Duet Group, a UK-headquartered global alternative asset management firm with over US$4.7 billion of assets under management (AUM), invested US$50m of growth capital and took controlling stakes in two Ghana-based companies. The investments were made via its newly formed Duet Consumer West Africa Holdings (DCWA). The companies are: – Shop N Save, a supermarket joint-venture […]

Rancard, a Lagos (Nigeria), Accra (Ghana) and Mauritius -based provider of social recommendations technology for mobile content and services, raised an undisclosed amount of venture capital funding. The round was led by Peninsula Capital with participation from existing backers Intel Capital and Adlevo Capital. The company intends to use the funds to grow the team, build partnerships and […]

Emerging markets fund manager LeapFrog Investments held the initial close for its second fund at US$204m. Supporter included MetLife Inc., Prudential (USA), XL Group, Achmea, PartnerRe and Swiss Re, JPMorgan Chase & Co., Christian Super and TIAA-CREF, CDC, DEG, the European Investment Bank, FMO, and Oikocredit. Led by Andrew Kuper, President and Founder, LeapFrog Investments […]

Rancard Solutions Limited, an Accra, Ghana-based software developer, has raised a growth funding of undisclosed amount. Backers include Adlevo Capital Managers and Intel Capital. The company intends to use the funding to accelerate expansion across Africa. Launched in 2001 by Kofi Dadzie, CEO, and Ehizogie Binitie, Rancard provides cloud based mobile content discovery software and […]

The Accra, Ghana based-Venture Capital Trust Fund has signed a $10m shareholding agreement with four other private sector companies to establish the Ebankese Venture Fund, which will provide funding and technical support for the Real Estate sector in the country. Partners of Ebankese Venture Fund include Venture Capital Trust Fund, HFC Bank Ghana Limited, Ghana […]