Saturday 19 August 2017

XSML Invest in Kinshasa Restaurant

If you could previously often join the dots in XSML’s portfolio – a few retail operations here and there, a budding collection of transport companies – the latest investment appears a bit out of the ordinary: the Dutch fund manager announced an investment...

Cauris to Invest EUR6m in West African Azalaï Hotels

West Africa fund manager Cauris Management will invest EUR6m in Azalaï Hotels, a hospitality chain operating six hotels in Benin, Burkina Faso, Guinea Bissau and Mali. Cauris’ investment will fund the group’s expansion to Côte d'Ivoire, Guinea Conakry and...

GroFin Capital to Finance Spur Group’s Kenya Expansion

Africa and Middle East-focused SME financier GroFin Capital has agreed to fund the expansion of South African restaurant chain, Spur Group, in Kenya. Johannesburg-listed Spur plans to open its second location in Kenya at the Eka Hotel in the capital of Mombasa. GroFin has agreed to provide between KES40m and KES45m (...

ECP Invest in Kenyan Java House Café Chain

Emerging Capital Partners (ECP) have announced an investment in Kenyan café and restaurant chain Java House through their ECP Africa Fund III. ECP did not disclose the amount investment, but said they would help the café and restaurant chain expand outside the capital Nairobi and also beyond Kenya’s borders. Java House,...

Obasanjo Promotes Africa with PE Fund

Another celebrity of sorts has thrown his hat into the African private equity ring with an ambitious, probably overly ambitious, new fund. Former Nigerian President Olusegun Obasanjo is busy promoting his new advisory firm, New World Capital Ltd., in...