June Industry News

01 June 2023


A collection of news across the African private equity and venture capital industry

Entersekt Acquires Nedbank Stake with Increased PAPE Investment

Entersekt, a financial authentication company, has announced that PAPE Fund Managers has expanded its investment in the company. Following an initial investment in July 2022, PAPE Fund 3 recently acquired Nedbank Private Equity’s equity stake in Entersekt, increasing its total investment and ownership stake.

Source: Africa Private Equity News

Eos Capital invests in commercial poultry farming business

Eos Capital has partnered with Africa Venture Partner Projects (AVPP) and Oyeno Poultry Industries (Oyeno Poultry) to invest in Kadila Poultry Farming (Kadila Poultry) through its Euphrates Agri Fund (Euphrates), the only private equity agriculture fund in Namibia. Kadila Poultry will construct a 6-house broiler farm between Windhoek and Okahandja with the capacity to produce 400 tons of poultry meat per month.

Source: EOS Capital

Khuwaylid Capital launches first Islamic impact investment fund in Francophone Africa

Khuwaylid Capital has announced the first close of the Khuwaylid Capital Fund 1, an Islamic impact investment fund in Francophone Africa. The fund, anchored by local investors, has a maximum target size of €8 million

Source: Africa Private Equity News

Pearl Capital Partners exit Ugandan vanilla processor and exporter.

Pearl Capital Partners, manager of the Yield Uganda Investment Fund, has announced the successful equity investment exit from Enimiro, a Ugandan vanilla processor and exporter.

Source: Africa Private Equity News

Phatisa and ES-KO invest in leading African facilities management group 

A consortium comprising Phatisa, ES-KO, and management (the “Consortium”), has acquired 100% of International Facilities Services (IFS) from Development Partners International (DPI) for an undisclosed sum. Established in 2000, IFS is a leading African integrated facilities management business, supporting blue-chip customers operating in remote sites. Having started its activities in South Africa, IFS has progressively expanded its footprint, servicing more than forty remote sites across six African countries including Mozambique, DRC and Zambia.

Source: Phatisa 

Spear Capital invests in Zimbabwean food producer

Private equity firm Spear Capital has announced an investment in Zimbabwean food producer Efoods.

Source: Africa Private Equity News


Zambian E-Commerce platform secures US$400k to revolutionise construction

Bosso, an e-commerce platform for building materials in Zambia, has announced a pre-seed funding round of $400,000, with participation from Launch Africa Ventures, Change-Com, Renew Capital, Leonard, and others.

Source: Africa Private Equity News