May 27th, 2019
The  weekly roundup of Africa's Private Capital news
  

Here's your weekly preview edition to this week's Africa Capital Digest. It was an interesting week and we're pretty sure you'd get a lot of value from having the access to the full stories behind the headlines.

Here's 5 questions about last week's activity full access would answer for you:

1. What valuation was Zipline's latest investment round reportedly made at?
2.  Who at Lion's Head Global Partners led the debt deal for BBOXX?
3. How much is Quona Capital targeting for its second inclusion fund's final close?
4. How big is Generation Investment's third and largest fund?
5. How much of African Rivers Fund's capital has now been deployed?

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This week's issue supported by...             
EAVCA 2019
Deal News...
Private Equity
TPG's Rise Fund invests in drone company Zipline
The Rise Fund has become the latest high-profile investor to back Zipline, a healthcare drone delivery service with operations in Rwanda and Ghana...

TPG's Rise Fund has become the latest high-profile investor to back healthcare drone delivery service business Zipline.
Image Credit: Zipline
Private Debt
LHGP-managed fund backs BBOXX with debt
BBOXX has raised some more debt, this time from the Facility for Energy Inclusion Off-Grid Energy Access Fund. The off-grid solar business has raised...
Private Debt
XSML invests follow-on debt in DRC portfolio company
XSML Capital's African Rivers Fund is backing SOS Médecins de Nuit, a Kinshasa-based healthcare company in which XSML's first fund holds a minority stake, in...
Venture Capital
Nigeria's Gokada raises healthy Series A
Another motorcycle ride-hailing business, this time in Nigeria, has raised capital. Gokada, which was founded in 2018, has landed...
This week's issue supported by...             
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Funds & Fundraising News...
Private Equity
Generation Investment closes third and largest fund
Generation Investment Management, the impact investment firm co-founded by former US Vice President Al Gore, has announced the final close for its third and largest growth equity fund to date....
Private Equity
IFC mulls investment in Quona's second inclusion fund
Quona Capital's latest fund, the Accion Quona Inclusion Fund, is being considered for a potential capital commitment from the International Finance Corporation...
Private Equity
CardinalStone's maiden fund in line for IFC commitment
The International Finance Corporation is considering a commitment to Lagos-based CardinalStone Capital Advisers maiden third-party fund...
Sectors, Trends & Perspectives...
Perspectives
Climbing mobile's value chain in Africa
In a report from the team at Brookings' Africa Growth Initiative, a look at what's needed to meet the continent's unmet demand for other, underdeveloped financial services...
Companies, People & Profiles...
People
ALP's Co-founder and CEO steps down
A Co-founder of private equity-backed Africa Logistics Properties is stepping down as the company's CEO...
People
Rencap hires new investment banking VP in Cairo
Renaissance Capital has hired a new Vice President for Investment Banking covering Egypt and the broader MENA region...
Current Job Postings...
Jobs of the week...             
New this week...
Investment Manager/Director, Financial Institutions, Debt at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Director, Infrastructure Equity at CDC  // cdcgroup.com
Based in London, United Kingdom
Associate Director, Financial Advisory TAS at Deloitte  // deloitte.com
Based in Cape Town, South Africa
Investment Manager at Afreximbank  // afreximbank.com
Based in Cairo, Egypt
Investment Officer at IFC  // ifc.org
Based in Nairobi, Kenya
Senior Associate at CrossBoundary  // crossboundary.com
Based in Johannesburg, South Africa
New this week...
Investment Associate, Impact Funds at CDC Group  // cdcgroup.com
Based in London United Kingdom
Investment Associate, Africa at Quona Capital  // quonacapital.com
Based in Washington, DC, United States
Investment Analyst at Afreximbank  // afreximbank.com
Based in Cairo, Egypt
Upcoming Conferences...
Highlighted Event...             
Africa Tech Summit 
London, United Kingdom, June 11th, 2019
MEST Africa Summit 
Nairobi, Kenya, June 10th to June 12th, 2019
Africa Energy Forum 
Lisbon, Portugal, June 11th to June 14th, 2019
New this week...
5th Annual Private Equity in East Africa Conference 
Addis Ababa, Ethiopia, June 13th, 2019
Africa Property Investment Summit & Expo 
Johannesburg, South Africa, October 2nd to October 3rd, 2019
AfricArena 
Cape Town, South Africa, November 11th to November 12th, 2019
TMT Finance Africa 2019 
London, United Kingdom, November 28th, 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 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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