Private Equity |

Private Equity | CDC Group makes new investment in Africa Internet Group

LONDON, Capital Markets in Africa: CDC Group, the UK’s development finance institution, announced a EUR50mn equity investment in Africa Internet Group (AIG). AIG is the parent company of Jumia, Africa’s leading e-commerce firm, as well as nine other online consumer businesses operating in 23 countries across the continent. AIG currently connects more than 50,000 local and international companies with millions of African consumers. CDC’s capital will help AIG improve its existing operations and expand into…

Investment | AFC fuels expansion at New Age with new investment

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Africa Finance Corporation (AFC) has announced that it is acting as lead arranger for an up to US$425mn senior mezzanine facility for New Age (African Global Energy) Limited (New Age), a privately held oil and gas exploration, development, and production company with assets primarily across Africa, to enable the company to further develop its existing assets and expand operations. AFC is investing US$75mn in the deal. AFC and the…

Alitheia Identity Managers Partners with US-based impact investor Capria

Posted on by The Editorial Team

NIGERIA, Capital Markets in Africa: Alitheia Identity Managers (Alitheia Identity) announced a partnership with Capria Ventures (Capria), a global impact investment firm that works with local fund managers to accelerate the flow of capital in emerging markets. Female entrepreneurs, women-led and gender-diverse management teams are particularly set to benefit. Commenting on Capria’s selection of Alitheia Identity for funding and support, Anne-Marie Chidzero, Managing Partner at Alitheia Identity said: “Together with the African Development Bank’s (AfDB)…

Lekela commits to funding Taiba Ndiaye Wind Project

Posted on by The Editorial Team

SENEGAL, Capital Markets in Africa: Lekela Power, a joint venture between leading growth markets investor, Actis (USD$6.3bn funds under management) and global renewable energy developer, Mainstream Renewable Power (over 10,000 MW in development, construction and operations) announced the acquisition of co-development rights and sole rights to invest in the 158 MW Taiba Ndiaye Wind Project in Senegal. Lekela is a Pan-African renewable energy generation platform delivering utility scale wind and solar power in the region…

Private Equity | Carlyle Sees Currency ‘Dislocation’ Stalling African Buyouts

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Volatile currencies and weaker commodity prices are keeping private equity investors focused on sub-Saharan Africa on the sidelines even though buyout firms have record amounts of cash to spend on acquisitions. “There’s been a dislocation in the market,” Marlon Chigwende, manager of Carlyle Group LP’s $698 million African fund, said by phone from London. “The dollar has appreciated strongly against a lot of African currencies so it’s had the effect of slowing…

Denham Capital and GreenWish Partners Sign Strategic Partnership

Posted on by The Editorial Team

NIGERIA, Capital Markets in Africa: Denham Capital, a leading global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, today announced a partnership to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020. The capital commitment will allow the African renewables platform to carry out a USD$1 billion project pipeline. Charlotte Aubin-Kalaidjian, CEO of GreenWish, said, “We look…

Private Equity | Harith, Africa Finance Merge $3.3 Billion Assets to Boost Growth

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Africa Finance Corp. and Harith General Partners Pty Limited. merged their African power assets in a bid to promote growth across the continent. The new entity’s portfolio will be valued at $3.3 billion and have 1.3 gigawatts of capacity in operation and under development, according to a joint e-mailed statement from the development institution and private equity company. The joint venture, which provides energy to 30 million people in 10…

« 1 … 41 42 43 44 45 … 58 »