The Emerging Africa Infrastructure Fund (EAIF) has signed a $27m loan to Kikagati Power Company Ltd (KPCL), which is building a 14MW run-of-the-river hydro electricity generating station at Kikagati on the Kagera River.
While private equity has historically been more prevalent in Africa than private credit, the latter encompasses a range of strategies that can provide attractive alternative financing options for African small and medium-sized enterprises (SMEs).
NBK Capital Partners has advised on the acquisition of 100% of King Integrated American School (KIAS), located in the fast-growing King Mariut area within Alexandria, Egypt.
Development Partners International has invested $35m in International Facilities Services (IFS), a facilities management specialist in Africa.
GreatPoint Ventures and Samsung NEXT have invested $12m in a Series A round in RapidDeploy, a South African provider of cloud-based software for public safety officials that reduces emergency response times and improve situational awareness.
CDG Capital Private Equity has invested in SCE Chemicals, a manufacturer of specialty chemicals, fertilizers and other chemical inputs for industrial clients in Morocco and abroad.
The International Fund for Agricultural Development has launched a €200m impact fund to scale agribusiness in developing countries.
Investisseurs & Partenaires, has announced the intermediate closing of its fund I&P Afrique Entrepreneurs 2 (IPAE 2), bringing the fund’s investment capacity to €75m.
Amethis has announced an intermediary closing of its second Pan-African fund, Amethis Fund II, with €305m in commitments, exceeding its initial target of €300m.
Partech has announced the final closing of its Partech Africa fund at €125m ($143m) more than double the size of its first closing a year ago at €57m ($70m).
Britam Asset Managers has invested Kes1.4bn in Everstrong Capital, a private equity firm that invests in energy assets in Africa, in a bid to diversify and grow its investment portfolio.
Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, has invested $22m in CHO Company, a fully-integrated global producer and exporter of organic and natural olive oil with headquarters based in Tunisia.
Berkshire Partners, a Boston-based investment firm, has agreed to acquire a majority stake in Teraco Data Environments, Africa’s provider of colocation datacentre infrastructure.
Agri-Vie Fund II, a private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has acquired a 36,5% stake in South African FMCG manufacturer, Jumbo Brands.
