Africa

Matteo Stefanel, formerly at The Abraaj Group, and Udayan Goyal, Founder and Managing Partner at Anthemis Group SA, have launched Apis Partners, a private equity asset manager focused on Financial Services in growth markets. The firm’s Apis Growth Equity Fund will leverage an operating network consisting over 20 financial services professionals with presence in 5 countries, an […]

Apollo Investment Ltd, a East African insurance group, has raised $14m from LeapFrog Investments. Following the transaction, Ashok Shah will is continue to serve as CEO of Apollo.  Commenting on the investment he said: “LeapFrog’s capital and global insurance expertise will help Apollo to become the preeminent regional player in insurance in East Africa – […]

Three subsidiaries of Ecobank Transnational Inc. will receive a US$14m investment from Advanced Finance and Investment Group, manager of the Atlantic Coast Regional Fund. The ETI subsidiaries involved in this transaction include Ecobank Chad, which will receive US$6m, Ecobank Liberia, which will receive US$4m, and Ecobank Rwanda, which will receive US$4m. The investments are provided […]

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, held the final close of its ECP Africa Fund III PCC with total commitments of over $613m. The fund will seek controlling stakes or influential minority positions in high growth companies through equity and quasi-equity investments including convertible debt […]

International Finance Corporation (IFC), a member of the World Bank Group, launched a new fund that will focus on investing in small and medium enterprises in central Africa.  The Central Africa Small and Medium Enterprise (SME) Fund, which is aimed at helping to improve access to finance, create employment, and reduce poverty in some of […]

Emerging Capital Partners (ECP), an international private equity firm, committed $25m to Wananchi Group Holdings, an East African media and telecommunications company specializing in pay television and high-speed Internet services in Kenya and Tanzania. ECP’s equity investment will be used to develop company’s network infrastructure, thereby enabling Wananchi to provide a triple-play service, consisting of […]

Skyvision, a UK-based provider of IP services over satellite and terrestrial fibre optic systems, raised $25m from Citi Venture Capital International. Skyvision has coverage over 120 countries and currently operates in more than 50 countries around the world with sales in 2009 estimated to exceed US $80m. SkyVision is a leader in its field in […]

GroFin announced the final close of the GroFin Africa Fund at US$170m. The fund, has the target to invest in roughly 500 small and medium enterprises in over a period of five years. To date the fund has committed $17m to 50 transactions and is currently considering investment into a further 24 companies to the […]