Private equity and venture capital execs are banking on an African tech boom over the next few years amid the rapid expansion of the continent's startup ecosystem, new research shows. The post PE, VC execs
African tech investment specialist Janngo capital has hit a first close for its €60m-targeting startup fund targeting the continent. The post Africa has world’s most entreprenurial women, Janngo Capital says amid first close of €60m
AfricInvest and Cathay Association have raised a €110m venture capital fund to target promising African early-to-growth-stage startups. Investors in the Cathay AfricInvest Innovation Fund include EIB, AfricaGrow, FMO, Bpifrance, Triodos Investment Management, Proparco, SIFEM, and
Global sustainable infrastructure investment major Actis has agreed to sell Africa's largest pure play renewable energy independent power producer Lekela. The post Actis seals exit of Africa’s largest pure-play renewable energy independent power producer first
AfricInvest has closed its biggest ever fund on more than $400m, targeting African mid-cap companies. The post AfricInvest beats hard cap for biggest-ever fundraise, eyes African mid-cap deals first appeared on AltAssets Private Equity News.
Africa's ongoing rise as a startups superpower received a massive boost last year with $5.2bn of venture capital investment - more than the previous seven years combined, new research shows. The post Africa soars to
Central and East Africa-focused fund manager XSML has held a final close for African Rivers Fund III on its hard cap of $85m. The post XSML holds hard cap close for African Rivers Fund III first
JAIPUR, India--(BUSINESS WIRE)-- KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and
Africa’s booming, tech-savvy young population are being largely ignored by global venture capital investors, despite offering a golden opportunity to get in early in subsectors that have the potential to become world leaders in the
FinTech Flutterwave has become Africa's most valuable fintech after a new wave of VC funding saw become worth more than $3bn. The post Flutterwave becomes Africa’s most valuable startup at $3bn thanks to new VC
Norrsken Foundation has held a $110m first close on $200m-targeting Norrsken22 to invest in Africa's new tech giants. The post Unicorn founders-backed Norrsken holds $110m first close for fund targeting African tech first appeared on
European private credit manager Pemberton has hired BlackRock senior exec Anis Ghamgui to lead the newly opened Dubai office. The post Pemberton opens new Dubai office, hires Ghamgui from BlackRock as MD and head of
Global buyout major Permira, together with Boston-based investment firm Berkshire Partners, has agreed to exit African data center services provider Teraco Data Environments to Digital Realty. The post Permira, Berkshire Partners to exit African Teraci
Amsterdam-based emerging markets investor XSML has doubled its assets under management to $154m through a final close of its African Rivers Fund III. The post XSML doubles AUM with Fund III close first appeared on AltAssets
Africa-focused private equity firm Adenia Partners has teamed with Proparco to buy corporate catering and services provider Overseas Catering Services. The post Africa-focused Adenia makes first Moroccan investment with Overseas Catering Services deal first appeared
Helios Investment Partners has teamed with InfraCo Africa to launch a pan-African climate and impact investment fund with the hope of raising more than $350m. The post Helios, InfraCo Africa eye up to $350m for
Widespread destruction from ever-more dangerous climate change events this year has seen swaths of North America, Africa, Siberia and southern Europe consumed by wildfires, mass flooding in Germany and temperatures in Vancouver reaching 50°C. Impact investment funds have been
212, a venture capital firm focusing on Turkey, eastern Europe, the Middle East and north Africa, is looking to conduct five to eight further investments, with EUR 32m left in its latest fund to deploy.
