Private Equity |

Africa Finance Corporation and others Commit US$350m to Rwanda’s Power Projects

LAGOS (Capital Markets in Africa)- A US$350 million deal to finance an 80 megawatt (MW) peat to power project in Rwanda, which will improve access to electricity for the three quarters of the country’s population that is currently off the grid, has reached financial close. The power plant, which is expected to increase installed capacity in Rwanda by 40%, will utilise the Country’s significant peat reserves to improve the national installed generation capacity. Despite its…

Why Investors Should Consider A “Private Equity Approach” To Africa

Posted on by The Editorial Team

LAGOS (Capital Markets Investors are desperately searching for new opportunities in order to counter the challenging current low-interest rate environment. For those who have turned to “frontier markets”—and particularly Africa—there has been something of a roller-coaster ride. In 2000, as the world entered the new millennium with great optimism, Africa was viewed with suspicion. It was even branded “the hopeless continent” by The Economist. And yet, between 2002 and 2008, the African stock markets enjoyed…

Accion Frontier Inclusion Fund oversubscribed to closes at $141m

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Accion and Quona Capital announced today the final close of the Accion Frontier Inclusion Fund, the world’s first global fintech fund for the underserved. The oversubscribed Fund represents $141M in commitments from an array of leading institutional investors including global insurance companies, investment banks and asset managers, a university endowment, prominent foundations and family offices, as well as development finance institutions. The Fund will focus on emerging markets in…

Mediterrania Capital Partners raises €250 million for third fund

Posted on by The Editorial Team

Malta/Barcelona (7 March 2017) – Mediterrania Capital Partners, the regional Private Equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces its plans to raise €250 million for its third fund, Mediterrania Capital III (MC III). Through MC III, Mediterrania Capital will maintain its focus in North Africa while expanding into selected Sub-Saharan countries such as Ivory Coast, Senegal and Cameroon. The firm is planning to continue investing in strong…

Sahel Capital and CardinalStone Capital Invest in Crest Agro Products, Nigeria

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”) and CardinalStone Capital Advisers (“CCA”), a Nigerian Private Equity Fund Manager, are pleased to announce that definitive agreements have been executed for an investment in Crest Agro Products Limited (“Crest Agro”), an integrated cassava processor based in Kogi State. Founded in 2013, Crest Agro was set up to harness opportunities in the cassava starch sub‐sector. The…

AIIM acquires majority stake in DSM Corridor Group

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Dar es Salam (Capital Markets in Africa) – African Infrastructure Investment Managers (AIIM), a leading African infrastructure equity investment manager and member of Old Mutual Alternative Investments (OMAI), has announced the successful acquisition of a 60% effective interest in DSM Corridor Group Tanzania (DCG), a specialist dry bulk terminal operator in the Port of Dar es Salaam. AIIM develops, advises and manages private equity infrastructure funds designed to invest long-term institutional equity in African infrastructure…

Injaro sells stake in Burkina Faso seed producer

Posted on by The Editorial Team

Lagos (Capital Markets in Africa) – Injaro Investments, the manager of the agricultural impact fund IACHL, announces the sale of its 30% stake in seed producer NAFASO SA to the founders and other shareholders. This share sale represents a full exit from Nafaso after a holding period of just under four years. Injaro invested in Nafaso in March 2013. The company’s aim was to leverage the investment from Injaro (i) to increase Nafaso’s output of…

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