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September 18th, 2023

The Weekly Roundup of Africa's Private Capital News

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Here's your preview edition to this week's Africa Capital Digest. We reported on some interesting deals last week and we think you'd get a lot of value from having access to the full stories behind these headlines. Take a look.


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Best wishes to you and your colleagues for a productive week.

Deals...

Private Debt

IFC backs Chinese manufacturer's African operations with debt // africacapitaldigest.com

The IFC has agreed to provide a significant loan to a privately held manufacturer of home care and personal care products to support their plans to increase production in 5 countries in Africa...

Read more...

IFC provides Sunda with financing to expand African operations

Image Credit: International Finance Corporation

Private Equity

Adiwale's first fund takes minority stake in consumer goods distributor // africacapitaldigest.com

Adiwale Partners' first fund has added another investment to its portfolio, buying a minority stake in a 9-year-old consumer goods distribution firm based in Senegal. The firm was launched by...

Read more...

Venture Capital

Beltone Ventures buys stake in Ariika at $5mln valuation // africacapitaldigest.com

Beltone Venture Capital has invested in Ariika's Series A round, investing EGP 31 million (or approximately $1 million) to acquire a 20% stake in the online retailer of home goods headquartered in...

Read more...

Venture Capital

Blue chip venture investors invest in Emata's seed round // africacapitaldigest.com

African Renaissance Partners has led a group of high-profile venture investors backing a seed round for Ugandan agritech startup Emata with a mix of equity and debt. The other investors participating in the...

Read more...

Funds & Fundraising...

Private Equity

Joliba Capital's first fund holds €55mln initial close // africacapitaldigest.com

Joliba Capital announced the initial close for the private equity firm's first fund last week, winning anchor commitments from three development finance institutions. Between them...

Read more...

Venture Capital

Nuwa Capital's maiden fund hits target at final close // africacapitaldigest.com

According to reports, Dubai-based venture capital firm Nuwa Capital has held a successful final close for its maiden fund. The firm, which was founded by former Wamda Capital partner Khaled Talhouni, has...

Read more...

Sectors & Strategies...

Climate & Sustainability

RMB Ventures and ACV team up to drive returns in current and future investments // africacapitaldigest.com

RMB Ventures and Africa Climate Ventures (ACV) have agreed to work together on climate action initiatives to improve levels of sustainability and corresponding profitability among RMB Ventures'...

Read more...

Companies, People & Profiles...

People

Belgian DFI names new CEO to succeed Zonneveld // africacapitaldigest.com

The Belgian Investment Company for Developing Countries (BIO) has announced the name of the person who will succeed Luuk Zonneveld as the development finance institution's new Chief Executive in...

Read more...

Job Openings...
Highlighted Job of the Week

Chief Investment Officer, ARM Agribusiness Fund at ARM Capital // arm.com.ng

Based in Lagos, Nigeria

Read more...

Head, Investor Services at Ocorian // ocorian.com

Based in Ebene, Mauritius

Read more...

New this week...

Investment Officer, MAS Africa Upstream & Advisory at IFC // ifc.org

Based in Nairobi, Kenya

Read more...

New this week...

Investment Analyst at IFC // ifc.org

Based in Dakar, Senegal

Read more...

New this week...

Investment Analyst at IFC // ifc.org

Based in Rabat, Morocco

Read more...

New this week...

Investment Analyst at Old Mutual // oldmutual.co.za

Based in Cape Town, South Africa

Read more...

Investment Associate at Flat6Labs // flat6labs.com

Based in Nairobi, Kenya

Read more...

Upcoming Conferences...
Highlighted Event

AFSIC: Investing in Africa // afsic.net

London, United Kingdom, October 9th to October 10th, 2023

Read more...

AVCA Sustainable Investing in Africa Summit 2023 // avca-africa.org

London, United Kingdom, October 12th, 2023

Read more...

SAVCA VC Conference 2023 // savca.co.za

Stellenbosch, South Africa, October 19th, 2023

Read more...

Africa Fintech Summit Lusaka // africafintechsummit.com

Lusaka, Zambia, November 2nd to November 3rd, 2023

Read more...

Africa Financial Industry Summit 2023 // afis.africa

Lomé, Togo, November 15th to November 16th, 2023

Read more...

African Agri Investment Indaba // agri-indaba.com

Cape Town, South Africa, November 20th to November 22nd, 2023

Read more...

SuperReturn Africa 2023 // informaconnect.com

Cape Town, South Africa, December 4th to December 6th, 2023

Read more...

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