Goodwell Investments, through its fund Goodwell MDC III, has invested in Innovative Microfinance, a microfinance institution operating in Northern Ghana.
Africa's financial environment is as competitive as other developing and high income regions in some countries, but access to finance remains a challenge, according to the Institute of Chartered Accountants in England and Wales (ICAEW).
Musa Capital Namibia, an affiliate of the South African-based company, Musa Group, has recently held the first close of its Namibia Mid-Cap Fund.
The Islamic Corporation for the Development of the Private Sector (ICD) and the Deposit and Consignments Fund (DCF) of Gabon have agreed to launch a private equity fund for SMEs in Gabon and Central Africa.
Actis Africa Real Estate Fund 3 (ARE3) is looking for investment opportunities across Africa including in Kenya and Mozambique, Africa Global Funds has learned.
AOG has transferred 75.1% ownership of Addax Bioenergy, its sugarcane bioethanol and renewable electricity operation in Makeni, Sierra Leone, to a group of investors led by Sunbird Bioenergy Africa (Sunbird Bioenergy group).
Mediterrania Capital Partners has acquired through its second fund, Mediterrania Capital II, a stake in Université Privée de Marrakech (UPM) to support its development plan.
Safaricom through its $1m Safaricom Spark Venture Fund has invested in Eneza Education, which provides mobile-based education tools for primary students.
Synergy Capital Managers through its Synergy Private Equity Fund (SPEF) has invested in Vester Oil Mill, a multiproduct company producing oilseed meals and oilseed crude oils in Ghana.
The Abraaj Group, an investor operating in global growth markets, has acquired a minority stake in Indorama Fertilizers, the largest urea fertilizer manufacturer in Nigeria, through its Funds.
Silvertree Internet Holdings, a South Africa based business incubator, has acquired a significant stake in CarZar, an online auto-trader in South Africa.
Catalyst Principal Partners, an East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories, one of the leading pharmaceutical manufacturers in Tanzania.
Of the total $1.1bn private equity fund closures in 2016 H1, 46% were dedicated exclusively to real estate opportunities in Africa, according to the inaugural 2016 H1 AVCA report.
The Green for Growth Fund (GGF) has announced a $20m senior loan to ALEXBANK, the fund’s first deal in both Egypt and the region following its recently approved expansion into North Africa and the Middle East.
