January 6th, 2020
The  weekly roundup of Africa's Private Capital news

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This week's issue supported by...             
AFSIC 2020
Deal News...
Private Equity
Pepsi acquires stake in Ethiopian snack producer
PepsiCo is acquiring a stake in a producer and distributor of potato chips (or crisps) which was set up by Veris Investments in Ethiopia in 2015. The business. ..

PepsiCo acquires significant stake in producer of Ethiopia's SUN Chips
Image Credit: Pixabay
Private Equity
CRE and Omidyar co-lead Rensource's Series A
CRE Venture Capital and Omidyar Network have led a group of investors backing Rensource Energy's Series A.. .
Private Equity
FinDev Canada backs SSA-focused renewable energy IPP
Set up nearly three years ago, Canada's development finance institution is making its first equity deal in a Canadian company, albeit one with. ..
Private Equity
CDC sells remaining stake in Ugandan bank
Having first backed the business 55 years ago, CDC is selling the remaining stake it holds in DFCU, a Uganda banking business...
Private Equity
responsAbility invests equity in Malawian solar project
Swiss impact investment firm responsAbility is backing one of Malawi's first solar projects with equity as part of financing committed by investors. The deal is...
Funds & Fundraising News...
Private Equity
Verod's third fund hits hard cap at final close
Having hit its original final close target by July last year, Verod Capital Management's third fund has now closed at its hard cap, landing...
Project & Portfolio Company News...
Private Equity
American Towers' deal for Eaton completes
American Towers has completed the deal to acquire Eaton Towers Holding, paying an estimated...
Private Equity
Africa50 invests in Actis-backed Azura Edo IPP
Africa50 is making its third West African power sector investment of the past two months, backing the 461MW Azura-Edo IPP in Nigeria...
A New Year brings New Opportunities
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Companies, People & Profiles...
Company
USA's new DFI begins operations
The United States government's new development finance institution officially began operations at the beginning of the year, altering the...
People
DOB Equity's CEO relocates back to Europe
As of January 1st, DOB Equity is operating under a shared leadership structure in Africa, following the relocation of its CEO...
Current Job Postings...
Job of the week...             
Investment Partner/Principal at Sanari Capital
// sanari.co.za
Based in Johannesburg, South Africa
Investment Director, Project Finance, Infrastructure at CDC
// cdcgroup.com
Based in London, United Kingdom
New this week...
Investment Director, Funds & Capital Partnerships at CDC
// cdcgroup.com
Based in London, United Kingdom
New this week...
Senior Investment Officer at IFC
// ifc.org
Based in Johannesburg, South Africa
New this week...
Investment Officer at Ford Foundation 
// fordfoundation.org
Based in New York, USA
New this week...
Investment Manager, Intermediated Credit at CDC
// cdcgroup.com
Based in London, United Kingdom
Investment Associate, Infrastructure Equity at CDC
// cdcgroup.com
Based in London, United Kingdom
Investment Associate at Sanari Capital
// sanari.co.za
Based in Johannesburg, South Africa
Investment Associate, Infrastructure Equity at CDC
// cdcgroup.com
Based in London, United Kingdom
Associate, Africa Funds, Funds & Capital Partnerships at CDC 
// cdcgroup.com
Based in London, United Kingdom
Upcoming Conferences...
Highlighted Event...             
SAVCA 2020 Annual Conference 
Stellenbosch, South Africa, Februay 25th to February 27th, 2020
Investing in African Mining Indaba 
Cape Town, South Africa, February 3rd to February 6th, 2020
Africa Tech Summit 
Kigali, Rwanda, February 4th to February 6th, 2020
Powering Africa Summit 
Miami, United States, February 24th to February 26th, 2020
Bonds, Loans & Sukuk Africa 2020 
Cape Town, South Africa, March 10th to March 11th, 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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