As Environmental Social and Governance (ESG) factors gain prominence in the international investment community, sustainable investing has also improved in Africa, according to a new research.
Kibo Fund II, a $63m regional growth fund managed by Kibo Capital Partners, has invested in I&M Bank Rwanda, the oldest and one of the most profitable banks in Rwanda.
AfricInvest and Mediterrania Capital Partners have sold their stakes in Grupo San Jose & Lopez (SJL), a logistics and international road freight transport company with operations in the Maghreb and Europe.
Centum has sold its 26.43% stake in KWA Holding East Africa (KWA), one of the foremost manufacturers and distributors of spirits and wines in Kenya, to Distell International Holdings, a subsidiary of Distell Group.
The Momentum Africa Real Estate Fund (MAREF) has raised $170m at the final close, receiving commitments from a total of 18 investors including African pension funds, institutions and family offices.
African Rainbow Capital (ARC) has taken an initial 20% stake in A2X Markets, a new stock exchange in South Africa that is looking to compete directly with the JSE.
African Rainbow Capital (ARC) a diversified black-owned financial services company, has launched ARC Real Estate, a joint venture between African Rainbow Capital and the Buffet KLT consortium.
KNF Ventures, a SARS-approved section 12J venture capital company in South Africa, has invested in Quicket, an online ticketing services solution scale-up company.
Accion Venture Lab, Newid Capital and several angel investors have participated in a $1.25m seed funding round in Lidya, a fintech platform based in Nigeria.
The Kpone Independent Power Plant (KIPP), which is being developed by Cenpower Generation Company, is expected to be commissioned before the end of 2017, according to African Infrastructure Investment Managers (AIIM).
8 Miles, a pan-African private equity firm, has invested in Blue Skies, a UK-incorporated business with operations in several African countries that is the leader in the production of fresh-cut tropical fruit for European supermarkets.
Catalyst Principal Partners has completed a first close of its Catalyst Fund II at $103m, being in excess of the target fund size and over 80% of the final achieved hard-cap for its first fund, Catalyst Fund I.
Ascent Rift Valley Fund has invested an undisclosed amount in Kisumu Concrete Products (KCP), a leading construction materials manufacturer in Kenya.
Assala Energy, a portfolio company owned by global alternative asset manager The Carlyle Group, has acquired Shell’s onshore assets in Gabon for $587m.
