Eastern Africa | Africa Assets

Sunday 19 May 2013

Catalyst Acquire 50% Stake in Ethiopian FMCG Firm Tuesday, 14 May 2013 Nairobi-based private equity firm Catalyst Principal Partners announced the acquisition of a 50% stake in Ethiopian Yes Brands food & Beverages for an undisclosed sum. Yes Brands are a leading bottled mineral water company with a strong brand and... Read more about Catalyst Acquire 50% Stake in Ethiopian FMCG Firm Comments Quick view	8 Miles Announce First Investment in Commodities Exchange Start Up Saturday, 11 May 2013 Bob Geldof’s 8 Miles Fund will make its first investment by joining Morgan Stanley and the World Bank’s International Finance Corporation (IFC), with a USD5m seed capital investment in Eleni LLC, a Kenya-incorporated start up to set up commodities... Read more about 8 Miles Announce First Investment in Commodities Exchange Start Up Comments Quick view
Fanisi Announce Second Rwanda Investment Friday, 10 May 2013 Fanisi Capital have announced a USD3m investment for a significant minority stake in ProDev Group Holdings, an agribusiness company in Rwanda. ProDev Group Holdings has two subsidiaries: Mimex is the largest manufacturer of branded maize meal in the... Read more about Fanisi Announce Second Rwanda Investment Comments Quick view	Mobile East Africa – Moving Towards ICT4Profit? Friday, 15 March 2013 A few weeks back we attended the Mobile East Africa conference in Nairobi, largely out of curiosity to see what the VC world has been up to since we last looked in on the flurry of hype emanating from self-lauded newcomer funds such as 88mph and the... Read more about Mobile East Africa – Moving Towards ICT4Profit? Comments Quick view
Amethis Invest USD10.5m in Kenyan Chase Bank Wednesday, 13 March 2013 Amethis Finance have announced their first deal : a USD10.5m equity investment in Kenya’s Chase Bank. With the funding, Amethis aim to help Chase Bank grow into a leading regional bank focused on the SME consumer market. Chase Bank had shown strong... Read more about Amethis Invest USD10.5m in Kenyan Chase Bank Comments Quick view	Informal Nairobi Launch of the Eastern Africa Venture Capital Association (EAVCA) Monday, 25 February 2013 Things here may be a little on hold for the upcoming elections on 4 March, but investor interest in Kenya has been thriving, and this also applies to the private equity industry. The East Africa region is a key area for the private equity and venture... Read more about Informal Nairobi Launch of the Eastern Africa Venture Capital Association (EAVCA) Comments Quick view
Abraaj Invest in Ugandan Vine Pharmaceuticals Tuesday, 5 February 2013 Emerging-markets PE investor Abraaj have acquired a stake in Uganda’s largest pharmaceuticals retail chain, Vine Pharmaceuticals, through their Africa Health Fund. Vine Pharmaceuticals, funded in 1999, currently has 21 stores, 98 employees and a... Read more about Abraaj Invest in Ugandan Vine Pharmaceuticals Comments Quick view	Jacana Partners and InReturn Capital Announce Merger, USD75m SME Fund Tuesday, 29 January 2013 SME-financiers Jacana Partners have announced the merger with Nairobi-based InReturn Capital, also an SME-focused PE firm, after having co-operated on a less formal basis for the past three years. The merger, under the Jacana brand, is expected to be... Read more about Jacana Partners and InReturn Capital Announce Merger, USD75m SME Fund Comments Quick view
Kenyan Centum and Cassia Capital Acquire Stake in Microlender Friday, 25 January 2013 Listed investment firm Centum Investment Company has acquired a 45% stake in Platcorp Holdings Limited, the holding company for several regional micro finance institutions. Platcorp owns Platinum Credit Group of companies with regional operations in Kenya... Read more about Kenyan Centum and Cassia Capital Acquire Stake in Microlender Comments Quick view	Nairobi Securities Exchange Launches SME Market Tuesday, 22 January 2013 After several delays, the Nairobi Securities Exchange has finally launched the Growth Enterprise Market Segment (GEMS), set up to encourage listings of small and medium enterprises. The requirements for a GEMS listing are lower than those on the main... Read more about Nairobi Securities Exchange Launches SME Market Comments Quick view

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