Thursday 30 July 2015

Carlyle Exit First Sub Saharan Africa Investment

Carlyle Group have announced that they will sell their first sub Saharan Africa investment, their minority shareholding in Tanzanian Export Trading Group (ETC) back to the management team and founders. In late 2012, Carlyle had teamed up with the Pembani...

Fanisi Acquire USD6m Minority Stake in Tanzanian Agribusiness Company

SME fund Fanisi have acquired a minority stake in Tanzanian Kijenge Animal Products Ltd for USD6m. Kijenge’s operations include maize milling, animal feed production, and poultry farming and processing. Fanisi’s investment will provide growth capital to...

Abraaj Complete UAP Exit to Old Mutual

Emerging markets investor Abraaj Group have completed their exit of Kenyan UAP Holdings Ltd by selling the 13.6% stake to international insurance group Old Mutual. In 2015, Abraaj and their co-investors AfricInvest and Swedfund had agreed to sell their 37...

TBL-Managed Venture Fund Receives Over 200 Applications

SME fund manager TBL Mirror Fund, also managers of the new USD1m Spark Venture Fund set up by Kenya’s largest mobile operator Safaricom, have received more than 200 applications for the first funding round. Start ups will receive between KES7m (USD68,000...

Fanisi Capital Invest in Outdoor Advertising Firm

Nairobi-based Fanisi Capital have acquired a ‘significant minority stake’ in outdoor advertising firm Live Ad Limited for an undisclosed amount. The investment was made through Fanisi’s first USD50m Fanisi Venture Capital Fund. Live Ad currently manages...

Helios Subsidiary Invests USD100m in Africa Oil Corp

Helios subsidiary Stampede Natural Resources will invest USD100m in Africa Oil Corporation (AOC) for 12.4% of the company through a private placement. The deal is still subject to regulatory approvals, but is expected to take place by the end of May 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...

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