A growing consumer middle-class, powered by rapid urbanisation and shifting demographic trends is driving both property demand and growth opportunities in the real estate industry across the African continent, according to Standard Bank.
A consortium of investors led by Amethis Finance have extended a convertible loan to Elephant Africa Holding, the holding entity of Bel Papyrus and Bel Impex, producers of tissue paper products in Nigeria.
Synergy Private Equity Fund (SPEF) has invested in Viathan Engineering, a developer of captive and embedded power solutions in Nigeria.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided R356m ($27.7m) of funding to over 30 Servest managers.
TriLinc Global Impact Fund has provided $16.6m in term loan and trade finance transactions to small and medium enterprises (SMEs) in South Africa, Zambia, Namibia, and Nigeria.
Investec Asset Management has announced the final close of the Investec Africa Credit Opportunities Fund 1 at $226.5m, below its initial target of $350m.
South Africa’s agriculture sector has emerged as a viable asset class amidst the low interest rate environment, according to Old Mutual Investment Group’s Director of Strategic Projects, Craig Chambers.
Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s platform provider specializing in point-of-sale integrated mobile transacting, for an undisclosed sum.
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.
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.
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.
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).
