Saturday 21 October 2017

AFDB Backs Rx Healthcare Fund with USD20m

The African Development Bank (AfDB) will back Rx Healthcare Fund (RxHF) with USD20m and take a seat on the fund’s advisory board. RxHF is led by Egypt’s former health minister Hatem El Gabaly and managed by EFG Hermes Private Equity. It has a fundraising...

Fanisi Launch Second SME Fund With IFC Backing

East Africa SME PE fund managers Fanisi Capital have announced the launch of their second fund, Fanisi Capital Fund II LLC, targeting a fund size of USD75m to USD100m, up to double the amount of their first, USD50m fund.  Fanisi plan to raise USD30m...

OPIC to Open Nairobi Office

The US Overseas Private Investment Corporation (OPIC) will open an office in Kenya’s capital Nairobi to serve the East African region. This will be OPIC’s third office in sub Saharan Africa, adding to their presence in South Africa and Côte d’Ivoire....

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...

Rockefeller Commit USD10m to USD117.5m Funding Round for Actis’ Lekela

Rockefeller Brothers Fund have committed USD10m to Lekela, a renewable energy joint venture between private equity firm Actis (60%) and Mainstream Renewable Power (40%). This is Rockefeller’s first direct stake in a renewable energy company, marking the...

More AFDB Funding for Agribusiness

The African Development Bank (AfDB) released a new ten-year development strategy for the agricultural sector under the heading ‘Feed Africa: Strategy for Agricultural Transformation in Africa, 2016-2025’. The strategy focuses on ‘scaling up...

CAD Fund Signs MoU with Islamic Development Bank

At the China-OIC Forum 2016 in Beijing, the China Africa Development Fund (CAD Fund), China’s private equity fund for investments in sub Saharan Africa, has signed a memorandum of understanding with the Islamic Corporation for the Development of the...

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...

LeapFrog and Prudential Launch USD350m Investment Partnership

Global insurance firm Prudential and impact investor LeapFrog Investments have broadened their existing relationship by announcing a USD350m investment partnership. LeapFrog have built a track record in successful financial services and fin tech...

OPIC Backs LeapFrog Investments with USD200m

The US Overseas Private Investment Corporation (OPIC) will commit USD200m to LeapFrog Investments for their financial services and healthcare investments, reportedly the ‘the largest commitment in history to any impact fund manager’. This brings financial...

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