Member News
23 July 2024
Adenia Partners invests in pan-African growth with acquisition of Air Liquide subsidiaries
Adenia Partners “Adenia” has completed the acquisition of Air Liquide's operations in 12 African countries, giving birth to Erium, the first pan-African leader in industrial and medical gases.
More
Member News
21 July 2024
Sango Capital acquires majority stake in Synergy Private Equity Fund
Sango Capital has acquired a majority of the Limited Partner (“LP”) interests in Synergy Private Equity L.P. (“the Fund”). Synergy Managers (Mauritius) Limited will continue as the General Partner (“GP”) of the Fund, whilst Sango will support the GP in value creation- and liquidity initiatives.
More
Member News
18 July 2024
Aruwa Capital invests in hibiscus processing to support women farmers
Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, is pleased to announce an additional investment into AgroEknor International (“AgroEknor”or the “Company”), a fast-growing hibiscus flower exporter and wellness brand.
More
Member News
10 July 2024
FMO invests US$10mln to support African enterprises
To further empower African enterprises, FMO announced that it will support its long-time partner, the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) through a USD 10 mln investment. FMO is putting in an extra USD 10 million into B-shares, showing its strong commitment since 2010. This new funding will help REGMIFA grow its portfolio across Sub-Saharan Africa, offering crucial financial support to micro, small, and medium-sized businesses, as well as low- and middle-income households through selected financial institutions.
More
Member News
10 July 2024
Sanari Capital invests R80mn to expand affordable quality education in South Africa
Sanari Capital, a private equity firm that invests in medium-sized and mid-market growth companies emanating from Africa, has announced a R80 million follow-on investment in EduLife Group. The investment will allow EduLife Group to further entrench their schools in existing regions and expand into other provinces.
More
Member News
10 July 2024
BII invests $20mn to reduce Africa's remittance costs 
Remittance costs for Africa are the highest globally. Reducing remittance costs is critical to increasing capital flow into Africa and building financial resilience. BII’s investment will support an increased volume of remittance transactions into Africa, by pre-funding over $1 billion worth of transactions per year.
More
Member News
4 July 2024
Swedfund invests €30mn in urban resilience fund  
Swedfund has invested EUR 30 million in The Urban Resilience Fund (TURF), managed by Meridiam, to address the pressing challenges of climate change and urbanisation in Africa, primarily in Sub-Saharan Africa.
More
Member News
2 July 2024
Renew Capital invests in South African agricultural financing startup
Africa’s agricultural sector plays a significant role in the continent's economy, contributing about 35% to the GDP and supporting the livelihoods of nearly half of Africa's 1.4 billion population. Despite its immense potential, agriculture faces a funding gap hindering its growth. Pumpkn, a South African startup, is actively addressing this challenge by offering and facilitating financial support for agribusinesses.
More
Member News
1 July 2024
Convergence Partners acquires Datacentrix
On 17 January 2024, Datacentrix announced that Convergence Partners, through its Convergence Partners Digital Infrastructure Fund (“CPDIF”), alongside the existing Datacentrix management team, entered into a definitive agreement with Alviva Holdings (Pty) Ltd to acquire 100% of Datacentrix. The agreement was subject to the fulfilment of conditions and regulatory approval. Datacentrix is pleased to announce that all conditions precedent have been met. The Competition Commission and Independent Communications Authority of South Africa have unconditionally approved the transaction.
More
Member News
1 July 2024
IFC appoints Martine Valcin as Country Manager for Rwanda, Tanzania, and Uganda
IFC today announced the appointment of Martine Valcin as its new Country Manager for Rwanda, Tanzania and Uganda. With more than 25 years of experience in corporate and sustainable finance, ESG, and capital markets, Valcin will lead IFC's efforts in the three countries to drive private sector development and deliver sustainable and inclusive economic growth.
More
Member News
25 June 2024
BII commits $75mn to boost MSME climate financing in Africa
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $75 million to the second Green Basket Bond arranged by Symbiotics Investments, a leading emerging markets access platform and financial lender. The green lending programme will increase financing to small-scale green projects across Africa, South and South-East Asia through MSME lenders, with a particular focus on India. It will support new MSME lenders not included in the first Green Basket Bond.
