Africa-focused infrastructure investment funds have set record fundraising targets in 2021, according to new analysis by global law firm Linklaters.
Metier Sustainable Capital, a private equity fund focused on clean infrastructure investments across Africa, managed by Metier, and FMO, the Dutch entrepreneurial development bank, have established and funded Africa REN Energy, a newly formed investment holding dedicated to support African infrastructure projects.
FONSIS, the Senegalese Sovereign Wealth Fund and KfW, the German Development Bank have launched Oyass Capital, an investment fund dedicated to investments in SMEs in Senegal.
Alterra Capital Partners, an Africa-focused private equity firm that spun out of Carlyle in 2020, has been joined by Bryce Fort and Paul Maasdorp, Partners at Emerging Capital Partners (ECP), to launch a new African investment vehicle.
Rwanda Finance (RF) and the East Africa Venture Capital Association (EAVCA) have partnered to enable private investment in Africa through their respective mandates.
On June 1, 2021, the Competition Commission had formally blocked the process of Pan-African PE firm Emerging Capital Partners (ECP) from purchasing fast-food chain Burger King South Africa and Grand Foods Meat Plant.
Transformation Investment Portfolio (TIP) One has partnered with SDG Global Group to set up funds for investing in Africa, and to raise funds from international investors for impact projects in Africa.
Starsight Energy, a technology-enabled African Commercial & Industrial (C&I) energy-as-a-service provider, has acquired a 50% stake in the East African operations of Premier Solar Group, a C&I solar company with a focus on Sub-Saharan Africa and South Asia.
MiDA Advisors, a global transaction and financial advisory firm, and SAVCA have launched the Women Empowerment Mentoring and Incubation Fund Manager Programme (WE>MI), to increase the number of investable women fund managers in Southern Africa.
As a result of the economic fallout precipitated by the Covid-19 crisis, the value of PE deals marginally declined to $3.3bn in 2020, from $3.8bn in 2019, according to the new AVCA report.
FSD Africa, a specialist development agency working to reduce poverty by strengthening financial markets across sub-Saharan Africa, has signed co-operation agreements with AVCA, EAVCA, SAVCA and PEVCA to coincide with the launch of the Africa Private Equity and Private Debt Programme.
Verod Capital Management has announced the completion of the merger between Tangerine Life Insurance, a Verod Capital partner company, and ARM Life.
The economic, social and commercial prospects for investing in the African technology sector looks promising, especially as the acceleration of technology adoption continues, according to Ian Lessem, Managing Partner at HAVAÍC.
In 2020, Africa recorded its highest level of project financing in a decade in terms of investment value with 28 deals, totalling $30.07bn, reaching financial close, according to Linklaters.
