Private Equity |

Zimbabwe Plans a Green-Energy Fund to Boost Generation

HARARE (Capital Markets in Africa) – Zimbabwe plans a green-energy fund to promote the use of renewables, with the initial aim of making up a 600 megawatt shortfall in electricity production. The southern African nation wants to generate at least 1,000 megawatts of power, or 16 percent of its total projected generation, through solar and other renewable energy systems by 2025, according to the energy ministry’s final draft of a policy document emailed to Bloomberg News. State-owned…

LeapFrog invests US$180mn in Enterprise Group Ghana

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ACCRA (Capital Markets in Africa) – LeapFrog Investments, the profit-with-purpose investor in emerging markets, today announces a total investment of US$180mn in Ghanaian financial services market leader, Enterprise Group Limited (Enterprise Group). The transaction draws from a US$350mn separately managed account, LeapFrog Strategic African Investments (LSAI), which was established in 2016 to access high growth markets in Africa. The Enterprise Group commitment represents LeapFrog’s largest investment to-date and marks the first investment of LSAI, a fund…

Infrastructure | AIIM acquires 44% stake in Mali Energy Farm

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BAMAKO (Capital Markets in Africa) – African Infrastructure Investment Managers (AIIM), the continent’s most experienced equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali. Albatros Energy Mali will build, own, operate and transfer a 90 megawatt (MW) thermal power station in Kayes, western Mali and it will be the West African nation’s first independent power project (IPP) to feed into the national grid. Jurie Swart, AIIM’s…

AfricInvest invests in International Community School, Ghana

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ACCRA (Capital Markets in Africa) – AfricInvest, a leading pan-African mid-cap-focused Private Equity firm, is pleased to announce that its AfricInvest Private Equity Fund III has invested in International Community School Limited (ICS), a leading private K-12 school in Ghana. Through its investment, AfricInvest aims to support the growth of ICS by upgrading its facilities and funding its other expansion plans to re-enforce the success of the school in both its Kumasi and Accra locations….

Catalyst acquires strategic interest in Kensta Group

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NAIROBI (Capital Markets in Africa) – Catalyst Principal Partners LLC (Catalyst) has announced its acquisition of a significant minority interest in Kensta Group (Kensta). Kensta Group is a 52-year-old third generation family business, with headquarters in Kenya and operations in five East African countries. Since inception, Kensta, through its various investments has played a pivotal role in the east African printing and packaging Industry and has been instrumental in changing the face of office automation…

Building Starts on Solar Plant to Power Burkina Faso Gold Mine

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OUAGADOUGOU (Capital Markets in Africa) – Construction has begun on a 15-megawatt solar project to help power Iamgold Corp.’s Essakane gold mine in Burkina Faso, developers Eren Renewable Energy SA and Africa Energy Management Platform said Tuesday. The project, which is expected to cost $20 million, is scheduled for completion in January 2018, according to Christophe Fleurence, Eren’s vice president for business development in Africa. The developers have signed a 15-year power purchase agreement with…

Adenia Partners successfully closes fourth fund at EUR230mn

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LAGOS (Capital Markets in Africa) – Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, is pleased to announce the final closing of Adenia Capital (IV). After being significantly oversubscribed, the fund closed at its hard cap of EUR230mn of LP commitments six months after its first closing in November 2016, well above its target of EUR200mn. Adenia Partners gathered a well-diversified collection of investors, with…

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