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).
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.
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).
The Carlyle Group, a global alternative asset manager with $193bn of assets under management, has announced plans to sell its current minority stake in Export Trading Group (ETG), an African agricultural commodities supply chain manager, to the company management team/founders.
BIMA, a provider of mobile-delivered insurance in emerging markets, has raised $38.4m from LeapFrog Investments, Investment AB Kinnevik and other existing shareholders.
Kagiso Tiso Holdings (KTH) has acquired a substantial equity stake in Me Cure Healthcare, Nigeria’s healthcare diagnostics company.
Emerging Capital Partners (ECP) has exited la Nouvelle Societé Interafricaine d’Assurance Participations SA (NSIA) through the sale of its 26.3% equity stake to the National Bank of Canada (National Bank) and Amethis Africa Finance (Amethis Finance).
Injaro Agricultural Capital Holdings, a $50m impact investment fund managed by Injaro Investments, has made an investment in Agricare, a Ghanaian-owned animal feed producer based in Kumasi.
Fanisi Capital has acquired a significant minority stake in Kijenge, a Tanzanian agro-processing company, for $6m.
