Monday 22 December 2014

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...

8 Miles in the Market for Chicks

It’s all about the chicks: 8 Miles have announced an investment in Uganda’s Biyinzika Poultry International Ltd (BPIL). The amount invested was not disclosed. Founded in 1990, BPIL is the market leader for day-old chicks and has 21 outlets around the...

OPIC and MIGA Team up on USD350m Political Risk Insurance for Agribusiness Fund

The US Overseas Private Investment Corporation (OPIC) and the World Bank’s Multilateral Investment Guarantee Agency (MIGA) will co-operate on a USD350m political risk facility for agribusiness investments in sub Saharan Africa. The facility will offer...

Global Investment Firm KKR Make First Africa Investment in Ethiopian Flower Farm

Global investment firm Kohlberg Kravis Roberts (KKR) have made their first Africa private equity deal with a USD200m investment in Ethiopian flower firm Afriflora. Dutch Afriflora set up the Ethiopian operation, Sher Ethiopia, in 2004, and in 2008 took...

Acumen Announce Ethiopia Poultry Investment

Impact investor Acumen have announced an investment in AGFlow Ventures, who are majority owners of Mekelle Farms, Ethiopia’s largest producer of chicks. Mekelle Farms, founded in 2010, target rural farmers with fast-maturing, high-performance, disease-...

Pearl Capital Partners Invest USD2.3m in Kenyan Dairy Firm

  Pearl Capital Partners have acquired a ‘substantial minority stake’ in Kenyan Eldoville Dairies Ltd, a dairy processing firm, for KES200m (USD2.3m). Eldoville produce yoghurts, cheeses, butter and cream. The company intend to use the funds to...

Agri Vie Acquire Stake in Kenyan Flower Farm

  Nicely timed around Valentine’s Day when Nairobi is a polyester-wrapped storm of red roses, agribusiness PE fund Agri Vie announced a USD5m investment in Kariki Group, a flower farm and exporter. Agri Vie did not disclose their stake in the...

Phatisa’s AAF Acquire Majority Stake in Malawian FES

Phatisa, managers of the African Agriculture Fund (AAF), have announced the acquisition of a majority stake in Malawi-incorporated Farming and Engineering Services Ltd (FES), an agricultural engineering and equipment distribution company. FES started out...

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