January 28th, 2019
The  weekly roundup of Africa's Private Capital news

For colleagues interested in having their own access, please email us today
  

Here's your copy of this week's preview wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces. And, as a reminder, there are...
 
You've only until Thursday this week to lock in your 25% savings! 
   
We're offering readers of our preview edition the opportunity to sign up for a year's access to Africa Capital Digest's full service at our lowest price point of $295 and saving 25% off the full price. But it's only available if you subscribe during the month of January, which ends on Thursday! Sign up now and benefit immediately from:  
  • Reading the full stories behind the headlines below
  • Finding out deal values, stake sizes, and the investment professionals involved
  • Discovering how the fresh capital will be put to work  
  • Tracking portfolio company add-ons, stake sales and exits 
  • Accessing more than 4 year's worth of searchable, archived content
Take us up on this special offer now by clicking the following link:
 

Once again, many thanks for reading the preview edition. I hope you take us up on our offer. Please email Teresa Hall today at thall@africacapitaldigest.com with nay questions.
This week's issue supported by...             
SAVCA 2019
Deal News...
Private Equity
Berkshire Partners buys a piece of Teraco Data
Boston-based private equity firm Berkshire Partners is buying a stake in Teraco Data Environments. The transaction...

Data Center
Boston-based Berkshire Partners invests in Teraco Data, Africa's largest data center services provider
Private Equity
Andela rakes in $100mln for its Series D
Andela announced last week that it has raised $100 million from a group of investors for its Series D. The round...
Private Equity
CDG Capital backs Steripharma for fund's fourth deal
CDG Capital Private Equity has agreed to make an investment in Laboratoires Steripharma, a Moroccan pharmaceutical business. The deal, which is...
Private Debt
Gulf Capital makes its first investment in Tunisia
Gulf Capital is making its first investment in Tunisia. The UAE-based  alternative investment firm is investing...
Private Equity
Adenia Partners take controlling stake in Tumaini
For its third investment for its fourth fund, Adenia Partners has acquired a controlling stake in Kenyan retailer Tumaini Self Service...
Private Equity
Goodwell makes an investment in Copia
Goodwell Investments is backing Kenya's Copia, an online shopping service that serves base of the pyramid consumers, particularly in rural areas...
Private Equity
Moringa backs Malian mango processor
Impact investor Moringa is taking a significant minority stake in a Malian mango processor...
Kudos 2019
Customized ESG benchmark report for your company?

Would a free personalized report benchmarking  your company's ESG performance against your peers be valuable to you? Take part in KudosAfrica's annual survey and analysis on the adoption of ESG practices by Africa's unlisted companies and, come April, join the other survey participants who get the full information on this year's findings as well as a report on how your firm matches up.

What are companies doing to manage the  key ESG issues for their operations? How effective are their ESG management practices? In which areas are they making ESG-related investments?  The survey  examines what these businesses are doing well to manage ESG issues, explores their management's practical responses and assesses how well they are aligned with global and regional sustainability priorities.

This year's 10-minute online survey is now open and we invite you and your portfolio company leaders to participate in this unique, annual project. Complete the survey today to make sure you get the  personalized report benchmarking your   company's ESG performance.

Funds & Fundraising News...
Private Equity
Zebu Investments holds first close for sophomore fund
Zebu Investment Partners announced that it has held an initial close for its sophomore fund last week. The private equity fund manager has raised...
Private Equity
CrossBoundary launches new mini-grid financing facility
CrossBoundary announced the launch of, and initial commitments for, a new mini-grid project financing facility last week...
Private Equity
AfDB invests in ARCH's renewable power fund
The African Development Bank's Board of Directors has approved an equity commitment to the ARCH Africa Renewable Power Fund...
Sectors, Trends & Perspectives...
Sector
Solar power for businesses expanding in SSA
With high electricity tariffs, falling PV prices and poor grid reliability, sales of on-site solar to business customers in Sub-Saharan Africa are...
Sector
Morocco's banks eye M&A opportunities in West Africa
The Financial Times reports that the promise of greater, if riskier, returns are spurring an acquisition spree in West Africa by Morocco's banks...
Trends
Deal values in South Africa forecast to improve in 2019
Law firm Baker McKenzie's global transactions forecast expects M&A deal volumes and values in South Africa to improve this year following last year's performance....
Companies, People & Profiles...
People
Rencap taps new Africa investment banking head
Renaissance Capital has appointed a new leader for its investment banking business in Africa. The emerging markets investment bank has tapped...
Current Job Postings...
Jobs of the week...             
Investment Director for I&P Education Fund  // ietp.com
Based in Paris, France and West Africa
New this week...
Senior Treasury Officer at Trade & Development Bank  // tdbgroup.org
Based in Nairobi, Kenya
Principal at CrossBoundary  // crossboundary.com
Based in Lagos, Nigeria
Investment Director at Centum  // centum.co.ke
Based in Nairobi, Kenya
New this week...
Treasury Operations Manager at Trade & Development Bank  // tdbgroup.org
Based in Nairobi, Kenya
New this week...
In-house Commodity Trading Specialist at Trade & Development Bank  // tdbgroup.org
Based in Nairobi, Kenya
Finance Associate at Delphos International  // delphosinternational.com
Based in Washington, DC, United States
Associate, Construction & Real Estate Equity Investment at CDC  // cdcgroup.com
Based in London, United Kingdom
Associate, Financial Institutions Equity Investments at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Marketing Coordinator at Trade & Development Bank  // tdbgroup.org
Based in Nairobi, Kenya
Upcoming Conferences...
Highlighted Event...             
Renpower Rwanda - Off-Grid Renewable Energy, Power Infrastructure & Energy Efficiency Investors Conference  // conventionventures.com
Kigali, Rwanda, February 28th, 2019
25th African Mining Indaba 
Cape Town, South Africa, February 4th to February 7th, 2019
Africa Tech Summit 
Kigali, Rwanda, February 15th to February 19th, 2019
5th Powering Africa Summit 
Miami, United States, February 25th to February 27th, 2019
SAVCA 2019 Conference 
Stellenbosch, South Africa, February 27th to March 1st, 2019
Bonds, Loans & Sukuk Africa 
Cape Town, South Africa, March 13th to March 14th, 2019
Pension Focus Africa Investment Summit  // f-evolutions.co.uk
Nairobi, Kenya, March 14th to March 15th, 2019
3rd Pension Fund & Alternative Investments Africa  // ametrade.org
Flic-en-Flac, Mauritius, March 20th to March 21st, 2019
Regional Energy Cooperation Summit East 
Addis Ababa, Ethiopia, March 27th to March 29th, 2019
Africa Energy Forum: Off the Grid 
Addis Ababa, Ethiopia, March 27th to March 29th, 2019
16th Annual AVCA Conference 
Nairobi, Kenya, April 1st to April 5th, 2019
AFSIC 2019, Investing in Africa 
London, United Kingdom, May 8th to May 10th, 2019
And finally...
We hope you found the digest to be a useful summary of the major happenings in Africa's private capital markets last week.  We'd love it if you shared it with colleagues and business partners. They can subscribe to Africa Capital Digest and receive a special introductory offer to the service if they take a moment  to  sign up here today.

Best wishes for a productive week - if you have any tips, suggestions, questions or comments, please get in touch.

All the best,
 
- Allan
 
Allan Cunningham
Editor & Publisher
AfCD | Africa Capital Digest

Africa Capital Digest is a product of Rowayton Press 
Customer Service |  [email protected] | P.O. Box 141,
Rowayton, CT 06853, USA