Saturday 30 August 2014

New Africa SME Fund Mkoba Launches in Tanzania

CEO and partner Frannie Léautier chose Tanzania to incorporate her new Africa private equity fund, Mkoba Private Equity – reportedly the first PE fund in the country. The fund’s website is still under construction, but a bit of Google spying reveals a...

Actis Establish Credit Services Holding, Acquire CompuScan

With the establishment of Credit Services Holdings (CSH), emerging markets investor Actis, have also announced the acquisition of CompuScan, the largest independent credit reference bureau in sub Saharan Africa. CompuScan offer credit data, decision...

Carlyle Close First Africa Fund 40% Above Target

Carlyle closed their first sub Saharan Africa fund at USD698m, 40% above their initial USD500m target. They had launched the fund in early 2012. Speaking to the FT, MD and co-head of Carlyle’s sub Saharan Africa team Marlon Chigwende said that half of the...

ADC and Atlas Mara Team up for Joint Bank Holding

When we first read about Atlas Mara’s investments plans, we thought ‘That looks a bit like ADC’s Africa bank holding plans. And here they are, merging into one: African Development Corporation (ADC) announced that their management and board have approved...

2013 Private Equity Confidence Survey: Seeking Clarity and Opportunities

As in the previous years, the survey has three parts: A review of the 2013 data, based on Africa Assets’ database Text boxes looking into some industry trends and developments, and The actual confidence survey, managed by the Deloitte Nairobi office...

Guest Post: The Sustainability of Africa’s Start-up Culture

Russell Southwood, the man behind the Africa ICT platform Balancing Act Africa and the founder of Smart Monkey TV, took a look at six African incubators. There are some interesting lessons here, plus plenty of links to Smart Monkey videos with interviews...

Helios Investment in Financial Services Firm Bayport

Helios Investment Partners have announced a USD100m investment in Bayport Management Ltd (BML), a provider of unsecured credit and other financial services solutions. Bayport was founded by South African entrepreneurs Grant Kurland and Stuart Stone in...

ADC Listed on the Frankfurt Stock Exchange

  The African Development Corporation (ADC) announced its successful transformation into a stock corporation listed on the Frankfurt Stock Exchange. The supervisory board under the chairmanship of Alastair Newton will remain unchanged and will...

Actis to Lead USD1.5bn in Real Estate Investments

In an interview with Bloomberg, Actis’ director of the firm’s sub Saharan Africa real estate unit Kevin Teeroovengadum stated that they would lead real estate investments of up to USD1.5bn. Part of this funding will come from the proceeds of Actis’ second...

PAHF Announce First Close of USD41.5m

The Phatisa-managed Pan African Housing Fund (PAHF) has announced its first close of USD41.5m. The fund aims to raise a total of USD100m, with fundraising to be completed in 2013. The African Development Bank (AfDB) had earlier committed USD7m to the fund...

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