Financial Services | Africa Assets

Sunday 19 May 2013

AfricInvest and DFIs Co-Invest in Zimbabwean NMBZ Holdings Thursday, 21 February 2013 Private equity firm TunInvest-AfricInvest have teamed up with two DFI, Dutch FMO and Norwegian Norfund, to jointly invest USD14.8m for a 26.97% stake in NMBZ Holdings, listed on the Zimbabwe Stock Exchange. The funds will double the group’s banking unit... Read more about AfricInvest and DFIs Co-Invest in Zimbabwean NMBZ Holdings Comments Quick view	Kenyan Centum and Cassia Capital Acquire Stake in Microlender Friday, 25 January 2013 Listed investment firm Centum Investment Company has acquired a 45% stake in Platcorp Holdings Limited, the holding company for several regional micro finance institutions. Platcorp owns Platinum Credit Group of companies with regional operations in Kenya... Read more about Kenyan Centum and Cassia Capital Acquire Stake in Microlender Comments Quick view
Bamboo Finance Acquire Controlling Stake in Accion Microfinance Friday, 16 November 2012 Private equity group Bamboo Finance have spent USD10m to acquire a controlling stake in Accion Investments in Microfinance (AINV), a for-profit equity fund set up by NGO Accion in 2003 to provide capital on a commercial basis for microfinance... Read more about Bamboo Finance Acquire Controlling Stake in Accion Microfinance Comments Quick view	PE Consortium Complete Recapitalisation of Nigeria’s Union Bank Friday, 19 October 2012 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... Read more about PE Consortium Complete Recapitalisation of Nigeria’s Union Bank Comments Quick view
Alphabet Dealmaking: ADC Locks Up Banc ABC with Majority Shareholding Wednesday, 15 August 2012 Pan-African banking focused investment company, African Development Corporation (ADC) has become the majority shareholder in its portfolio company, BancABC. ADC invested another USD49m through underwriting the bank's recent rights offer and took home 50.4... Read more about Alphabet Dealmaking: ADC Locks Up Banc ABC with Majority Shareholding Comments Quick view	Actis Exits Rwandan BCR Wednesday, 18 July 2012 Emerging markets private equity firm Actis has sold its stake in Banque Commerciale du Rwanda (BCR) to Kenyan I&M Bank Limited, and French and German development finance institutions Proparco and DEG. Actis acquired an 80% interest in BCR in the 2004 privatisation, with the remaining 20% interest retained by the... Read more about Actis Exits Rwandan BCR Comments Quick view
Adlevo Capital Acquire Stake in Nigerian Pagatech Tuesday, 26 June 2012 Adlevo Capital have acquired an unspecified stake in Nigerian mobile money services firm Pagatech, co-investing alongside Omidyar Network, Acumen Fund, Capricorn Investment Group, and current investor, Goodwell West Africa Microfinance Development Company. Pagatech intend to use the capital injection to fund its growth and... Read more about Adlevo Capital Acquire Stake in Nigerian Pagatech Comments Quick view	AfricInvest, Aureos, SwedFund Invest USD54m in UAP Insurance Group Tuesday, 5 June 2012 Aureos Africa Fund L.L.C, AfricInvest Fund II L.L.C and AfricInvest Financial Sector Fund, and Swedfund International AB have announced a joint investment of KES4.7bn (USD54m) in East African insurance firm UAP Group. The investment will support the... Read more about AfricInvest, Aureos, SwedFund Invest USD54m in UAP Insurance Group Comments Quick view
South African PIC Ventures Out with USD250m Investment in Ecobank Wednesday, 30 May 2012 South Africa’s Public Investment Corporation, which manages the funds of the Government Employment Pension Fund (GEPF), has signed an agreement with Ecobank Transnational Incorporated, the parent company of pan-African banking group Ecobank, under which PIC will invest USD250m for 19.58% of the company’s shares, and... Read more about South African PIC Ventures Out with USD250m Investment in Ecobank Comments Quick view	Leapfrog Investments Acquire USD5.5m Stake in Ghana’s Express Life Tuesday, 22 May 2012 Insurance-focused private equity fund Leapfrog Investments have acquired a majority state in Ghana’s Express Life Insurance Company for USD5.5m. Leapfrog did not disclose how much of the company they now own. Express Life targets a low-income demographic with products that cost less than USD10 a month. The acquisition in... Read more about Leapfrog Investments Acquire USD5.5m Stake in Ghana’s Express Life Comments Quick view

Pages

Banner

Events