More
Member News
18 June 2024
BII commits up to US$25m for Meridiam's Rift Valley Energy projects in Tanzania
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, today signed an agreement to provide $15m with the potential to increase this to $25m, to renewable energy platform Rift Valley Energy (RVE), owned and managed by Meridiam. The funding will support part of RVE's ambitious investment and development plan for future renewable energy projects in Tanzania.
More
Member News
13 June 2024
Oikocredit partners with AfricInvest Private Credit to boost SME Growth across Africa
Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million (€ 9.3 million) to AfricInvest Private Credit (APC) to augment support for small and medium enterprises (SMEs) throughout Africa.
More
Member News
11 June 2024
AfricInvest acquires stake in East African banking group from BII
AfricInvest, a leading Pan-African Asset Management platform, has acquired a 10.1 per cent stake in I&M Group PLC (‘I&M’), the Eastern African banking group, from British International Investment (‘BII'), the UK’s development finance institution and impact investor. The acquisition was made through East Africa Growth Holding, a special purpose vehicle entirely controlled and formed by AfricInvest.
More
Member News
11 June 2024
Admaius Capital Partners acquires leading certified reference materials manufacturer
Admaius Capital Partners (“Admaius”), an Africa focussed private equity investor operating across several growth markets, today announced the acquisition of The Particle Group (“TPG” or “the Company”), one of the world’s leading manufacturers of Certified Ref- erence Materials (“CRM”) for the metals and mining industries.
More
Member News
11 June 2024
Renew Capital invests in African beauty industry innovator
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential such as Zuri (myZuri.com), a tech-enabled beauty company that seeks to transform the African beauty industry with high-end, beauty products designed by Africans.
More
Member News
10 June 2024
IFC co-partners to expand access to quality healthcare in Africa
IFC and Lenmed Hospital Group (Lenmed) today announced a partnership to increase access to quality healthcare, especially in underserved communities, in South Africa, Botswana, Ghana, and Mozambique.
More
Member News
2 June 2024
Janngo Capital and FMO co-invest in Moroccan agritech startup
YoLa Fresh, a Moroccan agritech startup building a transparent and sustainable fresh food supply network, today announced it has secured a $7 million pre-Series A funding round. The round was led by Al Mada Ventures with participation from Algebra Ventures, E3 Capital, Janngo Capital, and FMO, the Dutch entrepreneurial development Bank.
More
Member News
31 May 2024
P1 Ventures and Ventures Platform invest in Nigerian-based financial services company Brass
Nigeria-based financial services company Brass has been acquired by an investment group led by Paystack, with participation from PiggyVest, Ventures Platform, P1 Ventures, and angel investors Oo Nwoye and Olumide Soyombo.
More
Member News
29 May 2024
EIB Global invests €25mn in Amethis Fund III
The European Investment Bank’s EIB Global arm has invested €25 million in Amethis Fund III, a pan-African fund providing private equity growth capital to medium-sized companies on the continent.
More
Member News
29 May 2024
Janngo Capital leads €4.3mn investment in mobile marketing platform
Janngo Capital's involvement in LAfricaMobile's €4.3 million Series A fundraising round highlights its commitment to investing in companies that leverage technology to enhance communication and marketing capabilities for African businesses.
More
Member News
28 May 2024
BII invests US$30mn to support African telecom infrastructure expansion
BII is providing $30mn anchor commitment, alongside other anchor investors including IFC, DEG and the Emerging Africa Infrastructure Fund. The funding will help the independent telecom infrastructure company refinance its existing debt and support its business which serves more than 144 million people on the continent.
More
Member News
22 May 2024
Injaro acquires stake in leading Ghanaian out-of-home advertising firm
Injaro Investment Advisors, a Ghanaian private capital fund manager, is delighted to announce the acquisition by its fund, Injaro Ghana Venture Capital Fund (IGVCF) of Outdoor Holding Limited (OHL), which controls a majority stake in DDP Outdoor Ltd (‘DDP’). Financial terms of the transaction were not disclosed.
