Thursday 23 May 2013

8 Miles Announce First Investment in Commodities Exchange Start Up

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...

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...

Transcentury Exit Tanzanian Tea Firm to Catalyst

Investment firm TransCentury were keen to streamline their investment portfolio to power and transport infrastructure and engineering, PE fund managers Catalyst Principal Partners saw another Tanzania opportunity: TransCentury sold their entire stake in...

Pearl Capital Partners Exit Africert

Kenyan Business Daily reports that Pearl Capital Partners (PCP have exited their 36% stake in Kenyan Africert through a sale to an undisclosed local buyer. Africert provides agribusiness certification services. According to the news coverage, ‘PCP’s...

Phatisa Invest USD10.5m in DRC Palm Oil Producer Feronia

The Phatisa-managed African Agriculture Fund (AAF) has announced a USD10.5m investment in Feronia Inc, the DRC palm oil producer. Feronia own three palm oil plantations in Yaligimba, Boteka and Lokutu as well as a commercial farm in Bas Congo Province....

XSML Invest in Coffee Firm in CAR

  XSML have certainly had a good year spending their funds: at the end of November 2012, the fund managers announced another acquisition from their Central Africa SME Fund (CASF), this time in a coffee firm in the Central African Republic (CAR)....

Agribusiness PE Investment: Big Potential, Slow Start

Private equity and agribusiness are uneasy bedfellows in Africa. The sector still counts for the majority of employment and economic activity in rural areas across the continent, and pops up in plenty of PE fund investment strategies here. But finding and...

Carlyle Team up for First SSA Deal

Carlyle Group have teamed up with the Pembani Remgro Infrastructure Fund and Standard Chartered Private Equity (SCPE) for their eagerly-awaited first deal, a USD210m first strategic minority investment in the Export Trading Group (ETG), an agricultural...

Investing in Agriculture: Invest in Markets and Know How, Too

Cape Business News published an article on the investment potential in Africa’s food and agribusiness sector. For the private equity industry in sub Saharan Africa – which is increasingly interested in both agriculture and agroprocessing –, the comments...

Kenya’s Britak to set up Real Estate PE Fund

More money for real estate: Kenyan investment firm British American Investment Company (Britak) Ltd are launching a USD100m private equity fund for investments in the region’s real estate sector. According to Britak’s managing director, Edwin Dande, the company aims to raise 15% of the fund from own resources and ‘friends...

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