Alternative Market News

May 9, 2018

Mapping a business into the African landscape

Doing business in Africa is one of the most inspiring. The competitive landscape is intense. Our concept of rational buyers...
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May 9, 2018

Swedfund participates in TLG Capital’s Credit Opportunities Fund

TLG Capital has secured additional funding for its Credit Opportunities Fund. The DFI known as Swedfund has agreed to invest...
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May 4, 2018

La Reina Egypt has raised $1m from venture capital investors

La Reina, an online fashion retail platform based in Egypt has found an investor who has agreed to invest $1m...
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May 4, 2018

DOB Equity acquires Sarura Commodities Rwanda

DOB Equity, a Dutch impact investor has acquired Sarura Commodities. Sarura Commodities is a grain trading company that links small...
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May 4, 2018

DataProphet finds a new investor for its expansion

Knife Capital has invested in Cape Town based machine learning startup DataProphet. DataProphet is a company with the ability to...
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April 30, 2018

Marriot is leading in Africa on hotel construction

Marriot International is leading in hotel construction in Africa based on a survey done by the W Hospitality Group. Marriot has a development...
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April 17, 2018

Interested investors: The Tunisian government is selling a bank and an insurance business

The Tunisian government is in the process of selling a 69.15% stake in Banque Zitouna which offers Islamic banking services...
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April 17, 2018

Proparco buys shares in JUMO for $3 million

Proparco has invested US$ 3 million in JUMO which is a technology start-up that offers unbanked or under-banked people access...
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April 17, 2018

Sahel Capital invests in Nigerian rice producer

Sahel Capital has used its agricultural fund to invest in Coscharis Farms Limited, a subsidiary of Coscharis Group based in...
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April 17, 2018

Simulation Engineering Technologies sells 70% stake to 4Sight Holdings

4Sight Holdings has agreed to acquire 70% of Simulation Engineering Technologies for R54 million. Simulation Engineering Technologies is an independent...
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April 17, 2018

Mozambican vegetable producer finds private equity investor

Mozambican vegetable producer known as Companhia do Vanduzi has secured a private equity investment from Takura Capital, a Zimbabwean based...
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April 11, 2018

Sagarmatha Technologies has a great concept. But why list on the JSE?

Sagarmatha Technologies has decided to list its portfolio of media and technology assets on the Johannesburg Stock Exchange (JSE). The...
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April 6, 2018

Terragon Nigeria will spend $5 million on technology expansion

Terragon has secured funding of $5 million from TLcom Capital and other investors which will be used to expand its...
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April 6, 2018

Former CEO of Dimension Data invests R10 million in Gather Online

Former Dimension Data CEO, Brett Dawson invested R10m in social discovery and messaging platform known as Gather Online. The social...
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March 20, 2018

Africa’s best renewable energy story: Morocco’s solar power project

Morocco will be home to the world’s largest solar power farm which will be as big as Paris (France) and...
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March 15, 2018

Do African medium-to-small businesses understand the public affairs of the country they operate?

It is a simple yet complex question. Does the mid-tier private sector know where government is actually spending money? Understanding...
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March 15, 2018

AgDevCo can provide equity/debt funding to farmers that need up to $5 million

Are you a farmer? Do you need funding? AgDevCo can invest between $1 million and $5 million of debt and...
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March 15, 2018

Kenyan A24Media creates a US$1 million fund for content providers in the region

A Kenyan content creator known as A24Media has created a $1 million investment media technology investment fund to support technology...
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March 9, 2018

Smart agriculture storage in Africa is still in work in progress

Food security in Africa has remained a key concern among policy-makers as the challenge of food shortages has become a...
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March 9, 2018

American Universal Music Group buys 70% of Kenyan AI Records

Universal Music Group has bought a 70% stake in a Kenyan record label known as AI Records. The deal gives...
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March 2, 2018

Why does regional integration fail in Africa?

