Sunday 11 December 2016

SAVCA: Private Equity Plays Growing Role in Funding Infrastructure Gap

SAVCA released latest figures from their 2016 Private Equity Industry Performance Survey, showing the growing role that the industry plays in financing infrastructure development in sub Saharan Africa: The survey indicates that of the ZAR165.3bn in...

EAIF, FMO Team up for USD14.7m Solar Farm Financing

The Emerging Africa Infrastructure Fund (EAIF) is participating in a syndicate led by Dutch DFI FMO that will provide a USD14.7m loan for the construction of a 10MW solar farm and its connection to the grid near Tororo in Eastern Uganda. EAIF will finance...

Adenia Partners Announce Majority Investment in Ivorian Ademat

Adenia Partners have announced the acquisition of a majority stake in Côte d’Ivoire’s Ademat, a local market leader in distributing, installing and maintaining power devices, inverters, and other electrical and IT products. Ademat services corporate...

Rockefeller Commit USD10m to USD117.5m Funding Round for Actis’ Lekela

Rockefeller Brothers Fund have committed USD10m to Lekela, a renewable energy joint venture between private equity firm Actis (60%) and Mainstream Renewable Power (40%). This is Rockefeller’s first direct stake in a renewable energy company, marking the...

Africa Finance Corporation Issue Debut CHF100m Bond

The Africa Finance Corporation (AFC) have announced the issue of their debut senior unsecured CHF100m bond. AFC say that the bond will allow them to further diversify their funding sources and provide additional long-term liquidity support to the company’...

AIIM Announce Exit from Three Toll Roads in South Africa

African Infrastructure Investment Managers (AIIM) have announced the exit from three toll roads in South Africa via competitive bids. The transaction had been made through the South Africa Infrastructure Fund (SAIF) and is reportedly the largest private...

Investec to Manage Emerging Africa Infrastructure Fund (EAIF)

Investec Asset Management have been appointed as the manager for the USD670m Emerging Africa Infrastructure Fund (EAIF). EAIF, founded in 2002, is a multi-donor public-private partnership backed with equity by the UK, Dutch, Swedish and Swiss government...

Abraaj Group Acquire Energy Project Developer Themis

Emerging markets private equity fund manager Abraaj Group have announced the acquisition of Themis Energy to support the group’s activities as a dedicated energy project development arm: ‘Themis will lead or partner with other project developers in order...

GuarantCo Open East Africa Office to Support Infrastructure Investments

GuarantCo has opened a new office in Nairobi to cover the East and Southern African markets. Jane Kotut Sang has been appointed as the regional director, and Eugene Ntananga will support her as the regional advisor. GuarantCo will provide local currency...

African Renewable Energy Fund (AREF) Announces Final Close at USD200m

The African Development Bank (AfDB) announced that the Kenya-based Africa Renewable Energy Fund (AREF) had reached its fundraising target of USD200m for 5MW to 50MW grid-tied renewable energy projects. Lead sponsors of the fund are the AFDB and its...

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