June 1, 2023
Vantage Capital exits its investment in Cap Tamarin (Mauritius)
Vantage Capital has exited its flagship investment in Cap Tamarin. Cap Tamarin is a Mauritius based real-estate, hospitality, education and...
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May 8, 2023
Vantage Capital to provide equity investment of €30-million to Promamec (Morocco)
Vantage Capital has agreed to invest €30-million to buy a significant minority stake in Promamec (Morocco) which will facilitate the...
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April 28, 2023
FarmTrace raises equity funding from Secha Capital and Hassium Capital
FarmTrace, a South African agri-tech company has raised equity funding from Secha Capital and Hassium Capital to grow its platform...
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March 27, 2023
Verod-Kepple Africa Ventures raises US$43-million African venture capital fund
Verod-Kepple Africa Ventures has raised US$43-million for its African based venture capital fund. The fund is expected to invest in...
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March 24, 2023
Prescient Investment Managers provides senior debt funding of R100-million (US$5.4-million) to Eagle Towers
Prescient Investment Managers has provided a R100-million (US$5.4-million) senior debt facility to Eagle Towers in order to support the company’s...
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March 6, 2023
Renew Capital invests in Teraki, an online audio platform based in Ethiopia
Renew Capital has invested in Teraki, an online audio platform based in Ethiopia. The platform offers audiobooks and podcasts in...
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March 6, 2023
Morocco based Koolskools raises US$960,000 from Azur Innovation Fund
Koolskools, a Morocco based education technology startup, has raised US$960,000 from Azur Innovation Fund through an equity investment. The startup...
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March 3, 2023
Indorama Corporation acquires 15% stake in Indorama Eleme Fertilisers and Chemicals (Nigeria)
Indorama Corporation, the Singapore based corporate, has acquired a 15% stake in the African based Indorama Eleme Fertilisers and Chemicals,...
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February 14, 2023
Chari.ma raises US$1-million from Orange Digital Ventures (Morocco)
Chari.ma (based in Morocco) has raised US$1-million from Orange Digital Ventures in a funding round expected to further expand the...
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February 8, 2023
BluePeak Private Capital invests US$20-million in Watu Africa
BluePeak Private Capital has invested US$20-million in Watu Africa to further assist with its expansion in the East African region....
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February 8, 2023
Flow Living raises US$4.5-million from investors led by Futuregrowth
Futuregrowth has invested US$4.5-million in a prop-tech startup platform Flow Living together with Kalon Ventures, Vunani Capital, Endeavour, CRE Venture...
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January 29, 2023
Eos Capital acquires Mushara Collection (Namibia)
Eos Capital, a Namibian based private equity firm, has acquired Mushara Collection, a private lodge company based in Namibia. Mushara...
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January 23, 2023
FMO provides €25-million limited partner investment to the Partech Africa Fund
The Netherlands based FMO has agreed to provide €25-million limited partner investment in the Partech Africa Fund (specifically Fund II)....
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January 18, 2023
Releaf raises US$3.3-million from investors led by Samurai Incubate Africa
Releaf, a Nigerian based agritech company has raised US$3.3-million from investors led by Samurai Incubate Africa. Releaf has proprietary hardware...
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January 9, 2023
Apex Group acquires Maitland to further expand its fund administration reach
The Apex Group has acquired Maitland to further grow its fund administration reach in several regions in Africa, the European...
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January 5, 2023
SPE Capital acquires Tunisia founded Vital
SPE Capital has acquired Vital, a Tunisian based nutritional supplement producer. Vital began operations in 2000 and has become a...
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December 6, 2022
4Di Capital reaches financial close on US$25-million fund
4Di Capital, a South African based venture capital firm, has reached financial close on a US$25-million seed fund from the IBL Group...
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November 21, 2022
Algebra Venture reaches financial close on US$100-million Egypt based fund
Algebra Ventures has reached financial close on its Egypt based US$100-million fund. The fund raising was supported by Limited Partners...
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November 21, 2022
FNB provides additional Limited Partner funding of R200-million (US$11-million) to Vumela Enterprise Development Fund
FNB has agreed to invest R200-million (US$11-million) in the Vumela Enterprise Development Fund. The funds under management will be deployed...
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November 4, 2022
Biometrics fintech iiDENTIFii raises US$15-million from investment round led by Arise
Biometrics fintech iiDENTIFii has raised US$15-million in an investment funding round led by Arise. Other participating investors were Sanari Capital...
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October 17, 2022
Serena Ventures participates in the Stears Business US$3.3-million funding round
Serena Ventures, the venture capital firm founded by legendary tennis star Serena Williams, has invested in Stears Business in a...
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October 10, 2022
Norsad Capital provides R100-million debt facility to RH Bophelo
Norsad Capital has provided a R100-million (US$5.4-million) debt funding instrument to RH Bophelo to assist with the group’s expansion of...
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October 5, 2022
Chari.ma (Morocco) raises US$1-million from Endeavor Catalyst
Chari.ma has raised US$1-million from Endeavor Catalyst, an investment fund that is part of the Endeavor network. Chari.ma provides e-commerce...
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October 5, 2022
BMCE Capital launches US$4.5-million fund (Morocco)
BMCE Capital, a Morocco based investment company, has raised US$4.5-million in a new venture capital (VC) fund that will invest...
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September 28, 2022
Nexford University raises US$8-million in funding round led by New Markets Venture Partners and Learn Capital
Nexford University, an online university platform, has raised US$8-million in a funding round led by New Markets Venture Partners and...
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September 26, 2022
M&A in healthcare – mPharma buys majority stake in HealthPlus (Nigeria)
The Ghana based mPharma as acquired a majority share in HealthPlus Nigeria. HealthPlus is Nigeria’s leading pharmacy chain and one...
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September 21, 2022
Koa Impact Ghana raises US$10.2-million from investors led by the Haltra Group
Koa Impact Ghana has raised US$10.2-million in a hybrid investment round led by the Haltra Group with participation by other...
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September 20, 2022
Turaco, the Kenya based Insurtech, has raised US$10-million in funding round
Turaco, the Kenya based insurtech, has raised US$10-million in a funding round led by AfricInvest. Other participating investors were Novastar...
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September 20, 2022
Sanari Capital reaches financial close for R475-million (US$25-million) private equity fund
Sanari Capital has reached financial close on its R475-million (US$25-million) private equity fund, which will be deployed towards South African...
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September 15, 2022
Morocco, host country of AFRICA PPP – The 13th edition of the event on 25- 27 October 2022
The 13th edition of Africa PPP will take place on 25 – 27 October 2022 in Marrakech, Morocco. We are very...
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September 14, 2022
Adevinta sells its majority stake in Gumtree to Impresa Capital
Adevinta has agreed to sell its majority stake in Gumtree South Africa to Impresa Capital. Gumtree SA was established in...
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September 12, 2022
Mergence Investment Managers buys majority stake in Live Easy
Mergence Investment Managers has acquired a controlling equity stake in Live Easy, which is a property platform for affordable rental...
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August 9, 2022
Tana Africa Capital secures US$22.5-million loan from The Standard Bank Group
Tana Africa Capital has secured a US$22.5-million term loan from The Standard Bank Group to fund its liquidity requirements to...
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July 20, 2022
IFC agrees to provide R325-million (US$20-million) loan to Alleyroads
The International Finance Corporation (IFC) has approved a R325-million (US$20-million) loan to Alleyroads, which is a South African developer of...
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July 20, 2022
CIEHC 2022 kicks off in November 2022 – Access key decision makers at Central Africa’s largest oil and gas conference and exhibition
The Ministry of Hydrocarbons of the Republic of Congo and AME Trade Ltd are proud to officially announce the 5th...
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July 7, 2022
Has the Pension Fund industry entered a new normal or returned back to basics?
PIAfrica2022 chose Mauritius again for this highlight conference. The occasion to unpack the current global and local context for the...
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June 29, 2022
Spear Capital buys out Associated Foods Zimbabwe shareholders
Spear Capital has bought out Associated Foods Zimbabwe in an investment that consists of capital expenditure and working capital. Associated...
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June 20, 2022
Africa Tech Festival, Home of AfricaCom – Back in Cape Town for 2022
The world’s largest Africa-focused technology and telecommunications event turns 25 this year and is set to return to Cape Town,...
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May 31, 2022
Antler East Africa Fund raises US$13.5-million in a new over-subscribed fund
Antler East Africa Fund, a new early-stage investor Antler has reached financial close on a US$13.5-million fund from investors such...
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May 31, 2022
AfricInvest reaches financial close on US$411-million Africa fund
AfricInvest has reached financial close on its US$411-million fund with commitments secured in the largest fund it has ever raised....
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May 24, 2022
Lona Group sells minority stake to Phatisa and a group of DFIs
Lona Group has sold a minority stake to Phatisa, a private equity investor, as well as a consortium of development...
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May 19, 2022
DRC based Jambo raises US$30-million from investors led by Paradigm
Jambo, a company based in the Democratic Republic of Congo (DRC), has secured US$30-million to build a web 3 education...
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May 12, 2022
Zambia based Union54 secures US$12-million equity funding for expansion
Zambia based fintech company, Union54, has secured US$12-million in equity funding led by Tiger Global for the expansion of its...
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May 9, 2022
HAVAÍC reaches financial close on US$20-million fund
South Africa based venture capital investor, HAVAÍC, has reached financial close on its flagship fund known as the HAVAÍC Universum...
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April 29, 2022
Trail, a private equity firm based in France enters strategic partnership with Birimian Ventures (Côte d’Ivoire)
Trail, a French private equity firm, has agreed to proceed a strategic partnership with Birimian Ventures in a fund which...
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April 29, 2022
Norfund provides US$8-million equity investment to Redsun Dried Fruits & Nuts (South Africa)
Norfund has provided an US$8-million equity investment to Redsun Dried Fruits & Nuts, a company that produces raisins and pecans...
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April 12, 2022
Kasada Capital Management acquires Cape Grace Hotel (South Africa)
Kasada Capital Management (“Kasada”) has acquired Cape Grace hotel which is based in Cape Town, South Africa. Cape Grace Hotel...
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April 12, 2022
M&A in education – Braeburn Schools acquires Hillcrest International School
Braeburn Schools Ltd has agreed to acquire Hillcrest International School, based in Kenya. Braeburn intends to continue operating the Hillcrest...
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April 12, 2022
Avanz Capital Egypt launches Avanz Manara for Private Equity (Egypt)
Avanz Capital Egypt has launched a fund that will be known as the Avanz Manara for Private Equity to support...
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April 4, 2022
Silvertree Holdings acquires South African meal kit delivery startup Ucook for R187-million (US$12-million)
Silvertree Holdings has acquired the remaining stake to reach a 100% stake in South African meal kit delivery startup Ucook...
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April 4, 2022
East Africa Com 2022 – Championing the power of East Africa’s tech ecosystems to build digital economies that work for all
East Africa Com returns as a free virtual event in 2022 – exploring the region’s biggest tech and telecoms trends...
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March 28, 2022
Big Cabal Media raises US$2.3-million from various investors
Big Cabal Media has raised US$2.3-million from investors led by Unicorn Capital Partners and Future Africa. Big Cabal Media is...
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March 28, 2022
8th Africa Petroleum Congress and Exhibition – Can African Oil Producers help the world end reliance on Russian Oil and Gas?
Unlocking Africa’s oil and gas potential is now imperative against the backdrop of the war in Ukraine and the resulting...
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March 10, 2022
OkHi raises US$1.5-million from investors led by Chapel Hill Denham
Kenyan based OkHi has raised US$1.5-million from equity funding led by Chapel Hill Denham. Other investors included the CEO of...
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March 2, 2022
Credrails (based in Kenya) raises US$2.5-million from Softbank
Credrails, a Kenyan based fintech startup, has raised US$2.5-million in venture capital funding from Softbank. Credrails is a fintech company...
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February 25, 2022
M&A in insurtech – Lami Technologies acquires Bluewave Insurance Agency
Lami Technologies has acquired Bluewave Insurance Agency to leverage off from synergies and expansion in Africa. Bluewave Insurance Agency is...
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February 25, 2022
CrowdForce raises US$3.6-million from investors led by Aruwa Capital Management
CrowdForce has raised US$3.6-million in an investment round led by Aruwa Capital Management with participation from HAVAIC and others. CrowdForce...
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February 17, 2022
M&A in fintech – Weaver Fintech acquires 85% of PayJustNow (South Africa)
Weaver Fintech has acquired an 85% stake in PayJustNow, which is a buy-now-pay-later finance company that is based in South...
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February 14, 2022
The Namibian based Eos Capital acquires minority stake in Cherry Irrigation
Eos Capital, the most prominent private equity firm in Namibia, has acquired a minority stake in the Namibia subsidiary of...
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February 14, 2022
FMO provides private credit funding of €5-million to Fin’Elle (Côte d’Ivoire)
FMO has agreed to provide private credit finance of €5-million to Fin'Elle, a subsidiary of the Cofina Group. Fin'Elle is...
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February 8, 2022
INMA Finance provides private debt of US$2.4-million to Enda Tamweel (Tunisia)
INMA Finance has provided private debt facilities of US$2.4-million to Enda Tamweel, a micro-finance company based in Tunisia. Enda Tamweel...
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February 3, 2022
Brimore raises US$25-million in funding round led by Endure Capital and IFC
Brimore, an Egyptian based startup, has raised US$25-million in a funding round led by Endure Capital and IFC to expand...
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January 31, 2022
SeamlessHR raises US$10-million equity from investors led by TLcom Capital
SeamlessHR has raised US$10-million in equity funding from investors led by TLcom Capital. The technology start-up company focuses on human...
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January 27, 2022
Orda Africa raises US$1.1-million equity funding by investors led by LofyInc Capital Management
Orda Africa, a Nigerian based restaurant software management startup, has raised US$1.1-million in equity funding from investors led by LoftyInc...
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January 25, 2022
Poa Internet raises equity of US$28-million from Africa50 and Novastar Ventures
Poa Internet has raised US$28-million from Africa50 and Novastar. Poa Internet is a Kenya based innovative community enterprise that provides...