More
Member News
21 May 2024
Admaius Capital Partners invests in Senegalese medical school
Admaius Capital Partners (“Admaius”), an Africa-focused private equity investor, today announced the acquisition of 100% of St. Christopher Iba Mar Diop College of Medicine. The medical school, widely-known as ‘St. Christopher’, was founded in 2003 and is based in Dakar, Senegal.
More
Member News
20 May 2024
IFC invests US$45mn to expand Tanzanian glass manufacturer
IFC is supporting the expansion of Tanzanian glass manufacturer Kioo to meet increasing domestic and regional demand for glass bottles and containers, the two entities announced today. The project will create thousands of jobs and contribute to economic growth in Tanzania.
More
Member News
17 May 2024
IFC co-invests US$210mn to expand biofuel production in Kenya
IFC and the Italian Climate Fund today announced a $210 million investment in Eni S.p.A.'s Kenya subsidiary to expand the production and processing of advanced biofuels, supporting the decarbonization of the global transport industry and the livelihoods of up to 200,000 small-scale Kenyan oilseed farmers.
More
Member News
15 May 2024
Alterra Capital leads acquisition of chill beverages with AAA Fund
Alterra Capital Partners has partnered with Mineworkers Investment Company (“MIC”) and Admaius Capital Partners, together the (“Alterra Consortium”), to acquire a majority stake in Chill Beverages (“Chill”) from Old Mutual Private Equity. This acquisition marks the first investment by Alterra’s Africa Accelerator Fund (“AAA Fund”) and demonstrates the Alterra Consortium’s commitment to support African companies in their growth journeys.
More
Member News
14 May 2024
IFC invests US$150mn in economic development projects across Africa
IFC announced a $150 million commitment to four investment and advisory projects that will support economic development in Egypt and other parts of Africa in key sectors including healthcare, trade, and finance.
More
Member News
9 May 2024
Admaius backs Rwandese telecommunications operator and developer
Admaius Capital Partners (“Admaius”), an Africa focused private equity investor operating across several growth markets, today announced its majority equity investment into TRES Infrastructure Limited (“TRES” or “the Company”), the only local licensed tower owner, operator, and developer of shared telecommunications infrastructure in Rwanda.
More
Member News
8 May 2024
P1 Ventures backs Egypt-based company
P1 Ventures' investment in MNZL's $3.5 million funding round highlights its dedication to supporting innovative ventures that use technology to meet essential financial needs and promote economic growth. MNZL, a pioneering fintech startup, aims to revolutionize the lending landscape in Egypt and the MEA region.
More
Member News
7 May 2024
Ascent Rift Valley Fund II invests in leading East African packaging solutions provider
In a strategic move to bolster growth and expand its market presence, Dune Packaging Ltd, a leading packaging solutions provider in East Africa has announced a significant minority equity investment in its business by Ascent Rift Valley Fund II (“Ascent”), the premier SME focused Private Equity Fund in East Africa (the “Transaction”).
More
Member News
29 April 2024
FMO invests US$10mn in Africa focused VC Fund
FMO, the Dutch entrepreneurial development bank, has committed $10 million to TLcom’s second Africa-focused VC fund, TIDE Africa II, which announced its final close at $154 million on 22 April 2024. In addition to FMO, which is investing through the FMO Ventures Program, other LPs include the European Investment Bank, AfricaGrow, Visa Foundation and Bertelsmann.
More
Member News
25 April 2024
Standard Bank invests in climate infrastructure-focused fund
Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa.
More
Member News
23 April 2024
Renew Capital in Kenyana B2B platform
Renew Capital recently made an investment in the B2B platform Farm to Feed, which targets unused produce, enhancing sustainability and farmer livelihoods
More
Member News
18 April 2024
TLG provides US$3mn facility to ethical debt collection
TLG Capital, a leading pan-African alternative asset manager, has forged a strategic partnership with BFREE, a pioneering ethical debt collection startup based in Nigeria. With a $3m facility, TLG will empower BFREE to spearhead a transformative shift in ethical loan collection services across the continent.
