Friday 24 November 2017

ECP’s Java Investment Wins AI ‘Deal of the Year’

Emerging Capital Partners (ECP) have won Africa Investor’s ‘Deal of the Year’ for the acquisition of a majority stake in Kenya’s Java House café chain. The Deal of the Year Award rewards ‘evidence of innovation in the deal structure’. The investment...

SAVCA Releases VC Survey

A survey released in September 2012 by the South African Venture Capital and Private Equity Association (SAVCA) and Venture Solutions recorded 103 VC deals done in South Africa from 2009 to July 2012, executed by 11 funds. That is not an enormous amount...

Nakumatt Pulls Back from PE Investment Plans – Again

Kenya’s Nakumatt supermarket chain has put on hold plans announced in April 2012 to seek a private equity investor for a 15-18% stake in the company, Ventures Africa report. Instead, the company will now pursue an aggressive growth strategy with accelerated regional expansion to improve company valuation, and will consider...

ICT Start Ups: Hype or Business?

“There’s hype and then there’s business.” That was the frank assessment offered at the recent DEMO Africa investor roundtable on tech-focused venture capital in Nairobi. East Africa’s tech space is having a heyday. Rapid mobile penetration across the...

Actis Win Euromoney ‘Best Developer in Africa’

Actis have won ‘Best Developer in Africa’ in Euromoney’s 8th global real estate survey – official recognition of the private equity firm’s track record in investing in the real estate sector on the continent. Actis launched their first real estate fund in...

DEMO Hold First Africa Event in Kenya in October 2012

More VC tech events: DEMO will hold their first Africa event, DEMO Africa, in Nairobi from 24 to 26 October 2012. The organising consortium includes DEMO, Microsoft, the World Bank’s InfoDEV, Nokia and US Department of State. The event aims to bring...

Crowd sourcing: Getting Ahead of the Pack, or Ahead of Itself?

We reported recently on Grow VC, a US-based group that is promoting crowd sourcing for Africa. The idea is to gather money from ordinary people through an online platform to fund new ventures and fill the gaps where VC and angel investors have yet to...

KKR to Venture Into Africa?

According to BusinessWeek, Private equity firm KKR & Co. are reportedly hiring a dealmaker to look at the opportunities in sub Saharan Africa. The new staff member will initially be based in the company’s Europe office. KKR have declined to comment....

Kenya’s Britak to set up Real Estate PE Fund

More money for real estate: Kenyan investment firm British American Investment Company (Britak) Ltd are launching a USD100m private equity fund for investments in the region’s real estate sector. According to Britak’s managing director, Edwin Dande, the company aims to raise 15% of the fund from own resources and ‘friends...

The Many Incarnations of Private Equity in Africa

In the news recently (here, and here) was the announcement that TLG Capital had transformed its Africa-focused private equity fund into a holding company (which will remain a separate entity from TLG's recent partnership with Duet PE). This has become...

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