September 23rd, 2019
The  weekly roundup of Africa's Private Capital news

Was this forwarded to you? For your own free weekly preview edition, click here
  

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 these headlines. Take a look.

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

1. Who led Verod Capital's acquisition of Metropolitan Life Nigeria?
2.  How much is CDC committing to ADP III? 
3. What size is FairMoney's Series A round?  
4. How will Yalelo put its fresh financing from Finnfund to work?
5.  Which advisors worked on the Verod/Momentum transaction?

Check out the special offer we have in force at the moment!
Just $5 for the first month gets you access to answers to these questions and more!

The $5 for the first month all digital plan please click here

If you would like to find out more about a team membership for your organization, please email Teresa Hall at  [email protected].
This week's issue supported by...             
Bonds Loans Sukuk Nigeria 2019
Deal & Fundraising News...
Private Equity
Verod Capital backs insurance firm for Fund II's final deal
Verod Capital Management is making its last investment for its second fund, buying Metropolitan Life Insurance Nigeria outright from Momentum Metropolitan Holdings...

Verod's final deal for Fund II bets on significant growth in demand for insurance products among middle class consumers 
Image Credit: Pixabay

Private Equity
Equity deal for fish farm a first for Finnfund in Zambia
Finnfund is making its first direct investment in Zambia, backing an integrated aquaculture company on Lake Kariba with equity. The deal sees...
Venture Capital
Omidyar's Flourish leads Series A for Nigerian fintech
Flourish Ventures, an evergreen investment vehicle managed by The Omidyar Group, has led a consortium of investors backing FairMoney's Series A...
Private Debt
FMO provides chocolate producer with credit facility
Dutch development bank FMO is backing a subsidiary of Ghana's largest independent cocoa processor with debt. The development finance institution has agreed to...
Funds & Fundraising News...
Private Equity
DPI lands fund commitment from UK's CDC
Development Partners International has landed a significant commitment for its latest fund from Britain's development finance institution...
Private Equity
AfDB supports launch of new energy private equity fund
The African Development Bank's Sustainable Energy Fund for Africa is supporting the launch of a new Nigerian private equity energy fund being developed by All On...
Venture Capital
South Africa's SME Fund and TIA backs venture funds
The SA SME Fund is teaming up with the South African government's Technology Innovation Agency to invest in three venture capital funds...
Trends, Strategies & Perspectives...
Perspectives
Writing in the Financial Times, Harry Broadman looks at some of the key determinants of success for AfCFTA...
Perspectives
Mistakes to avoid when investing in the MENA region
Weak understanding of real risk levels leads to higher returns for MENA's informed investors...
Perspectives
Assessing PPP project bankability in Africa
As the utilization of PPPs for infrastructure projects grows around the world, Baker McKenzie looks at the key bankability factors that should be reviewed...
Perspectives
Four anti-corruption trends in Africa to watch
With U.S. enforcement agencies increasingly targeting corrupt practices among Chinese companies operating in Africa, Chinwe Esimai highlights 4 trends to watch...
Current Job Postings...
Job of the week...             
Investment Officer at LeapFrog Investments
 
// leapfroginvest.com
Based in London, United Kingdom
Chief Operating Officer, IBP Funds at Investec
 
// investec.co.uk
Based in London, United Kingdom
New this week...
Senior Investment Officer at IFC
// ifc.org
Based in Accra, Ghana
New this week...
Senior Investment Officer at IFC
// ifc.org
Based in Abidjan, Cote d'Ivoire
New this week...
Senior Investment Officer at IFC
// ifc.org
Based in Luanda, Angola
Investment Associate, Direct Equity Consumer at CDC 
// cdcgroup.com
Based in London, United Kingdom
New this week...
Associate Investment Officer at IFC
// ifc.org
Based in Addis Ababa, Ethiopia
New this week...
Associate Investment Officer at IFC
// ifc.org
Based in Doula, Cameroon
New this week...
Associate Investment Officer at IFC
// ifc.org
Based in Johannesburg, South Africa
New this week...
Business Analyst at First Brick Holdings
 
// firstbrick.io
Based in Nairobi, Kenya
New this week...
Investment Analyst at Roha Group
// roha-africa.com
Based in Nairobi or Addis Ababa
New this week...
Healthcare Investment Analyst at Roha Group
 
// roha-africa.com
Based in Nairobi, Addis Ababa or Dubai
Upcoming Conferences...
Highlighted Event...             
Africa PPP 2019 
Cape Town, South Africa, October 22nd to October 24th, 2019
Investing Impact Capital in Africa Alternatives
New York, USA, September 24th, 2019
Africa Property Investment Summit & Expo 
Johannesburg, South Africa, October 2nd to October 3rd, 2019
Africa Investor Week 
Johannesburg, South Africa, October 7th to October 9th, 2019
3rd Renewable Energy & Power Infrastructure Investors Conference 
Addis Ababa, Ethiopia, October 31st, 2019
AfricArena 
Cape Town, South Africa, November 11th to November 12th, 2019
TMT Finance Africa 2019 
London, United Kingdom, November 28th, 2019
SuperReturn Africa 
Cape Town, South Africa, December 2nd to December 4th, 2019
Bonds, Loans & Sukuk Nigeria 2019 
Lagos, Nigeria, December 3rd, 2019
2020 Conferences...
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

Africa Capital Digest is a product of Rowayton Press 
Customer Service |  [email protected] | P.O. Box 141,
Rowayton, CT 06853, USA