private equity

Dutch PE fund Oiko acquires stake in Credit Bank for US$10m

August 31, 2019

KENYA – Oiko Credit, a Dutch Private Equity Fund has acquired 28.8% shareholing in Credit Bank for US$10 million. Oiko Credit Portfolio Director Africa Robert Kagiri said that Credit Bank has a strong SME customer links and financial inclusion and therefore is a good fit for Oiko, reports Business Daily. “By enabling Credit Bank to […]

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Australian impact investor plans US$40m investment fund in Africa

August 31, 2019

AFRICA – Palladium, an Australian based advisory and management group, has rolled out a new impact fund that is expected to raise US$40 million for investment in agribusinesses across Africa. According to the firm, the Palladium Impact Fund I marks its first fund following two recent successful direct investments. It aims to make its first […]

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Sterling Capital acquires 20pc stake in Kenyan PE firm Afvest

July 10, 2019

KENYA – Sterling Capital Limited, a Kenyan based investment bank, has reached a deal to acquire a 20 percent stake in emerging markets private equity (PE) firm, Afvest, for an undisclosed value. The investment bank said in a statement that the deal with Afvest was in line with a strategy to position itself “alongside a […]

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Private equity fund unveils US$9.19m to support agribusinesses in Uganda

July 6, 2019

UGANDA – The Yield Uganda Investment Fund, an European Union (EU) backed agribusiness impact fund has injected US$9.19 million (UGX34bn) into Uganda’s agribusiness sector. The new financing follows the joining of Soros Economic Development Fund, part of Open Society Foundation (OSF) and FCA Investment (FCAI) into the investment fund. The Fund was established in January […]

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IFC invests US$50m in private equity firm Helios fund

May 9, 2019

KENYA – The International Finance Corporation (IFC) is set to invest US$50 million (Sh5 billion) in private equity firm Helios Investment Partners which is raising funds for new investments across Africa. Private Equity (PE) firms typically raise funds for investments which they hold for five to seven years, after which they sell their stakes and […]

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AfDB approves US$14.05m investment in Adiwale Fund 1 targeting Francophone West Africa

April 1, 2019

WEST AFRICA – The Board of the African Development Bank (AfDB) has approved a €12.5 million equity investment in Adiwale Fund 1 targeting high growth potential Small and Medium Sized Enterprises (SMEs) in French speaking West African countries. With a target fund size of US$84.3 million, the first-generation private equity fund will take minority stakes in […]

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AfDB approves US$20m investment in Uhuru Growth Fund to promote growth across West Africa

April 1, 2019

WEST AFRICA – The African Development Bank (AfDB) has approved a US$20 million equity investment in Uhuru Growth Fund 1 that focuses on on high growth middle-market businesses across West Africa. Uhuru Growth Fund 1 is a first-generation fund sponsored by the private equity firm Uhuru Partners Limited. The equity firm is composed of an […]

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Private equity firm ECP buys majority stake in Kenya’s Artcaffe

December 21, 2018

KENYA (Reuters)– Africa-focussed private equity firm Emerging Capital Partners has acquired a majority stake in Kenyan restaurant chain Artcaffe Group, the latest sign of growing international private equity investor interest in East Africa.  The move comes after ECP’s stake sale last year in Kenyan casual dining and coffee chain Java House, which also has operations […]

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ECP raises over US$640mn and closes fourth Pan-African Fund

December 18, 2018

MAURITIUS — Private equity fund ECP has announced the final close of its fourth Pan-African fund, ECP Africa Fund IV (AFIV), raising US$640 million, in what it bills as the largest private equity fund for African investment since September 2016. Domiciled in Mauritius, AFIV and its related co-investments, the round attracted a broad range of investors based […]

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AfricInvest closes US$222 million northern Africa funding campaign

December 15, 2018

MOROCCO– AfricInvest, a leading pan-African mid-cap-focused private equity firm, has announced the final close of its North African Fund, Maghreb Private Equity IV (“MPEF IV”).  MPEF IV is a 10-year fund managed by AfricInvest that will invest in small and medium enterprises in North Africa including Algeria, Egypt, Morocco, and Tunisia, looking to take substantial […]

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