26 Mar
News > Private Equity > Deals
Metier, an independently owned private equity fund manager, has signed a Joint Development Agreement with Tembo Power for its Kaptis project, a 14.7 MW run of river hydropower project in Kenya, together with its partner WK Construction, a leading contractor in the field of hydropower in sub-Saharan Africa.
26 Mar
News > Private Equity > Fundraising
27four Black Business Growth Fund II (27four BBGF II), a blended finance partnership between the South African Government through the Jobs Fund, and South African institutional investors, has announced a second close with total capital of R710m.
19 Mar
News > Private Equity > Deals
Blue Haven Initiative, an innovative family office dedicated to putting wealth to work for competitive returns and positive social and environmental change, has led a Series A funding of $3.6m in Field Intelligence.
19 Mar
News > Private Equity > Deals
ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) has committed up to $16.5m to fund CrossBoundary Energy (CBE) to develop and finance new Commercial & Industrial (C&I) solar assets.
19 Mar
News > Private Equity > Fundraising
The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59m in committed equity capital and $36m debt facilities, to support innovative, off-grid energy access companies.
17 Mar
News > Private Equity > Deals
AfricInvest Financial Inclusion Vehicle (FIVE) has acquired a minority shareholding in I&M Bank (Rwanda) through AfricInvest Evergreen Investments, a special purpose vehicle formed by AfricInvest.
16 Mar
News > Private Equity > Deals
Prime Ventures, Partech Africa and management have acquired TerraPay for an undisclosed sum.
14 Mar
News > Private Equity > Deals
Orange Digital Ventures Africa (ODV) has led a $1.5m seed investment round in Youverify. a start-up, founded in Lagos, Nigeria which automates identity and background verification processes, primarily serving financial and telecommunication service providers.
14 Mar
News > Private Equity > Exits
One Thousand & One Voices (1K1V), a private family capital fund backed exclusively by industry-leading families, has announced a recapitalization of SanLei, its specialist aquaculture portfolio company headquartered in the Kingdom of Lesotho.
11 Mar
News > Private Equity > Deals
Actis has acquired a controlling stake in Nigeria’s independent, co-location business, Rack Centre.
11 Mar
News > Private Equity > Fundraising
Quona Capital, a venture firm focused on financial inclusion in emerging markets, has announced the final close of the Accion Quona Inclusion Fund with $203m in commitments, significantly exceeding its $150m target.
4 Mar
News > Private Equity > Deals
Goldman Sachs, Odey Asset Management, Leapfrog Investments and existing investors have provided $55m in debt and equity funding to JUMO, a technology company building next-generation financial services for emerging market entrepreneurs.
3 Mar
News > Private Equity > PE Industry News
The majority of investors (82%) surveyed by the African Private Equity and Venture Capital Association plan to increase or maintain their African private equity (PE) allocation over the next three years.
2 Mar
News > Private Equity > Deals
Verod Capital Management alongside Tangerine Life Insurance have acquired a majority stake in ARM Life Insurance.