More
Member News
15 April 2024
Renew Capital investments in Mozambican fintech platform
Renew Capital's recent investment in Mozambican fintech platform Roscas highlights its commitment to empowering underserved communities and enhancing financial accessibility. By backing ventures like Roscas, Renew Capital aims to nurture economic resilience and expand the reach of essential financial services across sub-Saharan Africa.
More
Member News
10 April 2024
Injaro invests €2mn in West African packaging leader
Injaro Investment Advisors, a Ghanaian private capital fund manager, is excited to announce a EUR 2M equity investment in Nouvelle Mici Embaci (“NME”), one of the leading packaging companies in Côte d'Ivoire and Francophone West Africa. This marks the second investment made by the Injaro Ghana Venture Capital Fund (“IGVCF” or the “Fund”), and the Fund’s first investment in Côte d'Ivoire.
More
Member News
9 April 2024
Renew Capital invests in Ghana for financial inclusion
Renew Capital has made an investment in Ghana's Affinity, a full-scale digital bank that was established with a vision to provide banking services to 350 million adults who remain unbanked in Africa.
More
Member News
8 April 2024
Africa50, Injaro, and Verdant invest in fintech expansion in Africa
The investment was led by Africa50 and Oikocredit, with participation from Injaro Ghana Venture Capital Fund (IGVCF) and Verdant Capital Hybrid Fund. The transaction also included a follow-on investment from Investisseurs & Partenaires (I&P), through its I&P Afrique Entrepreneurs II (IPAE 2) investment vehicle. The investment will support the expansion of Zeepay’s cross-border remittances and mobile financial services businesses across Africa and the Caribbean.
More
Member News
28 March 2024
Open Society invests US$25mn to boost global climate projects
The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, is committing $25 million to Allied Climate Partners (ACP)—a new and innovative public-private partnership focused on increasing the number of bankable climate projects in emerging markets and developing economies around the world.
More
Member News
22 March 2024
AfDB, BII, DEG, FMO, IFC and others invest in fertilizer production in Nigeria
IFC today announced a $1.25 billion financing package alongside partners to Indorama Eleme Fertilizer and Chemicals Limited in Nigeria. The investment will allow Indorama to ramp up its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while fostering job creation in Nigeria.
More
Member News
20 March 2024
IFC partners in US$5mn investment to boost African startup ecosystem
To bolster the startup ecosystem in Africa, IFC today announced a $5 million equity investment in P1 Ventures, a pan-African venture capital fund focused on pre-seed and seed stage investments in fintech, health, e-commerce marketplaces, and software.
More
Member News
19 March 2024
Admauis Capital Partners invests in Egyptian healthcare and wellness company
Admaius Capital Partners (“Admaius”) (www.Admaius.com), an Africa focussed private equity investor operating across several growth markets, today announced a strategic partnership with Parkville Holding Company B.V. (“Parkville” or the ‘Company’), a leading healthcare and wellness company in Egypt operating across several high-growth sub-segments.
More
Member News
19 March 2024
AfricInvest in $100mn series B global mobility fintech deal
AfricInvest recently participated in Moove's $100 million Series B funding round, which included contributions from Uber and Mubadala, valuing Moove at $750 million. This investment reflects AfricInvest's commitment to supporting transformative ventures that enhance financial inclusion and mobility solutions.
More
Member News
11 March 2024
Aruwa Capital Management co-leads US$3mn investment in diagnostics service provider
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, is pleased to announce a $1.5 million investment into MDaaS Global (“MDaaS” or the “Company”), a modern, tech-enabled healthcare company enabling clinically underserved communities, access to quality and affordable healthcare and diagnostic services across Africa. The round was co-led by Aruwa Capital Management and Newtown Partners, an existing investor along with participation from Ventures Platform.
More
Member News
8 March 2024
Bpifrance co-invests in global technology investment firm
Mubadala Investment Company (“Mubadala”), an Abu Dhabi-based global sovereign investor, and Bpifrance, the French public investment bank, today announced a joint investment in global technology investment firm Partech's latest Africa-focused venture capital fund, Partech Africa II.
