Saturday 13 February 2016

54 Capital Announce New Ethiopia Investment in Pharmaceuticals Firm

54 Capital have announced a USD30m investment in Addis Pharmaceutical Factory (APF), with the option to invest another USD12m. The company is headquartered in Adigrat, in the north of the country, and has factories in both Adigrat and Addis Ababa. It...

Kenya’s M-KOPA Solar Firm Raises USD19m

Solar light distributor and financier M-KOPA have announced that they raised USD19m in their fifth funding round. British Generation Investment Management LLP committed USD10m, and the remainder was raised from several high-profile individuals like...

Helios to Acquire Orange’s Stake in Telkom Kenya

Helios Investment Partners and telecoms multinational Orange Group have signed a binding agreement under which Orange would sell their 70% stake in Telkom Kenya to the private equity firm, subject to regulatory approvals. The deal size was not disclosed....

Catalyst Principal Partners Appoint New Chair of Investment Committee, Senior Advisor

During their annual investor cocktail, Catalyst Principal Partners have announced two appointments: Andrew Reicher will serve as the chairman of the firm’s investment committee, and Jim Seymour will join Catalyst’s board of senior advisors. Both bring...

GuarantCo Open East Africa Office to Support Infrastructure Investments

GuarantCo has opened a new office in Nairobi to cover the East and Southern African markets. Jane Kotut Sang has been appointed as the regional director, and Eugene Ntananga will support her as the regional advisor. GuarantCo will provide local currency...

Ascent Capital’s First Fund Reaches Final Close Above Target at USD80m

Ascent Capital have announced the final close of USD80m for their Ascent Rift Valley Fund (ARVF), significantly above the US60m initially targeted. Their financial backers include two Kenyan pensions funds who contributed a total of USD5m, several...

Centum Capital Hire Brian Kiai as New Deputy Director

Kenyan investment firm Centum Capital have hired Brian Kiai as their new Deputy Director. In this position, he will mainly be in charge of the firm’s investment portfolio in real estate, but also drive their business in their new investment areas,...

Phatisa Housing Fund Invests in Kenya Residential Development

The Phatisa-managed Pan African Housing Fund (PAHF) has announced a co-operation with Kenyan Tamarind Properties for a residential property development in Nakuru Town, Kenya’s fourth-largest town. Nakuru Meadows, on a 10 acre piece of land, will have 140...

AfricInvest Exit Brookhouse Schools to Educas

AfricInvest and coinvestors have announced the sale of their stake in Kenyan Brookhouse Schools to British education investor Educas. AfricInvest had made their investment through their AfricInvest Fund II in 2010. Brookhouse offer the British national...

Helios Complete Equity Bank Exit with Sale to NSSF

Helios Investment Partners have announced the sale of their final 5.58% stake in Kenyan Equity Bank Group to the National Social Security Fund (NSSF), Kenya’s government-run pension fund. This completes Helios’ exit from the regional banking group: In...

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