The weekly roundup of Africa's Private Capital news
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Here's your preview of the week's deal activity in Africa's private equity and venture capital markets. We're running a special offer for the next few weeks - take advantage of it to get access to our archive of deal and fundraising content.
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We thank you for being part of the Africa Capital Digest community and encourage you to contact us with any suggestions on topics and coverage which might be more useful to everyone by emailing me at Allan Cunningham today.
Best wishes to everyone for a healthy, productive week.
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This week's issue supported by...
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Private Equity
Actis and Convergence JV funds Rack Centre expansion
A data centre joint venture between Actis and Convergence Partners which backed Rack Centre earlier this year is back again, funding the data center operator with...
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Actis and Convergence Partners help fund data center operator Rack Centre's $100 million facility expansion plans
Image Credit: Pixabay |
Private Equity
Metier invests in Broadreach's renewable energy platform
Metier has announced an investment in Broadreach Energy, a renewable energy platform headquartered in South Africa which is...
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Private Equity
STANLIB buys stake in South African renewables group
STANLIB's infrastructure investments unit has acquired a stake in one of South Africa's largest privately-held renewable energy development groups, buying a...
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Private Equity
Botswana's Aleyo Capital buys stake in First Mutual unit
Aleyo Capital has made an investment in First Mutual Holding Ltd, a listed financial services group headquartered in Harare. The Gabarone-based private equity firm is...
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Venture Capital
Proparco leads Series B round in Solarise Africa
French development finance institution Proparco has led a group of investors backing Solarise Africa's Series B funding round. Between them, the investors are investing...
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Chain AMS Gas Turbine offer to appeal to Africa's power investors and IPPs
Sponsored Content
A Siemens Turbine being sold by Chain Asset Management Solutions heralds a new, reliable source of capital equipment for investors, corporations and governments both north and south of the Sahara.
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| Funds & Fundraising news... |
Private Equity
Six investors back first close for XSML's third fund
XSML Capital announced the first close for its third fund last week, having garnered commitments from six investors, four of which had backed the...
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Private Equity
Flying Doctors plans ambitious Africa healthcare fund
Flying Doctors Healthcare Investment Company has ambitious plans to raise a $1 billion healthcare fund, according to Bloomberg...
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Private Debt
Swedfund makes commitment to SunFunder debt fund
Swedfund announced a commitment to SunFunder's Solar Energy Transformation Fund at the beginning of last week. The Swedish DFI is committing...
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Venture Capital
Safaricom adds to Spark Fund's capital
Safaricom is expanding the amount of investable capital available to Spark Fund, a corporate venture capital fund launched by the Kenyan telco with $1 million in 2014...
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| Projects & Portfolio Companies... |
Private Equity
Amethis-backed Best Health makes acquisition
Best Health, a medical equipment supplier in Amethis Maghreb Fund I's portfolio, made an acquisition of its own in July, buying...
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| Companies, People & Profiles... |
People
AIIM's new joint-MD fills Swart's seat on AVCA board
Following Jurie Swart's retirement from African Infrastructure Investment Partners last month, his seat on AVCA's board is being filled by...
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People
FinDev's first CEO steps down after 3 years
FinDev Canada's first CEO is stepping down from the role after three years on the job. Paul Lamontagne is leaving the young Canadian DFI as of...
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Principal/Director, Private Credit at BluePeak Private Capital
// bluepeakpc.com
Based in Nairobi, Kenya
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New this week...
Manager, Funds & Capital Partnerships, Impact Group at CDC // cdcgroup.com
Based in London, United Kingdom
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New this week...
Manager, Infrastructure Investments, Impact Group at CDC // cdcgroup.com
Based in London, United Kingdom
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New this week...
Investment Officer, Infrastructure at IFC // ifc.org
Based in Lagos, Nigeria
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Impact Investment Manager, Africa at Partners Group // partnersgroup.com
Based in London, United Kingdom
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Investment Executive, Debt, Financial Institutions at CDC // cdcgroup.com
Based in London, United Kingdom
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Investment Associate, Debt, Financial Institutions at CDC // cdcgroup.com
Based in London, United Kingdom
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Investment Analyst, Property Sector at Sanlam // sanlam.co.za
Based in Cape Town, South Africa
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Johannesburg, South Africa, September 7th to September 11th, 2020
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Virtual Event, October 20th to November 13th, 2020
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SuperReturn Growth Markets Virtual
Online, November 30th to December 3rd, 2020
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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 full access 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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Africa Capital Digest is a product of Rowayton Press
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