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January 24, 2022
Chari.ma raises bridge funding led by Khwarizmi Ventures with participation of Plug & Play and other investors
Chari.ma has raised bridge funding led by venture capital fund Khwarizmi with the participation of various other investors that include...
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January 20, 2022
IFC considers a US$10-million equity investment in Fido Solutions
The International Finance Corporation (IFC) is considering a US$10-million equity investment in Fido Solutions, a fintech company that provides fast...
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January 18, 2022
Orcas (Egypt) raises US$2.1-million from investors led by NFX Ventures and Access Bridge Ventures
Egyptian based Orcas has raised US$2.1-million from investors led by NFX Ventures and Access Bridge Ventures. Orcas provides an edutech...
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January 13, 2022
Jabu (Namibia) raises US$3.2-million from investors led by Afore Capital
Jabu has raised US$3.2-million from investors led by Afore Capital with participation from other investors including Y Combinator, Pareto Capital,...
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January 11, 2022
Actis owned Honoris United Universities acquires Merit University (Egypt)
The Actis wholly-owned subsidiary known as Honoris United Universities, has acquired Merit University (based in Egypt). Merit University is a...
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January 7, 2022
mPharma raises US$35-million debt and equity from Citibank and equity investors
mPharma, a Pan-African healthcare company that operates in Ghana, Kenya, Nigeria, Zambia and Zimbabwe, has raised US$35-million in debt and...
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January 5, 2022
Kenya based Paylend raises US$2-million from Next Chymia Consulting HK Limited
Kenya based Paylend has raised US$2-million in expansion funding from Next Chymia Consulting to enter into countries such as Nigeria,...
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January 5, 2022
IFC proposes US$3-million limited partner investment in Microtraction
The IFC has proposed a limited partner investment of US$3-million to Microtraction, a venture capital firm based in Nigeria. Microtraction...
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December 19, 2021
M&A in services tech sector – SweepSouth acquires 100% of FilKhedma (Egypt)
SweepSouth has acquired 100% of FilKhedma, an Egyptian based online marketplace for home maintenance and improvement services such as plumbing,...
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December 19, 2021
INMA Holding invests US$1.7-million in ABK Group (Tunisia)
INMA Holding, a Tunisian based private equity firm, has invested US$1.7-million in ABK Group. ABK Group is the owner of...
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December 19, 2021
Zebu Investment Partners provides additional equity investment in Africa Merchant Capital Trade Finance
Zebu Investment Partners has provided additional equity investment in a buyout of Africa Merchant Capital Trade Finance from its founders....
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November 29, 2021
FMO intends to invest US$30-million in Convergence Partners
FMO has proposed a US$30-million limited partner investment in Convergence Partners which will provide growth funding to the mid-sized digital...
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November 29, 2021
M&A in edtech – Fundi acquires edtech startup EduOne (South Africa)
Fundi, an education finance and solutions company, has acquired EduOne. EduOne has a platform that provides various services such as...
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November 29, 2021
VoxCroft Analytics raises US$2-million from Knife Capital
VoxCroft Analytics, a tech company based in South Africa, has raised US$2-million from Knife Capital. VoxCroft Analytics is a South...
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November 24, 2021
Mozambique 6th Licensing Round Launch
The National Petroleum Institute (INP), representing the Ministry of Mineral Resources and Energy, is pleased to announce the launch of...
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November 24, 2021
Salpha Energy (Nigeria) raises US$1-million equity funding from All On
Salpha Energy has raised US$1-million in equity funding from the Shell funded impact investment firm known as All On. Salpha...
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November 21, 2021
Kippa (Nigeria) raises US$3.2-million from investors led by Target Global
Kippa, a Nigerian based business accounting startup, has raised US$3.2-million seed equity funding from investors by Target Global with participation...
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November 21, 2021
SA based Adbot raises R7-million (US$450,000) equity funding from Enygma Ventures
Adbot, a South African adtech startup, has raised R7-million (US$450,000) in equity funding from Enygma Ventures. Adbot provides online advertising...
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November 15, 2021
Appetito (Egypt) raises US$2-million from investors led by Jedar Capital
Appetito (Egypt) has raised US$2-million from investors led by Jedar Capital, a US-based venture capital firm and other participating investors...
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November 4, 2021
AfricInvest Private Credit makes US$50-million credit available for entrepreneurs in Africa
AfricInvest Private Credit has made available an amount of US$50-million for credit to entrepreneurs in Africa. The credit facility will...
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November 4, 2021
MFS Africa acquires Capricon Digital, owner of the Baxi brand
MFS Africa has acquired Capricon Digital which owns the Baxi brand that is based in Nigeria. Capricon Digital was established...
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November 3, 2021
Sakhumnotho Group Holdings acquires 26% stake in the Refinex and SA Tank Terminals
Sakhumnotho Group Holdings has acquired a 26% stake in the Refinex and SA Tank Terminals holding company. Refinex (formerly Energy...
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November 3, 2021
Digital Realty and Pembani Remgro Infrastructure Fund joint venture acquires Medallion Data Centres
The Digital Realty and Pembani Remgro Infrastructure Fund joint venture has acquired Medallion Data Centres, a co-location and interconnection provider...
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October 25, 2021
Asante Financial Services Group raises US$7.5-million from investors led by Goodwell Investments
Asante Financial Services Group (“Asante”) has raised US$7.5-million from investors led by Goodwell Investments. Asante is a credit provider to...
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October 20, 2021
M&A in startup logistics – Sendy acquires Côte d’Ivoire based Kamtar
Sendy, a Kenyan logistics startup, has invested in Kamtar, a Côte d'Ivoire based digital logistics startup. Kamtar provides the transportation...
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October 18, 2021
Sparkle raises US$3.1-million to expand its start-up digital banking operations
Sparkle, a Nigerian digital bank that provides financial, lifestyle and business support services has raised US$3.1-million in new equity funding...
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October 14, 2021
Summit Africa raises US$108-million from limited partners
Summit Africa has raised R1.6-billion (US$108-million) from limited partners to invest in private equity transactions in financial services, ICT, healthcare...
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October 4, 2021
Anava Seed Fund raises US$10-million after closing remaining amount with Sawari Ventures
Anava Seed Fund has raised US$10-million after closing with Sawari Ventures. The fund will provide early stage seed funding to...
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October 4, 2021
Development Partners International sells 31% of Food Concepts Plc to African Capital Alliance
Development Partners International has sold its 31% stake in Food Concepts Plc to African Capital Alliance. Food Concepts Plc was...
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September 28, 2021
Egyptian based Fawry acquires minority stake in Brimore
Egyptian based Fawry has acquired a minority stake in Brimore. Brimore is an Egyptian social commerce distribution platform that enables...
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September 25, 2021
HelloHR, a South African payroll software company, secures funding from Finclusion Group
HelloHR, a South African payroll software company, has raised equity funding from Finclusion Group. HelloHR provides cloud-based payroll solutions through...
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September 25, 2021
Joe Public acquires Festipart which previously traded as FCB Durban
Joe Public has acquired Festipart, which operated under the trademark name, FCB Durban. The company name will be changed to...
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September 22, 2021
Africa Finance Corporation creates AFC Capital Partners which will raise US$500-million
Africa Finance Corporation has created an independent asset management subsidiary called AFC Capital Partners to invest in African infrastructure that...
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September 14, 2021
Karooooo acquires a 70.1% stake in Picup Technologies for R70-million (US$4.9-million)
Karooooo, the Nasdaq-listed mobility software company, has acquired 70.1% stake in Picup Technologies for R70-million (US$4.9-million), a digital logistics startup...
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September 14, 2021
CDC Group provides limited partner commitment of US$60-million to African Private Credit Funds
The UK based CDC Group has provided limited partner capital commitment of US$60-million to African funds known as Vantage Capital...
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September 5, 2021
Quro Medical raises equity funding from Life Healthcare (South Africa)
Quro Medical has raised equity funding from Life Healthcare to expand its innovative digital healthcare solutions. Quro Medical is an...
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September 5, 2021
Chari.ma acquires Karny.ma to expand e-commerce and fintech in Morocco
Chari.ma has acquired Karny.ma, a Moroccan fintech app to enable mobile payment transactions for its customers. Chari.ma had raised funding...
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September 5, 2021
TotalEnergies takes leading position at Africa E&P Summit
Frontier and TotalEnergies are pleased to announce that TotalEnergies will take a leading position at the upcoming Africa E&P Summit...
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September 3, 2021
The Swiss Investment Fund for Emerging Markets invests US$10-million in the Africa based Metier Sustainable Capital International Fund
The Swiss Investment Fund for Emerging Markets has invested US$10-million in the Metier Sustainable Capital International Fund which will focus...
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August 27, 2021
Beyond Capital Fund provides US$12-million equity funding to Viebeg Technologies
Beyond Capital Fund has provided US$12-million in equity funding to Viebeg Technologies, a Rwandan based healthtech company that provides high-quality...
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August 24, 2021
Odiggo raises US$2.2-million in equity funding led by Y Combinators
Odiggo, an Egyptian based startup that digitally connects auto repair companies to vehicle owners, has raised US$2.2-million in equity funding...
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August 20, 2021
I-G3N raises US$1.3-million from Edge Growth and the ASISA ESD initiative
I-G3N, a South African energy startup that develops lithium-ion batteries, has raised US$1.3-million through equity participation from Edge Growth and...
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August 16, 2021
CapitalSage Technology raises US$4-million in a private company note issuance
CapitalSage Technology, a Nigerian fintech company, has raised US$4-million in a private company note issuance which will be used to...
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August 13, 2021
Kepple Africa Ventures has invested in 22 African companies in 2021
Kepple Africa Ventures, a Japanese venture capital firm, has invested in 22 African companies in 2021 after concluding its due...
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August 13, 2021
PharmaGo launches app that facilitates delivery of pharmacy medication (South Africa)
PharmaGo, a South Africa startup, has launched a mobile app that facilitates same-day and next-day deliveries of essential and over-the-counter...
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August 6, 2021
MFS Africa partners with Afrimoney in its entry into Sierra Leone
MFS Africa has partnered with Afrimoney to support its entry into Sierra Leone. The partnership will enable mobile money users...
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August 3, 2021
Rwanda Finance partners with East Africa Venture Capital Association (EAVCA)
Rwanda Finance has partnered with East Africa Venture Capital Association (EAVCA) to enable private investment in Africa. The partnership will...
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August 1, 2021
AgDevCo invests US$3-million in Quinta da Bela Vista Limitada (Mozambique)
AgDevCo has invested US$3-million in Quinta da Bela Vista Limitada (QBV), a Mozambican based 128-hecture irrigated banana estate. The company...
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July 30, 2021
Oasis Capital invests in Joyce Ababio College of Creative Design, a design university college in Ghana
Oasis Capital has invested in Joyce Ababio College of Creative Design through its Oasis Africa VC Fund. Joyce Ababio College...
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July 28, 2021
Investisseurs & Partenaires (I&P) leads US$7.9-million equity raise for Zeepay (Ghana)
Investisseurs & Partenaires (I&P) has led a US$7.9-million equity raise for Zeepay, a Ghana based fintech company. Zeepay is focused...
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July 27, 2021
Tana Africa buys minority stake in Africa Protein Holdings (Mauritius)
Tana Africa has acquired a minority equity stake in Africa Protein Holdings, a Mauritius based holding company that owns Quality...
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July 21, 2021
Birimian Holdings launches investment fund to invest in African brands for expansion regionally & internationally
Birimian Holdings has started an investment fund that is based in Abidjan (Côte d'Ivoire) which aims to support African fashion...
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July 19, 2021
US based Bevy acquires Egyptian based Eventtus
Bevy, a US events company, has acquired Egyptian based events company known as Eventtus. The startup is an all-in-one platform...
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July 17, 2021
AVCA partners with APO Group
African Private Equity and Venture Capital Association (AVCA), the pan-African industry body which promotes and enables private investment in Africa,...
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July 17, 2021
GetEquity raises equity funding from GreenHouse Capital
GetEquity, a Nigerian based venture capital funding platform that connects entrepreneurs and investors with options with respect to funding mechanisms,...
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July 12, 2021
AgDevCo provides Mezzanine debt funding to Victory Farms (Kenya)
AgDevCo has provided Mezzanine (“Mezz”) debt funding to Victory Farms, a fish farming company based in Kenya that is the...
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July 12, 2021
Vantage Capital reaches financial close on its US$207-million Africa Mezz Fund
Vantage Capital has reached financial close on the raise of a US$207-million Mezzanine (“Mezz”) Fund with participation from the Swiss...
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July 5, 2021
EXEO Capital sells 63% stake in Cape Olive Holdings (South Africa)
EXEO Capital has sold its 63% stake in Cape Olive Holdings. EXEO Capital is in the process of exiting investments...
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July 2, 2021
East Africa Venture Capital Association partners with Rwanda Finance
The East Africa Venture Capital Association has partnered with Rwanda Finance to enable venture capital and private equity investment to...
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June 28, 2021
Ed Partners Africa raises US$1.9-million to grow finance to private education (Kenya)
Ed Partners Africa has raised 205-milion Kenyan shillings (US$1.9-million) to expand its financing capabilities to private schools in Kenya. Ed...
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June 28, 2021
Harambee Youth Employment Accelerator acquires Giraffe (South Africa)
Harambee Youth Employment Accelerator has acquired Giraffe, a South African mobile employment platform. The Harambee Youth Employment Accelerator intends to...
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June 23, 2021
Botswana Public Officers Pension Fund appoints South African based NMG Benefits to administrate its fund
The Botswana Public Officers Pension Fund (“the Fund”) has appointed NMG Benefits, a South African based advisory company, to administrate...
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June 21, 2021
Ingressive Capital invests in Complete Farmer (Ghana)
Ingressive Capital has invested in Complete Farmer, an agritech platform that allows users to own shares in tech-enabled farms. The...
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June 17, 2021
Oasis Capital invests US$1-million in appsNmobile Solutions (Ghana)
Oasis Capital has invested US$1-million in appsNmobile Solutions, a software development and payment processing company that facilitates payments for businesses...
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June 14, 2021
One Thousand & One Voices and Crossfin Technology Holdings acquires Sybrin Group for R410-million
One Thousand & One Voices (1K1V) and Crossfin Technology Holdings have agreed to acquire Sybrin Group for R410-million (US$30-million). Sybrin...
