Sunday 02 August 2015

Convergence Partners Announce Final Close of ICT Infrastructure Fund

Convergence Partners have announced the final close of their Convergence Partners Communication Infrastructure Fund (CPCIF) at ‘over USD200m’, according to their press release the largest fund dedicated exclusively to ICT infrastructure in sub Saharan...

TBL-Managed Venture Fund Receives Over 200 Applications

SME fund manager TBL Mirror Fund, also managers of the new USD1m Spark Venture Fund set up by Kenya’s largest mobile operator Safaricom, have received more than 200 applications for the first funding round. Start ups will receive between KES7m (USD68,000...

Omidyar Network and EchoVC Invest USD1.2m in Nigerian Hotel Booking Website

Omidyar Network and EchoVC’s Pan Africa Fund have teamed up to invest USD1.2m in Hotels.ng, the hotel booking site founded by Mark Essien. The website currently lists more than 7,000 hotels across Nigeria, targeting both business and leisure travelers....

Ethos and Standard Chartered PE Invest in Tower Operator Eaton

Ethos Private Equity and Standard Chartered Private Equity have teamed up for an investment in tower operator Eaton. They join existing shareholders Equity Capital Group Private Markets, the leading shareholder, and Eaton management. Eaton currently have...

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...

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