Saturday 01 October 2016

AFDB Approves USD9m Investment in Fund for Agricultural Finance in Nigeria

The African Development Bank (AfDB) has approved a USD9m equity investment in the Fund for Agricultural Investment in Nigeria (FAFIN). FAFIN combines ‘financial, capacity-building and technical assistance to commercially viable SMEs in the Nigerian...

Duet Team up With AMCON for Distressed Assets Fund

British private equity group Duet have reportedly signed an public private partnership agreement with the Asset Management Corporation of Nigeria (AMCON) to set up a fund for investments in turnaround or distressed assets in Nigeria’s fast...

Africa Finance Corporation Issue Debut CHF100m Bond

The Africa Finance Corporation (AFC) have announced the issue of their debut senior unsecured CHF100m bond. AFC say that the bond will allow them to further diversify their funding sources and provide additional long-term liquidity support to the company’...

Ethos Capital to List on JSE

South African Ethos Private Equity (EPE) have announced plans to list their franchise Ethos Capital on the Johannesburg Stock Exchange (JSE) as an investment entity in the ‘Financials – Speciality Finance’ category, by early August 2016. The company aims...

Novare Africa Property Fund II Closes at USD350m

Novare Fund Managers have announced the final close of their Novare Africa Property Fund II at USD350m at the end of June 2016. It will be listed on the Mauritius Stock Exchange at the end of July 2016.  The fund will focus on both retail and...

Actis Reach Final Close on USD500m Real Estate Fund

Build it and they will come: Actis have announced the final close of their third private real estate fund at USD500m, exceeding their initial fundraising target of USD400m and, according their press release, the largest Africa real estate fund to date....

South African Capital Eye Raising USD100m Tech Fund

South African private equity fund manager are raising a USD100m technology fund for PE and VC investments in sub Saharan Africa and other emerging markets. They expect the first close in the second half of 2016. According to Capital Eye associate...

Investec to Manage Emerging Africa Infrastructure Fund (EAIF)

Investec Asset Management have been appointed as the manager for the USD670m Emerging Africa Infrastructure Fund (EAIF). EAIF, founded in 2002, is a multi-donor public-private partnership backed with equity by the UK, Dutch, Swedish and Swiss government...

AFDB Commits USD25m to Abraaj’s Health Fund

The African Development Bank (AfDB) has announced a USD25m commitment in Abraaj’s Growth Markets Health Fund (AGHF), an Africa fund for investments in ‘scalable and sustainable healthcare models for lower-middle and low-income segments of the population...

Agri-Vie and Stanlib Team up to Launch Exeo Capital

Agribusiness private equity fund Agri-Vie Investment Fund and asset manager Stanlib have announced the launch of Exeo Capital, an ‘Africa-focused private equity partnership’, for the ‘imminent launch’ of Agri-Vie Fund II in the second quarter of...

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