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June 8, 2021
Africa E&P Summit and Exhibition prepares to convene industry leaders to address key pillars for progress on Africa’s energy future
Frontier is delighted to announce that the Africa E&P Summit and Exhibition 2021 taking place as a hybrid event on the 22nd and...
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June 7, 2021
Ata Capital acquires a 33.3% stake in Acrux Sorting Technology (South Africa)
Ata Capital has acquired a 33.3% stake in Acrux Sorting Technology (Pty) Ltd (“Acrux”) which was previously a wholly owned...
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June 7, 2021
Kasada Capital Management acquires significant stake in Safari Hotels and Conference Group for US$8-million (Namibia)
Kasada Capital Management (“Kasada”) has acquired a stake in Safari Hotels and Conference Group for US$8-million through its Kasada Hospitality...
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June 4, 2021
AfricInvest provides US$2.9-million debt funding to Vida e Caffe (Ghana)
AfricInvest has provided debt funding of US$2.9-million to Vida e Caffe (Ghana) which is a chain of coffee shops that...
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June 4, 2021
Vantage Capital provides US$23-million mezz debt to PickAlbatros
Vantage Capital has provided US$23-million mezzanine debt to PickAlbatros, a hotel holding company that manages 15 hotels in Egypt and...
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May 26, 2021
Adenia sells 100% of its stake in Ademat to SPE Capital
Adenia, a private markets investment firm in Africa, has sold 100% of its equity stake in Ademat to SPE Capital....
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May 26, 2021
Ethiopian based Gebeya raises US$2-million from Partech & Orange
Ethiopian based startup Gebeya has raised US$2-million from Partech and Orange Digital Ventures. Gebeya is an edutech company that has...
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May 18, 2021
The North West African’s leading mining event is back in Dakar on 2 – 4 November 2021
The 6th edition of SIM Senegal will take place on 02 – 04 November 2021 in Dakar, and is, once...
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May 17, 2021
Lami Technologies raises US$1.8-million from investors led by Accion Venture Lab
Lami Technologies, a startup insurance technology company that provides insurance products to the lower income group in Kenya, has raised...
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May 11, 2021
I&M Holdings buys 90% of Orient Bank (Uganda)
I&M Holdings has acquired a 90% stake in Orient Bank after obtaining the required regulatory approval in the East African...
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May 7, 2021
Paystack launches its fintech operations in South Africa
Paystack, a Nigerian based fintech payments platform, has launched its operations in South Africa. Paystack is a technology company solving...
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May 4, 2021
Payflex (South Africa) raises equity investment from Zip Co Ltd (Australia)
Payflex, a South African based fintech startup, has raised equity investment funding from Zip Co Ltd, an Australian based listed...
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May 4, 2021
Goodwell Investments launches US$60-million Africa fund to invest in African companies with great potential
Goodwell Investments, a Netherlands based investment fund, has launched a US$60-million Africa fund to invest in small and medium enterprises...
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May 4, 2021
Kashat (Egypt) raises funding from The Cairo Angels
Kashat, an Egyptian microloan fintech startup has raised equity funding from The Cairo Angels, which is an Egyptian based angel...
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April 28, 2021
Samurai Incubate Africa reaches financial close on its US$18.4-million fund
Samurai Incubate Africa, a Japanese based venture capital fund has reached financial close on its US$18.4-million fund. The funding raised...
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April 28, 2021
Zeepay (Ghana) acquires 51% of Mangwee (Zambia) to expand African fintech
Zeepay, a Ghana based fintech company has bought a 51% stake in Mangwee, a Zambian mobile money transfer startup. Mangwee...
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April 23, 2021
IFC invests US$10-million in Bridge Bank Group
The IFC is looking to support Bridge Bank Group (Cote d`Ivoire) with a trade finance line of US$10-million. The credit...
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April 23, 2021
KAS Africa attracts US$10-million equity investor capital from TRT Investments
KAS Africa, a leading contract manufacturer of personal, home, baby and oral care FMCG products, has raised equity investment of...
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April 19, 2021
CardinalStone Capital Advisers reaches financial close on its US$64-million West African fund
CardinalStone Capital Advisers, a Nigeria based private equity fund, has reached financial close on its US$64-million fund. The fund is...
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April 15, 2021
Numida (Uganda) secured US$2.3-million from equity investors led by MFS Africa
Numida, a Ugandan based fintech startup, has secured US$2.3-million from equity investors led by MFS Africa. Numida provides working capital...
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April 15, 2021
Announcing the Africa E&P Summit and Exhibition
April 2021, London, United Kingdom: Frontier is delighted to announce that the Africa E&P Summit 2021 will take place as...
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April 9, 2021
Paymob (Egypt) raises US$15-million from existing investors led by Global Ventures
Paymob has raised US$15-million from existing investors led by Global Ventures to expand its digital payments platform. Paymob is an...
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April 9, 2021
AgDevCo provides mezzanine finance of US$3-million to Uzima Chicken (Rwanda)
AgDevCo has provided mezzanine finance of US$3-million to Uzima Chicken, a poultry company that operates in Rwanda. Uzima Chicken is...
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April 8, 2021
Sawari Ventures raises US$28-million to invest in Egyptian private sector companies
Sawari Ventures has reached financial close for its Egyptian based fund of US$28-million which will be deployed towards the Egyptian...
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March 30, 2021
Tanda secures equity funding led by HAVAÍC, Zedcrest Ventures, DFS Lab and Victor Asemota (Kenya)
Tanda has secured funding from investors in a funding round led by HAVAÍC, Zedcrest Ventures, DFS Lab and Victor Asemota....
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March 29, 2021
Zambia International Mining & Energy Conference & Exhibition
The Zambia International Mining & Energy Conference & Exhibition, which has been for the last decade, Zambia’s leading mining and...
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March 24, 2021
FlexClub raises US$5-million form investors led by Kindred Ventures
FlexClub, a South African startup, has raised US$5-million in a funding round led by Kindred Ventures. FlexClub is a platform...
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March 24, 2021
Adumo raises US$15-million from the IFC
Adumo, a South African based fintech company has raised US$15-million from the IFC. Adumo is a smart payment solutions fintech...
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March 23, 2021
The 7th Mozambique Mining, Oil & Gas and Energy Conference and Exhibition
The 7th Mozambique Mining, Oil & Gas and Energy Conference and Exhibition is on the 21st – 22nd of April,...
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March 21, 2021
Kudabank raises US$25-million from investors led by Valor Ventures
Kudabank, a startup that operates a mobile first bank for consumers and small businesses in Nigeria, has raised US$25-million from...
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March 12, 2021
Master Drilling acquires 40% of AVA Solutions
Master Drilling has acquired a 40% stake in AVA Solutions which is a digital fleet management platform that tracks trucks...
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March 9, 2021
E squared Investments invests R9.2-million in WeThinkCode
E squared Investments has invested R9.2-million (US$590,000) in WeThinkCode, a software and coding academy that provides training to the youth...
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March 8, 2021
Mubawab (Morocco) raises funding of US$10-million from UAE investor
Mubawab, a Moroccan based real estate sales platform, has raised US$10-million from a United Arab Emirates (UAE) investor known as...
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March 8, 2021
Microtration invests in African fundraising platform, Raise
Microtraction has invested in Raise, a startup that helps companies manage fundraising processes and secure company data. Raise offers a...
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March 3, 2021
Powered by People raises US$1.5-million from investors (Kenya)
Powered by People (Kenya) has raised US$1.5-million in a funding round led by TBD Angels and DraftKings among others such...
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February 25, 2021
Hlayisani Capital raises R350-million (US$24-million) from limited partner investors
Hlayisani Capital, a private equity firm that is focused on investing in small and medium enterprises (SME), has raised R350-million...
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February 19, 2021
Apex Group acquires the Mauritius based GFin Corporate Services
Apex Group, a global financial services provider has acquired GFin Corporate Services, a Mauritius based licensed management company providing fund...
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February 17, 2021
IDF Capital invests R10-million (US$147K) in MortgageMarket fintech company
IDF Capital has invested R10-million (US$147K) in MortgageMarket.co.za which is a fintech company that provides an online platform that simplifies...
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February 15, 2021
The Pension Funds and Alternative Investments Africa Virtual Conference will be held in March 2021
Developed under the theme "The developmental impact of pension funds – allocating capital in a broad-based economy", the 2021 PIAfrica...
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February 12, 2021
Governments of Côte d’Ivoire and Luxembourg to invest €10 million in BLOC Smart Africa
The governments of Côte d'Ivoire and Luxembourg will invest €10 million into BLOC Smart Africa which is an African impact...
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February 10, 2021
The Egyptian based Sakneen raises US$1.1-million from investors led by Algebra Ventures
The Egyptian based Sakneen has raised US$1.1-million from investors led by Algebra Ventures with participating investors known as Sarwa Capital,...
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February 8, 2021
Spark Schools raises funding from Creadev, Finnfund and Imaginable Futures
Spark Schools has raised funding in new round for its next phase of growth and expansion of primary and secondary...
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February 2, 2021
Jua Kickstarter Fund has US$2-million to invest in African entrepreneurs
Jua Kickstarter Fund has increased its fund amount from US$1-million to US$2-million after the participation of SIMBA Global Startups, a...
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February 1, 2021
Mozambique’s longest lasting Mines, Energy, Oil and Gas event, will take place in April 2021 in a hybrid format.
The Joaquim Chissano Conference Centre will host the 7th edition of the biennial event on Mining, Oil, Gas and Energy...
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January 29, 2021
Cowrywise (wealthtech) raises US$3-million from investors led by Quona Capital
Cowrywise, a Nigerian wealthtech company has raised US$3-million from investors led by Quona Capital. CowryWise is a startup company which...
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January 28, 2021
FinDev Canada to invest US$12-million in Miro Forestry (Ghana)
FinDev Canada has agreed to invest US$12-million in Miro Forestry, a West African tree plantation company that is based in...
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January 27, 2021
MyBucks sells 45% stake in MyBucks Zambia for US$2.7-million
MyBucks S.A. has sold its 45% stake in MyBucks Zambia to Xtenda for US$2.7-million, subject to approval by the regulators...
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January 21, 2021
Opio based in Egypt raises US$300,000 from AUC Angels and others
The Egyptian based Opio, an online based consumer wear brand, has raised US$300,000 from a consortium of investors including AUC...
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January 21, 2021
North Africa and Mediterranean E&P Summit showcases future energy potential in the region
Frontier will host the North Africa and Mediterranean E&P Summit on the 28th of January 2021, with the support of sponsors ONHYM, TGS...
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January 8, 2021
African sectors & countries investors to consider in 2021
Investors looking to invest in Africa will find that there are less options in 2021. A sizable number of African...
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January 8, 2021
Egyptian based Cassbana raises US$1-million from investors led by Disruptech
Cassbana, an Egyptian based fintech startup that uses artificial intelligence to manage a behaviorual based credit scoring system, has raised...
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December 28, 2020
Enygma Ventures provides US$650,000 investor funding to Premier Credit
Premier Credit, an online micro-lending platform that operates in Kenya, South Africa, Tanzania, Uganda, Zambia and Zimbabwe has received a...
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December 18, 2020
CredPal raises US$1.5-million from Y Combinator and other VC firms
CredPal has raised US$1.5-million from a large consortium of venture capital (VC) investors which included Y Combinator, GreenHouse Capital and...
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December 17, 2020
IFC provides US$10-million credit line facility to I&M Bank
The International Finance Corporation (IFC) has provided a US$10-million loan facility to I&M Bank (Rwanda), which must be used to...
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December 15, 2020
ILARA Health raises US$3.75-million from a consortium of investors led by TLcom Capital
ILARA Health, a Kenyan healthcare startup that provides point of care diagnostic testing to small primary care clinics, has raised...
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December 11, 2020
TLG Capital exits its successful investment in BAJ Stations Uganda
TLG Capital has exited its investment in BAJ Stations Uganda at above 30% internal rate of return after it initially...
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December 8, 2020
Inside Capital invests US$3.1-million in WeCycle (Mauritius)
Inside Capital has invested US$3.1-million in a Mauritius based recyclable waste collector, WeCycle. The company collects paper and cardboard waste...
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December 8, 2020
Edge Growth invests in Letsema Consulting and Advisory
Edge Growth has invested in Letsema Consulting and Advisory (“Letsema”) through a fund it manages known as the Vumela ESD...
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December 3, 2020
Zebu Investment Partners provides blended equity funding to Africa Merchant Capital Trade Finance
Zebu Investment Partners has secured funding for Africa Merchant Capital Trade Finance. Africa Merchant Capital Trade Finance provides secured and...
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November 24, 2020
Accelerex raises US$20-million from African Capital Alliance
Accelerex, a Mauritius headquartered payment terminal service provider to banks and merchants in Nigeria, has raised US$20-million from African Capital...
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November 24, 2020
Cote d’Ivoire based impact investor exits its investment in Vallesse Editions
Comoé Capital has exited its investment in Vallesse Editions, a publishing company that is based in Cote d’Ivoire. Vallesse Editions...
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November 13, 2020
Energy 2050 Summit looks out beyond COVID by Nick Cottam
When John Selwyn Gummer was Secretary of State for Environment in the 1990s he told an audience not to cheat...
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November 11, 2020
Kudabank raises US$10-million from a consortium of investors led by Target Global
Kudabank, a startup that operates a mobile first bank for consumers and small businesses, has raised US$10-million from a consortium...
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November 9, 2020
CARMA raises equity funding from Microtraction
CARMA, a Nigerian based startup that provides credit assessment data to financial institutions has raised equity funding from Microtraction in...
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November 5, 2020
Wee Media raises US$400,000 from Japanese, Hong Kong and USA investors
Wee Media, an African media company has raised US$400,000 in a funding round from Samurai Incubate Africa (based in Japan),...
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November 2, 2020
iHub acquires eLimu to support its Africa expansion in eLearning
iHub has acquired eLimu, a Kenyan eLearning platform and content provider that has seen significant growth during the Covid-19 pandemic....
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November 2, 2020
Brantu raises equity funding from Sawari Ventures
Brantu, an e-commerce platform based in Cairo, Egypt has raised equity funding from Sawari Ventures. The company was established in...
