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Category: Africa

Bamboo Capital handed $40m fund management role targeting Madagascar electricity access

Impact investor Bamboo Capital Partners has been tapped up to manage a $40m renewable energy access fund by the Government of Madagascar and the World Bank.

How Africa can self-finance its economic recovery

In the wake of a continent-wide recession, a recovery designed and financed largely by Africans is well within reach

Pacer Ventures looking to solve funding gap for African startups

Sub-Saharan Africa's funding gap is the 'most critical problem on the continent' according to Pacer Ventures, which has launched a new fund hoping to solve the issue.

Lorax Capital Partners pulls in $142m for its sophomore fund

Lorax Capital Partners has pulled in $142m for its sophomore fund and has named Apex Group to supply administration and corporate services.

Actis makes two investments in digital infrastructure in South Africa

The firm has acquired a controlling stake in fibre broadband provider Octotel and a minority interest in internet provider RSAWEB

Ex-Google exec, investment veteran team up to launch MENA-focused VC house Plus Venture Capital

A former Google executive and investment veteran have teamed up to launch a new venture capital fund targeting early-stage tech startups in the Middle East and North Africa region and its diaspora.

Actis powers up digital infrastructure investing with ZAR2.3bn Octotel buyout

Global emerging markets private equity major Actis has agreed a ZAR2.3bn ($140m) buyout of South African fibre network operator Octotel.

Carlyle Acquires Electrostatic Sprayer Maker

The Carlyle Group has agreed to acquire Victory Innovations, a provider of electrostatic sprayers. Victory’s cordless electrostatic spraying equipment is used to disinfect surfaces in businesses, transportation systems, hospitals, and schools. The company is headquartered…

Comment: Africa’s gathering debt storm

Without rapid and vastly increased external help to weather the Covid-19 storm and ease their debt-service burden, many African economies could collapse. This would directly affect the rich world in ways for which it is…

Helios Investment Partner bets on emerging markets payments by leading Thunes investment

Singapore-based FinTech startup Thunes has secured $60m in a Series B funding round led by Helios Investment Partners.

Neuberger Berman hires KKR exec as head of Middle East and North Africa

Kaveh Samie will help grow the firm’s footprint in the regions, from its Dubai office

Leapfrog Investments re-ups in insurtech BIMA as it eyes emerging markets expansion

InsurTech BIMA has raised a $30m round with the goal of using the money to drive mass adoption of digital health and InsurTech solutions in emerging markets.

XSML backs Uganda, DR Congo investment opportunity amid first close of third flagship fundraise

Central and East Africa-focused fund manager XSML has hit a $54m first close for its third fundraise targeting the region.

Africa-focused PE major Helios hires ex-Carlyle EMEA sustainability head as ESG director

African private equity major Helios Investment Partners has brought in former Carlyle EMEA head of sustainability Phil Davis as director of ESG.

Helios Investment appoints ESG director from Carlyle

Phil Davis is expected to help the Africa-focused firm expand its sustainability and responsible business practices

JPMorgan hires UK ex-Chancellor Sajid Javid as senior adviser

Javid will be on the bank's advisory council for Europe, Middle East and Africa

Paymob secures VC funding to help bolster financial inclusion in Egypt

Egyptian digital payments company Paymob has secured $3.5m in its funding round, which was led by Global Ventures and Dutch Entrepreneurial Development Bank FMO.

US companies should consider making slavery reparations, says Vista Equity Partners CEO

Vista Equity Partners CEO Robert Smith has said that companies which profited from the transatlantic slave trade should consider making reparations to African-Americans.

Europe on course for highest rate of corporate debt defaults since 2008

Moody’s expects the corporate debt default rate in Europe, the Middle East and Africa to reach 6.2% in 12 months – the highest level since the financial crisis

Thompson Street Exits Lab Platform

Thompson Street Capital Partners (TSCP) has sold Analytical Lab Group to Element Materials Technology, a portfolio company of Bridgepoint Capital. Analytical Lab Group (ALG) provides FDA- and EPA-focused microbiology testing services to the healthcare, drug,…