October 29th, 2018
The  weekly roundup of Africa's Private Capital news
  

Welcome to the latest preview of our weekly wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces. 
  
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Once again, many thanks for being a reader. I hope you take us up on our offer. If you have any questions, please email Allan Cunningham today.
This week's issue supported by...             
Africa 2018
Deal News...
Private Equity
PIC and Pelo take stake in beef producer
The Public Investment Corporation and Pelo Agricultural Ventures are acquiring a stake in privately-held Karan Beef, spending...

South Africa's PIC and Pelo Agricultural Ventures invest $365mln to acquire majority stake in Karan Beef
Private Equity
Investec makes fresh follow-on deal for Mobisol
Making an additional follow-on deal in Mobisol, Investec Asset Management is backing the off-grid solar system provider with fresh equity...
Private Equity
DPI makes third Moroccan deal for ADP II
Development Partners International is making its third Moroccan deal on behalf of its second fund, spending...
Private Equity
Zoscales makes first two deals for maiden fund
Last week, Zoscales Partners announced that it has made the first two deals for its maiden fund. The fund, whose primary focus is...
Private Equity
Injaro backs Ivorian soap manufacturer
Injaro Investments is making an investment in a soap manufacturer based in Côte d'Ivoire. The growth capital deal will...
Private Equity
Moringa invests in Ghanaian palm oil firm
For its first deal in Ghana, Moringa is backing B-BOVID Ltd, a palm oil producer. The impact investor is investing...
This week's issue supported by...             
IGCS - corrected
Funds & Fundraising News...
Private Equity
Novastar hits 60% of goal at Fund II's first close
Novastar Ventures held the first close for its second venture fund ten days ago, raising...
Private Equity
Naspers to launch tech start-up fund in 2019
Naspers announced that Naspers Foundry, a start-up funding and business building initiative to back South Africa tech startups, will launch next year...
Projects & Portfolio Companies...
Private Equity
Airtel Africa attracts global Private Equity firms
Airtel Africa attracted a significant investment from a group of global investors last week, in one of the largest cross-border M&A deals to take place in Africa this year....
Private Equity
Ethos-backed Echo merges ISP operations with GIN
Echo Service Provider, a corporate ISP in South Africa,has concluded a deal to merge its ISP operations in South Africa with those operated by...
Trends & Perspectives...
Perspectives
Reasons to be bullish for SA's investment opportunities
At last week's South Africa Investment Conference, CNBC Africa sat down with Tony Carroll of Acorus Capital to talk about investment opportunities in South Africa...
Perspectives
How the BUILD Act transforms US-Africa investments
Writing in Quartz, Jonathan Berman looks at how the recently enacted BUILD Act will boost the U.S. investment relationship with Africa...
Current Job Postings...
Jobs of the week...             
Graduate position at Verdant Capital  // africacapitaldigest.com
Based in Johannesburg, South Africa
Associate, TMT Corporate Finance at Investec  // investec.co.uk
Based in London, United Kingdom
Senior Investment Associate at CrossBoundary  // crossboundary.com
Based in Johannesburg, South Africa
Investment Associate, Equity (Manufacturing) at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Associate, Equity (Financial Institutions) at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Associate, Food & Agriculture at CDC  // cdcgroup.com
Based in London, United Kingdom
Upcoming Conferences...
Highlighted Event...             
Russia-Africa Trade & Investment Summit 
Dubai, November 28th to November 29th, 2018
The 26th Annual Wharton Africa Business Forum 
Philadelphia, November 2nd to November 4th, 2018
SuperReturn Africa 
Cape Town, November 5th to November 7th, 2018
Bonds, Loans and Sukuk Nigeria 
Lagos, November 6th, 2018
Project, ECA & Structured Finance Middle East and Africa 
Dubai, November 6th to November 7th, 2018
Africa Renewable Energy Forum 
Marrakech, November 14th to November 15th, 2018
Gas Options: North & West Africa Summit 
Marrakech, November 14th to November 15th, 2018
African Agri Investment and Trade Indaba 
Cape Town, November 27th to November 28th, 2018
Africa 2018 | Business for Africa and the World 
Sharm El-Sheikh, December 8th to December 9th, 2018
International Gas Cooperation Summit 
Durban, December 11th to December 12th, 2018
New this week...
Black Industrialists Energy Summit 
Cape Town, December 11th to December 12th, 2018
New this week...
South Africa Renewable Energy Summit 
Cape Town, December 11th to December 12th, 2018
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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