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October 28, 2020
ILARA Health receives US$1.1-million grant from the Bill & Melinda Gates Foundation
ILARA Health, a Kenyan healthcare startup that provides point of care diagnostic testing to small primary care clinics, has received...
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October 28, 2020
The President of the Republic of Senegal confirms attendance to SIM Senegal Virtual Mining Summit
The SIM Senegal Virtual Mining Summit is under the high patronage of Macky Sall, President of the Republic of Senegal,...
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October 26, 2020
The Hassan Allam Holding and Almar Water Solutions joint venture acquires Ridgewood Egypt
The joint venture between Hassan Allam Holding and Almar Water Solutions has acquired Ridgewood Egypt. Ridgewood Egypt is a water...
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October 25, 2020
Directors who fail to sell the long-term to investors have weak business models
Directors presiding over alternative funds that have not been performing for long periods typically claim that the challenge at their...
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October 20, 2020
Helios Investment Partners launches Africa Specialty Risk Group
Helios Investment Partners (“Helios”) has launched an African reinsurance company called Africa Specialty Risk Group. The company will be managed...
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October 15, 2020
Crossfin Ventures exits its 12-year investment in wiGroup
Crossfin Ventures (“Crossfin”) has exited its investment in wiGroup, a South African based mobile rewards software company that has merged...
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October 15, 2020
Family Bank agrees to provide up to Sh3-million (US$28K) credit facilities to Kenyan private schools
Family Bank has agreed to provide credit facilities of up to Sh3-million (Sh=Kenyan Shillings) to private schools in order to...
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October 12, 2020
Africa PPP, the infrastructure investment partnerships conference to be held in 2020
The 12th edition of Africa PPP infrastructure investment partnerships conference is back in 2020 but this year will be online...
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October 12, 2020
Vantage Capital invests US$28-million in Cliniques Internationales du Maroc Group
Vantage Capital has invested US$28-million for a minority stake in Cliniques Internationales du Maroc Group, a rapidly growing healthcare company...
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October 9, 2020
SIM Senegal Virtual Mining Summit will be held on the 3rd and 4th of November 2020.
In the continued efforts to showcase Senegal's mining sector, and leading up to the SIM Senegal International Mining Conference &...
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October 7, 2020
Spear Capital invests in Arkay Plastics
Spear Capital has agreed to invest equity in a plastic manufacturer known as Arkay Plastics, based in Zambia, Malawi and...
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September 29, 2020
La Reina raises equity funding led by Algebra Ventures and 500 Startups
La Reina, an Egyptian based startup has raised equity funding from Algebra and 500 Startups and other angel...
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September 28, 2020
OkHi has raised US$1.78-million from the London based Angel Investment Network
Kenyan based OkHi has raised US$1.78-million from the London based Angel Investment Network. OkHi is a digital addressing system for...
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September 21, 2020
Platform Capital provides equity funding to Big Cabal Media
Platform Capital has invested in Big Cabal Media, which is an African digital media publisher based in Nigeria. The company...
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September 17, 2020
Egyptian healthtech company, Rology, raises US$860,000 in funding led by HIMangel
Rology, the Egyptian based healthtech company has raised $860,000 in equity funding from investors led by HIMangel joined by Dubai...
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September 14, 2020
The Swedfund, IFC, FMO and the Belgian Investment Company invest US$10-million in the African Rivers Fund
The Swedfund, IFC, FMO and the Belgian Investment Company will invest US$10-million in African Rivers Fund. The limited partner amount...
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September 14, 2020
Solarise Africa raises US$10-million from Energy Access Ventures, ElectriFI and Proparco
Solarise Africa has raised US$10-million from its existing investors known as Energy Access Ventures, ElectriFI and Proparco. Solarise Africa is...
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September 8, 2020
Actis invests in the Nile University of Nigeria through Honoris United Universities
Actis has invested in the Nile University of Nigeria through its subsidiary known as Honoris United Universities. The Nile University...
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September 7, 2020
CDC invests US$12-million in Miro Forestry based in Ghana and Sierra Leone
CDC Group has invested US$12-million in Miro Forestry, a sustainable forestry and timber business with plantations in Ghana and Sierra...
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September 7, 2020
Africa E&P Virtual Summit Bulletin
The Africa E&P Virtual Summit is taking shape and announces that since the last pre-event bulletin, Standard Bank, DMT and...
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September 2, 2020
Paymob raises US$3.5-million from Global Ventures and FMO
Paymob has raised US$3.5-million form Global Ventures and the Dutch Development Bank known as FMO, to expand its network of...
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August 31, 2020
Enygma Ventures invests R4.2-million in JobCrystal
Enygma Ventures has invested R4.2-million (US$246k) in JobCrystal, a female led tech-enabled recruitment company. The company was established in 2009...
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August 27, 2020
LightWare LiDAR raises US$1.5-million (R26-million) from Sanari Capital
LightWare LiDAR, a South African producer of machine sensor technology has raised US$1.5-million (R26-million) from Sanari Capital. LightWare was established...
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August 20, 2020
Africa Foresight Group raises US$700,000 from venture capital investors
Africa Foresight Group has raised US$700,000 from investors led by Consonance Investment Managers. Africa Foresight Group was founded in 2016...
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August 17, 2020
The IFC provides US$5.2-million loan to Nyaho Medical Centre
The IFC has provided a US$5.2-million loan to Nyaho Medical Centre, Ghana based health care provider that operates hospitals. The...
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August 17, 2020
WorkPay has raised US$2.1-million from investors led by Kepple Africa Ventures
WorkPay has raised US$2.1-million from a consortium of investors led by Kepple Africa Ventures. WorkPay is a Kenyan cloud-based human...
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August 14, 2020
Verod Capital acquires 100% of AXA Mansard Pensions
Verod Capital has acquired 100% of AXA Mansard Pensions, a Nigeria licensed pension fund administrator that provides pension fund administration...
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August 7, 2020
AG Rhino Advisors invests in mobile advertising startup, Admoni
AG Rhino Advisors has invested in Admoni in a funding round expected to further expand and position the company for...
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August 7, 2020
AfricaCom and AfricaTech will be hosted virtually in 2020
PEafrinsights has agreed to partner with AfricaCom and AfricaTech which will be hosted virtually in 2020. Running from 9 -13...
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August 3, 2020
Leapfrog Investments to buy 24.1% stake in ICEA Lion Insurance Holdings for US$22m
Leapfrog Investments has agreed to acquire 24.1% of ICEA Lion Insurance Holdings for Sh2.4-billion (US$22-million), which is a company that...
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August 3, 2020
RMB Corvest and former SABMiller MD buy equity stake in Switch
RMB Corvest, in collaboration with former MD of SABMillier Africa (Mark Bowman), acquired an equity stake in Switch, an energy...
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July 28, 2020
Merchant Capital shows real impact through funding over 7,000 businesses in South Africa
Merchant Capital, a South African fintech company has provided over R1.5-billion (US$90- million) in funding over 7,000 businesses since its...
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July 28, 2020
AfricInvest secures LP funding commitment of US$30-million from the U.S. International Development Finance Corporation
AfricInvest has raised limited partner (LP) funding commitment of US$30-million from the U.S. International Development Finance Corporation. The funding will...
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July 23, 2020
Vantage Capital invests R82-million (US$5-million) in Alleyroads Group
Vantage Capital has provided R82-million (US$5-million) of mezzanine debt funding for the development of the Alleyroads Group housing development of...
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July 22, 2020
The Rai family business significantly grows sugar market share through the West Kenya Sugar Company
The Rai family has significantly improved its market share in the Kenyan sugar sector in 2020. The family which owns...
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July 20, 2020
Proparco and Ethos invest US$22-million in Turaco
Proparco and Ethos have agreed to invest US$22-million in Turaco, a holding company that has a portfolio of FMCG companies....
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July 20, 2020
MUA Ltd acquires Kenyan based Saham Assurance for US$11.4-million
MUA Ltd, a Mauritius based insurance company has acquired Kenyan based Saham Assurance for US$11.4-million after approvals from the Kenyan...
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July 17, 2020
Enygma Ventures invests US$1-million in Lupiya (Zambia)
Enygma Ventures has invested US$1-million in Lupiya, a Zambian based micro-finance startup company. This investment will enable the company to...
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July 16, 2020
TradeDepot raises US$10-million from Partech, IFC, WeFi and MSA Capital
TradeDepot has raised US$10-million in equity from a consortium of investors which comprise of Partech, IFC, Women Entrepreneurs Finance Initiative...
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July 14, 2020
Actis exits majority stake in GHL Bank (Ghana)
Actis, a large emerging market private equity investor, has agreed to exit its majority stake in GHL Bank to the...
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July 12, 2020
Rwanda signs agreements to implement the Kigali International Financial Centre
CDC Group, the UK development finance institution, has signed a partnership agreement with Rwanda for the creation of a new...
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July 12, 2020
African Infrastructure Investment Managers exits significant stakes in Cookhouse and REISA
African Infrastructure Investment Managers, one of largest infrastructure alternative investors in Africa has exited its 14% stake in Cookhouse and...
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July 9, 2020
Join the discussions at the Africa E&P Virtual Summit
Frontier is pleased to announce that the Africa E&P Virtual Summit will take place on the 16 - 17 September...
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July 9, 2020
South African fintech company raises US$300,000 in venture capital investor funding
A South African fintech company known as Franc has raised US$300,000 from venture capital investors. Franc is an investment robo-advisor...
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July 5, 2020
Trade finance in Africa can attract private equity in the real economy
Has trade finance been leveraged adequately to facilitate trade in Africa? It is a known fact that trade finance is...
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July 2, 2020
MyBucks South Africa sells 49% stake to Malawian based Mpatsa Holdings
MyBucks South Africa, a fintech company that is the parent company of MyBucks Malawi, has agreed to sell its 49%...
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July 2, 2020
Data and its new position as the most valuable resource – Data & Analytics Virtual Summit West Africa
Data has officially overtaken crude oil as the most valuable resource in the world. Insights gained from data analysis are...
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July 1, 2020
Oil & Gas Leadership and Success Virtual Summit – Your virtual platform for thought leadership, ideas & solutions
This Oil & Gas Leadership and Success Virtual Summit is designed to take you on a step-by-step journey throughout the...
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June 30, 2020
Voodoo Communication launches Life TV in Abidjan (Côte d’Ivoire)
Voodoo Communication has launched a free TV channel called Life TV in Abidjan (Côte d'Ivoire) which will provide family entertainment,...
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June 29, 2020
Africa Exploration in Focus: Somalia
Join Frontier Live for the Africa Exploration in Focus: Somalia Webinar on Thursday, 2 July 2020, 14:00 - 14:45 (British...
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June 27, 2020
Ingressive Capital raises US$10-million for an African based fund
Ingressive Capital, a Nigerian based venture capital firm, has raised US$10-million to be deployed to tech-enabled startups based in Africa....
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June 26, 2020
HAVAÍC agrees to participate in the equity raise of Mobiz to expand its SMS marketing platform
HAVAÍC, a venture capital firm, has agreed to participate in the equity funding of the SMS marketing platform known as...
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June 24, 2020
Jasco cancels its sale-of-business agreement with African Zaibatsu Corporation
Jasco Trading, the wholly-owned subsidiary of the Jasco Electronics Holdings, has cancelled its sale of business agreement with African Zaibatsu...
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June 23, 2020
Riyada Managers will raise US$300-million in a new North Africa private equity fund
Riyada Managers, a private equity firm that is managed by former Abraaj Group management, has indicated that it plans to...
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June 22, 2020
MoneyFellows has raised US$4-million from Partech and Sawari (Egypt)
MoneyFellows, the Egyptian fintech company has raised US$4 million from Partech as well as Sawari Ventures (based in Egypt). MoneyFellows...
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June 18, 2020
Platform Capital invests in Lipa Later, an East African fintech based in Kenya
Platform Capital, a Nigerian venture capital firm has invested in Lipa Later, a fintech consumer credit platform in East Africa....
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June 18, 2020
Stepping up: Can oil companies be the champions of Net Zero?
Join Frontier Live for the Stepping Up: Can Oil Companies be the Champions of Net Zero? Webinar on Thursday, 25...
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June 16, 2020
Africa Exploration in Focus – MSGBC Basin
Join Frontier Live for the Africa Exploration in Focus: MSGBC Basin Webinar on Thursday, 18 June 2020, 14:00 - 14:45...
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June 16, 2020
Futuregrowth invests in fintech startup, LifeCheq
Futuregrowth Asset Management (“Futuregrowth”) has invested in fintech startup LifeCheq, a company that offers innovative personal financial planning to professionals...
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June 12, 2020
DHL acquires a minority stake in Link Commerce
DHL has acquired a minority stake in Link Commerce, an e-commerce company that supports the online sales platforms such as...
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June 10, 2020
Merge Tech, a South Africa startup company has raised US$100,000 from Platform Capital
Merge Tech, a South Africa startup company has raised US$100,000 from Platform Capital. Merge Tech is an app that connects...
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June 10, 2020
Crossfin invests in South African fintech startup, truID
Crossfin Ventures has invested in a South African fintech startup known as truID, a platform that provides financial institutions with...
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June 9, 2020
Funding challenges for the oil and gas sector
Join Frontier Live for the Funding Challenges for the Oil & Gas Sector Webinar on Thursday, 11 June 2020, 14:00...
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June 8, 2020
Informa Plc’s AfricaCom, has partnered with PEafrinsights
AfricaCom, a part of Informa Plc, has renewed its mutually beneficial partnership with PEafrinsights. AfricaCom is the African continent's largest...
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June 5, 2020
CDC Group and Novastar Ventures co-invest in mPharma, an African healthcare company
CDC Group and Novastar have co-invested US$17-million in mPharma, a pan-African healthcare company that operates in Ghana, Kenya, Nigeria, Zambia...
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June 3, 2020
Adenia exits its 95% stake in Mauvilac to the third largest paint manufacturer
Adenia has managed to conclude its exit of its 95% stake in Mauvilac to the third largest paint manufacturer known...
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June 3, 2020
The new digital bank, Sparkle launches in Nigeria
Sparkle, a digital banking startup has launched its operations in Nigeria after it was granted a banking license by the...
