Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

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NIGERIA – Syntaxis Capital Africa, an independent fund manager for Sub-Saharan Africa has launched US$33.19 million private equity fund to bring financing to Small and Medium Enterprises (SMEs)in Nigeria and other selected African countries. The main goal of the funding is to…

The Carlyle Group invests US$40m in Nigeria’s online travel agency Wakanow

The Carlyle Group invests US$40m in Nigeria’s online travel agency Wakanow

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NIGERIA – The American alternative asset management and financial services corporation, The Carlyle Group has announced that it will invest US$40 million in one of West Africa’s largest online travel agencies, Wakanow.com. According to the private firm, the equity will come from…

VestedWorld invests in Rwandan health startup Kasha for Kenya debut

VestedWorld invests in Rwandan health startup Kasha for Kenya debut

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RWANDA – VestedWorld, an early-stage investor in businesses based in emerging markets has invested into Rwanda’s ecommerce startup specialized in women health and personal care products as it plans to enter Kenya. The transaction whose details remains undisclosed, will also enable the…

Kenya’s Cellulant sells 44.04% stake to US based investment firm

Kenya’s Cellulant sells 44.04% stake to US based investment firm

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KENYA – Kenyan digital payments platform, Cellulant has sold 44.04% to the US-based social impact investment firm, The Rise Fund, according to Competition Authority of Kenya (CAK) filings. The deal which was concluded in May last year, was valued at US$47.89 million…