Saturday 25 April 2015

Atlas Mara to Acquire Second Rwandan Bank

The East African reports that bank investor Atlas Mara are in the process of acquiring a 90% majority stake in a second bank in Rwanda, the Banque Populaire du Rwanda (BPR). Atlas Mara have not made any official announcement, but the planned...

Fanisi Invest USD2.1m in Kenyan Food Producer

SME PE firm Fanisi Capital have announced an investment of USD2.1m in debt and equity in Kenyan food producer European Foods Africa Ltd (EFAL), an SME producing and distributing frozen foods. Its products, which include quality pizzas, whole berries and...

Yida Kemoli Joins Phatisa from TransCentury

After six years as the Head of Corporate Finance and Strategy at Kenyan investment firm TransCentury, Yida Kemoli is joining fund manager Phatisa as Senior Partner East Africa. Kemoli started his career at JP Morgan’s European Debt Capital Markets...

DFI LPs Sponsor New Energy Access Fund

A group of DFI LPs have teamed up with Schneider Electric to launch the Energy Access Fund, intended to ‘improve access to sustainable energy in sub Saharan Africa’. The DFIs have partnered with Schneider Electric, a global energy management company. The...

8 Miles Co-Invest in Ugandan Bank

8 Miles have joined a consortium of local investors to buy Bank PHB, formerly Orient Bank, from the current Nigerian owners. The consortium includes the original founders of Orient Bank who lead the consortium as well as Chinese business man who is a...

Phatisa’s PAHF Tackle First Real Estate Project with Africa Reit

Phatisa’s Pan African Housing Fund (PAHF) will, together with Africa Reit Ltd, acquire a six-acre property in Nairobi’s suburb Karen Langata to develop affordable housing for around 1,400 people, a total investment of around USD20m. The Karen Langata area...

Ascent Capital Obtains Investment Commitment from Second Kenyan Pension Fund

Ascent Capital have raised USD1m from a second Kenyan pension fund, the Nation Media Group’s Staff Retirement Benefits Scheme, for their Ascent Rift Valley Fund (ARVF). In July 2014, Ascent had announced their first USD50m close, which included a...

Ascent Capital Acquire Stake in Ethiopian Clinical Laboratories in First Deal

In their first deal, Nairobi-based Ascent Capital will invest USD2.5m from their their Ascent Rift Valley Fund (ARVF), in Medpharm Holdings Africa, a holding firm for medical diagnostic laboratories that operates International Clinical Laboratories in...

M-KOPA Solar Raise USD12.45m in Fourth Funding Round

Kenya-incorporated solar light distributor M-KOPA have announced that they have raised USD12.45m in debt and equity in their fourth funding round. This round was led by LGT Venture Philanthropy who first invested in M-KOPA in 2011. Lundin...

Phatisa’s AAF Invest in Kenya’s General Plastics Ltd

Through their African Agriculture Fund (AAF), fund manager Phatisa have invested in Kenya-incorporated General Plastics Ltd, a manufacturing of packaging products for producers in the food, beverage and agro-chemical sector in Eastern Africa. This is AAF’...

Pages