Private Equity |

LeapFrog is Raising $800 Million for Africa Deals

NAIROBI (Capital Markets in Africa) – LeapFrog Investments Ltd. plans to raise $800 million for its latest fund as the private-equity firm seeks stakes in African banks, insurance brokers and payment companies to tap into rising demand among low-income consumers. Overseas Private Investment Corp., the Washington-based development financing unit of the U.S. government, has approved an investment of as much as $200 million in the fund, the buyout company’s third, said Karima Olokun-Ola, a partner at LeapFrog…

IFC and FMO invest in MOBISOL for East Africa Solar Energy deal

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NAIROBI (Capital Markets in Africa) – IFC, a member of the World Bank Group, and FMO, the Dutch development bank have invested in Mobisol GmbH, a pay-as-you-go solar energy service company, to deliver renewable energy solutions to off-grid communities in East Africa. IFC’s equity investment of EUR 5.42 million and EUR 9.2 million from the AEF and MASSIF Dutch government funds managed by FMO brings them into partnership with Investec Asset Management’s African Private Equity…

Standard Bank buys SnapScan maker, Firepay

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JOHANNESBURG (Capital Markets in Africa) – Standard Bank has announced that it has acquired a majority stake in Firepay – the team behind South Africa’s largest mobile payments product, SnapScan. Firepay was formed in 2013 to apply new mobile payments technology to build innovative products. In 2014 Firepay, in partnership with Standard Bank, launched SnapScan to allow customers to pay for goods and services using only their mobile phone. SnapScan is now used by hundreds…

OPIC commits $200 million to two Africa-focused funds

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LAGOS (Capital Markets in Africa) – The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $700 million in new financing and insurance to support four projects. These private sector-led development projects will invest globally in Asia, Sub-Saharan Africa, and the Middle East in a variety of sectors including energy, financial services, transportation, technology, and telecommunications. “Today, OPIC approved $700 million in support of development projects…

Taaleri to invest in Africa’s real estate

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NAIROBI (Capital Markets in Africa) – Finnish private equity fund and financial services group Taaleri Plc plans to invest Sh10 billion ($100 million) in East and South African real estate projects. Taaleri, in partnership with local private equity firm Cytonn Investments, has so far invested about Sh4 billion in the Kenyan real-estate market. The two companies are exploring more investment opportunities in both real estate and renewable energy sectors. “East Africa is the area where…

Private Equities Partner to Support Agrotech Startups in East Africa

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NAIROBI (Capital Markets in Africa) – Village Capital and Schooner Africa Fund have launched the Africa Investment Marketplace to invest between $100K and $500K into early stage agrotech startups in East Africa, a move aimed at tackling the disconnect in the region’s between early-stage ventures looking for capital, and investors looking for deal flow. “We are providing due diligence, transaction advisory, investor matching and deal syndication services for 8 agribusinesses from Kenya, Tanzania, Uganda, and…

Private Equity: Synergy Capital Managers invests in MSY Analytics Group

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LAGOS (Capital Markets in Africa) – Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in MSY Analytics Group (MSY), a technology driven professional services and data analytics company focused on increasing corporate human capital productivity and organizational positioning. The Company currently operates in Nigeria with a plan to roll out across the African continent. MSY is focused on creating value for companies, organizations and Institutions by collecting, analyzing, synthesizing…

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