Tuesday 03 March 2015

Permira Make Africa Entrance with Teraco Investment

European private equity firm Permira Advisors LLP have made their Africa market entry with the acquisition of a controlling stake in South African data centre group Teraco Data Environments. The value of the transaction was not disclosed. Permira’s...

USD710,000 Seed Funding for West African Start Ups and the Finland Connection

Good news from our internet neighbours over at VC4Africa: IroFit, a Nigerian-Finnish mobile payments start up, raised USD600,000 in seed funding from a group of investors who include ‘Nordic early-stage VC firm Inventure, major Finnish payments industry...

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...

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