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June 3, 2020
Inclusivity Solutions raises US$1.3-million from Goodwell Investments
Inclusivity Solutions, a South African insurtech startup has raised US$1.3-million from Goodwell Investments. The startup provides insurance through digital means...
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June 1, 2020
South Africa’s Oil & Gas Future
Join Frontier LIVE for the South Africa’s Oil & Gas Future Webinar on Thursday, 4 June, 14:00 - 14:45 British...
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June 1, 2020
Carlyle to unbundle its African operations into newly formed Alterra Capital
The Carlyle Sub-Saharan Africa Fund will be unbundled to form Alterra Capital, a fund that will be managed by the...
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May 27, 2020
EquityMaven has launched its fintech online valuation platform
EquityMaven, a South African fintech startup, has launched an online valuation platform that can produce investment banking-style business valuations. The...
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May 26, 2020
Spear Capital invests R100-million (US$5.5-million) in e-commerce startup, RunwaySale
Spear Capital has agreed to invest in R100-million in e-commerce fashion retailer RunwaySale. RunwaySale offers exclusive online access to designer...
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May 25, 2020
Peach Payments raises investor equity funding from UW Ventures
Peach Payments, a fintech startup based in Cape Town (South Africa), has raised equity funding from UW Ventures which will...
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May 25, 2020
AgDevCo will provide debt funding to grain storage producer (Tanzania)
AgDevCo has agreed to provide long-term debt funding to a regional leader in the production of grain storage bags in...
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May 22, 2020
Private debt will balance the private equity portfolio asset class
Private equity firms looking to improve the quality of their portfolio should consider private debt in their portfolio asset class....
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May 22, 2020
Plug and Play to open Johannesburg office to support African venture capital
Plug and Play, a Silicon Valley venture capital firm will open an African office which will be based in Johannesburg,...
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May 20, 2020
Agile Capital has R900-million (US$47-million) available to invest in high-growth companies
The South African based private equity firm, Agile Capital, is looking for equity investments in the market and has R900-million...
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May 19, 2020
The impact of Covid-19 on Africa’s oil explorers and producers
Join Frontier Live for the impact of Covid-19 on Africa's oil explorers & producers Webinar on Thursday, 21 May, 2pm...
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May 19, 2020
Helios Towers agrees to buy 65 telecoms sites from Eagle Towers SA
Helios Towers, an African based telecoms tower company has agreed to buy 65 wireless telecoms sites from Eagle Towers SA...
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May 18, 2020
Growth Capital Partners acquires 100% of Nerdworks and Turrito for R24.1-million
Growth Capital Partners has acquired 100% of Nerdworks and Turrito for R24.1-million from Sebata Holdings. Nerdworks, a company that trades...
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May 18, 2020
Nintey One & RMB partially exit investment in Kamoso Africa
Ninety One (previously Investec Asset Management) and Rand Merchant Bank Ventures have partially exited their equity stake in the Botswana...
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May 15, 2020
Novastar Ventures gets commitments of US$108-million and becomes a mega-African venture capital fund
Novastar Ventures, an African venture capital fund has reached financial close for commitments of US$108-million which increases its total fund...
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May 15, 2020
Cairo based Shahry has raised US$650,000 from EGBank
Shahry, an Egyptian artificial intelligence based credit-scoring engine has raised US$650,000 from an Egyptian bank known as EGBank. The platform...
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May 14, 2020
Absa Group invests in startup stock exchange A2X
Absa Group has agreed to invest in the start-up stock exchange A2X Markets. The company began trading in October 2017...
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May 13, 2020
South African fintech startup Zoona, sells its Malawian operational assets to Mukuru
Zoona, a South African fintech startup now remaining with operations in Mozambique and Zambia has sold its Malawian operational assets...
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May 12, 2020
Brimore raises US$3.5-million in Algebra Ventures led funding round
Brimore has raised US$3.5-million in a funding round led by Algebra Venture and the investment is expected to expand the...
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May 11, 2020
Namibia’s Oil & Gas Future webinar
Join Frontier Live for the Namibia’s Oil & Gas Future webinar on Thursday 14 May 2020. You will hear insights...
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May 6, 2020
Fanisi Capital buys minority stake in St Bakhita School for US$2.5-million
Fanisi Capital has acquired a minority stake in St Bakhita School for US$2.5-million. The school is well-established with 3 campuses...
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May 6, 2020
Data & Analytics Virtual Summit – West Africa, to take place in July 2020
PEafrinsights is proud to partner with MarTech Vibes in its Data & Analytics Virtual Summit - West Africa. Data and...
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May 4, 2020
XENO raises US$150,000 from the Nordic Impact Funds
XENO, a Ugandan online investment advisory startup company, has raised US$150,000 from Nordic Impact Funds. XENO is an investment advisory...
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May 4, 2020
Pravica raises US$500,000 in 500 Startups led funding round
Pravica, based in Egypt, has raised US$500,000 from a 500 Startups led seed-funding round. Pravica is a blockchain email service...
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April 30, 2020
Mast Capital and Scott Gibson invest in South African based identity company, Contactable
Mast Capital and Scott Gibson have invested in Contactable, an identity solutions company that provides services to companies in financial...
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April 30, 2020
The founder of Leaph launches new niche search engine platform, Query
A Zimbabwean startup, Query, has launched a search engine that provides a platform for people to share niche knowledge with...
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April 27, 2020
CIB buys 51% stake in Mayfair Bank for US$35million (Kenya)
The Egyptian based Commercial International Bank (CIB) has acquired 51% of Mayfair Bank for US$35-million after obtaining regulatory approval in...
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April 25, 2020
Omidyar Network invests US$600,000 in Nigerian media company, Stears Business
Omidyar Network and other Nigerian investors have provided seed equity of US$600,000 in Stears Business, a Nigerian media company. Stears...
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April 22, 2020
Frontier is launching Frontier LIVE: Webinar Series for the Oil, Gas & Energy Industry
Frontier is delighted to announce the launch of the brand new Frontier LIVE Webinar Series. Frontier LIVE will highlight frontier...
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April 22, 2020
Innervation Pan African Payments acquires The Loyalty Box from Tritech Media
Innervation Pan African Payments has acquired The Loyalty Box from Tritech Media to expand its presence in the payments fintech...
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April 21, 2020
Naivas raises US$15-million from the IFC led consortium
Naivas Group (“Naivas”), a Kenyan retail company has raised US$15-million from a consortium of investors which include the IFC, Amethis,...
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April 16, 2020
African Development Bank will provide US$10-million equity funding to Razorite Healthcare Africa Fund
The African Development Bank (AfDB) has agreed to provide US$10-million equity funding to Razorite Healthcare Africa Fund. The fund is...
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April 15, 2020
Enygma Ventures invests R8.3million (US$460,000) in Play Sense
Enygma Ventures, a US based venture capital company has invested R8.3million in Play Sense, a South African online pre-primary school...
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April 12, 2020
US International Development Finance Corporation provides US$5-million debt facility to Twiga Foods
US International Development Finance Corporation has provided a US$5-million debt facility to Kenyan based Twiga Foods.Twiga Foods is a food...
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April 9, 2020
Norsad Finance provides R150-million debt facility to Grobank
Norsad Finance, an impact investor that provides structured finance has provided a R150-million (US$8-million) medium-term facility to Grobank. Grobank is...
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April 7, 2020
Founder & CEO of Ubisoft invests in Nigerian startup Kwik Delivery
The founder and CEO of Ubisoft (Yves Guillemot),a French video game company, has invested in the Nigerian based Kwik Delivery....
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April 5, 2020
RH Bophelo acquires 100% of Rondebosch Medical Centre
RH Bophelo has acquired 70% of Rondebosch Medical Centre after having already bought a 30% stake in the company in...
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April 2, 2020
Mobiz raises US$2 million to expand its SMS marketing platform
The SMS marketing platform known as Mobiz has raised US$2 million in a funding round that Kalon Venture Partners participated...
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March 31, 2020
Youverify raises US$1.5 million from Orange Digital Venture
Youverify has raised US$1.5 million in a funding round led by Orange Digital Ventures. Youverify is an identity technology company...
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March 31, 2020
GETWINE buys 100% of Sale Wine (South Africa)
GETWINE has acquired 100% of Sale Wine in a move to gain presence in Gauteng province which is the largest...
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March 27, 2020
The Viessman Group buys 40% of ThermoWise
The Viessman Group, a company based in Germany, has acquired a 40% of ThermoWise. ThermoWise is a South Africa supplier...
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March 24, 2020
What will Covid-19 do to the private & alternative sector?
The effects of Covid-19 on the private equity and alternative sector will be significantly felt by sector participants. The truth...
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March 24, 2020
Newtown Partners creates US$20 million venture capital fund with Imperial Logistics
Newtown Partners has agreed to create a US$20 million venture capital fund with Imperial Logistics to identify, invest and nurture...
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March 20, 2020
One Thousand & One Voices leads the recapitalization of SanLei (Lesotho)
One Thousand & One Voices (1K1V), a family office capital fund has agreed to recapitalize SanLei. SanLei is a producer...
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March 20, 2020
Blue Haven Initiative leads US$3.6 million funding round for Field Intelligence
Blue Haven Initiative has led a funding round of US$3.6 million to Field Intelligence. The funding round included Accion Venture...
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March 18, 2020
AfricInvest acquires a minority stake in I&M Bank (Rwanda)
AfricInvest has acquired a minority stake in I&M Bank Rwanda through its investment vehicle known as AfricInvest Evergreen Investments. I&M...
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March 17, 2020
Grindstone Accelerator raises US$1.5 million from SA SME Fund
Grindstone Accelerator has raised US$1.5 million (R24 million) from the SA SME Fund which will be used to expand its...
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March 12, 2020
WomenChoice Industries raises US$200,000 from Gary Matters Capital
WomenChoice Industries raised US$200,000 from Gray Matters Capital. WomenChoice manufactures and distributes low-cost hygiene sanitary products for women as well...
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March 5, 2020
Jooble partners with PEafrinsights to grow its Africa user base
Jooble has finalised the agreement to partner with PEafrinsights in its quest to grow the job seeking user base in...
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March 5, 2020
Snapplify acquires education media company Onnie Media
South African based Snapplify has acquired Onnie Media, an education media company for teachers. Onnie Media began as a small...
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March 3, 2020
Bamboo Capital invests in Socak Katana (Côte d’Ivoire)
Bamboo Capital has led the investment (with Injaro) in Socak Katana, a cocoa cooperative based in Côte d’Ivoire that supports...
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February 28, 2020
What does private equity exit show to investors and where is the stable return?
As the phrase goes “anyone can invest money, but few know how to get it back.” After the deal is...
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February 28, 2020
EXEO Capital exits InteliChem and sells to Masimong Group Holdings
EXEO Capital has sold its entire stake in InteliChem to Masimong Group Holdings. InteliChem is a South African based provider...
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February 26, 2020
PSV Holdings exits its 100% stake in Turbo Agencies Botswana
PSV Holdings has decided to sell its 100% stake in Turbo Agencies Botswana. Turbo Agencies is a company that provides...
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February 26, 2020
Sokowatch raises US$14 million expansion & revamp funding
The Kenyan based e-commerce startup, Sokowatch, has raised $14 million in funding to revamp supply-chain markets for Africa’s informal retailers....
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February 24, 2020
Grand Parade sells Burger King South Africa to Emerging Capital Partners
Grand Parade Investments which owns the Burger King South Africa franchise has agreed to sell its 95% stake to Emerging...
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February 18, 2020
Edelman concludes buyout of Gina Din Corporate Communications
Edelman, a global communications firm has acquired Gina Din Corporate Communications (The Gina Din Group) in order to expand its...
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February 18, 2020
Phatisa leads the full acquisition and de-listing of Rolfes Group
Phatisa has led the 100% acquisition of Rolfes Group, a supplier of agricultural, food, industrial and water chemical management service...
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February 18, 2020
Registration is now open for Real Estate Finance, Investment, Valuation & Modelling workshop
Infocus International Group has released the Real Estate Finance, Investment, Valuation & Modelling workshop and it will be holding in...
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February 13, 2020
Bamboo Capital Partners exits its stake in a micro-finance bank
Bamboo Capital Partners has exited its indirect stake in one of the leading microfinance banks in Nigeria, Accion Microfinance Bank...
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February 13, 2020
Liberia’s Harper Basin License round confirmed at Africa E&P Summit 2020
The Africa E&P Summit 2020 will welcome a delegation from Liberia Petroleum Regulatory Authority (LPRA) and NOCAL to present the...
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February 12, 2020
Brimstone pays R36m (US$2.4m) to increase its stake in Obsidian Health to 80%
Brimstone, a listed investment holding company, paid R36 million (US$2.4 million) to increase its stake in Obsidian Health from 25%...
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February 12, 2020
MMEC 2020 expects to attract more than 1000 participants
The 7th Mozambique Mining, Oil & Gas and Energy Conference & Exhibition is taking place at the prestigious Joaquim Chissano...
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February 11, 2020
Aella raises US$10 million in debt funding from HQ Financial Group
Aella has raised US$10 million in debt funding from HQ Financial Group, a Singapore based private equity fund that specialises...
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February 11, 2020
SunFunder provides US$4million debt facility to Daystar
SunFunder has provided a US$4 million in debt funding to the commercial and industrial solar developer, Daystar Power (based in...
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February 9, 2020
Mastering Energy Storage & Charging Electric Vehicles (EVs) workshop is back for 2020
This 2020, Infocus International is bringing back the Mastering Energy Storage & Charging Electric Vehicles (EVs) workshop. There are two...
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February 9, 2020
Elmenus raises US$8 million from Global Ventures and Algebra Ventures
Egypt-based Elmenus, an Egyptian online food buying platform has raised US$8 million in a funding round led by Global Ventures...
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February 5, 2020
Salt Recruitment Group (UK) acquires Recruit Digital (based in South Africa)
The UK based Salt Recruitment Group has acquired Recruit Digital, a South African company that focuses on marketing, sales and...
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February 5, 2020
Paga acquires a software development start-up operating in Ethiopia
Paga, a Nigerian digital payments start-up has acquired a software development start-up that operates in Ethiopia known as Apposit. Apposit...
