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...

Investment fund: I & P launches IPAE 2 closing

By Abdoulaye Sow Investors & Partners (I & P) completed the intermediate closing of I & P Afrique Entrepreneurs 2 (IPAE 2), thus reaching a...

South Africa: Agri-Life Fund acquires 36.5% stake in Jumbo Brands

Agri-Vie Fund II has acquired a 36.5% stake in Jumbo Brands, an agribusiness firm in South Africa. Indeed, the investment fund is supported in this...

The I & P Afrique Entrepreneurs 1 Fund makes two outings

The I & P Afrique Entrepreneurs 1 (IPAE 1) fund, launched by Investisseurs & Partenaires in 2012, is now completing two new outings: the...

Ivory Coast: EDF acquires a stake in Conergies-Group

The French group EDF strengthens its presence in Africa with the acquisition of 49% stake in Conergies-group, a leader in integrated energy efficiency services...