Thursday 17 April 2014

Guest Post: Start-up Attention Shifting from Kenya to Nigeria?

  By Russell Southwood from Balancing Act Africa and Smart Monkey TV   Suddenly Lagos is the focus of start-up attention in Africa with the arrival of Angel Fair West Africa and the soon-to-be-launched 88Mph accelerator unit in Lagos. Last...

Convergence Partners Invest in 4Di Capital Fund 1, Transfer Tech Investments

Convergence Partners have announced an investment in South African technology venture capital firm 4Di Capital’s Fund 1, joining existing LPs Reinet Fund and E. Oppenheimer & Son. Convergence will also transfer their portfolio of current tech...

Guest Post: The Sustainability of Africa’s Start-up Culture

Russell Southwood, the man behind the Africa ICT platform Balancing Act Africa and the founder of Smart Monkey TV, took a look at six African incubators. There are some interesting lessons here, plus plenty of links to Smart Monkey videos with interviews...

Convergence Partners’ ICT Infrastructure Funds Reaches First USD145m Close

Convergence Partners have announced the first close of USD145m of their Communications Infrastructure Fund (CPCIF), to date the only private equity fund exclusively dedicated to ICT infrastructure on the continent. The fund managers have received capital...

XSML Invest in DRC Outdoor Advertising Firm

Central Africa SME fund managers XSML have acquired a stake in MIS Impression Sprl, an outdoor advertising firm in the DRC. In addition to outdoor advertising, MIS offer offset printing and textile printing services. MIS are headquartered in Kinshasa. The...

Medu Capital to Acquire Book Retail Chain

  A consortium around private equity firm Medu Capital have acquired upmarket book retailer Exclusive Books as well as academic and reference text book publisher Van Schaik Group of Companies for ZAR435m from Times Media Group (TMG). TMG have...

Internet Company Builder Spark Raises USD2m

Lagos-based Spark have raised USD2m from a group of 17 international high net worth individuals, which gives the three-month old company a valuation of USD10m. Spark was founded by internet entreprneurs Jason Njoku (who already made headlines with iROKOtv...

Satya Capital Back Call Centre Acquisition

Through an investment by Satya Capital, ISON Growth have fully acquired Spanco BPO Africa Ltd, which has subsequently been rebranded. The deal size was not disclosed, but Satya Capital reportedly make investments in the range from USD20m to USD50m. ISON...

Silvertree Capital Invest in Nigerian Online Consumer Goods Retailers

Techloy reports that South African VC firm Silvertree Capital has invested an undisclosed sum in two Nigerian websites, Sunglasses.com.ng and Glamour.com.ng, both e-commerce sites offering fashionable sunglasses and other optical products, and cosmetics,...

AMVF Invest USD200,000 Seed Capital in Hotel Booking Portal

Dutch Africa Media Ventures Fund (AMVF) will invest USD200,000 in seed funding for an undisclosed stake in online hotel booking platform SleepOut.com to support their expansion across other African markets and the Middle East. The BETA site was launched...

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