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February 3, 2020
PEafrinsights partners with UK based AME Trade
PEafrinsights has partnered with UK based AME Trade, a fast-growing independent business-to-business event organiser in the emerging markets of Africa,...
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February 3, 2020
The Public Private Partnership (PPP) workshop is now available in five international locations
The Public Private Partnership (PPP): Financing, Projects & Contracts workshop is back for 2020. With more sessions in different locations,...
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February 2, 2020
Rensource Energy raises US$3 million from Proparco
Rensource Energy raised US$3 million from Proparco. Rensource Energy aims to develop, build and operate over 100 minigrids with power...
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January 31, 2020
Onomo launches new hotel in Maputo, Mozambique
Onomo Hotels has opened a new hotel in Mozambique (December 2019), bringing its network in Southern Africa to 10 hotels....
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January 26, 2020
The Workforce Holdings acquires Chartall Business College for R35 million (US$2.4 million)
The Workforce Holdings, a South African labour services company has acquired Chartall Business College for R35 million (US$2.4 million) to...
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January 26, 2020
CDC supports Africa based projects with US$400 million of funding
CDC Group, the UK government owned impact investor has secured private equity partnerships in its funding of US$400 million of...
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January 22, 2020
Rwanda will host the 5th edition of Nextv CEO Africa
The 5th edition of Nextv CEO Africa will be held from April 29 to 30, 2020 in Kigali, Rwanda. The...
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January 20, 2020
Onomo Hotel Group buys 60.1% of South African based Bon Hotels
Onomo Hotels bought a 60,1% stake in South Africa-based Bon Hotels further expanding its operations in South Africa. Onomo Hotels...
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January 20, 2020
Ceniarth lends US$2 million to 4G Capital
Ceniarth LLC has provided debt funding of US$2 million to 4G Capital which has concluded a fund raising round of...
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January 16, 2020
Tunisian Hazem Ben-Gacem invests €500,000 in LYOUM
Hazem Ben-Gacem has invested €500,000 in Tunisian fashion brand, LYOUM which will be used to accelerate its international expansion plans...
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January 13, 2020
AgDevCo provides debt capital to Goldenlay (Zambia)
AgDevCo, the UK-based social impact investor has provided debt capital to Goldenlay, a market leader in table eggs in Zambia....
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January 5, 2020
African sectors & countries investors should consider in 2020
Investors looking to invest in Africa will find that there is a lot of choice in 2020. Something different is...
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January 5, 2020
Gas & LNG Markets, Contracts & Pricing workshop is back in Singapore on March 2020
Due to popular demand, the highly requested Gas & LNG Markets, Contracts & Pricing workshop is coming back to Singapore...
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December 19, 2019
Registration opens for 2020 Project Finance & Project Financial Modelling workshop
Singapore – Infocus International Group is accepting registration for Project Finance & Project Financial Modelling workshop. Answering to the demand...
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December 19, 2019
Conduit Capital sells its Constantia Risk and Insurance company to Trustco
Conduit Capital, an investment holding company has agreed to sell Constantia Risk and Insurance to the Namibian financial services group...
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December 12, 2019
Altron will acquire Ubusha Technologies for R360 million (US$24 million)
Altron has agreed to acquire Ubusha Technologies for R360 million (US$24 million). Ubusha Technologies is an identity security provider that...
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December 12, 2019
African telecoms sector indicates key challenges for investors in Africa
A panel discussion with some African network providers at AfricaCom 2019 highlighted the issues they face in providing the African...
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December 10, 2019
Nigerian based Jiji has raised US$21 million for expansion of digital classifieds
Jiji, a Nigeria based digital classifieds company has secured additional equity funding of US$21 million by an investor consortium led...
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December 7, 2019
AfricaCom is Africa’s largest platform that unravels African technology outlook
PEafrinsights was proud to be a partner to the AfricaCom conference and exhibition in Cape Town, South Africa. The organisation...
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December 7, 2019
Egyptian advertising start-up gets $12 million from Saudi investors
Egyptian based Adzily has raised a $12 million investment from the Saudi Arabian investment firm Tharawat Holding Company. Adzily is...
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December 1, 2019
How the African Continental Free Trade Agreement (AfCFTA) will provide exponential growth to companies managed by private equity funds in Africa
The African Continental Free Trade Agreement (AfCFTA) is expected to improve a trade imbalance in which exports and imports between...
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November 28, 2019
Brait plans rights offer to protect its private equity assets
The listed private equity investor Brait will launch an equity capital raise of at least R5 billion in a rights...
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November 27, 2019
Thebe buys controlling stake in Discover Digital
Thebe Investment Corporation has acquired a 51% controlling stake in video streaming company Discover Digital, a company that provides digital...
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November 15, 2019
PEafrinsights partners with Dataxis (based in France)
PEafrinsights has partnered with Dataxis, a company that provides analytics and online database services for in depth indicators on worldwide...
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November 14, 2019
AlphaCode acquires 25% of South African health-tech company
AlphaCode has acquired a 25% stake in Guidepost, a health-tech platform that manages patient diabetes based on personalized data. The...
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November 12, 2019
PEafrinsights partners with Infocus International
PEafrinsights has partnered with Infocus International, a global business intelligence provider of strategic information and professional services serving diverse business...
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November 7, 2019
Silvertree Holdings invests in South African based SKOON
Silvertree Holdings has invested in SKOON, a natural skincare company founded by South African engineer, Stella Ciolli. The investment will...
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November 7, 2019
Adiwale Partners inks €50 million fund for West African Small to Medium Businesses
Adiwale Partners, the private equity investor in small to medium businesses in Francophone West Africa, has raised €50 million as...
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November 7, 2019
The Vumela Fund invests R25m (US$1.7m) in ProfitShare Partners
The Vumela Fund, managed by Edge Growth Ventures has invested R25 million in ProfitShare Partners, a company that provides equity...
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November 1, 2019
Vantage Capital provides €8 million mezz funding to Equity Invest SA
Vantage Capital, Africa’s largest mezzanine fund manager announced today that it has provided €8 million of mezzanine funding to Equity...
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October 26, 2019
The African Leadership Magazine will provide insights on the Insurance Industry in Africa
The African Leadership Magazine UK (AfricanLeadership.co.uk) will be publishing a special coverage of the Insurance Industry in Africa in its...
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October 24, 2019
Africa PPP 2019, Africa’s most insightful gathering of Water, Energy and Infrastructure Stakeholders has begun in Cape Town
The 11th Africa Infrastructure Investment Partnership Conference and Showcase, Africa PPP, is taking place at the Westin Cape Town, South...
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October 18, 2019
African Capital Alliance announces the sale of Cornerstone Tower
African Capital Alliance (“ACA”) today announced the sale of Cornerstone Tower, an A-grade office building in Lagos, to Everty, a...
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October 16, 2019
African High Yield Bonds – What happens when equity yields significantly outperform bond yields?
South Africa and other investment grade rated developing countries need to cautiously watch the global movements of bond inflows. The...
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October 15, 2019
Enygma Ventures starts US$6.8 million fund for Southern African women led businesses
The USA based Enygma Ventures has launched fund with US$6.8 million (R100 million) in women-led entrepreneurial companies operating within the...
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October 11, 2019
Agile Capital buys a stake in energy & telecoms component provider
Agile Capital has acquired a significant stake in Averge Technologies. Averge Technologies is a provider of components such as DC...
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October 11, 2019
Verod Capital exits its 100% stake in UTL Trust Management
Verod Capital Management Limited will exit its ownership of UTL Trust Management, a trust company based in Lagos, Nigeria. UTL...
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October 8, 2019
Mara Group opens first African smartphone factory in Rwanda
Mara Group has launched the first Mara Phone factory in Rwanda which will make African based smartphones for the African...
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October 7, 2019
APO Group shows media relations consultancy at its best in Africa
APO Group has successfully connected the information landscape on the African continent, but what sets them apart from rest? APO...
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October 7, 2019
SweepSouth raises R50 million from local & international investors
SweepSouth has raised R50 million (US$3.3 million) from investors that include Michael & Susan Dell Foundation, Naspers Foundry, Smollan, Vumela...
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September 27, 2019
Private Debt needs to size-up quickly in South Africa
Private Debt is an asset class that will ensure that private equity firms have strong balance sheets that can withstand...
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September 27, 2019
Snapplify secures R30.2 million (US$2 million) funding from Knife Capital & Hlayisani Capital
Snapplify has raised R30.2 million (US$2 million) from Knife Capital and Hlayisani Capital through the South African section 12J venture...
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September 20, 2019
Lwazi Media Ventures buys 30% stake in Ebony+Ivory
Lwazi Media Ventures bought a 30% stake in Ebony+Ivory which is a design and media agency with a 50-year track...
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September 20, 2019
Video Exchange Africa – where great content, innovative tech and commercial sustainability meet to drive the new media space
London, 20 September 2019 – Video Exchange Africa will be the place to be this year, to explore the commercial...
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September 19, 2019
RH Bophelo buys 25% of Genric Insurance
RH Bophelo has agreed to buy a 25% stake in Genric Insurance from IM Investments for R51 million (US$3.5 million)....
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September 12, 2019
VertoFX raises US$2.1 million from investor consortium
VertoFX, an African focused currency trading and payment startup raised a $2.1 million in an equity seed round from a...
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September 4, 2019
Tamela Capital Partners has raised R420 million for mezz debt fund
Tamela Capital Partners (“Tamela”), a subsidiary of Tamela Holdings, has raised R420 million for the Tamela Mezzanine Fund. The fund...
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September 3, 2019
Oikocredit buys minority stake in Credit Bank (Kenya)
Oikocredit, an impact investor has acquired a minority stake in Credit Bank for 1 billion Kenyan shillings (US$10 million) which...
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August 28, 2019
African Rainbow Capital acquires 25% of Capital Legacy
African Rainbow Capital has acquired 25% of Capital Legacy, company that is a provider of wills, estate administration and legacy...
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August 28, 2019
Call for entries for AfricaCom Awards 2019
A little magic will take place at the AfricaCom Awards this year, with the return of old favourites and the...
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August 22, 2019
APO Group partners with PEafrinsights
APO Group has partnered with PEafrinsights in its quest to provide pipeline, advisory and insights to Africa’s potential. The APO...
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August 14, 2019
AgDevCo provides funding of US$9.75 million to DekelOil
AgDevCo has agreed to invest US$9.75 million in DekelOil, which is an agribusiness company that produces palm oil in Cote...
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August 14, 2019
Dangote Refinery is set to complete Africa’s largest oil refinery by 2021 in Nigeria
The Dangote Refinery which had private investor support and Lenders to the tune of US$12-billion is expected to come on-stream...
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August 12, 2019
Healthcent attracts R8 million venture capital funding from Allan Gray and Umkhathi Wethu Ventures
Healthcent has received venture capital funding of R8 million from Allan Gray and Umkhathi Wethu Ventures which will be used...
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August 12, 2019
Pernod Ricard acquires majority stake in Inverroche (South Africa)
The second largest liquor company in the world, Pernod Ricard, has acquired a majority stake in South African distillery Inverroche....
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August 12, 2019
Lebashe will buy Tiso Blackstar media assets for R1 billion
Tiso Blackstar Group (“Tiso”), the Johannesburg Stock Exchange media company has decided to sell 100% of its media businesses to...
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August 5, 2019
DPO Group acquires the South African payment service provider PayFast
DPO Group has acquired the South African payment service provider PayFast. PayFast was established in 2007 by Jonathan Smit and...
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August 1, 2019
Sokowatch expands in East Africa as seed funding rises
Sokowatch, a company that facilitates the order and delivery of goods for informal retailers has expanded operations in Rwanda and...
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August 1, 2019
AJ Capital acquires Kenya start-up micro insurance company
Dubai based AJ Capital has acquired a 51% stake in Kenyan start-up, Insurance For All. Insurance For All is a...
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July 24, 2019
Africa PPP – Africa’s most influential event on Infrastructure Financing is back in Cape Town, South Africa!
Now into its 11th year, hosted in Cape Town, South Africa, - Africa PPP Infrastructure Investment Partnerships Conference will take...
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July 23, 2019
Family private equity fund invests in The Rosehip Company (Lesotho)
One Thousand & One Voices (1K1V), a family private equity fund has invested in The Rosehip Company which is an...
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July 23, 2019
AHL Venture Partners invests in Agri-Lab testing company in East Africa
AHL Venture Partners, an East African impact investor has invested in Crop Nutrition Laboratory Services Ltd (“Crop Nutrition”) with the...
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July 23, 2019
Nahdet Misr Publishing Group invests US$100,000 in Colnn (Egypt Venture Capital)
Nahdet Misr Publishing Group (through EdVentures) has provided US$100,000 for an equity stake in Colnn, a company based in Cairo,...
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July 16, 2019
Sterling Capital buys a 20% stake in Afvest (Kenyan private equity)
Sterling Capital will acquire 20% of private equity firm, Afvest. Afvest invests in scalable early-stage businesses with potential to generate...
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July 10, 2019
Microtraction has launched the Microtraction Scout Initiative so founders can find Microtraction for start-up funding
Microtraction has a new initiative that will be used to source start-ups with great potential and inspirational founders. The Microtraction...
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July 10, 2019
Knife Capital buys a stake in Cradle Technology Services
Knife Capital has invested in a successful Software-as-a-Service company known as Cradle Technology Services through its section 12J VC fund...
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July 9, 2019
Old Mutual Private Equity acquires Footgear from founders
Old Mutual Private Equity has decided to acquire a majority stake in Footgear, a South African retailer of branded footwear....
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July 9, 2019
SureStart buys CompareGuru to expand its Insuretech reach in South Africa
Online insurer SureStart has acquired CompareGuru, an insurance comparison platform based in South Africa. CompareGuru compares quotes on short-term and...
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July 1, 2019
Lulalend raises $6.5 million from the IFC & Quona Capital
South African digital lender Lulalend has raised a US$6.5 million, an investment by the IFC and Quona Capital. Lulalend will...
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June 24, 2019
AgDevCo is a major contributor to agricultural impact investment in Africa
AgDevCo is an impact investor specializing in agribusiness investments in Sub-Sahara Africa. AgDevCo's portfolio consists of over 50 investments in...
