Adiwale Partners, a private equity firm focusing on growth capital investments for SMEs in French-speaking West Africa, has announced the first closing of its first fund, Adiwale Fund I, at €50m.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided €8m of mezzanine funding to Equity Invest S.A., the holding company for six Moroccan technology companies.
Goldman Sachs, with participation from existing investors including the IFC, TLcom Capital and Creadev, has invested $23.75m in a Series B equity round in Twiga Foods.
DOB Equity, a Dutch family-backed impact investor in East Africa, has invested in Moringa School, a technology learning accelerator in Kenya, to help it capitalize on the fast-growing demand for technical-skilled professionals.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has announced the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo Scan, Groupe Cofina and Aziza.
Goodwell Investments has agreed to invest $2m in fast growing on-demand delivery platform Sendy in East Africa.
Aruwa Capital Management has launched a $20m West-Africa focused Private Equity co-investment vehicle, which is focused on closing the gender equality gap, and has completed its first investment, in Wemy Industries, Nigeria’s first and only indigenous personal hygiene company.
The East African Venture Capital Association (EAVCA) in partnership with Financial Sector Deepening Africa (FSD Africa) and International Finance Corporation (IFC) have launched an investment guide to enable regional pension schemes to invest in Private Equity (PE) Funds.
The latest RisCura-SAVCA South African Private Equity Performance Report indicates that prospects for the local private equity industry are looking up, with the ten-, five-, and three-year ZAR internal rate of returns (IRRs) having improved from 13.2%*, 12.2%* and 7.0%* in Q4 2018 to 14.5%, 12.8% and 8.2% in Q1 2019, respectively.
The Emerging Africa Infrastructure Fund (EAIF) has completed its first project in affordable housing in Africa, by investing KES1.3bn ($12.7m) in a privately placed note issue in Kenya that raised a total of KES4.3bn.
Amethis has sold its minority stake in Compagnie de Distribution de Côte d'Ivoire (CDCI) to Groupe Retail Holding, a Moroccan group that holds several modern distribution franchises in Morocco.
The Southern African Private Equity and Venture Capital Association (SAVCA), in partnership with First National Bank (FNB) and the SA SME Fund as lead sponsors, has launched a Fund Manager Development Programme (FMDP) with the aim of increasing the number of female- and black-owned and managed fund managers.
African fundraising for the first half of 2019 reached $1.7bn in final closes and $0.9bn in interim closes, according to the African Private Equity Data Tracker, released by the the African Private Equity and Venture Capital Association (AVCA).
Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has completed a majority investment in Quick Mart.
