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Actis exits Rwanda bank BCR

Actis has sold its 80% stake in Banque Commerciale du Rwanda (BCR), a financial services provider based in Rwanda. x Actis  exited the stake to Kenya-based I&M Bank,  with the deal being financed...

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Norton Rose hires Mndolwa for Tanzania

Norton Rose has broadened its footprint in Africa with the appointment of partner Angela Mndolwa. Mndolwa joins Norton Rose’s newly created office in Tanzania. She was formerly at Clyde and Co in the...

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Carlye invests in ETG

Carlye has delivered its first deal from its Africa fund, backing a $210million investment into  a Tanzania-based agricultural company Export Trading Group (ETG). Standard Chartered Private Equity...

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Pearl notches 30% IRR on Africert exit

Pearl Capital Partners (PCP) has generated an internal rate of return (IRR) of 30%, and made 4x its money on its trade sale of Africert. The investor sold 36% of the Kenya-based company, a provider of...

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Catalyst buys Chai Bora from TransCentury

Catalyst Principal Partners has delivered its second deal, acquiring  a 95% stake in Tanzania-based tea manufacturer Chai Bora from TransCentury. The financial details have not been disclosed. The new...

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8 Miles set to seal first deal

8 Miles is expected to soon close its first deal, backing Ethiopia-based business services company, Eleni & Associates. The private equity investor is expected to join Morgan Stanley and the...

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Jacana merges with InReturn

Jacana Partners has merged with InReturn Capital, a Kenya-based private equity investor focused on small medium sized enterprises (SMEs). The joint group will oversee the investment of Jacana’s...

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Abraaj backs Vine Pharmaceuticals

Abraaj Group has invested in Vine Pharmaceuticals, a Uganda-based health care products retailer. The financial details have not been disclosed. Vine Pharmaceuticals will use the capital to grow its...

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ECP’s Oragroup gets $18m

Emerging Capital Partners (ECP) has led an $18milion financing round in its Togo-based financial services portfolio company Oragroup. Investors in this latest tranche include Belgian Investment Company...

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IFC mulls $9.8m Garden City deal

Actis’s Garden City is set to get an equity commitment from the International Finance Corporation (IFC), as the development financier considers plans to invest $9.8million into the Kenya-based...

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CII backs Eaton with $195m

Capital International Incorporated (CII) has infused $195 million into its Africa-focused telecommunications services portfolio company Eaton Towers, which is part-owned by Development Partners...

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Warbug Pincus lands $600m Delonex deal

Warbug Pincus has led a $600 million early-stage investment into Delonex Energy, a start-up Africa-focused resources exploration company . Delonex Energy is working on plans to explore energy...

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Actis’s Umeme in $170m debt talks

Actis’s energy distributor Umeme is in discussion to raise $170million worth of debt to fund distribution expansion plans. Umeme plans to invest about $ 440 million into its distribution system across...

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Agri-Vie’s africaJUICE in $6m deal talks

Agri-Vie’s agribusiness portfolio company . africaJUICE Tibila is in talks  for a $6 million growth funding infusion from International Finance Corporation (IFC). The funding will support the company’s...

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Fusion in $2m Rusororo deal

Fusion Capital has  has acquired a 46.5% equity stake in Rusororo Aggregate a mining company based in Rwanda -paying approximately $2 million (Rwf 1.3 billion). Rusororo will use the fudging to improve...

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Soros & Jacana invest in DCG

Jacana Partners and the Soros Economic Development Fund (SEDF), a vehicle created  by investor George Soros, have partnered to invest an undisclosed amount into Tanzania-based logistics company DSM...

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Agri-Vie backs Kariki with $5m

Agri-Vie has invested $5m in Kariki Group, a flower-producing agriculture company based in Kenya. Agri-Vie’s investment will bolster expansion, which includes growing its export footprint …

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Actis buys into AutoXpress

Actis has acquired 36% of AutoXpress, a logistics products distribution company based in Kenya. The capital will fund the company’s next stage of growth across …

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TransCentury fully exits RVR

TransCentury has sold its entire 34% stake in Uganda-based transport services company Rift Valley Railways (RVR) to Africa Citadel Capital.  The financial details have not …

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Fusion buys 40% of Xtra Publishing

Fusion Capital has sealed an early-stage deal to invest an undisclosed amount into Kenya-based information provider Xtra Publishing, acquiring 40% of the company. Xtra Publishing …

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