Tuesday 01 September 2015

Carlyle Exit First Sub Saharan Africa Investment

Carlyle Group have announced that they will sell their first sub Saharan Africa investment, their minority shareholding in Tanzanian Export Trading Group (ETC) back to the management team and founders. In late 2012, Carlyle had teamed up with the Pembani...

Injaro Invests in Ghanaian Animal Feeds Producer

Impact investor Injaro Agricultural Capital Holdings (IACHL) have announced an investment in Ghana’s Agricare, a Ghanaian animal feeds producer in Kumasi. The investment was made through Injaro’s local subsidiary, Injaro Agricultural Venture Capital Ltd (...

Fanisi Acquire USD6m Minority Stake in Tanzanian Agribusiness Company

SME fund Fanisi have acquired a minority stake in Tanzanian Kijenge Animal Products Ltd for USD6m. Kijenge’s operations include maize milling, animal feed production, and poultry farming and processing. Fanisi’s investment will provide growth capital to...

1001 Voices Stick to South Africa with Second Deal

Impact investment and family fund 1001 Voices (1K1V) have announced plans to acquire an undisclosed minority stake in South African Beefmaster Holdings Ltd, a producer and distributor of beef-related products. The company plans to use the funds to expand...

Spear Capital Acquire 27% Stake in Zimbabwean Dendairy

Speak Capital have invested USD6m in debt and equity for a 27% stake in Dendairy, Zimbabwe’s second largest dairy company. MN Africa Capital acted as advisors on the transaction. Dendairy – who compete with the state-owned Dairiboard Holdings and Mugabe-...

AfricInvest Acquire Minority Stake in Commodities Dealer Elephant Group

AfricInvest will acquire an undisclosed minority stake in Nigerian Elephant Group, an agricultural commodities trader. The investment will enable Elephant Group who trade in fertiliser, rice, and and palm oil ‑ to expand their operations to increase their...

One Thousand & One Voices Make First Investment in South African RedSun

Family fund One Thousand & One Voices have made their first investment, playing it relatively safely by acquiring a stake in South African RedSun Dried Fruits & Nuts (Pty), a processor and distributor of high-quality raisins in the Northern Cape...

ARM Capital Partners and IFC Announce Co-Investment in Nigerian Food Manufacturer

The World Bank Group’s International Finance Corporation (IFC) and ARM Capital Partners have announced a joint USD9.5m equity in Nigerian Boulos Foods and Beverages Ltd. The IFC will contribute USD3.5m and ARM USD6m. Boulos, incorporated in Ibadan, Oyo...

AFDB Commits EUR10m to Moringa PE Fund

The African Development Bank (AfDB) has approved a EUR10m (USD12.6m) investment in the sub Saharan Africa compartment of the Moringa private equity fund. This follows the announcement of a first close of more than USD50m, just passing the half-way mark of...

Injaro Investments Announce Final Close of Agriculture Fund

Injaro Investments Ltd have announced the final close of their USD49m Injaro Agricultural Capital Holdings Ltd, their West Africa fund. New commitments to the fund come from anumber of DFI lie CDC (through their DFID impact fund), FMO (MASSIF Fund), and...

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