More
Member News
4 March 2024
IFC invests US$5mn to support trade development in Guinea
To help boost trade in Guinea amidst local and global challenges, IFC announced a trade finance facility of up to $5 million for Coris Bank International Guinea (CBI Guinea).
More
Member News
28 February 2024
DEG's €1.9bn investment drives sustainable development impact
Deutsche Investitions- und Entwicklungsgesellschaft mbH ("DEG"), continued to forge ahead in 2023 despite a still challenging environment: It committed a new record volume of EUR 1.9 billion for private investments in developing and emerging countries (2022: EUR 1.6 billion). DEG mobilised a further EUR 613 million from other investors, significantly more than in the previous year (2022: EUR 487 million). The DEG portfolio grew to EUR 10.3 billion.
More
Member News
21 February 2024
Verod invests in West Africa's top fitness chain
Verod, a leading prominent African investment management firm specialising in private equity and venture capital, has invested in i-Fitness, West Africa’s largest and fastest-growing fitness chain. This investment is the most recent investment from the Verod Capital Growth Fund III, marking the sixth addition to the fund’s portfolio.
More
Member News
21 February 2024
AFC investment in AMCE Nigeria
Africa Finance Corporation (AFC), the continent's leading instrumental infrastructure solutions provider, today signed an equity investment term sheet, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital. The visionary 500-bed medical health facility is currently being developed by Africa Export-Import Bank (Afreximbank), the leading trade finance bank for Africa, in partnership with King’s College Hospital, London (KCH). The agreement was signed at the inaugural AMCE African Health Forum in Abuja.
More
Member News
15 February 2024
UBS Optimus Foundation and SEDF invests US$20mn in East Africa oxygen project
Hewatele, a medical oxygen producer in Kenya, has secured a 20 million USD funding package from Finnfund, DFC (the U.S. International Development Finance Corporation), SEDF (Soros Economic Development Fund), UBS Optimus Foundation and Grand Challenges Canada. Hewatele will use the debt and equity funds raised to finance the building of a liquid oxygen(LOX) manufacturing facility some 20kms in the outskirts of City of Nairobi, together with regional distribution capacity at key strategic regions within Kenya, while also doubling its existing capacity at hospital-based sites to produce and distribute medical oxygen using pressurized gas cylinders (GOX).
More
Member News
12 February 2024
Amethis invests in North African data management consultancy firm
Amethis completes a minority investment in BBI, the leading data management consultancy firm in the MENA region.
More
Member News
12 February 2024
Swedfund's investment fuels financial inclusion in West Africa
Swedfund invests USD 5 million in a loan to Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African group active in five industries, across twelve countries. The investment is directed towards Bridge Bank Microfinance to strengthen financing for micro, small and medium sized enterprises (MSMEs) and is expected to enhance financial empowerment of women in Côte D'Ivoire.
More
Member News
7 February 2024
EIB invests €115mn in MEDZ for Moroccan technology park expansion
The EIB is providing €115 million (approximately MAD 1.3 billion) to MEDZ, a wholly owned regional development subsidiary of CDG Group, to expand and modernise ten technology parks strategically located in five Moroccan regions. This financing reaffirms EIB cooperation with CDG Group.
More
Member News
5 February 2024
Old Mutual announces investment in Afropulse Group
Old Mutual Alternative Investments (OMAI), through its Hybrid Equity capability, a specialist in innovative financial solutions, today announced a transformative R125 million preference share facility to Afropulse Group, a wholly black women-owned investment holding company, to restructure its funding, which is backed by an equity interest in Imperial Logistics South Africa, one of the country’s largest logistics firms.
More
Member News
1 February 2024
Avanz Capital takes stake in Egyptian-based Bosta
Avanz Capital Egypt (ACE), the Egyptian private capital arm of Avanz Capital Management, and the General Partner of Avanz Manara for Private Equity (Avanz Manara) announced the investment in Bosta through Avanz Manara alongside other reputable institutional private capital firms. This investment aligns with the Avanz Manara mandate of supporting the growth of small and medium enterprises (SMEs) in Egypt by making direct co-investments in SMEs or investing in SME focused private equity and venture capital funds.
