Saturday 31 January 2015

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’...

Ascent Capital Looking for an Extra USD10m for First Fund

In an interview with Reuters, Ascent Capital’s partner Guy Brennan said that the fund manager would seek to increase their first fund by USD10m to USD60m. The Ascent Rift Valley Fund had been launched in February 2014 with USD40m, targeting Eastern Africa...

Amethis Acquire 30% Stake in Kenyan Ramco

Amethis Finance have announced the acquisition of a 30% stake in Ramco Plexus, a Kenya-incorporated group of nine companies that provide services in print, packaging, hardware, office supplies and ICT consulting services in East Africa. Ramco Plexus has...

Centum, Others Increase Shareholding in Kenya’s K-REP Bank

Triodos Bank, through their Triodos Sustainable Finance Foundation subsidiary, have sold their 14.5% stake in Kenyan K-REP Bank to existing shareholders Centum Investment Company Ltd, and K-REP Group for an undisclosed amount. Centum now own a controlling...

ADC Exit Resolution Health to LeapFrog

African Development Corporation (ADC) have announced the sale of their 38.74% stake in Resolution Health East Africa (RHEAL) to Peter Nduati, the CEO and founder of the company, and LeapFrog Investments who will be acquiring a majority stake from a...

Catalyst Invest in Microfinance Bank

Busy year end: at their annual investor reception, Nairobi private equity firm Catalyst Principal Partners announced the acquisition of an undisclosed stake in microfinance bank Jamii Bora. Two months ago, in September, the Catalyst team had completed an...

Accion Venture Lab Invest in Kenyan Umati Capital

Accion have announced an undisclosed investment in Umati Capital, a Kenyan lending company that provides invoice discounting and other forms of working capital to East African SMEs. The investment was made through Accion’s USD10m Venture Lab focused on...

Fusion Capital Invest KES2bn in Meru County Real Estate Development

Fusion Capital have announced an undisclosed investment in the KES2bn (USD22m) Meru Greenwood Park, an integrated development in the business district in Meru County. The property – a joint investment with several local investors through a joint venture...

Acumen and Novastar Invest in Solar Distributor SolarNow

Imact investors Acumen and Novastar Ventures have announced an investment in SolarNow, a Ugandan distributor of quality solar home systems to rural markets. The company supplements its distribution services with a financing solution that allows clients to...

Helios Join USD130m Investment Round in Wananchi Group

PE firm Helios Investment Partners have joined existing investors like Altice SA, Liberty Global, Emerging Capital Partners (ECP) and the Africa Telecoms, Media and Technology (ATMT) Fund in a new investment round of USD130m for triple-play operator...

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