Sunday 29 March 2015

DFI LPs Sponsor New Energy Access Fund

A group of DFI LPs have teamed up with Schneider Electric to launch the Energy Access Fund, intended to ‘improve access to sustainable energy in sub Saharan Africa’. The DFIs have partnered with Schneider Electric, a global energy management company. The...

Ascent Capital Raises USD from Second Kenyan Pension Fund

Ascent Capital have raised funds from a second Kenyan pension fund, the Nation Media Group’s Staff Retirement Benefits Scheme, for their Ascent Rift Valley Fund (ARVF). In July 2014, Ascent had announced their first USD50m close, which included an albeit...

Ascent Capital Looking for an Extra USD10m for First Fund

In an interview with Reuters, Ascent Capital’s partner Guy Brennan said that the fund manager would seek to increase their first fund by USD10m to USD60m. The Ascent Rift Valley Fund had been launched in February 2014 with USD40m, targeting Eastern Africa...

Helios to Close Third Africa Fund at USD1.1bn

Don’t give us more money, no, really: Fund manager Helios Investments Partners have announced that they will shortly close their third Africa fund at USD1.1bn, exceeding their initial fundraising target of USD1bn. According to Helios, around 60% of the...

Excellon Launch West Africa Fund

More cash for Nigerian firms: Nigerian boutique investment bank Eczellon Capital have announced the launch of a USD250m West Africa private equity fund that will invest in, amongst others,  deals in energy, infrastructure, oil and gas. Relative...

Old Mutual to Invest USD1bn in SSA Over Coming Two Years

Old Mutual Investment Group – who already have USD5.1bn in investments across the continent outside of South Africa – have announced fundraising plans to invest a further USD1bn in the coming two years. So far, the company’s investment focus was in...

Business Partners Launch South Africa SME Education Fund

SME financiers Business Partners have announced the launch of a ZAR150m (USD13m) SME education fund. Business Partners intend to lend between ZAR0.5-25m to companies in the education sector such as schools and colleges, but also educational buildings and...

AFDB Commits EUR10m to Moringa PE Fund

The African Development Bank (AfDB) has approved a EUR10m (USD12.6m) investment in the sub Saharan Africa compartment of the Moringa private equity fund. This follows the announcement of a first close of more than USD50m, just passing the half-way mark of...

Injaro Investments Announce Final Close of Agriculture Fund

Injaro Investments Ltd have announced the final close of their USD49m Injaro Agricultural Capital Holdings Ltd, their West Africa fund. New commitments to the fund come from anumber of DFI lie CDC (through their DFID impact fund), FMO (MASSIF Fund), and...

OPIC Commit USD100m to ECP’s Africa Fund IV

The US Overseas Private Investment Corporation (OPIC) will commit USD100m to the Africa Fund IV managed by Emerging Capital Partners (ECP). The fund was chosen from the applicants for OPIC’s second call for proposals to promote the growth of the private...

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