Archives

Johannesburg, January 2022 – Enko Capital Managers (“ECM”), managers of the Enko Africa Private Equity Fund (“EAPEF”), a private equity investor targeting mid-cap growth companies across [...]

TLcom, thane Africa-focused venture capital firm, has held the first close of its USD150 million-Africa focused tech fund at USD70 million, positioning the firm to become the largest independent [...]

The African Export-Import Bank will help Nigeria’s state-owned energy company raise $5 billion to support plans to buy and manage oil and gas assets. The Cairo-based lender agreed to take on a [...]

KCB Group is still open to pursuing another bank buyout in Tanzania after dropping its bid to acquire BancABC Tanzania from London-based Atlas Mara Limited. The Nairobi Securities Exchange [...]

Aavishkaar Capital, and Germany’s KfW have begun the ESG First Fund for financing emerging and mid-market businesses in Africa, company says in email. The Mumbai-based venture capital firm will [...]

Braeburn Schools Limited has reached a deal to acquire Hillcrest International, adding to the ownership twist for the school that was once owned by the late powerful politician Kenneth Matiba. [...]

Africa-focused private investment firm Helios Investment Partners (Helios) has secured an ESG-linked capital call facility for Helios Investors IV, LP (Helios IV). Rand Merchant Bank and Standard [...]

The World Bank’s private sector lending arm has advanced Guaranty Trust Bank (Kenya) Ltd a $15mn loan for on-lending to small and medium-sized enterprises (SMEs). The loan extended by the [...]

XAF48.2 billion is needed to save state textile firm CICAM from bankruptcy, reveals the Technical Commission for the Rehabilitation of Public and Para public Sector Enterprises (CTR) in its 2020 [...]

A pair of early-stage investors, who have made fivefold returns funding African startups since 2017, said they plan to list a blank-check company targeting technology companies from the [...]

Cement maker to use proceeds it plans to raise from sale on London Stock Exchange to build clinker production plant, Standard newspaper reports, citing Savannah Cement CEO Samson Shivina. Plant [...]

Heineken may sell its stake in Strongbow cider in South Africa to avert competition concerns in its bid to buy local spirits maker Distell, Business Day reports citing a note to shareholders by [...]

Coca-Cola HBC AG announced on Thursday it has completed the acquisition of a 53% interest in Coca-Cola Bottling Co of Egypt SAE for USD304 million in cash. The Steinhausen-based Switzerland-based [...]

Agreements worth 6 billion birr ($121 million) signed with eight companies, including ET Mineral Development, National Mining Corporation and Sun Mining & Trading, spokesperson for Ethiopia’s [...]