Africa has the ability to do intra-trade from within but has never taken notice of this economic potential. What is...
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March 2, 2018

Ethos buys just over 30% of Echo to expand its IT investor reach

Ethos, a South African private equity investor has acquired just over 30% of Echo and this equity funding will be...
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February 23, 2018

Africa will lose from the 4th Industrial Revolution and may lose again in the 5th

Let us be realistic and set the scene straight. Africa is not ready for any industrial revolution that is digital...
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February 23, 2018

Phembani Group becomes the majority shareholder in Umcebo Mining

Phembani Group, based in South Africa has completed the acquisition of Moxitorque Investments (Pty Ltd which will result in the...
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February 23, 2018

Actis will sell its majority stake in Kenyan based Mentor Management

Actis has agreed to sell its 79.5% majority stake in Kenyan based Mentor Management Limited to Turner & Townsend which...
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February 23, 2018

Musoni Kenya secures $1 million in equity funding from Oikcredit

Musoni Kenya has received equity funding of $1 million from Oikcredit which joins other earlier funders such as KfW and...
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February 15, 2018

Mall for Africa is expanding its ecommerce retail market into the rest of Africa

Mall for Africa is expanding its reach beyond Nigeria, Ghana and Kenya to other countries which include Egypt, DRC, Senegal...
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February 15, 2018

Social investor AgDevCo has invested $2.5 million in Suma Hydro Tanzania

AgDevCo has invested $2.5 million in the Suma Hydro project which is a 1MW hydroelectric power plant in Tanzania’s Southern...
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February 15, 2018

African based tech-taxi company raises $2 million

Mondo, the Kenyan based tech taxi company has raised $2 million from investors mostly from Egypt and the United Arab...
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February 15, 2018

Amethis buys minority stake in Moroccan based Groupe Premium

Amethis has acquired a minority stake in Morocco’s industrial equipment distributor known as Groupe Premium which was founded as a...
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January 29, 2018

TPG buys majority stake in TRACE

Private equity firm TPG Growth has bought a majority stake in TRACE, an afro-urban music and entertainment business. TPG will...
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January 29, 2018

DEG has invested $4.9 million in M-BIRR Ethiopia

DEG, a German funder has invested $4.9 million in M-BIRR which is a cashless money transfer and payment service in...
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January 29, 2018

Kuramu buys minority a stake in Kenya’s Sterling Capital

New York-based equity fund Kuramo Capital has bought a minority stake in Kenyan investment bank Sterling Capital. Sterling Capital is...
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January 24, 2018

Zazu Zambia raised $218K via crowdfunding

Zazu was a company started to allow farmers to connect with new customers has turned to the digital banking space...
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January 24, 2018

Asticom Kenya receives a grant for its waste to energy power plant

Asticom Kenya, a waste recycling company has obtained a $995K grant from the Sustainable Energy Fund for Africa which is...
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January 24, 2018

Enko Education raises €1.5m from a Netherlands based lender

Enko Education has raised its first debt amount of €1.5m with Oikocredit, a cooperative and social investment company based in...
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January 24, 2018

Rwanda sees an 11% rise in coffee beans revenue for 2017

  Rwanda coffee export revenue was up by 11% to $59.8 million a massive $6 million as published by the...
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January 24, 2018

Global investor Partech Ventures has opened an African tech fund with $70 million already available

Partech Ventures has launched its Partech Africa fund, which has so far raised $70 million towards its target size of...
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December 13, 2017

Direct Pay Online has acquired SA based Setcom to expand its electronic funds transfers business

Direct Pay Online (DPO) has acquired South African electronic funds transfer company Setcom. Direct Pay Online provides a real time...
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December 13, 2017

Argentil Capital Partners acquires 49% of a restaurant in Nigeria

Argentil Capital Partners has acquired a 49% stake in Chocolate City Lounge, a Nigerian based Restaurant and Lounge Company. The...
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December 13, 2017

Mediterrania Capital Partners is ready to invest in Sub-Saharan Africa and North Africa

Mediterrania Capital Partners, the private equity firm focused on North African and Sub-Saharan countries now has funds available to invest...
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December 11, 2017

Are South African investors getting cold feet? What are they doing with over R1 trillion in cash?

