Tunis Equity Firm Seeks to Raise Sh22bn to Invest in Africa Banks
Tunis-based private equity fund AfricInvest is targeting to raise €200 million (Sh21.8 billion) through a new fund that will invest in Africa’s banks. The PE firm, which invested in and exited Kenya’s Family Bank, says it has launched the AFSH... Read More →
Private Equity Activity Grows
From a dozen or so active general partners (GPs) in the region in 1990, there are currently at least 140 GPs active in Africa. Between 2010 and 2016, GPs invested around US$25.6bn across sectors that ranged from consumer goods to... Read More →
East Africa Private Equity Lobby EAVCA Appoints New Directors
The East Africa Venture Capital Association (EAVCA) has appointed a new executive team as it looks to increase its membership. The private equity (PE) lobby named Ms Eva Warigia and Ms Esther Ndeti as the two new co-executive directors, who... Read More →
Carlyle Group And TPG Capital Make $100 Million Bid For Kenyan Restaurant Chain
Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House is a deal that could be worth as much as $100 million. According to a report by Kenyan newspaper... Read More →
Kenyan contractor in Sh5.1bn fight with US private equity fund
A Kenyan entrepreneur, who founded troubled construction firm Spencon, has sued a US private equity fund for $50 million (Sh5.1 billion) he claims to have lost when the fund fraudulently acquired a 60.68 per cent stake in the company. Jitendra... Read More →
Equator Capital backs Jamii Bora with $5.9M
Chicago-based impact investment firm Equator Capital is backing Jamii Bora for the second time this year, spending $5.9 million for a 15% stake in the Kenyan bank. Additional terms of the deal were not disclosed. In April, this year, Equator... Read More →
Africa Is Still One of the World’s Most Attractive Markets for Private Equity – for Investors Open to New Approaches
Africa remains one of the world’s growth opportunities for private equity investors, even though the market has already surged dramatically over the past decade and several economies face serious challenges. To generate the high returns that investors expect, however, funds... Read More →