The
weekly roundup of Africa's Private Capital news
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For colleagues interested in a trial to Africa Capital Digest, please click here
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Here's the latest weekly preview edition of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces.
Many thanks for being a reader. I'd encourage you to join our growing cohort of paid subscribers for 2018. Becoming a paid subscriber will give you immediate access to all the full stories in this week's edition as well as to those in all previous editions. The process is quick and simple and provides you with the flexibility of signing up for a year or on a month-by-month basis. You can choose from one of the following options below:
If you would like to find out more about a team membership, please email Allan Cunningham at acunningham@africacapitaldigest.com.
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This week's issue supported by...
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Private Equity
Kuramo Capital acquires control of GenAfrica
Kuramo Capital has acquired control of GenAfrica Asset Managers, one of the largest pension fund managers in Kenya and Uganda.
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Kuramo Capital acquires a majority stake in asset manager GenAfrica in secondary deal
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Private Equity
Centum's Platinum Credit sale earns a 31% IRR
Centum Investment has sold its remaining stake in Platinum Credit's holding company, Platform Holdings.
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Private Equity
AFIG Funds backed Tecnicil for Fund II's first deal
In April last year, Advanced Finance and Investment Group, better known as AFIG Funds, backed Tecnicil Indústria, a beverage company in Cape Verde.
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Private Equity
Goodwell makes follow-on deal for Musoni
Goodwell Investments announced it is making a follow-on investment in Musoni, a banking software provider to microfinance insitutitions.
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Venture Capital
Knife Capital backs South Africa's DataProphet
Knife Capital is making a multi-million dollar investment in DataProphet, a machine learning startup based in Cape Town.
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This week's issue supported by...
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Private Equity
AfDB's multi-million dollar loan to new Rwanda fund
The African Development Bank's Board has approved a multi-million dollar loan to support the establishment of the Rwanda Innovation Fund.
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Projects & Portfolio Companies...
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Media
Naspers to raise $11 billion by trimming Tencent stake
Reuters reports that Naspers plans on cutting its Tencent holding by 2% and raising up to $11 billion for reinvestment.
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This week's issue supported by...
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New!
Africa Capital Digest's
2018 Guide to sub-Saharan Africa's
Key Private Equity Investors
Coming soon and available at 25% pre-publication discount
Fresh dealflow, new clients, galvanized strategies...
Get the latest information on the private equity investors located in sub-Saharan Africa to fine tune your deal sourcing, client development strategies and more. Order your copy today and save 25% with the pre-publication discount. Time is limited, so act now and get ready to benefit from:
- Profiles with Names, Emails of each firm's investment professionals
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- Headquarter and Regional Office contact details
- Quick reference indexes of fund managers and portfolio companies by sector
Order here today, risk-free and lock in the pre-publication rate
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Trends
African Tech M&A poised for massive growth
A brief piece in AFK Insider summarizing the findings on Baker McKenzie's global transaction forecast finds that Africa's tech sector seems set for massive growth
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Perspectives
The CFTA's role in strengthening regional value chains
With the official launch of the Continental Free Trade Agreement this week, Brookings takes a look at the lessons learned from highly integrated global trade and production networks.
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Companies, People & Profiles...
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Companies
StanChart kicks off sale of private equity unit
Sources tell Bloomberg that Standard Chartered has kicked off the sale process for its private equity unit.
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People
Heimert tapped as Africa50's General Counsel
Kimberley Heimert has been appointed to be Africa50's General Counsel, the pan-Africa infrastructure investment platform's chief legal officer.
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Based in Johannesburg, South Africa
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Based in Seattle, United States
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Based in London, United Kingdom
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Based in Casablanca, Morocco
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Based in New York, United States
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Based in Casablanca, Johannesburg, Lagos and Nairobi
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Based in Cape Town, South Africa
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Based in Casablanca, Morocco
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15th Annual AVCA Conference
Marrakech, April 22nd to April 26th, 2018
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AFSIC 2018: Investing in Africa
London, May 2nd to May 4th, 2018
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20th Global Private Equity Conference
Washington, DC, May 14th to May 17th, 2018
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Accra, May 30th to June 1st, 2018
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Black River, Mauritius, June 19th to June 22nd, 2018
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London, September 19th, 2018
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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 sign up for a free trial, for the moment,
here.
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
Rowayton, CT 06853, USA
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Copyright © 2016 Rowayton Press, LLC. All Rights Reserved.
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