The reality in South Africa is that about R1.3-trillion in cash is lying in the hands of the private sector...
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December 11, 2017

AfDB to provide $324 million in funding to the Côte d’Ivoire and Morocco renewable energy projects

The renewable energy sectors of Côte d’Ivoire and Morocco have secured $324m to develop their planned projects in hydro-power and...
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December 11, 2017

AgDevCo announces partners with Mozambican livestock company and Senegalese rice miller

AgDevCo’s Smallholder Development Unit has confirmed partnerships with a Mozambican livestock company MozAgri and Senegalese rice miller Société Sénégalaise des...
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November 27, 2017

South Africa is now a larger exporter to Kenya compared to the USA

Imports from South Africa to Kenya have increased this year overtaking the USA. South African export growth of 34% from...
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November 27, 2017

Investec sells Daraju Nigeria back to the parent company

Investec Asset Management Private Equity has sold its minority stake in Daraju, a manufacturer of personal household care products in...
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November 27, 2017

Phatisa fills part of a $10 million private equity fund through the AfDB

South African private equity firm Phatisa will receive a $10 million equity investment from the African Development Bank for the...
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November 27, 2017

Courier firm in Kenya to receive funding of $2 million from DOB Equity

Courier firm Sendy, which is an on-demand logistics company that operates on mobile phones has received $2 million in equity...
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November 13, 2017

Google Accelerator programme will look to Sub-Saharan Africa from Lagos office

The Google Accelerator programme for Sub-Saharan Africa will be operating from Lagos, Nigeria which is the first location outside the...
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November 13, 2017

The telecoms industry in Africa is saturated… We need new digital disruptors

As we all know, finding a large enough and profitable space in traditional telecoms is a very difficult exercise. Most...
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November 13, 2017

Tropigalia Mozambique has sold a minority stake to Tibo Capital

Kibo Capital has bought a minority stake in consumer product distributor Tropigalia, a FMCG company that distributes brands such as...
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November 13, 2017

Wazi Vision Uganda set to receive $800,000 from the German GreenTec Capital

Wazi Vision Uganda has managed to attract $800,000 from GreenTec Capital (a German fund) in assistance with funding technology upgrades...
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November 6, 2017

Can private equity be a strong partner in PPP transactions?

Let’s set the scene straight. Private equity companies are better at ensuring that companies function efficiently in order to generate...
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November 6, 2017

The Musa Group put R50 million in residential housing in the South of Johannesburg

The Musa Group has invested R50 million in a township called Lehae based in the South of Johannesburg which involves...
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November 6, 2017

Insuretech company receives R20 million in funding from Hollard and Yellowwoods

Naked, a new insuretech company has it has received R20 million in funding from the Hollard Insurance Group as well...
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October 26, 2017

GuarantCo and InfraCo launch first office in Nairobi Kenya

GuarantCo and InfraCo Africa have opened an office in Nairobi (Kenya) as a base for East and Southern Africa. Both...
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October 26, 2017

Gateway Delta based in Mauritius buys land for $3 million in Mombasa

Gateway Delta Development Holdings has decided to acquire land on Mombasa Road (Kenya) for $3 million. The piece of land...
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October 26, 2017

Oolu Senegal raises $3.2 million from Persistent Energy Capital and Y Combinator

Oolu, a Senegalese off-grid solar company raised $3.2 million through Persistent Energy Capital and other seed investors which include Y...
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October 20, 2017

AgDevCo invests $450,000 in Talian Uganda

AgDevCo, a social impact agribusiness investor will provide $450,000 in debt funding to Talian, which is a Ugandan milling business....
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October 20, 2017

Ethiopia will provide irrigation capability to its subsistence farmers

Ethiopia has decided to improve its local food security challenges by introducing irrigation capability to the local subsistence farmers. This...
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October 20, 2017

