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Africa

20 February 2012

Private equity firm ECP granted exclusivity over purchase of Addax and Oryx division

oil-oil_lrg Private equity firm Emerging Capital Partners has been granted an exclusivity agreement by Addax & Oryx for the purchase of its supply, storage and distribution business.

20 February 2012

Congolese call centre First & Future secures backing from XSML

call-centre_lrg First & Future, the Democratic Republic of Congo’s first independent call centre, has secured financial backing from Amsterdam-based emerging market investor XSML’s Central Africa SME Fund.

20 February 2012

Impact investor Acumen Fund to expand into West Africa

kenya-africa_sq Acumen Fund, the impact venture capital firm that invests in companies serving low-income consumers, is expanding into West Africa, with new investments in companies supporting land rights and agriculture in low-income communities across Ghana.

20 February 2012

CDC announces $40m investment in African banks and microfinance

africa_lrg The UK’s development finance institution CDC has announced $40m of investment into African banks and microfinance.

13 February 2012

ECP takes on Lionstone founder to lead Nigeria operations

Amaechi-Ndili-2_sq Pan-African private equity firm Emerging Capital Partners has hired Amaechi Ndili to lead the firm’s Nigeria operations.

13 February 2012

Bob Geldof’s 8 Miles raises $200m for African private equity

africa-tanzania_sq African private equity firm 8 Miles has completed a first close of its first fund, with commitments of $200m.

9 February 2012

African agriculture investor EmVest inks funding from Truestone

kenya-africa_sq Sub-Saharan African agriculture investor EmVest Asset Management has received its first allocation from Truestone Impact Investment Management, which focuses on delivering market rate returns from social and environmental investments.

8 February 2012

Nairobi-headquartered InReturn Capital backs Horizons Office

office_lrg East Africa-focused private equity firm InReturn Capital has entered into a partnership with Horizons Office, to finance the expansion of Horizon's serviced offices business.

31 January 2012

Emerging Capital Partners sells stake in African home builder

kenya-africa_sq Pan-African private equity firm Emerging Capital Partners has netted a 1.5 times return after selling its 24.9 per cent stake in Batim Africa, an Ivory Coast-based company specialising in land development and housing construction.

30 January 2012

Ethos buys South African corporate clothing company Kevro for $108m

south-africa_sq Johannesburg-based private equity firm Ethos has bought South African corporate clothing company Kevro for ZAR850m ($108m).

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