plug the region's large infrastructure gaps over the coming decade, according to a new report by Standard & Poor's Ratings Services.
Investec Asset Management has recently invested in Intelligent Debt Management, South Africa’s leading and largest consumer debt management company, via its Africa Frontier Private Equity Fund.
KfW, the German Development Bank on behalf of the German Ministry of Economic Cooperation and Development, along with AgDevCo and Root Capital, have launched an investment holding company, the Lending for African Farming Company (LAFCo).
Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has invested in Cresta Paints, an auto-refinish and industrial coatings manufacturer and marketer in Africa.
Helios Investment Partners has acquired 100% ownership of Crown Agents’ financial services businesses, Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM).
Mediterrania Capital Partners, a private equity firm focusing on growth investments for SMEs, has reached a final close of Mediterrania Capital II at the planned target of €120m ($133.27m).
Convergence Partners, a specialist African investment management firm, has announced the successful final close of the Convergence Partners Communication Infrastructure Fund (CPCIF), reaching over $200m in capital commitments.
The AAF SME Fund, a private equity fund focused on African food production and processing, managed by Databank Agrifund Manager Limited (DAFML), has successfully closed its investment in Norish, one of the largest producers of fortified blended foods and animal feed in Ethiopia.