Zantel plans to roll-out undersea fibre-optic cables

Zantel, a Tanzania telecoms company has announced that it will roll-out undersea fibre-optic cables which will be used to connect...
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October 20, 2017

Musa Capital buys Swanib Cables Namibia

Musa Capital Namibia has acquired Swanib Cables, a distributor of electric, fibre-optic cables and transformers to the Namibian mining and...
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October 17, 2017

Andela gets its 3rd funding round with a $40 million paycheck

Andela, a company that recruits, trains and places software developers across sectors in Africa has secured funding of $40 million...
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October 5, 2017

$2.1 million in seed capital for Tizeti Nigeria

Tizeti Nigeria has raised $2.1 million in venture seed capital from international investors which comprise of Technology Investment, Social Capital,...
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October 5, 2017

Norfund provides $2.75 million loan to Nyama World Malawi

Nyama World Malawi secured $2.75 million in debt funding by Norfund, a Norway fund that is involved in development funding...
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September 29, 2017

Garanntor Hosting Nigeria buys Bytes Hosting

Garanntor Hosting acquired Bytes Hosting Nigeria on the 1st of September 2017. Bytes has 550 active hosting accounts as well...
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September 29, 2017

Kingchick Poultry Tanzania receives $255k in debt funding

AgDevCo, a social impact agribusiness investor provided $255,000 in debt investment into a Tanzanian poultry business, Kingchick Poultry. Kingchick Poultry...
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September 15, 2017

AgDevCo invests $1.5 million in Citrum Mozambique

Citrum, a citrus producer based in Mozambique has managed to secure funding of $1.5 million from an agribusiness investor known...
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September 15, 2017

iProcure Kenya receives $1 million equity funding from Safricom

Safricom has invested $1m in iProcure based in Kenya. iProcure is the largest agricultural inputs supply chain platform in Kenya,...
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September 4, 2017

Scrapped motor vehicle license fees increase petroleum demand in Tanzania

Tanzania’s decision to scrap motor vehicle license fees has resulted in a significant increase in the demand for petroleum. The...
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September 4, 2017

Spirit Capital sells Tidy Files for R75m to Metrofile

Spirit Capital has sold its majority stake in Tidy Files for R75m to Metrofile Holdings Ltd. The Competition Commission approval...
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September 4, 2017

Chinese investors will build a Special Economic Zone in Ethiopia

The Amhara Regional State Administration and Chinese investors have decided to build a Special Economic Zone (SEZ) in the area...
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August 25, 2017

African Rainbow Capital buys 20% of Rain South Africa

African Rainbow Capital has acquired 20% of Rain which is a fixed mobile data network provider. Rain is currently building...
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August 25, 2017

Engineers Without Borders invests $40k in M-Shule Kenya

Canadian seed-stage investor Engineers Without Borders has invested $40,000 in a Kenyan education based tech start-up M-Shule. The company was...
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August 17, 2017

Kalon Venture Capital and Smollan Group acquire 20% of SnapnSave for R7 million

Kalon Venture Capital and Smollan Group have acquired 20% of SnapnSave, the South African retail discount app company for an...
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July 31, 2017

Infinitus Holdings buys South African pet food maker, Promeal

Infinitus Holdings, a mid-market investment holding company has acquired Promeal which is South Africa’s second largest wet pet food manufacturer....
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July 31, 2017

TLcom Capital to raise $100 million TIDE Africa Fund

TLcom Capital is raising funds for the TIDE Africa Fund which is expected to have a total fund value of...
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July 31, 2017

Alibaba founder will invest $10 million in African online businesses

Jack Ma has announced at the Youth Connekt Africa Summit hosted by the Government of Rwanda in Kigali that he...
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July 20, 2017

Sanari Capital acquires 51% stake in Fernridge Solutions South Africa

Sanari Capital has acquired Fernridge Solutions, a geo spatial data and solutions provider that has a data reach to 140...
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July 20, 2017

New York’s Milost Global will spend $300m on developing the largest hospital in Ghana

