Friday 18 April 2014

Atlas Mara Hire CEO, Agree Rwanda Deal with Former ADC Asset

After a slow start, Atlas Mara Co-Founder Bob Diamond is getting his groove on: The acquisition of fellow Africa bank investor BancABC/Africa Development Corporation (ADC) is under way. To beef up human resources, he has now hired former Barclays...

TransCentury Exit Rift Valley Railways Investment to Citadel

This ends a few weeks of (probably not very heated) speculation after TransCentury issued their cautionary statement in late January 2014 that they were considering selling their stake in the Kenya-Uganda Rift Valley Railways (RVR): They announced today...

Acumen Announce Ethiopia Poultry Investment

Impact investor Acumen have announced an investment in AGFlow Ventures, who are majority owners of Mekelle Farms, Ethiopia’s largest producer of chicks. Mekelle Farms, founded in 2010, target rural farmers with fast-maturing, high-performance, disease-...

Pearl Capital Partners Invest USD2.3m in Kenyan Dairy Firm

  Pearl Capital Partners have acquired a ‘substantial minority stake’ in Kenyan Eldoville Dairies Ltd, a dairy processing firm, for KES200m (USD2.3m). Eldoville produce yoghurts, cheeses, butter and cream. The company intend to use the funds to...

Catalyst Announce Investment in EFFCO Tanzania Ltd

Tanzania may be a confounding place for many people, but Nairobi PE firm Catalyst Principal Partners seem to like it there: they have just announced their third deal in the country, the acquisition of a controlling stake in heavy equipment rental and...

TransCentury to Acquire Kenyan Cable Holdings Stake from Aureos in Share Swap

  Kenyan listed investment firm TransCentury are seeking to consolidate their shareholding in Cable Holdings (Kenya) Ltd (CHK) through a share swap with Aureos East Africa Fund (now owned by Abraaj Capital). CHK controls 68.38% of the voting shares...

Agri Vie Acquire Stake in Kenyan Flower Farm

  Nicely timed around Valentine’s Day when Nairobi is a polyester-wrapped storm of red roses, agribusiness PE fund Agri Vie announced a USD5m investment in Kariki Group, a flower farm and exporter. Agri Vie did not disclose their stake in the...

Tanzania Grappling with the Concept of Private Equity?

  In last year’s Private EquityConfidence Survey that we published with Deloitte, we described Tanzania as the unlikely PE country: It’s not the easiest country to investment in, but managed to attract a number of larger PE deals, chiefly from our...

Actis Acquire 36% Stake in East African Tyre Company

Emerging markets private equity firm Actis have announced the acquisition of a 36% stake in AutoXpress, one of East Africa’s leading tyre wholesale and retails firms, for an undisclosed amount. With the funding, AutoXpress plan to expand their Kenyan...

TBL Mirror Fund Invest in Kenyan Salon Chain

SME fund manager TBL have acquired a minority stake in Neo Amadiva, a new Nairobi beauty salon chain. Amadiva currently has two outlets in the capital, but hopes to use the funding to set up new branches as well as franchise branded stores across the...

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