The Weekly Roundup of Africa's Private Capital News | |
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Greetings!
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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Private Equity
Vantage Capital buys Promamec stake in secondary deal // africacapitaldigest.com
Vantage Capital has made an investment in Promamec, a medical consumables provider and equipment distributor in Morocco, acquiring a significant minority stake belonging to..
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Vantage Capital buys significant minority stake in Promamec in secondary deal
Image Credit: Pixabay
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Venture Capital
Blue chip investors back Nomba's oversubscribed, Pre-Series B round // africacapitaldigest.com
A group of blue-chip venture investors led by Base10 Partners are among those investing in Nomba's Pre-Series B funding round. Between them, Helios Digital Ventures, Shopify, Partech Africa, and Khosla...
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Venture Capital
Japanese venture firm Global Brain backs automotive platform // africacapitaldigest.com
Global Brain, a Tokyo-based venture capital investment firm, has made an investment in an automotive aftersales platform in Nigeria. The venture firm is backing...
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Venture Capital
Launch Africa reportedly in throes of finalizing new fund // africacapitaldigest.com
Launch Africa, a Pan-African venture capital firm, reportedly intends to launch a $75 million fund to invest in technology startups across Africa. Janade du Plessis, the fund's manager, told BusinessWeek that...
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Venture Capital
DisrupTech wins commitment for early-stage fund from European DFI // africacapitaldigest.com
DisruptechVentures is adding another development finance institution to the roster of LPs for the venture firm's first fund, adding to the fund's capital pool and helping it beat the original hard cap set by...
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This week's issue supported by... | |
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Career Opportunities at Afreximbank
Afreximbank is actively recruiting for the following roles. Be sure to review and apply today!
Managing Director, Research & Chief Economist
Managing Director, Finance & Group CFO
Review and Apply Here
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Projects & Portfolio Companies... | |
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Off-Grid Solar
Private Equity-backed Sun King buys PayGo Energy // africacapitaldigest.com
Sun King, an off-grid solar home systems and products provider backed by a few leading private equity firms is acquiring PayGo Energy, a pay-a-you-go technology provider for clean cooking headquartered...
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FMCG
EBRD considers filling Dislog's M&A war chest // africacapitaldigest.com
The European Bank for Reconstruction and Development is reviewing a potential loan to Dislog Group, an industrial holding company in Morocco that counts SPE Capital among its shareholders...
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Companies, People, & Projects... | |
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People
Africa50 hires FONSIS CEO to head Project Development Fund // africacapitaldigest.com
Africa50 has hired the CEO of FONSIS, Senegal's Sovereign Wealth Fund, as Managing Director for Project Development at the multilateral finance institution...
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People
Afreximbank recruiting for two MD roles // africacapitaldigest.com
Afreximbank, the pan-African development finance institution, is currently looking to fill two Managing Director roles at its headquarters in Cairo. The organization has given the recruitment mandate to The Willis Partnership...
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This week's issue supported by... | |
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Prosper Africa Virtual Deal Room
Looking for your next deal in Africa? Prosper Africa's Virtual Deal Room now supports the full ecosystem of players connecting U.S. and African businesses, including investors with a U.S. nexus, intermediaries, and fund-seeking African businesses. Find the support you need here.
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Highlighted Job of the Week | |
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Mozambique Energy & Industry Summit // gep-events.com
Cabo Delgado, Mozambique, May 30th to May 31st, 2023
and
Mapito, Mozambique, June 6th to June 8th, 2023
Read more...
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