Axian launches new PE and VC investment unit

Axian Group, a pan-African conglomerate, is launching Axian Investment to oversee two new investment activities: its private equity and venture capital funds, and its direct investments in technology startups across the continent.

Axian Investment is mandated to manage both the wider group’s investments in venture capital and private equity funds, such as Partech Africa, Disruptech, Amethis, African Development Partners, Actis Energie, Emerging Capital Partners and Adenia. Concurrently, Axian Invesment’s corporate venture capital arm will invest directly in African technology startups such as MaxAB, LipaLater, Djamo, Jetstream, Chari and Zazuu.

”Axian Investment will enable us to invest strategically in both private equity and venture capital, empowering businesses to create more value while contributing to economic growth in countries across Africa. Consolidating both branches of investment activity under one roof will allow us to reinforce our standing as the group’s lookout-point, seeking innovation and opportunities across the continent. Our involvement in 77 businesses across 28 countries in Africa, via both direct and indirect operations, will allow the Axian Group to leverage this broad presence to become a first-rate, pan-African investor,” said Hassane Muhieddine, CEO of Axian Financial Services.