Funds

Ethiopia

Silk African Food Fund munches into Ethiopian biscuits

The Silk African Food private equity fund, run by UK regulated specialist asset manager Silk Invest Ltd, has acquired a significant minority equity stake in ...

Funds

Winners announced for Private Equity Africa Awards in London

It was great to be part of the inaugural Private Equity Africa Awards, organized by the excellent team. According to them, the accolades are the ...

Funds

African Development Bank invests $100m to Agvance Africa PE fund of funds

The African Development Bank has approved an equity investment of US$100 million to Agvance Africa, which the bank claims is the first fund of funds ...

Funds

CDC scores paper loss of £72m on private equity portfolio in 2011

Pioneering private equity group CDC, 100% owned by the UK Government’s Department for International Development, has recorded a paper loss of £72 million ($111.6m) across ...

Exchange news

JSE stock exchange unveils new Africa strategy

This morning South Africa’s securities exchange, the JSE Ltd, announced a revised strategy to attract more listings from other African countries, as international interest soars. ...

Funds

Private Equity Africa – analysis of deals and trends 2011 and looking forward to 2012

Learn from private equity fund-raising and deal trends of 2011 and look forward to the rest of 2012 with top private equity managers and a ...

Capital raising

Abraaj Capital acquired Aureos Capital

Abraaj Capital, a leading private equity manager investing into Africa, Middle East, Asia and Turkey, recently announced the acquisition of Aureos Capital, a global private ...

Ethiopia

Duet and Vasari invest private equity in Ethiopia’s Dashen Brewery

London-based alternative asset manager Duet Group and Vasari, a company with a record of growing businesses, announced recently in a press release that they had ...

Cote d’Ivoire

IFC invests in Côte d’Ivoire’s mining through Sama Resources

The International Finance Corporation (IFC), a member of the World Bank Group, on 20 Dec agreed to invest CAD1,250,000 in nickel and copper exploration through ...

Capital raising

Africa could repeat China’s long growth story– Renaissance CIO

"Africa reminds me of China back in 1999. If you missed China then, don't do that (miss Africa) now," is how Plamen Monovski, chief investment ...

Funds

Aureos Africa Health Fund invests $2.5m in Kenya healthcare

Aureos Africa Health Fund invested $2.5 million in a Kenyan hospital and health insurance company, the Avenue Group, which offers affordable healthcare cover, integrated ...

Funds

InReturn Capital invests in Kenya’s Eagle Eye Laser Centre

East African venture capital firm InReturn Capital has entered a partnership with Hurlingham Eye Care Services group (HECS). InReturn Capital is an impact investing company ...

Capital raising

African Venture Capital Association (AVCA) to provide PE data

The African Venture Capital Association and Cambridge Associates are to work together to provide extensive, independent aggregate African private equity and venture capital benchmark data ...

Funds

OPIC invests $285m in 6 impact investing funds

U.S. development finance institution, the Overseas Private Investment Corporation (OPIC), is to invest up to $285 million in financing to private equity funds. These in ...

Capital raising

Mobius remains bullish on Nairobi Securities Exchange, says FT

Mark Mobius, veteran emerging markets investor and head of Templeton Emerging Markets, is bullish about the Nairobi Securities Exchange (NSE), although it is the worst-performing ...

Exchange news

UK’s regulator FSA warns on unregistered “ethical” tree investment schemes

The UK’s regulator, the Financial Services Authority (FSA), has issued a warning about unregulated “sustainable, ethical and alternative” investments. It says: “We are seeing an ...

Exchange news

Private equity exits total $1.2bn

Private equity managers (GPs) have exited some $1.2bn of investments this year, spurred by new interest and good deal values, according to data from Preqin. ...

Funds

Africa is ready for private equity, says EMPEA/FT summit

Government leaders, regulators and decision-makers across Africa recognize the success of private equity in growing companies, creating jobs and developing infrastructure. They are actively considering ...

Funds

Caravan Capital plans $90m into African equities

Caravan Capital Management, an investment fund based in the USA, aims to invest up to $90 million in African equity frontier markets. The fund has ...

Funds

Finch Africa wins “fund of the year” for Africa ex-South Africa

Pan-African fund manager Finch International Advisors received top honours as its Africa Opportunities Fund was named Africa ex-South Africa Fund of the Year