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

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Here's your preview edition to this week's  Africa Capital Digest. We reported on some interesting deals last week and we think you'd get a lot of value from having the access to the full stories behind these headlines. Take a look.

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3. Discover  which advisory firms worked on the deal
4.  Learn how big a fund is/is planning to be
5. Determine a new fund's strategy;  regions, sectors, target attributes, ticket sizes
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This week's issue supported by...             
SuperReturn Africa 2019
Deal & Fundraising News...
Private Equity
Zoscales backs hiring platform for Fund I's third deal
Zoscales Partners has made the third deal for its maiden private equity fund. The Addis Ababa-based investment firm is backing...

Zoscales makes its third deal for its first fund, backing East African recruitment platform
Image Credit: Shutterstock

Private Equity
EIB confirms investment for DPI's third fund
The European Investment Bank has signed off on a commitment to Africa Development Partners III, investing...
Private Equity
Adiwalé Partners holds first close for francophone fund
Adiwalé Partners held the first close for their maiden private equity fund last week, garnering commitments totaling...
Private Equity
Lorax Capital's latest fund gets DFI backing
Lorax Capital Partners has received a commitment for its second fund from a European development finance institution...
Private Equity
Uhuru secures new commitment to West Africa Fund
Uhuru Investment Partners has a new Limited Partner. The Lagos-based private equity firm has secured...
Credit
OPIC loan anchors Impact-First Development Fund
OPIC is making an anchor commitment to the just-launched Impact-First Development Fund, helping it achieve its first close last week...
This week's issue supported by...             
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As you know, week in, week out  Africa Capital Digest provides the most extensive news on all the deal, fundraising and people moves you and your colleagues need to know about.  Keeping abreast of what is happening helps hone both your and their  deal sourcing, client management and  capital raising effectiveness, so get ready to optimize your role and  save 25% into the bargain...but be sure act before this offer expires. 

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Projects & Portfolio Company News...
Oil & Gas
Sale of Eland allows Helios, others full exit
Seplat Petroleum's all-cash offer to acquire Eland Oil & Gas gives the firm's shareholders a complete exit from their stakes. Among them is...
Companies, People & Profiles...
People
Wendel Africa's CEO joins Adenia Partners
After fourteen years at Wendel Group, the last six of which he served as Chief Executive of its Africa investment business, Stéphane Bacquaert is joining Adenia...
People
Brown joins Britain's CDC as Deputy CIO
Andrew Brown, who most recently was Emerging Capital Partners' Chief Investment Officer, has joined CDC Group as a...
People
LeapFrog taps Nowjee as Investment Director
LeapFrog Investments announced the hire of a new investment director last week. Nitin Nowjee has joined the impact investor to focus on...
Current Job Postings...
Job of the week...             
Senior Investment Officer at the IFC 
// ifc.org
Based in Dakar, Senegal
Head, Business Integrity, Funds & Capital at CDC
// cdcgroup.com
Based in London, United Kingdom
Executive, Development Impact Funds & Capital at CDC
// cdcgroup.com
Based in London, United Kingdom
Senior Investment Officer at the IFC 
// ifc.org
Based in Johannesburg, South Africa
Investment Officer at the IFC 
// ifc.org
Based in Dakar, Senegal
Associate Investment Officer at the IFC 
// ifc.org
Based in Douala, Cameroon
Investment Manager, Consumer & Business Services at CDC
// cdcgroup.com
Based in London, United Kingdom
Upcoming Conferences...
Highlighted Event...             
Bonds, Loans & Sukuk Nigeria 2019 
Lagos, Nigeria, December 3rd, 2019
3rd Renewable Energy & Power Infrastructure Investors Conference 
Addis Ababa, Ethiopia, October 31st, 2019
AfricArena 
Cape Town, South Africa, November 11th to November 12th, 2019
New this week...
2nd Annual Project Financing, Trade & Investments 2019  
Accra, Ghana, November 11th to November 13th, 2019
Africa Early Stage Investor Summit 2019 
Cape Town, South Africa, November 13th to November 15th, 2019
TMT Finance Africa 2019 
London, United Kingdom, November 28th, 2019
SuperReturn Africa 
Cape Town, South Africa, December 2nd to December 4th, 2019
2020 Conferences...
New this week...
SAVCA 2020 Annual Conference 
Stellenbosch, South Africa, Februay 25th to February 27th, 2020
AFSIC 2020   // afsic.net
London, United Kingdom, May 5th to May 7th, 2020
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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