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June 24, 2019
Eos Capital acquires Avbob Namibia Holdings
Eos Capital, a Namibian private equity firm will acquire Avbob Namibia Holdings from the South African parent company known as...
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June 24, 2019
Impact investor AgDevCo provides $5 million to a consortium of macadamia producers
AgDevCo is providing a facility of US$5 million in partnership with Root Capital to a consortium of macadamia processors and...
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June 24, 2019
Naspers Foundry invests R30 million in SweepSouth
The unit of the Johannesburg Stock Exchange listed Naspers, known as Naspers Foundry has invested R30 million in SweepSouth, thereby...
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June 18, 2019
Privatization is a compelling alternative for most state owned companies in Africa
The concept of privatization has been frowned upon by many African governments even though in many cases, this is the...
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June 13, 2019
Is the phenomenon of deflation inevitable in Africa?
Africa has seen one of the largest increases in the price of goods and services over a number of years...
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June 13, 2019
Sahel Capital invests in the shea butter producer, Ladgroup
Sahel Capital, an agricultural private equity company based in Nigeria has invested in Ladgroup Ltd, an agricultural company that processes...
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June 13, 2019
The construction of the Ilubirin mixed-use development takes shape on Lagos Island
The Ilubirin mixed-use development is currently taking place on the North-West coast of Lagos Island with completion of the first...
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June 7, 2019
Helios consortium acquires 96.7% of Egyptian based Misr Hytech
Helios Investment Partners, an Africa-focused private investment firm, and the Egyptian-American Enterprise Fund have acquired 96.7% of Misr Hytech through...
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June 3, 2019
PEafrinsights reviews the Africa E&P Summit 2019
The Africa E&P Summit was an inspiring, enlightening and a learning experience for those interested or already exploring the oil...
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June 3, 2019
Saudi Arabian investors have invested $180,000 in Odiggo (Egypt)
Saudi Arabian investors have provided $180,000 to Odiggo, a tech platform that connects customers with car parts and services in...
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May 28, 2019
Growing African inter-regional trade and trade finance to support African companies
Africa faces the toughest trade market situation ever as it becomes obvious that the laggards in the business of trade...
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May 28, 2019
Capital Appreciation invests R20m in GovChat
Johannesburg Stock Exchange listed Capital Appreciation has agreed to invest R20m in GovChat, a tech platform that connects the citizens...
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May 23, 2019
AgDevCo provides US$3 million to Tradin Organic
AgDevCo has approved a US$3 million revolving facility for Tradin Organic, an organic cocoa farming company based in Sierra Leone....
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May 17, 2019
Oasis Capital invests in Sinel Specialist Hospital
Oasis Capital Ghana, has invested in Sinel Specialist Hospital which is a Tema, Ghana based specialist hospital that provides affordable...
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May 17, 2019
Menengai Group plans to acquire 100% of Aquamist
Menengai Group, which is owned by the Rai family will acquire a water bottling company known as Aquamist, based in...
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May 17, 2019
Verod Capital exits its 100% shareholding in Rotoprint
Verod Capital Management Ltd has fully exited its ownership of Rotoprint Ltd, a packaging company based in Nigeria. Rotoprint is...
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May 17, 2019
DOB Equity invests in water producer Jibu Tanzania
DOB Equity, a Netherlands based impact investor has invested in Jibu Tanzania, a company that produces clean drinking water to...
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April 28, 2019
African governments are spending too much time regulating African entrepreneurs out of business
It is quite interesting how African countries can be surprised by the high data costs that telecoms companies are charging...
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April 28, 2019
Vantage Capital exits mezzanine facility in Thebe Timrite
Vantage Capital, Africa’s largest mezzanine debt fund manager has fully exited its investment in Thebe Timrite, which is a leading...
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April 28, 2019
Air Mauritius buys a 20% stake in the airport duty free shops for $11 million
Air Mauritius has agreed to buy a 20% stake in Mauritius Duty Free Paradise Co. Ltd which is a company...
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April 28, 2019
The Central Bank of Egypt plans to invest $58m to fintech
The Central Bank of Egypt in partnership with the Egyptian government is planning to launch a $58m fund to support...
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April 18, 2019
AfricInvest and Cathay Capital will form a $168 million Africa fund
AfricInvest, a private equity firm based in Tunisia has partnered with Cathay Capital, a global private equity firm based in...
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April 18, 2019
Cipla Medpro South Africa acquires 30% of Brandmed
Cipla Medpro South Africa will acquire 30% of Brandmed, a South African based healthcare company. Brandmed was established in 2014...
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April 18, 2019
Kevian Kenya secures a €10 million loan from the German sovereign wealth fund
Kevian Kenya, a juice making company with brands known as Afia and Pick ‘N’ Peel has secured a loan of...
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April 9, 2019
AgDevCo provides a $3 million mezzanine loan to the Rwanda based Minimex
AgDevCo has provided a mezzanine loan to Minimex, which is a Rwanda based maize milling company with a strong portfolio...
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April 9, 2019
The Africa E&P Summit announces its speakers
The Africa E&P Summit and Exhibition is delighted to announce it’s 2019 program being held from the 22- 23 May...
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April 9, 2019
OneFi secures $5 million debt facility from Lendable
OneFi, a Nigerian based micro-finance company has obtained an approval for debt facilities of $5 million from Lendable, based in...
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April 9, 2019
Brimore raises $800,000 from equity funders led by Algebra Ventures
Brimore, an Egyptian company has raised $800,000 in seed funding from investors led by Algebra Ventures with participating investors such...
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April 4, 2019
AFDB invests €12.5 million in Adiwale Partners based in Cote d’Ivoire
The African Development Bank (AFDB) has agreed to invest €12.5 million in Adiwale Partners which is a private equity fund...
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April 4, 2019
Tofino Capital invests $150,000 for shares in SeamlessHR
Tofino Capital the US based early-stage investor has bought a stake in Nigerian based SeamlessHR for $150,000. The technology start-up...
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April 4, 2019
Individual investor buys equity in Bwala Africa Group
Silicon Valley Venture Capital investor, Justin Caldbeck has invested in Bwala Africa Group, which is a last mile logistics company...
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April 1, 2019
mPharma will buy Kenyan based pharmacy group, Haltons
The start-up pharmaceutical company, mPharma (based in Ghana) is buying the Kenyan based pharmacy retailer, Haltons. This acquisition is typically...
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April 1, 2019
The African Development Bank invests $20 million in Uhuru Investment Partners
The African Development Bank (AFDB) has agreed to invest US$20 million in a fund managed by Uhuru Investment Partners....
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April 1, 2019
Outlierz Ventures has invested in a spectrum of African startups (WaystoCap, Asoko Insights, Sokowatch and MaxAB)
Moroccan venture capital fund Outlierz Ventures has invested in five startups which are WaystoCap (Moroccan based business to business e-commerce),...
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March 29, 2019
The Africa E&P Summit and Exhibition
22 - 23 May 2018 at The IET: Savoy Place, London Your Upstream Connections into Africa The Africa E&P Summit...
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March 25, 2019
South African based FlexClub raises $1.2 million from investors
FlexClub, a South African startup, raised $1.2 million through a seed round led by CRE Venture Capital. FlexClub is platform...
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March 25, 2019
Sovereign Foods buys the Blue Hills Hatchery (South Africa)
South African based Sovereign Foods has acquired the Blue Hills Hatchery, a company based in Midrand, Johannesburg. The Blue Hills...
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March 19, 2019
Sasfin acquires a part of the fintech ecosystem via Payabill
South African based bank, Sasfin has acquired a strategic stake in fintech startup Payabill which is a digital lending...
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March 19, 2019
African based Jumia will list on the New York Stock Exchange
Jumia, the African e-commerce platform based in Nigeria has filed for an IPO on the New York Stock Exchange. Jumia...
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March 19, 2019
FMO provides convertible loan to the Egyptian based Dopay
FMO has provided a €1m convertible loan facility in technology start-up Dopay which is a company that provides payments and...
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March 9, 2019
Mara Group will open the first African based cellphone factory in South Africa
Mara Group has decided to invest R1.5 billion in cellphone manufacturing plant at the Dube Trade Port Special Economic Zone...
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March 9, 2019
Vunani buys 67% of Metropolitan Life Swaziland for R55 million
Vunani has acquired 67% of Metropolitan Life Swaziland for R55 million and awaiting the Eswatini regulatory authority to approve the...
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March 9, 2019
NBK Capital participates in the acquisition of King Integrated American School
NBK Capital Partners, an alternative investor based in UAE has participated in the acquisition of 100% of King Integrated American...
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February 25, 2019
Africa’s major Pension Funds to meet in Mauritius to debate investment strategies
February 2019, Mauritius – Eskom Pension & Provident Fund; Kenya Power Pension Fund; Telkom Retirement Fund; Pencom; Government Employees...
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February 25, 2019
EXEO Capital buys a 36.5% stake in Jumbo Brands
EXEO Capital has acquired a 36.5% stake in Jumbo Brands which is a manufacturer of fruit juice concentrates, squash, cordials,...
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February 25, 2019
Finland based institution provides a €2.5 million secured loan to Africado
Finnfund based in Finland has approved a €2.5 million secured loan to Africado, which is a Tanzanian avocado producer. Africado...
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February 25, 2019
RapidDeploy raises US$12 million from GreatPoint Ventures and Samsung NEXT
RapidDeploy, a cloud-based software company has raised US$12 million from GreatPoint Ventures and Samsung NEXT in their first funding round....
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February 25, 2019
Private Property buys the Property Show business from Spintelligent
Private Property has acquired the Property Buyer Show from South African media company Spintelligent in order grow its customer base...
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February 20, 2019
GL Events SA acquires 60% of Johannesburg Expo Centre 2002 (Pty) Ltd
GL Events has acquired a 60% stake in Johannesburg Expo Centre therefore becoming the majority shareholder in the largest exhibition...
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February 20, 2019
AgDevCo and Centurion Agri Partners invest in Nakifuma
AgDevCo and Centurion Agricultural Partners have invested a large undisclosed amount in Nakifuma Farming Company. The funding will be used...
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February 6, 2019
Growth in the African middleclass by 1% will have a strong impact on alternative investor returns
The alternative investor in Africa has the upside from a 1% growth in the African middle-class. Fraym (a data consulting...
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February 6, 2019
AgDevCo provides a $3 million trade finance facility to Kupa Kokoo (Ghana)
Kupa Kokoo, a cocoa buying company based in Ghana has received a trade finance facility of $3 million from well-known...
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February 6, 2019
CDG Capital Private Equity invests in Steripharma
CDG Capital Private Equity, a Moroccan based private equity firm has invested in Laboratoires Steripharma, a pharmaceutical company based in...
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January 23, 2019
Business Intelligence: – Investors in the Kenyan tech-startup ecosystem
The Kenyan start-up investor group has grown exponentially, especially for new tech companies that have a great product or service...
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January 23, 2019
South African based Group Five sells two subsidiaries to private equity companies for R480 million
Group Five has sold two of its subsidiaries to a consortium of two private equity firms for an agreed amount...
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January 23, 2019
AgroCenta has raised equity of $650,000 for expansion of its agri business in Ghana
AgroCenta will receive an additional $650,000 in equity to expand its operations in the Ghana agri sector after it previously...
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January 23, 2019
Goodwell Investments provides $2 million equity funding for Copia Global
Goodwell Investments has invested $2-million in Copia Global, a Kenyan consumer goods e-commerce company. Copia uses technology and a network...
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January 11, 2019
SA Corporates have resorted to theft of ideas from start-ups
The new trend in South Africa is corporates that engage in theft of ideas from start-ups trying to get a...
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January 11, 2019
Kenyan based CBA buys the Jamii Bora Bank for 1.4 billion shillings (US$14m)
The Kenyan based Commercial Bank of Africa has decided to buy Jamii Bora Bank for 1.4 billion shillings (US$14m). The...
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January 11, 2019
AgDevCo invests in a Ugandan coffee bean company, Great Lakes Coffee
AgDevCo has invested in Great Lakes Coffee, a company that produces high-grade coffees which it sources from over 20,000 small...
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January 11, 2019
The US launches the International Development Finance Corporation to assist Emerging Countries
The US Senate passed a law that will result in the creation of a new US government agency called the International...
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January 8, 2019
Swedfund provides a loan of €10 million to Premier Credit (Kenya)
The Swedish Development Finance Institution known as the Swedfund has provided a loan of €10 million to Premier Credit which...
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January 8, 2019
Enviu secures equity funding of $800,000 from the Mastercard Foundation
Enviu has secured $800,0000 in funding for its newly created product called the Peoples Pension Trust Ghana which provides micro-pensions...
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January 8, 2019
StanChart disposes of its private equity portfolio to ICG Strategic Equity
Standard Chartered has disposed of its private equity business to ICG Strategic Equity, underpinned by a management buyout by Affirma...
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January 8, 2019
Adenia Partners buys Kenyan retail company known as Tumaini
Adenia Partners has bought a retail company known as Tumaini Self Service, based in Kenya. The funding provided by Adenia...
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December 17, 2018
Vantage Capital expands its African exposure by funding Pétro Ivoire in Côte d’Ivoire
Vantage Capital has provided mezzanine funding of €19 million (R310 million) to Pétro Ivoire which is a distributor of petroleum...
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December 17, 2018
Angola plans to support small independent oil and gas producers
The Angolan government has decided to support smaller independent oil and gas producers to begin bidding for operations based on...
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December 17, 2018
Ernst & Young South Africa partners with Motlanalo Chartered Accountants
Ernst & Young South Africa (EY) has gone into a strategic partnership with Motlanalo Chartered Accountants and Auditors Incorporated. Motlanalo...
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December 10, 2018
Experian buys Compuscan for R3.7 billion
Experian has decided to buy Compuscan for R3.7 billion to expand its reach in the credit bureau and analytics industry...
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December 10, 2018
Kobo360 startup secures $6 million from IFC and participating investors
Nigerian logistics startup, Kobo360 has secured a $6 million equity investment from the International Finance Corporation (IFC) and other participating...
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December 10, 2018
The African Startup Summit will provide a pitch opportunity for startups at the summit
The Africa Startup Summit to be held in Kigali (Rwanda) on the 14-15 of February 2019 will allow for 10...
