Private Equity |

Flint Atlantic invests in Africa Healthcare Network

LAGOS (Capital Markets in Africa) – Flint Atlantic Capital Partners (Flint Atlantic), a Nigerian based healthcare impact investment firm, has announced an investment into Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda. The investment was made jointly with US-based Polaris Partners (Polaris), a leading global healthcare venture capital firm and will help to fund AHN’s expansion in Rwanda and across Africa over the next two years. AHN operates dialysis units…

Scatec Solar and Norfund sign Power Purchase Agreement for Mozambique’s Solar Plant

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MAPUTO (Capital Markets in Africa) – Scatec Solar and Norfund have signed the Power Purchase Agreement securing the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM). The agreement was signed at a ceremony in Maputo yesterday in the presence of the Norwegian Minister of Foreign Affairs, Mr Børge Brende, the Mozambican Minister of Mineral Resources and Energy, Mrs Letícia Klemens as well as Dr Mateus…

South Africa’s M&R exits infrastructure sector with $23 million sale

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s Murray and Roberts (M&R) has sold its infrastructure and building business for 314 million rand ($23 million) as part of its drive to focus on projects for the global natural resources sector, it said on Tuesday. The engineering and construction group said in a statement it sold the business to Firefly Investments, which represents a consortium led by Southern Palace Group of Companies Proprietary Limited, a black-owned…

AfricInvest exits Tunisia’s Cotugrain Hortimag

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TUNIS (Capital Markets in Africa) – AfricInvest, a Pan-African midcap private equity firms, announced that its Maghreb Private Equity Fund II (MPEF II) has successfully sold its 20.06% stake in the Group Cotugrain Hortimag (Cotugrain Hortimag) to a consortium composed of BIAT Capital Risque (the private equity fund of BIAT, a leading private-sector bank in Tunisia) and the company’s owner, Mr. Adel Ghariani. Cotugrain Hortimag is a Tunisia-based leader in the production of seeds, fresh…

EGYPT: QALAA’S to sell 100% stake in DJELFA for $60million

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CAIRO (Capital Markets in Africa) – Qalaa Holdings, an African leader in energy and infrastructure, announced that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have signed a preliminary Share Purchase Framework Agreement (subject to certain terms and conditions) to sell 100% of ASEC Ciment Algérie “AACC” (Djelfa) for consideration of US$ 60 million in DZD equivalent. The acquiring party is a consortium of Algerian investors. AACC has a license to build a 3…

EAIF and Dutch development bank FMO in US$14.7 million loan

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KAMPALA (Capital Markets in Africa) – The Emerging Africa Infrastructure Fund (EAIF) has participated in a syndicate led by the Dutch development bank, FMO, to provide a US$14.7 million loan to enable the construction of a 10MW solar farm in the Tororo area of Eastern Uganda. EAIF has provided 50% of the loan. The Tororo Solar North PV project will serve an area heavily dependent on subsistence farming and with high unemployment. The development includes…

South Africa: Nisela Capital Purchases GENREC for $13million

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JOHANNESBURG (Capital Markets in Africa) – Nisela Capital, a private equity and advisory firm based in South Africa, has purchased GENREC Engineering from JSE-listed Murry and Roberts Holdings (an engineering and construction group) for R185 million, (approximately about $13.3 million). Murray & Roberts notes that the transaction with Nisela Capital, is still subject to certain conditions precedent and regulatory approvals. The transaction is not classified as a categorised transaction according to section 9 of the…

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