Monday 27 June 2016

Catalyst Add to Manufacturing Portfolio with Orbit Investment

Kenyan Catalyst Principal Partners have announced the acquisition of an undisclosed stake in Kenyan Orbit Chemical Industries, a family-owned business founded in 1972 as a trader of chemicals. Today, the company provides domestic and commercial cleaning...

Equator Capital Partners, Progression Capital Invest in Kenyan Jamii Bora Bank

Equator Capital, via their ShoreCap II fund, and Progression Capital, via their Progression Eastern African Microfinance Equity Fund, have announced an investment in Kenyan Jamii Bora Bank. Jamii Bora has its origins in the social sector, having been...

Fusion Capital Announce Exit from Kenyan Athi River Residential Development

Kenyan private equity firm Fusion Capital have announced the exit from their ‘Graceland’ Athi River residential real estate development at a 2x return for their investors. The project had started in 2008 and Fusion Capital had provided the developer with...

Kiva-Founder Raises USD9.2m for East Africa Mobile Loan Service

VC firm Andreessen Horowitz have teamed up with Khosla Impact and Formation 8 to provide USD9.2m in Series A funding for Branch, the digital banking start up founded by Kiva co-founder Matt Flannery. Previously, Branch had raised USD1.6m from Khosla and...

Duet Acquires Stake in Kenyan Fidelity Bank

British investment firm Duet Group will invest a reported USD18.6m for an undisclosed stake in Kenya’s Fidelity Bank. is paying approximately $18.6 million for an undisclosed stake in Kenya’s Fidelity Bank, helping to raise the banks’ capital base to an...

Kuramo Capital to Invest USD20m in Kenyan TransCentury

US-headquartered investment manager Kuramo Capital will acquire an undisclosed stake in ailing Kenyan investment firm TransCentury for USD20m. This comes just days before the 25 March deadline when TransCentury is due to repay a USD75m, five-year bond....

AfricInvest Aquire Stake in Silafrica Plastics and Packaging

AfricInvest have announced the acquisition of an undisclosed stake in Tanzanian Silafrica Plastics and Packaging International Ltd, an East Africa plastics and packaging group previously wholly owned by Sumaria Group. The company had been founded in the...

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....

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