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December 10, 2018
Kenyan based Kukua attracts $2.5m from investors
A group of investors have provided seed funding to the Kenyan based Kukua which uses mobile gaming to improve the...
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November 30, 2018
AgDevCo gets £55 million to invest in African agri-businesses
AgDevCo has received £55-million in additional investment from the United Kingdom’s Department for International Development. AgDevCo is an impact investor...
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November 30, 2018
DOB Equity invests in the Kenyan based Ten Senses Africa
The Dutch family-backed investor DOB Equity has invested in Ten Senses Africa (Kenya) which is an organic macadamia producer and...
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November 19, 2018
Kalon and VC Compass both invest in FinChatBot (South Africa)
South African based Kalon Venture Partners and Mauritius based VC Compass have bought shares in FinChatBot. FinChatBot is a company...
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November 19, 2018
TRACE buys a stake in CoinAfrique (Senegal)
TRACE, a French media company has bought a stake in Senegal based mobile classifieds company known as CoinAfrique. The startup...
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November 14, 2018
Knife Capital buys a significant minority stake in PharmaScout
Knife Capital has bought a significant minority stake in 5nines Technologies which owns an internet of things (IOT) pharmaceutical temperature...
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November 14, 2018
Maitland acquires 100% of Johannesburg based Talaria
Maitland has acquired 100% of Johannesburg-based Talaria which is a successful fiduciary business owned by tax, accounting and fiduciary specialist...
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November 1, 2018
PEafrinsights buys a significant stake in CMG International Media Group
PEafrinsights through its group, Eliofin Proprietary Limited has agreed to acquire 13% of the South African operations of CMG International...
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November 1, 2018
Stadio acquires 100% of Prestige Academy to grow higher education in South Africa
Stadio, the private higher education company has acquired 100% of Prestige Academy Proprietary Limited through its subsidiary, Stadio Investment Holdings...
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November 1, 2018
Injaro invests in the industrial business of Novafrique Industries
Injaro Investments has invested in Novafrique Industries, a company that manufactures household soap from its Cote d’ Ivoire operations. Novafrique...
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October 24, 2018
The PIC and Pelo Agricultural Ventures agree to buy a stake in Karan Beef for R5.2 billion
The Public Investment Corporation (PIC) and Pelo Agricultural Ventures have agreed to acquire a significant stake in Karan Beef for...
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October 24, 2018
Investec Asset Management acquires Richfield Holdings (South Africa)
Investec Asset Management has acquired the business of Richfield Holdings which is a group of private colleges operating in South...
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October 24, 2018
GreenTec invests in the Nigerian based courier, Parcel-it
GreenTec has invested in the Nigerian based Parcel-it which is an on-demand logistics company that would like to meet the...
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October 24, 2018
Cape Town based HAVAÍC buys a 10% stake in Instant Property Rental Holdings
HAVAÍC has agreed to buy a 10% stake in Instant Property Rental Holdings. The funding provided will allow the Instant...
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October 15, 2018
Crossfin buys 45% of Crossgate Technologies from Tritech Media
Crossfin has decided to acquire 45% of Crossgate Technologies from a media technology company known as Tritech Media. Randvest Capital...
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October 15, 2018
Cognition will buy 50% of online platform, “Private Property” for R127 million (or $9m)
Cognition, a company listed on the JSE in South Africa has agreed to buy 50% of an online platform known...
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October 15, 2018
The Mining Indaba Conference in South Africa has been acquired by ITE Group (UK)
Euromoney, the international learning and events group has concluded an agreement to sell the Mining Indaba Conference to ITE Group...
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October 11, 2018
The African market is less risky for alternative investors in growth companies
Sub-Saharan Africa has massive upside for private equity and alternative investors looking for potential exponential organic growth. In Africa, an...
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October 11, 2018
Mathupha Capital has agreed to acquire Aveng Rail for R133 million (or US$9m)
Mathupaha Capital has agreed to buy Aveng Rail for R133 million (or US$9m) which is subject to regulatory approval, including...
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October 11, 2018
Microtraction invests in accounting platform startup known as Accounteer
Microtraction has invested in cloud accounting startup Accounteer based in Nigeria. Accounteer is a platform that was created to provide...
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October 3, 2018
L’Oréal participates in Partech Africa’s fund that is expected to reach $122 million
L’Oréal, the French cosmetics group has supported the venture capital firm known as Partech Africa with an undisclosed investment. Partech...
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September 26, 2018
AdvTech agrees to buy a controlling interest in Monash South Africa
AdvTech a JSE listed education company has agreed to acquire a controlling interest in Monash South Africa in a transaction...
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September 26, 2018
Egyptian agritech startup has raised seed capital from the HIMangel
FreshSource based in Egypt has raised seed capital from HIMangel, a Cairo-based angel fund. The agritech startup was founded by...
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September 26, 2018
Verod Capital Partners gets equity of $15 million from the African Development Bank
African Development Bank has approved a $15 million equity investment in Verod Capital Growth Fund III, a private equity fund...
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September 17, 2018
Paga, based in Nigeria has raised $10 million
Fintech Nigerian startup Paga has raised $10 million from the Global Innovation Fund, Goodwell, Adlevo Capital, Omidyar Network and Unreasonable...
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September 7, 2018
Yoco attracts $16 million from investors (South Africa)
South African Yoco has raised $16 million from investors which will be used to expand its network of small business...
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September 7, 2018
Marlow Capital participates in buyout of 1-Grid (South Africa)
Marlow Capital has participated in the buyout of 1-Grid, previously the hosting division of ISP Web Africa. Marlow acquired a...
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September 7, 2018
EXEO Capital invests $6.4 million in Capital Fisheries Zambia
EXEO Capital has invested $6.4 million in Capital Fisheries a Zambian food distributor that specialises in the cold-chain distribution of...
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September 7, 2018
Prepclass (Nigeria) gets expansion funding from Rise Capital
Nigerian online tutoring marketplace, Prepclass, a Nigeria online tutor has secured funding from an American venture capital firm known as...
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September 7, 2018
DPI buys 33% of MNT Investments (Egypt) for $45 million
Development Partners International (‘DPI’), an African focused private equity firm has invested $45 million for a 33% stake in MNT...
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August 29, 2018
EXEO Capital and Norfund invest $17 million in Marginpar Flower Group
EXEO Capital and the Norfund have invested US$17 million in a flower producer called Marginpar Flower Group Holdings, a company...
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August 27, 2018
Agile Capital buys 26% of SA Biomedical
Agile Capital has acquired a 26% share in SA Biomedical which is a well-known distributor of orthopaedic, spinal, surgical and...
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August 27, 2018
FMO provides a $450,000 grant to Lendable Kenya
FMO is providing a convertible grant to Kenyan-based fintech platform Lendable which will be ‘first loss” cover to commercial investors...
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August 22, 2018
Lack of “agility” is keeping SA CEOs awake
There was a time in South Africa when the CEO of a large company could call the regulator or the...
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August 22, 2018
Pam Golding Property acquires Eazi.com
The Pam Golding Property has acquired the online digital estate agency, Eazi.com for an undisclosed amount. The acquisition forms part...
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August 22, 2018
Wallet Nigeria secures funding from Microtraction
Wallet.ng has managed to attract funding from Microtraction to expand its cellphone based platform that facilitates sending and receiving money...
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August 22, 2018
Boomerang Communication Solutions Nigeria partners with Havas Africa
Boomerang Communication Solutions, the Nigerian advertising and branding agency has partnered with the French arm of Havas Group in Africa,...
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August 22, 2018
Jamii Africa Tanzania has raised part of the $2 million required for its micro-health insurance start-up
Jamii Africa has received funding from the founder of NewWave Technologies (Patrick Munis). Jamii Africa is a micro-health insurance company...
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August 13, 2018
Notification to cross border investors between South Africa and Mozambique
Investors are notified that the One-Stop Border between Mozambique and South Africa has been opened for operations at the largest...
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August 13, 2018
PAPE Fund Managers acquires 48% of Laser Group (South Africa)
PAPE Fund Managers has acquired a 48% of Laser Group. Laser Group is one of the largest independent logistics businesses...
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August 6, 2018
Grant Thornton will merge with BDO in South Africa
Grant Thornton has agreed to merge with BDO in South Africa, a decision that will make BDO the largest mid-market...
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August 6, 2018
Gray Matters Capital invests in Redbird Health Tech (Ghana)
Gray Matters Capital, a US based impact investor has invested in Ghana’s Redbird Health Tech. Redbird Health Tech is a...
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August 3, 2018
The Swiss are interested in providing South Africa with private equity investments
Helical Capital Partners has been established by Swiss based Partners Group and South African based Convergence Partners to provide...
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August 3, 2018
Sokotra Capital acquires 100% of North African fish-farm L’Aquaculture Tunisienne
Sokotra Capital, a Dubai based private equity company and its investor consortium has acquired fish farm L’Aquaculture Tunisienne. The company...
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July 24, 2018
ZAR X, 4 Africa Exchange (4AX), A2X Markets. Why are the new South African exchanges getting it wrong?
The arrival of ZAR X, 4 Africa Exchange (4AX), A2X Markets and Equity Express Securities Exchange (EESE) has not yet...
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July 24, 2018
Africa.com acquires iAfrica to expand its media business
Africa.com has acquired iAfrica from Primedia and MTN. The media business known as iAfrica was founded in the late 1990s...
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July 24, 2018
ASO Capital places its bets on the courier based business of SkyNet South Africa
ASO Capital is currently working with a courier parcel business known as SkyNet South Africa in a share acquisition...
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July 24, 2018
Scan Logistics buys 55% of Mali based Macca Logistics
Scan Global Logistics has acquired 55% of Mali based Macca Logistics together with the operational offices in the ports of...
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July 24, 2018
TPG Growth acquires 34% of the Wilderness Holdings Botswana
TPG Growth, a $2.1 billion impact investment fund has decided to acquire a minority share in the Wilderness Holdings, a...
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July 24, 2018
Apollo Agriculture based in Kenya raises $500K in new funding
Apollo Agriculture (Kenya) has been provided with funding of $500,000 by the Dutch development funder FMO and Rabobank. The company...
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July 13, 2018
Cap Tamarin Mauritius gets funding from South Africa’s Vantage Capital
Cap Tamarin, a Mauritius real-estate, hospitality, education and agricultural company has been provided with $10 million in mezzanine funding from...
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July 13, 2018
Kenya leads in tech funding value in Africa
A recent WeeTracker media report on African tech indicated that from January-June 2018, Kenyan startups got the bulk of investment...
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July 13, 2018
AgDevCo invests $2.3 million in Saise Farming Enterprises (Zambia)
AgDevCo has invested $2.3 million in Saise Farming Enterprises Limited which is a seed potato processing company in Zambia. Saise...
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July 9, 2018
The IFC buys some equity in Twigga Foods (Kenya)
The International Finance Corporation (IFC) has decided to buy equity for $3 million in Twigga Foods which is a food...
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July 9, 2018
Microtraction invests in tech-based saving platform, CowryWise (Nigeria)
Microtraction has invested in CowryWise, a company which provides a platform for personalised financial services with a high interest rate...
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June 28, 2018
Medhold Group offloads 50% of its shares to Old Mutual Private Equity
Old Mutual Private Equity based in South Africa has acquired a 50% stake in Medhold Group which is an end-to-end...
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June 24, 2018
Private Credit is the next frontier in the South African private equity sector
South Africa has managed to create the largest private equity eco-system in the African continent and this alternative investment market...
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June 22, 2018
Randvest Capital acquires MyCybercare (South Africa)
Randvest Capital has acquired an insuretech company (MyCybercare) that is focused on providing insurance cover for cyber-attacks on individuals and...
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June 22, 2018
Vox Telecoms shareholders are selling their stake for R3 billion
Vox Telecoms shareholders (Rand Merchant Bank and Investec) have decided to sell their stake for R3 billion to interested investors....
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June 22, 2018
Adapt IT acquires LGR Telecommunications for R74 million
Adapt IT has acquired LGR Telecommunications and its subsidiaries for R74m, a transaction that is expected to diversify the group’s...
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June 12, 2018
Approved working capital funding of $1.2m to Questworks Kenya
A renewable energy company known as Questworks has sourced working capital debt funding of $1.2m from SunFunder. The funding will...
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June 12, 2018
Williamsville Sears Management in talks to acquire 70% of Turner Wright Nigeria
Williamsville Sears Management intends to acquire 70% of Turner Wright, a pharmaceutical firm based in Nigeria. Turner Wright manufactures and...
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June 12, 2018
IFC invests $60 million in the Bank of Africa Group
The IFC has decided to invest $60m to support the Bank of Africa Group to lend to small and medium...
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June 6, 2018
Williamsville Sears Management in talks to acquire 100% of Ghana based True Life Capital Microfinance
Williamsville Sears Management has indicated its intention to acquire 100% of Ghana based True Life Capital Microfinance Limited, subject to...
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June 6, 2018
Family-backed private capital invests in Higher Ed Partners South Africa
One Thousand & One Voices, a private family capital fund backed by families from around the world, has invested in...
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June 6, 2018
Entlaqa Egypt raises $300,000 from Saudi investors
A software company known as Entlaqa based in in Egypt has sold 30% of its equity for $300,000 to Saudi...
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June 6, 2018
Piggybank Nigeria raises $1 million in venture capital funding
Piggybank.ng, a Nigerian online and mobile app savings platform has raised $1m from a consortium of investors led by LeadPath...
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June 6, 2018
I&M Bank receives financing of $10 million
A subsidiary of I&M Bank received $10 million from the International Finance Corporation which will be used to assist small...
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May 25, 2018
How can African companies be supported through Trade Finance?
It is a known fact that trade finance is a difficult product to use in Africa as investors and banks...
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May 25, 2018
Sensor Networks raises $1.2 million equity in South Africa
South Africa’s Sensor Networks has raised $1.2 million from Sanari Capital for the expansion of its services. Sensor Networks is...
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May 25, 2018
Funguo Investments buys 51% of FeastFoods for $10m
Funguo Investments has acquired 51% of Feastfoods Processors Ltd (“FeastFoods”) for $10 million. FeastFoods is a producer of mango, pineapple...
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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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