Thursday 23 October 2014

Helios Join USD130m Investment Round in Wananchi Group

PE firm Helios Investment Partners have joined existing investors like Altice SA, Liberty Global, Emerging Capital Partners (ECP) and the Africa Telecoms, Media and Technology (ATMT) Fund in a new investment round of USD130m for triple-play operator...

Guest Post: Invested Development on Tech Subsidies

Nairobi has grown to be a key hub for emerging-market based technologyinvestors. The relative stability, strong regional GDP growth, comparably modern infrastructure, and a growing technology community make it attractive for many of us. For the same...

Capital Eye to Launch New ICT Fund

Capital Eye Investments are planning to launch a new venture capital fund for ICT start ups as well as established technology businesses. Capital Eye, spun off UCS Group after the latter was acquired by Business Connection in 2014, has already made 13...

Fusion Capital Acquire Stake in Xtra Publishing Ltd

Fusion Capital have announced the acquisition of a 40% stake in Kenya-incorporated Xtra Publishing Ltd, the publisher of free newspaper X News launched in the March 2014 in the capital Nairobi. Fusion’s funds will be invested in IT and editorial systems...

Providence Equity Partners Join Helios Towers Investment

Providence Equity Partners and the IFC’s Africa Fund have joined existing investors ‑ Quantum Strategic Partners, Helios Investment Partners, Albright Capital Management, RIT Capital Partners and the International Finance Corporation (IFC) ‑ in a USD630m...

DEMO Announce Finalists for Lagos Event

DEMO Africa, one of the larger pitch competitions and now in its third year, have announced the 40 finalists for the upcoming event in Lagos from 22 to 26 September. These 40 were selected from what VC4Africa described as ‘more than 400 serious...

Nigerian Government Hopes to Close VC Fund Shortly

According to Nigeria’s Minister of Communication and Technology, Mrs Mobolaji Johnson, the planned USD15m ICT VC fund will close at the end of June 2014. While Mrs Johnson said that the Nigerian government would provide around USD3.6m for the fund that...

Invested Development Acquire Stake in iProcure Agricultural Services Start Up

Early-stage impact investment fund Investment Development have announced the acquisition of an undisclosed stake in iProcure, a technology start up in Kenya, through their BSP Fund. IProcure provide software for agricultural retailers to support their...

Tiger Global Management Invest USD100m in South African E-Commerce Site Takealot

Three-year old South African e-commerce website Takealot.com will receive a massive USD100m investment from hedge and PE fund manager Tiger Global. Takealot is built on the Amazon model, retailing books, music, games, as well as sports and lifestyle goods...

Guest Post: What Does Pivot East’s Selection Tell Us About Africa’s Entrepreneurs?

Outsourcing is a useful thing, and Russell Southwood, the brain behind Balancing Act Africa and SmartMonkey TV, is rapidly becoming our favourite man to keep prodding the start-up scene with a (figurative) stick. Read on for his thoughts on the selection...

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