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The new bilateral loan will support mid-term liquidity, according to AFC statement. Tenor: 5Y The facility follows a $389m Samurai loan AFC raised in October from Japanese lenders AFC has been [...]

Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building [...]

The Rohatyn Group said it will acquire South Africa’s Ethos Private Equity to help the US investment firm expand on the continent. The purchase will help the New York-based company create a firm [...]

MX Africa Limited (MXAL) has signed an agreement to acquire the remaining 49% stake in Quantum Lubricants Limited, Kenya. MXAL is Maximus International Limited’s wholly owned Kenyan [...]

The Economic Commission for Africa (ECA) and Standard Bank Group, with the support of the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and [...]

French development institution Proparco has acquired a stake worth Sh1.2 billion ($10 million) in Mauritian insurance company MUA Ltd, which has a presence in Kenya. The deal makes Proparco the [...]

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 [...]