Member News

Nairobi, Kenya: LeapFrog Investments, the pioneering Profit with Purpose investor, today announces its successful exit from Goodlife Pharmacy, East Africa’s largest retail pharmacy platform. The business has been acquired by CFAO Healthcare, a leading distributor of pharmaceutical and medical products in Africa.

Verod Capital Management Limited ("Verod") is pleased to announce the successful exit of Verod Capital Growth Fund II from TAG Investments EW Africa Limited ("TAG West Africa") with Transnational Academic Group Limited (existing shareholders) acquiring Verod’s stake. TAG West Africa owns and operates the Lancaster University Ghana campus in academic partnership with Lancaster University, UK.

As South Africa grapples with ongoing electricity shortages and a heavy reliance on aging coal-fired power plants, renewable energy remains critical to ensuring long-term energy security and economic stability. With a strong secondary market emerging for renewable energy assets, strategic investment and successful exits are becoming increasingly important in shaping the future of the country's energy landscape.

Global investment firm Carlyle (NASDAQ: CG) today announced it has agreed to sell Safety SA, a South African testing, inspection, certification and training (“TICT”) business, to Centre Testing International Group Co., Limited (“CTI”). The financial details of the transaction were not disclosed.

AfricInvest is pleased to announce its successful exit from AFG Holding, marking the culmination of a high-impact partnership that has significantly propelled the Group’s regional expansion and institutional transformation.

Abidjan, Côte d’Ivoire – Oasis Capital, an SME growth investor in West Africa, is proud to announce the exit of its investment in MANSA BANK Côte d’Ivoire, a fast-growing bank in Côte d’Ivoire. This exit marks the first full exit of Oasis in the Francophone market and the second of the Oasis Africa Fund I portfolio.

Master Plastics (Pty) Limited (“Master Plastics”) is proud to announce the next chapter in its growth journey, enabled by a strategic funding package comprising equity and structured debt support from Nedbank CIB (“Nedbank”) and Investec Investment Banking (“Investec”). This transaction was completed in partnership with Manley Diedloff (CEO of Master Plastics) and Metier Private Equity (“Metier”), an existing shareholder, and positions the business for further growth.

Paris, May 27, 2025 – AfricInvest Europe announces the exit of the Franco-African Fund from Mathevon, a leading French industrial company specializing in high-precision machining.

Cairo, Egypt – 27 May 2025 – MDP, a leading payments technology infrastructure group in the Middle East and Africa, is pleased to announce a new phase of growth following a strategic investment led by Lorax Capital Partners (“LCP”). The transaction marks the exit of long-time partner AfricInvest, whose support has been instrumental to the group’s expansion in recent years.

25-04-2025; Casablanca. Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan Africa, is pleased to announce the successful full exit of its investment in Akdital through the MC III fund. The investment has delivered exceptional financial returns and measurable impact outcomes.

Casablanca. Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce its successful exit from Dislog, a market leader in the manufacture and distribution of key fast-moving consumer goods (FMCG) in Morocco.

Alitheia Capital and Goodwell Investments are excited to announce the first exit of their joint uMunthu Fund: Baobab Nigeria, a financial institution creating meaningful impact in sub-Saharan Africa by providing inclusive banking services to individuals and MSMEs in underserved areas. More than 12 years after investing in Baobab Nigeria (first via their GWAMDC fund and later uMunthu), Alitheia and Goodwell have now exited the investment. This is not only a testament to the impressive growth and financial stability Baobab Nigeria has achieved with the support of these two investors, but it also proves the ability of patient capital to drive both financial and impactful returns.

In 2018, a consortium led by Amethis and its partners Proparco and Kibo Capital Partners made a strategic investment in Merec, a dominant player in flour milling and secondary processing in Mozambique, aiming to support the company in expanding its manufacturing facilities and its diversification into a regional FMCG group specializing in wheat-based products.