Ghana: Oasis Capital acquires a stake in appsNmobile Solutions

Oasis Capital, a fund manager dedicated to SME finance, has invested USD 1 million in appsNmobile Solutions, a payment service provider in Ghana. The...

Afrique du sud: Ata Capital takes a stake in Acrux Sorting Technology

Investment fund manager Ata Capital has acquired a 33.3% stake in the capital of South African company Acrux Sorting Technology (Pty) Ltd, which specializes...

Adenia acquires East Africa’s leading life sciences distributor

NAIROBI, Kenya, 1 June 2021  – Adenia Partners, a private equity firm investing in Africa, today announced it has completed the acquisition of Africa Biosystems...

EFG Hermes reports 30% Y-o-Y surge in top-line to EGP 1.3 billion on the...

The Group’s strong performance was driven by EFG Hermes’ robust results at its NBFI platform and Investment Bank (Cairo, Egypt) — EFG Hermes, the leading...

Kofo Sanusi appointed AVCA’s COO

The African Private Equity and Venture Capital Association (AVCA), which brings together private equity players in Africa, has announced the appointment of Kofo Sanusi...

WIC Capital and WE! Fund invest 243 million FCFA in MBURU for the promotion...

WIC Capital and WE! Fund, a fund of the Sovereign Fund of Strategic Investments (FONSIS) of Senegal and UNCDF (United Nations Capital Development Fund)...

Mediterrania Capital Partners’ portfolio company Akdital Holding owns Ain Borja, the Casablanca clinic that...

Valletta, Malta. Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries,...

AZA Finance Acquires Exchange4Free and Becomes Africa’s Largest Non-Bank FX Treasury Provider

AZA Finance's merger with South African fintech Exchange4Free aims to double the volume of annual transactions to more than $ 2.5 billion, and expand...

Adenia sells leading provider of power security solutions in Côte d’Ivoire to SPE Capital

ABIDJAN, Côte d’Ivoire, 29th April 2021 – Adenia, a private markets investment firm in Africa, today announced that it has finalized the sale of its 100%...

First Abu Dhabi Bank (FAB) acquires 100% of Bank Audi Egypt

After receiving the necessary regulatory approvals, First Abu Dhabi Bank (FAB), led by its CEO, Hana Al Rostamani, announced that it had initiated the...

Resilience, Resurgence and Results: AVCA’s Annual Private Equity Summit Returns

London, 20 April 2021 – Global and African dignitaries, institutional investors, fund managers and entrepreneurs opened the African Private Equity and Venture Capital Association's...

Africa-USA: the promises of David Marchick (DFC)

On the sidelines of the African Venture Capital Association (AVCA) conference, which opened on April 20, 2021 in virtual mode, David Marchick, chief operating...

Nigeria: TLG Capital and Fidelity Bank partner to support SMEs

Private equity firm TLG Capital announced on Tuesday, March 30, 2021, that it is partnering with Fidelity Bank to invest US $ 20 million...

African finance mourns the disappearance of Michel Abrogoua

Farewell Royal Kaïlcedrat of Ebrié Michel Abrogoua is no more. A pioneer of private equity in Africa, the Boss of Phoenix Capital Management SA (PCM)...
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