January 13th, 2020
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 the headlines below. Take a look.

Here's just 5 questions about the last week's deals that full access would answer for you:

1.  What IRR is Metier aiming to return to investors in its sustainable capital fund?
2. What's  the value and  stake size AfricInvest now holds in Land'Or?
3. What size did Off-Grid Energy Access Fund finally close at?
4. How much is Africa Finance Corporation paying to increase its ARISE IPP stake?
5.  Which advisors worked on the AfricInvest's sale of Polymedic?

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Have a good week!
This week's issue supported by...             
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Deal News...
Private Equity
AfricInvest sells stake in generics manufacturer
AfricInvest's Maghreb Private Equity Fund III has made a second exit, selling its stake in a manufacturer of generic drugs that it first backed in 2012.. .

Drugs
AfricInvest sells its interest in generics manufacturer Polymedic to NBK Capital and Foursan Capital
Image Credit: Pixabay
Private Equity Infrastructure
Pembani Remgro in deal for Data Center Operator
The Pembani Remgro Infrastructure Fund is participating in a deal for a Kenyan data center operator, ending up with a. ..
Private Equity Infrastructure
Africa Finance Corporation expands stake in ARISE IIP
Africa Finance Corporation is expanding its stake in ARISE Integrated Industrial Platforms (ARISE IIP) for a reported consideration of...
Private Equity
AfricInvest quadruples stake in Tunisian cheese maker
Tunis-based AfricInvest has quadrupled its stake in a cheesemaking business listed on the city's bourse. The private equity fund manager has acquired...
Private Equity
Bamboo Capital exits Nigerian microfinance bank
Bamboo Capital Partners has exited its investment in a Nigerian microfinance bank which it first backed seven years ago. The impact investment firm...
500 size
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Funds & Fundraising News...
Private Equity
Metier wins AfDB backing for latest sustainable fund
Metier's second sustainable capital fund landed a commitment from the African Development Bank late last week. As a result...
Private Equity
FMO invests in Acumen Agriculture Resilient Fund
Dutch development bank FMO has approved an investment in the Acumen Resilient Agriculture Fund. The 12-year fund is adding...
Private Debt
LHGP-managed Off-Grid Energy Fund holds final close
Last week it was announced that the Off-Grid Energy Access Fund had reached its final equity close in November last year. The debt fund now has...
Trends & Persepctives...
Venture Capital
Startups in Africa raised $1.34bln last year
Writing for Forbes, Toby Shapshak reviews WeeTracker's report on startup funding in Africa last year, which proved to be a record...
Venture Capital
Ten African startups to watch in 2020
Venture Capital publication Ventureburn has picked 10 startups in Africa as the ones to watch in 2020...
Companies, People & Profiles...
People
Bamboo Capital Partners appoints new Operations lead
Bamboo Capital Partners has hired a new Head of Operations. The Switzerland based impact investment firm has appointed...
Current Job Postings...
Job of the week...             
New this week...
Head, Financial Planning & Analysis at Twiga Foods
// twigafoods.com
Based in Nairobi, Kenya
Investment Partner/Principal at Sanari Capital
// sanari.co.za
Based in Johannesburg, South Africa
New this week...
Senior Investment Officer at IFC
// ifc.org
Based in Dakar, Senegal
Investment Director, Project Finance, Infrastructure at CDC
// cdcgroup.com
Based in London, United Kingdom
Investment Director, Funds & Capital Partnerships at CDC
// cdcgroup.com
Based in London, United Kingdom
Investment Manager, Intermediated Credit at CDC
// cdcgroup.com
Based in London, United Kingdom
New this week...
Associate, Financial Planning & Analysis at Twiga Foods
// twigafoods.com
Based in Nairobi, Kenya
Associate, Construction & Real Estate Equity Investment at CDC
// cdcgroup.com
Based in London, United Kingdom
Investment Associate at Sanari Capital
// sanari.co.za
Based in Johannesburg, South Africa
Upcoming Conferences...
Highlighted Event...             
Bonds, Loans & Sukuk Africa 2020 
Cape Town, South Africa, March 10th to March 11th, 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
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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