A private equity firm known as Milost Global is providing funding to Eco Medical Village Ghana to develop West Africa’s...
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July 20, 2017

Brain Joffe’s Long4Life Ltd acquires Sorbet for R116m

Long4Life Ltd has acquired Sorbet for R116m in a cash deal that is expected to be completed towards the end...
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July 13, 2017

West African agri business group buys Babator Farming for $1.8m

RMG Concept a Ghana based company has bought 70% of private-equity backed Babator Farming Company for $1.8 million. Babator Farming...
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July 9, 2017

EXEO Capital exits its 7 year investment in Fairfield Dairy

EXEO Capital, has announced its exit from one of South Africa’s most respected value-added dairy companies known as Fairfield Dairy....
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July 9, 2017

Kibo Capital invests in Kenya’s plastic packaging industry

Kibo Capital Partners will invest in Blowplast Ltd a leading producer of plastics packaging solutions in Kenya for an undisclosed...
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July 3, 2017

Dutch family office invests $4 million in Africa Logistics Properties

Dutch family office DOB Equity has agreed to invest $4 million in Africa Logistics Properties which is a Kenyan developer...
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July 3, 2017

IFC provides $10 million debt funding to Fertiplant Kenya

Fertiplant, a Kenyan fertilizer granulation plant received a loan of $10 million from the IFC which was partly funded by...
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July 3, 2017

Rwanda, the African tiger in the making – a case of simple things being done right?

Rwanda has maintained its position as high growth country by doing the simple things that other African countries including those...
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June 30, 2017

TLcom Capital raises $40 million for the Sub-Saharan tech startup fund

London and Nairobi-based venture firm TLcom Capital has raised $40 million for its new Africa fund. The target is $100...
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June 30, 2017

Ghana based OMG Digital raises $1.1 million and opens space for the media industry

Ghanaian tech startup, OMG Digital has raised seed funding of $1.1 million from international investors. Investors in this funding round...
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June 30, 2017

LeapFrog buys Enterprise Group Ghana for $180 million

LeapFrog Investments is spending $180 million for a stake in Ghanaian financial services company, the Enterprise Group. The investment was...
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June 22, 2017

Sunbird Energy Holdings – is this a great investment opportunity?

Southern Africa focused gas explorer and developer, Sunbird Energy, which was developing the Ibhubesi ­natural gas project offshore of the...
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June 12, 2017

IFC agrees to participate in Mozambique’s first solar Independent Power Producer

Mozambique is preparing to develop its first solar photovoltaic (PV) power plant funded by a consortium of financiers. In a...
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June 12, 2017

South African based Multiply Group acquires a 35% stake in Crossfin Technology

Durban-based investment firm Multiply Group has acquired 35% of newly formed Crossfin Technology Holdings which is part of the Capital...
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June 9, 2017

Swiss Re spends €100m on Cote d’Ivoire based Manzi Finances

Swiss Re has spent €100 million (approximately $112 million) to acquire an undisclosed, minority stake in Manzi Finances, a financial...
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June 9, 2017

XSML Fund Manager invests in the Ugandan based KARE Distribution

XSML, the fund manager active in Central & East Africa announced its first investment in Ugandan based KARE Distribution (KARE),...
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June 9, 2017

Catalyst Principal Partners acquires minority interest in the Kenyan based Kensta Group

Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority stake in Kensta Group. The amount invested...
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June 9, 2017

AfricInvest Private Equity invests in the Ghana based International Community School

AfricInvest, a pan-African mid-cap-focused Private Equity firm has invested in International Community School Limited, a leading private K-12 school in...
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June 5, 2017

Metier Private Equity sells Inhep Electronics Holdings to Assa Abloy SA

Metier Private Equity has agreed to sell Inhep Electronics Holdings to Assa Abloy SA a company acquired the company in...
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May 24, 2017

Vostok New Ventures provides CarZar with $1.5m additional capital

CarZar the second-hand car online market place backed by Silvertree Capital has received an additional $1.5 million in expansion capital...
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May 24, 2017

