January 21st, 2019
The  weekly roundup of Africa's Private Capital news

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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...

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Once again, many thanks. I hope you take us up on our offer. Please  email Allan Cunningham today at  [email protected] with any questions.
This week's issue supported by...             
Renpower Rwanda
Private Equity
AIIM backs BBOXX with growth capital
African Infrastructure Investment Managers is taking a minority stake in BBOXX. The deal sees AIIM investing...
Deal News...

Private equity infrastructure investor AIIM backs off-grid solar company BBOX with growth capital
Private Equity
AFIG Funds invests in Nigerian non-life insurer
AFIG Funds has agreed to buy the stakes of some of NEM Insurance's existing shareholders, ending up with...
Private Equity
Trinitas and Agile buy Group Five subsidiaries
Trinitas Private Equity and Agile Capital have agreed to buy two subsidiaries from Group Five. The deal comes as part of...
Private Equity
TLG Capital makes first deal in Francophone West Africa
TLG Capital has made its first investment in Francophone West Africa. The London-headquartered investment firm has bought...
Private Equity
Vectis in restructuring deal for Leventis Foods
Vectis Capital has agreed a restructuring investment in Leventis Foods, a branded foods and snacks manufacturer in Nigeria...
Private Equity
XSML in follow-on deal for Maison Galaxy
Having backed Maison Galaxy in mid-2017, XSML Capital's African Rivers Fund has reportedly made a follow-on deal for...
Private Debt
SunFunder arranges multicurrency debt facility
SunFunder announced the close of a multi-currency debt facility on behalf of SolarWorks! with currency hedging company MFX Solutions last week...
Kudos 2019
Customized ESG benchmark report for your company?

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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
CardinalStone holds first close for maiden fund
Lagos-based CardinalStone Capital Advisers announced the first close for their maiden third-party fund last week...
Private Equity
KfW joins LP roster for AfricInvest's FIVE
KfW has become the latest investor to commit capital to FIVE, AfricInvest's evergreen investment platform...
Private Equity
Syntaxis Africa and Afrinvest launch SME fund
Syntaxis Capital Africa and Afrinvest Asset Management have announced the launch of a new SME private equity fund for Nigeria and...
Private Equity
I&P and Monaco's Government set up education fund
Impact investor Investisseurs & Partenaires and the Government of Monaco have agreed to launch an education impact fund together...
Projects & Portfolio Companies...
Private Equity
Helios Towers buys stake in SA tower company
Helios Towers is making its first investment in South Africa with the acquisition of stake in SA Towers. The private equity-backed company has agreed to...
Trends & Perspectives...
Trends
LSE publishes annual "Companies to Inspire Africa"
Last week, the London Stock Exchange published its second annual "Companies to Inspire Africa" report. Roger Aitken breaks down the key findings for us in Forbes...
Companies, People & Profiles...
Companies
Absa and SocGen team up in Africa
South Africa's Absa and French banking group Societe Generale are joining forces to develop a pan-African wholesale banking offering...
Current Job Postings...
Jobs of the week...             
Partner, East & Southern Africa at AHL Venture Partners  // ahlventurepartners.com
Based in Nairobi, Kenya
New this week...
Investment Director for I&P Education Fund  // ietp.com
Based in Paris, France and West Africa
Investment Director at Centum  // centum.co.ke
Based in Nairobi, Kenya
Principal at CrossBoundary  // crossboundary.com
Based in Lagos, Nigeria
New this week...
Finance Associate at Delphos International  // delphosinternational.com
Based in Washington, DC, United States
Associate at CrossBoundary  // crossboundary.com
Based in Lagos, Nigeria
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
Upcoming Conferences...
Highlighted Event...             
5th Powering Africa Summit 
Miami, United States, February 25th to February 27th, 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
SAVCA 2019 Conference 
Stellenbosch, South Africa, February 27th to March 1st, 2019
New this week...
Renpower Rwanda - Off-Grid Renewable Energy, Power Infrastructure & Energy Efficiency Investors Conference  // conventionventures.com
Kigali, Rwanda, February 28th, 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
New this week...
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
New this week...
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

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