The
weekly roundup of Africa's Private Capital news
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We hope that you, your colleagues and your families continue to weather the COVID-19 viral crisis well and are not going too stir crazy with the enforced lock downs. Here's our weekly wrap of the deal and fundraising activity that took place in Africa last week which we hope helps keep you connected with what's going on in the market,
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Best wishes to everyone for a healthy, productive week.
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This week's issue supported by...
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Private Equity
Ninety One and RMBV sell partial stakes in Kamoso
Ninety One, (formerly Investec Asset Management), and RMB Ventures have sold partial stakes in Kamoso Africa to the Botswana Development Corporation for...
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The inside of a Liquorama store, part of Kamoso Africa's FMCG platform backed by BDC last week
Image Credit: Kamoso africa |
Private Equity
Silk Road Fund completes deal for ACWA Power platform
China's Silk Road Fund has completed a deal first announced in June last year to acquire a significant stake in a renewable energy platform set up by ACWA Power...
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Private Equity
Absa makes an investment in A2X Markets
Last week, A2X Markets, a startup stock exchange on South Africa, announced that Absa had made an investment in the firm as part of a...
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Private Equity
Fanisi Capital makes third education sector deal
Fanisi Capital has made its third investment in the education sector in its home country of Kenya, backing St. Bakhita Schools on behalf of...
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Venture Capital
Accel back again to lead Instabug's Series A
Instabug, a startup launched some eight years ago in Egypt, announced the close of its Series A round recently, which was led by Accel Partners, one of Silicon Valley's...
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Venture Capital
Egypt's CVentures takes part in round for British fintech
CVentures, a unit of Commercial International Bank, Egypt's largest private bank, has taken part in an investment found for...
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Venture Capital
Brimore raises pre-Series A in Algebra-led round
Having led Brimore's seed round twelve months ago, Algebra Ventures is back again, leading a group of existing and new investors in the Egyptian startup's...
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ESG
ESG and Africa's Unlisted Companies: Responsible Investing in Africa; Keeping Objects in Motion
A look at PRI's philisophy around supporting investors in breaking through their own inherent inertia when it comes to the rapidly evolving world of ESG integration and responsible investment.
Written by Nicole Martens, Head of Africa & Middle East, UN-supported Principles for Responsible Investment (PRI)
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Fund & Fundraising News...
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Private Equity
Novastar's second fund wins over prior fund LPs
Novastar Ventures has wrapped up fundraising for its second fund, bringing the final total in terms of commitments to...
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Private Equity
SEDF makes commitments to two gender-focused funds
The Soros Economic Development Fund announced commitments to two women-led investment funds targeting deals that advance economic and gender equity in Africa...
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Projects & Portfolio Companies...
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Private Equity
ECP-backed Mukuru buy Zoona's Malawian operations
Mukuru, an international money operator and remittance business backed by Emerging Capital Partners has acquired assets belonging to one of its industry...
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| Companies, People & Profiles... |
People
Gbadegesin takes up the reins at ARM-Harith
After more than 5 years working at AFC, heading the multilateral institution's heavy industry and telecoms investment unit, Tariye Gbadegesin has taken up the reins...
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People
GreenTec appoints Senior Legal Counsel
GreenTec Capital Partners has appointed a senior legal executive from Deutsche Asset Management to be the Africa-focused venture capital firm's legal counsel...
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Chief Credit Officer at IFC
// ifc.org
Opportunities in Cairo, Egypt, Rabat, Morocco and Johannesburg, South Africa
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Investment Director, Africa Private Equity at BlueOrchard
// blueorchard.com
Based in Zurich, Switzerland
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Senior Consultant, Transaction Services & Valuations at FTI
Based in Johannesburg, South Africa
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Consultant, Transaction Services & Valuations at FTI
// fticonsulting.com
Based in Johannesburg, South Africa
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Senior Investment Officer at IFC
// ifc.org
Based in Johannesburg, South Africa
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Investment Executive, Trade & Supply Chain Finance at CDC
// cdcgroup.com
Based in London, United Kingdom
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Investment Officer at IFC
// ifc.org
Based in Dakar, Senegal
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Nairobi, Kenya, August 27th to August 28th, 2020
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Nairobi, Kenya, June 24th to June 25th, 2020
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Johannesburg, South Africa, September 7th to September 11th, 2020
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Paris, France, September 22nd to September 23rd, 2020
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Amsterdam, The Netherlands, October 20th to October 22nd, 2020
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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
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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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Africa Capital Digest is a product of Rowayton Press
Rowayton, CT 06853, USA
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