Monday 20 May 2013

Injaro Invest in Côte d’Ivoire Poultry Input Supplier

Injaro Agricultural Capital Holdings have announced an investment in Ivorian poultry farming supplier Proveto SA. Proveto plan to use the funds invested to resume their expansion plans that had been halted by the outbreak of Côte d’Ivoire’s conflict two...

Ghana’s VCTF Finalising Funding from China’s Exim Bank

Ghanaweb reports that the Venture Capital Trust Fund (VCTF) say they are in the process of finalising a USD150m financing agreement with China’s Exim Bank. VCTF is then expected to use this funding to obtain more commitments from DFIs. Founded in 2004,...

Phatisa-managed AAF Acquire Stake in Ivorian Bottling Plant

  African Agriculture Fund (AAF), an agribusiness-focused PE fund managed by Phatisa, acquired a minority stake in Continental Beverage Company (CBC), an Abidjan-based company bottling and distributing mineral water. CBC was established in 2004, and...

AFIG Invest in West African Fuel Chain, Vehicle Manufacturer

Through their Atlantic Coast Regional Fund (ACRF), AFIG have invested USD14m in fuel marketers Elton Senegal and Elton Gambia, and in vehicle manufacturer Senbus. The three entities are held through advisory firm Impaxis Capital’s wholly owned subsidiary...

Cauris to Invest EUR6m in West African Azalaï Hotels

West Africa fund manager Cauris Management will invest EUR6m in Azalaï Hotels, a hospitality chain operating six hotels in Benin, Burkina Faso, Guinea Bissau and Mali. Cauris’ investment will fund the group’s expansion to Côte d'Ivoire, Guinea Conakry and...

Ailing? Kaizen Will Come for You

It’s often difficult to be cheerful about ailing companies, banks’ limited financing capacities, and banking sector volatility. Not so for the gentlemen from Nigeria’s Kaizen Venture Partners (KVP) – when we interviewed partner Ngozi Dozie early this year...

Launch of Lagos Angel Investor Network

The Economist has an interesting short article on the launch of a new angel investor network in Lagos, Nigeria. Kenya has made a lot of headlines with its aspiring tech start ups, but while Nigeria does not have a similarly successful mobile money system...

PE Consortium Complete Recapitalisation of Nigeria’s Union Bank

After quite the long deal-making journey, a consortium of international and Nigerian investors has completed the recapitalisation of Nigeria’s Union Bank with USD500m in return for a 65% stake in the bank’s outstanding common shares. The Union Global Partners consortium members include African...

Nigerian Pensions Finally Invested in PE

Retirement savings through pension funds in Nigeria hit NGN1.4trn (USD8.8bn) in May 2012, local press reports. Of that, NGN2.5bn (USD15.8m) has been invested in private equity. Sounds like peanuts, but this is the first time any pension money in Nigeria...

SMEs Shy Away from Listing in Ghana

Despite plenty of press and promotional partnerships with VC firms, the Ghana Stock Exchange (GSE) has yet to lure many SME firms to list on its new small business platform, local press reports. The GSE partnered with SME private equity investors,...

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