Private Equity |

Investment | Actis invests in leading Maghreb Pharmaceutical business Medis

TUNISA, Capital Markets in Africa: Actis, a leading growth markets investor, today announced a significant investment in Medis Group (Medis), a prominent branded generic pharmaceuticals business in Tunisia and Algeria. Actis has acquired a meaningful stake in the business from Africinvest, one of the key PanAfrican Mid-cap PE players, and from the founding Boujbel family. Actis will also inject further funds into the business to finance a buy-and-build strategy to create a leading pan- African…

Investment | DOB Equity invests in Kenyan tech-enabled food wholesaler

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NAIROBI, Capital Markets in Africa: DOB Equity, a leading Dutch family office, announced that it had taken a minority stake in Twiga Foods, the Kenyan wholesaler, to expand its reach in the fast growing African micro-vendor food market. DOB Equity says Twiga Foods’ integrated and tech-enabled business model reduces costs and increases convenience for vendors in Nairobi by allowing them to buy fruit and vegetables through their mobile phone and delivering supplies directly to retailers’ stalls….

Private Equity: A Value Add Infrastructure Investor, the largest Asset Class in Africa

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LAGOS, Nigeria, Capital Markets in Africa: Sub-Saharan Africa’s economies have shown impressive growth since the global financial crisis, outperforming the global average by 200 basis points. A critical underpin to this growth has been the flow of foreign capital from private sources into the continent’s leading economies. In no other sector is this as prevalent as infrastructure. Infrastructure development in Africa has lagged behind population growth over the past fifty years, and governments have begun…

Investment | ACA invests in leading Nigerian biscuit company

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LAGOS, Capital Markets in Africa: An investment consortium made up of African Capital Alliance (ACA), 8 Miles and Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG), has announced an investment in Beloxxi Industries Limited (‘Beloxxi’ or ‘the Company’), a market leading Nigerian biscuit manufacturing company. The consortium has invested US$80mn for a substantial minority stake to expand the capacity of Beloxxi, to address significant unmet demand and to grow its regional distribution presence. Additional details of the transaction…

Investment | DEG invests in Nigerian food producer

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LAGOS, Capital Markets in Africa: Deutsche Investitions- und Entwicklungsgesellschaft mbh (DEG) announced an investment in the Nigerian Beloxxi Industries Ltd. (Beloxxi) with around US$10mn, with which the biscuit manufacturer plans to expand its production. Further investors are the investment companies, 8 Miles and Africa Capital Alliance, which invested an additional amount of US$70mn. The family-run company, Beloxxi, produces cream crackers in its state of the art production facility. These thin, crispy wheat crackers are becoming…

Private Equity: Norfund, FMO and Rabobank join forces and invest in financial institutions to support growth in Africa

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LAGOS, Nigeria, Capital Markets in Africa: Norfund, FMO and Rabobank have entered into a partnership to reaffirm their long-term commitment to Africa’s future development, growth potential, and the local financial sector. The partners are committed to strengthening and develop effective, inclusive financial systems in Africa. It is also envisioned that Banco Montepio, a financial group based in Portugal with banking investments in Africa, will join the partnership in the near future. The partners currently hold…

Investment | Sahel Capital in Dayntee Farms deal

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LAGOS, Nigeria, Capital Markets in Africa: Sahel Capital, Fund Managers for the Fund for Agricultural Finance in Nigeria (FAFIN), announced its most recent investment – in Dayntee Farms Limited, a commercial poultry farm located in Kwara State, in the North Central region of Nigeria. Founded in 2011, Dayntee Farms produces a variety of poultry products including table eggs, day‐old chicks and point‐of‐lay birds, which it supplies to customers across the country. The company is run by a strong management…

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