Africa Private Equity

Actis invests in pan-African food retailer, Food Lovers’s Market

Johannesburg, South Africa — Actis, an emerging market investor, today announced an investment of R760m (US$54m) in Food Lover’s Market, estimated to be the largest independent food retail group in Africa. Actis is acquiring a substantial minority stake in the business and backing founders Brian and Mike Coppin, together with the existing management team, who have created a remarkable success story based on a market leadership position in fresh produce retail. Food Lover’s Market is…

Africa’s much-trumpeted growth is a reality but not a quality growth — Dr. Calos Lopes

Posted on by The Editorial Team

Kinshasa, DR Congo, Capital Markets in Africa — The most urgent challenge faced by Africa at the present time is how to eradicate poverty while promoting prosperity. While we seem to be doing well on the latter front, with average economic growth of 5 per cent over the past decade – well above the global average – the picture is much less encouraging with regard to the fight against poverty. Africa’s much-trumpeted growth is a…

The Abraaj Group acquires majority stakes in Al Kindy and Menara to create the largest private oncology and imaging diagnostics network in Morocco

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Casablanca, Morocco, Capital Markets in Africa — The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, announced the acquisition, through its second generation North Africa Fund, of a majority stake in Centre de Traitement Al Kindy (‘Al Kindy’), Casablanca’s private oncology clinic, and Clinique Spécialisée Menara (‘Menara’), an oncology and imaging diagnostics center in Marrakech. Al Kindy and Menara together form the largest private integrated network of imaging diagnostics and…

Adenia Partners exits Hôtel du Louvre investment and Newpack

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Port Louis, Mauritius, Capital Markers in Africa — Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has exited its investment in Hôtel du Louvre, a flagship business hotel located in Antananarivo, the capital city of Madagascar, to a group of local investors. During the life of this investment, Adenia Partners transformed the formerly 2-star hotel into a 4-star hotel with 78 rooms and a solid international corporate client base. With significant upgrades to…

Mediterrania Capital Partners in Société Meunière Tunisienne acquisiton

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Tunis, Tunisia, Capital Markets in Africa — Mediterrania Capital Partners, the regional Private Equity firm focusing in growth investments for SMEs in North Africa and Sub-Saharan countries, announces the acquisition of a 23% stake in Société Meunière Tunisienne through its second fund Mediterrania Capital II (“MC II”). Mediterrania Capital II has acquired a 23% stake in Société Meunière Tunisienne (SMT), a Tunisian company specialising in wheat collection, transformation and distribution. SMT, with its brand “Randa”,…

African Renewable Energy Fund, successfully reaches final close at its target of US $200 million

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Abidjan, Cote d’Ivoire, Capital Markets in Africa —The African Renewable Energy Fund (AREF), a dedicated renewable energy fund focused on sub-Saharan Africa, announced during the African Development Bank’s “Energy Week” that it successfully reached its final close at its hard cap, with US $200 million of committed capital to support small- to medium-scale projects, with investment at the final close from European Investment Bank (EIB) and the Global Energy Efficiency and Renewable Energy Fund (GEEREF), among…

AIIM continues to serve Africa’s growing energy demands through investment in hydro power

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Cape Town, South Africa, Capital Markets in Africa — African Infrastructure Investment Managers (AIIM), an African infrastructure equity investment manager, has announced its industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an established global manufacturer and developer of small and medium hydro power plant equipment, to develop a pipeline of hydro power plants across Africa. The partnership will facilitate the development of a pipeline of small and medium hydro power plants in Cameroon,…

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