Synergy Communications acquires Wananchi Group business services unit

Kenya’s Wananchi Group has agreed to sell its business services unit to Synergy Communications, a South African firm backed by...
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May 17, 2017

Moneyweb is offered R28 million by AME

Radio station owner African Media Entertainment (AME) has offered to acquire online financial news Moneyweb for R28m. AME owns Eastern...
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May 10, 2017

Frontier Digital Ventures invests $1.2million in Nigerian real estate portal

Frontier Digital Ventures based in Malaysia has invested U$1.2 million in ToLet.com.ng, a Nigerian real estate portal. The funds will...
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May 10, 2017

The Twinsaver Group expands its reach again

The Twinsaver Group has acquired Sylko, a supplier of disposable and recyclable household foils, paper and plastic tableware, food wraps...
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May 10, 2017

Actis acquires stake in Winthrop Pharma Senegal

Private equity firm Actis has acquired Winthrop Pharma Senegal from Sanofi through its portfolio company MédiS, a Tunisian pharmaceutical company....
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May 10, 2017

PG Impact invests $150,000 in Sunculture Kenya

PG Impact, an impact foundation founded by Partners Group employees has invested US$150,000 in Sunculture, a company which designs and...
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May 10, 2017

Oasis Capital invests in Everpure Holdings Ghana

Oasis Capital which is situated in Ghana and manages the Ebankese Venture Fund and the Oasis Africa VC Fund, has...
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May 8, 2017

Apollo Capital and IFC plan to raise $1 billion

Apollo Global Management and IFC plan to launch a $1bn debt platform targeting distressed loans in emerging markets in which...
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May 8, 2017

CDC and Aga Khan to raise $1 billion

CDC Group Plc and Aga Khan Fund for Economic Development launched a joint power platform that will expand power generation in...
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April 30, 2017

Sango Capital raises $145 million

Sango Capital has raised $145 million from a group of 26 Limited Partners. The largest investor was the European Investment...
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April 14, 2017

Norfund invests $7.4 million in Ethopian Verde Beef Processing

Norfund, a DFI from Norway has invest $7.4 million in a Verde Beef Processing based in Ethopia. The funding provided...
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April 14, 2017

Actis raises $2.75 billion energy fund

Actis has reached final close for its 4th energy fund which raised $2.75 billion. The private equity firm’s strategy is...
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April 14, 2017

Teraco raises R1.2 billion with Barclays Africa for CAPEX

Teraco Data Environments which was acquired by the European private equity firm Permira in late 2014 has raised R1.2 billion...
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April 14, 2017

Kleoss Capital buys Debt Rescue

Kleoss Capital has acquired a controlling stake in Debt Rescue one of South Africa’s largest debt counselling firms. The private...
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April 14, 2017

Oasis Capital is raising $50 million

Oasis Capital is looking to raise $50 million for investment in housing, healthcare, FMCG education and financial services. The private...
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April 14, 2017

Imara Trust buys Mauritius based FiducieForte

Imara Trust, the trust and corporate services subsidiary of Imara Holdings has taken over the Mauritius based FiducieForte Management Services...
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April 14, 2017

Ascent Capital invests in Kisumu Concrete

Ascent Capital which is based in East Africa is investing in Kisumu Concrete Products which is a Kenyan construction materials...
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April 14, 2017

Enko Capital is launches $200 million bond fund

Enko Capital is launching a $200 million bond fund. The fund will invest in Africa debt instruments denominated in both...
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March 27, 2017

Capitalworks buys Aon’s sub-Saharan businesses

Capitalworks, an Africa-focused private equity firm managing more that $515 million in assets, is acquiring insurance giant Aon’s shareholding.
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March 27, 2017

Medu Capital spends R74.25 million for 15% of Hero Telecoms

Medu Capital, the South African private equity firm, has acquired a 15% stake in Hero Telecoms for R74.25 million, (approximately...
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