September 3rd, 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...             
Deal News...
Venture Capital
Paystack lands strong Series A from investor group
Nigeria-based payment startup Paystack has raised a good amount of capital from group of investors...

Paystack Co-founders Ezra Olubi (l) and Shola Akinlade. The payments startup announced a Series A round last week. 
Venture Capital
Data startup Bamba acquired by one of its backers
Bamba, which was the beneficiary of one of the largest and most successful seed rounds completed by an East African startup last year, has been acquired...
Private Equity
IFC considers equity/debt deal for mortgage refi firm
The IFC's Board is set to meet in early October to consider a potential equity and debt investment in Tanzania Mortgage Refinancing Company...
Private Debt
OPIC makes loan to private equity-backed Twiga Foods
OPIC is investing debt in Twiga Foods, a mobile-driven supply platform for retail outlets, kiosks and market stalls in Kenya...
Fund & Fundraising News...
Private Debt
Off-Grid Energy Access Fund holds first close
It was announced last week that the LHGP-managed Off-Grid Energy Access Fund held its first close at the beginning of August..
Trends & Perspectives...
Trends
Africa continue to shine for investors
Bright Africa 2018, Riscura's research report on investing in Africa finds that the continent's many fast growing economies and burgeoning consumer and business spending offer savvy investors significant opportunities...
This week's issue supported by...             
Partner Content - Private Equity
Africa set to remain attractive to PE investors
For many investors, securing superior returns on their investment now means looking abroad to emerging markets. RMB Corvest CEO Mike Donaldson writes about how the continent's diverse countries each present a variety of risks and opportunities, giving local investors a slight edge when it comes to cherry-picking the right deals...
Perspectives
The one question this VC always asks startup CEOs
Business Insider talks to Akro Capital CEO Janine Basel about venture capital investing in South Africa...
Companies, People & Profiles...
Companies
Mauritius becomes Africa50's thirtieth shareholder
Mauritius has become Africa50's latest shareholder, bringing the number of African countries who have signed up to thirty...
Profile
Leapfrog Ventures wants to back 200 African startups
Ventureburn profiles Japanese venture capital firm Leapfrog Ventures which is aiming to back 200 African startups by 2020...
Current Job Postings...
Jobs of the week...             
Divison Manager, Strategy & Transaction Support PINS1 at African Development Bank  // afdb.org
Based in Abidjan, Côte d'Ivoire
Divison Manager, Corporate & Strategic Portfolio Management PINS2 at African Development Bank  // afdb.org
Based in Abidjan, Côte d'Ivoire
Chief Impact Officer at CDC  // cdcgroup.com
Based in London, United Kingdom
Regional Coverage Principal, (Lusophone Countries) at Trade Development Bank  // tdbgroup.org
Based in Kenya or Mauritius or Mozambique
Senior Investment Manager, Africa at CFM  // climatefundmanagers.com
Based in Nairobi, Kenya
New this week...
Investment Associate, Equity (Infrastructure) Investments at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Associate, Construction & Real Estate Equity Investments at CDC  // cdcgroup.com
Based in London, United Kingdom
Upcoming Conferences...
Highlighted Event...             
Regional Energy Cooperation Summit 
Accra, September 26th to September 28th, 2018
TMT Finance Africa 2018 
London, September 19th, 2018
Bonds, Loans and Sukuk East Africa 
Nairobi, October 2nd, 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
International Gas Cooperation Summit 
Durban, December 4th to December 5th, 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 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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