Verod Capital announces the acquisition of Metropolitan Life Nigeria
Private equity investor Verod Capital Management announced Wednesday (September 17th) that it has received the necessary regulatory approvals for the acquisition of the entire...
CNOOC acquires 55% of two exploration blocks in Guinea Bissau
China National Offshore Oil Corp. (CNOOC), has acquired 55, 55% stake in Australian group FAR Limited in the oil licenses of the two blocks...
Kenya: Sterling Capital acquires 20% of Afvest
Investment bank Sterling Capital, based in Kenya, announces the acquisition of a 20% stake in private equity firm Afvest. The amount of the transaction...
Investec acquires Spinneys Egypt from Abraaj Group
Investec Asset Management (IAM) announced on Sunday (July 14th) its first private equity investment in Egypt with the acquisition of the supermarket chain Spinneys...
Enko Education raises 1.4 million dollars in pre-Series B in record time
African international schools network Enko Education just announced the closing of a 1.4 million dollars funding round from a pool of private and institutional...
Kasada Capital Management targets the African hotel industry
Kasada Capital Management, a new investment platform dedicated to hospitality in sub-Saharan Africa, closed its first round of fundraising for Kasada Hospitality Fund LP...
Seedstars launches a pan-African venture fund to accompany its regional strategy
Seedstars is partnering with First Growth Ventures to launch Seedstars Africa Ventures, a sub-Saharan Africa fund targeting $100mn to make early-stage minority investments from USD 250,000 to USD 5 million in the...
Declining investment by private equity firms in one year
In a report released on March 16, 2019, the African Venture Capital and Venture Capital Association (AVCA) reports that private equity firms in Africa...
Infrastructure fund managed by Investec Asset Management injects $27 million into hydro project on...
The Emerging Africa Infrastructure Fund (EAIF) provided a USD 27 million loan to Kikagati Power Company, a Ugandan company specializing in the energy sector....
South Africa: $ 3.6 million Spartan SME Finance for African SMEs
Small businesses set up by Africans will receive 50 million rand, or about 3.6 million USD from Spartan SME Finance, a South African firm.
These...
Nigeria: Quantum Capital Partners Raises $ 5.5 Million for TeamApt
Nigerian company Quantum Capital Partners raised $ 5.5 million for TeamApt, a provider of payment solutions.
This funding will allow the development of new financial...
Outlierz Ventures Announces First Five Investments in Africa
Launched in February 2017, Outlierz Ventures, the Moroccan-based venture capital fund dedicated to African technology startups, announces the first five investments on the African...
South Africa: Standard Bank Acquires Liberty Holdings Insurance Platform
The South African Standard Bank Group Ltd bought the technology platform of the short-term insurance business of South African insurer Liberty Holdings for 145...
London investor announced at capital of International Facilities Services
Development Partners International (DPI), a London-based private equity firm, has launched its second fund called African Development Partners II for a $ 35 million...