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Category: Africa

African PE and VC association appoints new chief executive

Abi Mustapha-Maduakor joins from MedAccess, where she was head of business operations and finance

CDC Group to invest $1bn in Africa this year

The UK impact investor will target sectors such as finance and infrastructure and focus on easing the Covid-19 impact on economies and businesses

Ontario Teachers’ Pension Plan names new senior managing director EMEA

Ontario Teachers' Pension Plan Board has appointed Nick Jansa as its new senior managing director, Europe, the Middle East and Africa.

Private equity pay is safe from pandemic hit – at least for now

In 2020, almost half of investors in Europe and Africa (48%) said they saw a rise in base compensation, according to a study by international recruitment firm Heidrick & Struggles

Francisco Partners buys CDK Global unit for $1.45bn

CDK’s international division services customers in Europe, the Middle East, Asia and Africa with automotive industry technology

AIIM expands third flagship Africa infra fund to $400m through capital increase

African Infrastructure Investment Managers has brought its third flagship pan-continental infra fund to $400m through a capital increase.

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.

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