MCB Equity Fund, the private equity arm of MCB Group, the largest banking group in Mauritius, announced the acquisition of a minority stake in Africa Mobile Networks Ltd (AMN) as part of a consortium led by Metier, an independent African private equity manager.

The consortium, which includes CDC Group (the UK’s development finance institution and impact investor), Deutsche Investitions- und Entwicklungsgesellschaft mbH (Germany’s development finance institution), Proparco (the priv...