Investment manager Amethis appoints 2 new partners in the firm bringing the number to 6

AFRICA – Amethis, an investment fund manager dedicated to the African continent, has announced the appointment of two new Partners, Khady Koné-Dicoh and Jean-Thomas Lopez, bringing the number of Partners in the firm to six. Khady and Jean-Thomas, who joined the firm in 2013 and 2012, have been instrumental in the creation and development of Amethis over the past decade. “Together with their fellow partners and the whole Amethis team, they will take an even more important role in our ambitious projects for the coming years, always serving our community…

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Naivas set to bag US$15m for sale of its minority stake to IFC, Amethis, DEG and MCB Equity Fund

KENYA – Kenyan retail chain Naivas supermarkets is set to receive US$15 million for the sale of its minority stake to IFC, a member of the World Bank Group alongside French private equity fund Amethis Finance, DEG and MCB Equity Fund. “IFC seeks to make an equity investment alongside Amethis which will result in a minority stake in the company,” IFC said in a disclosure. The new capital injection is earmarked for expansion in the highly competitive local supermarket business that has attracted major players across the globe. “Through the…

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Amethis acquires stake in Mauritius Veranda Leisure and Hospitality Hotel

MAURITIUS – Amethis, an investment fund manager dedicated to the African continent, acquires a stake in Veranda Leisure and Hospitality (VLH), the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius. VLH is a Mauritius-based hotel and leisure company that focuses on hotels in the upscale and mid-range segments operating under Heritage Resorts and Veranda Resorts. Amethis’ investment will be mainly devoted to the projects of VLH as well as those of its leisure subsidiary, Island Living. These projects include the development of the Bel…

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