More
Member News
30 January 2024
Swedfund Invests in SME growth in francophone Africa
Sweden’s Development Finance Institution, invested 15 MEUR Joliba Capital Fund I. The investment will enable growth of small and medium sized companies which are key for private sector growth and job creation in the least developed regions of Francophone Africa.
More
Member News
25 January 2024
Renew Capital invests in Sawa Energy
Renew Capital has invested in Sawa Energy, a pioneering company in East Africa focused on democratizing access to solar power for small and medium-sized enterprises. By eliminating upfront costs and operational fees, Sawa Energy aims to revolutionize the energy landscape in Rwanda and Uganda.
More
Member News
25 January 2024
FMO invests US$10mn in clean energy distribution in Africa
FMO, the Dutch Entrepreneurial Development Bank, has provided climate fintech platform Nithio with a USD 10 mln in funding for its investment vehicle, FAIR: the Facility for Adaptation, Inclusion, and Resilience. FAIR provides financing to companies offering clean energy solutions to households and small enterprises in Africa.
More
Member News
23 January 2024
IFC invests in Sonatel's securitization for Senegal connectivity
To help expand reliable 4G coverage in Senegal, especially to rural and underserved parts of the country, IFC today announced anchor investments in two bonds issued by a securitization vehicle of Sonatel, a leading mobile network operator in West Africa.
More
Member News
22 January 2024
British International Investment invests in Ghana's eSAL expansion
Growth Investment Partners (GIP) Ghana, a platform created by British International Investment (BII), the UK’s development finance institution and impact investor, today announced its first investment in Ghanaian Business Process Outsourcing (BPO) company E-Services Africa Limited (eSAL). The investment will support eSAL’s growth and its global delivery of cost-effective and high-quality outsourcing solutions for businesses.
More
Member News
12 January 2024
IFC invests US$30mn in AIIM Fund
To boost essential infrastructure development in countries across Africa, IFC announced a $30 million equity investment in the Africa Infrastructure Investment Fund 4 Partnership (AIIF4).
More
Member News
11 January 2024
British International Investment commits US$40mn to Apis Growth Markets Fund III
British International Investment ("BII"), the UK’s development finance institution and impact investor, today underlined its support for fintech entrepreneurs with a $40 million commitment to a new Apis fund – the Apis Growth Markets Fund III (“Apis III”). Apis Partners LLP (“Apis”) is a UK-based private equity firm investing exclusively in high-growth, capital-light, tech-enabled financial services businesses globally.
More
Member News
10 January 2024
EIB invests US$30mn in Seedstars Africa Ventures
Innovative businesses and start-ups across Africa will benefit from better access to risk capital thanks to a US$30 million equity investment by EIB Global in the Seedstars Africa Ventures I venture capital fund. Increased access to capital will allow companies to grow, creating skilled jobs and improving products and services for businesses and consumers.
More
Member News
9 January 2024
Africa50 reaches first close with US$222.5mn
Africa50 Group, the pan-African infrastructure investment platform announced today the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023 - securing $222.5 million in commitments.
More
Member News
8 January 2024
Norfund partners to provide financing for power transmission and distribution
Norfund has partnered with Affirma Capital and KLP to provide financing for CEC, an independent power transmission and distribution company in Zambia.
More
Member News
8 January 2024
IFC commits €300m loan for renewable energy expansion.
The International Finance Corporation (IFC) announced today a green and sustainability-linked loan (SLL) of €300 million (equivalent to $329 million) to Iberdrola. IFC's loan will finance renewable energy projects in emerging markets, including a number of countries that currently rely heavily on coal, such as Morocco, Poland, and Vietnam. IFC has already committed a first tranche of €170 million, which will finance onshore wind projects in Poland.
More
Member News
2 January 2024
EIB commits €400mn in renewable energy transition
The European Investment Bank (EIB) has committed €400 million to support a significant new investment for MYTILINEOS Energy and Metals (MYTILINEOS), which will accelerate renewable energy production across Greece and other EU states.
More