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...
View ArticleNorton 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...
View ArticleCarlye 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...
View ArticlePearl 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...
View ArticleCatalyst 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...
View Article8 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...
View ArticleJacana 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...
View ArticleAbraaj 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...
View ArticleECP’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...
View ArticleIFC 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...
View ArticleCII 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...
View ArticleWarbug 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...
View ArticleActis’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...
View ArticleAgri-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...
View ArticleFusion 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...
View ArticleSoros & 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...
View ArticleAgri-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 …
View ArticleActis 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 …
View ArticleTransCentury 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 …
View ArticleFusion 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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