The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. European LP commits $50m to DPI fund
German development financier DEG has disclosed an investment of $50 million in African Development Partners IV, the fourth private equity fund managed by Development Partners International.
The fund provides growth capital to mid-size companies across Africa in diverse industries such as healthcare, education, FMCG, retail, financial services, transport and logistics. Read the full article
2. Adiwale Partners in Guinea healthcare deal
Adiwale Fund I, managed by Adiwale Partners, has acquired a minority stake in Clinique Ambroise Paré, a healthcare service provider in Guinea.
Clinique Ambroise Paré is one of the largest private clinics in Guinea. It was established in 2000 and serves local patients and international mining companies operating in the country. Read the full article
3. Acumen’s Hardest-to-Reach Initiative raises $250m
Impact investor Acumen has announced that its Hardest-to-Reach Initiative (H2R) has secured a total of $250 million in blended capital to expand clean energy access across sub-Saharan Africa.
The initiative aims to reach nearly 70 million people across underserved geographies in sub-Saharan Africa, including 50 million first-time energy users in markets where traditional capital has not been able to operate. H2R combines a patient capital, market-building facility, Catalyze, with a debt fund, H2R Amplify. Together, the two vehicles are designed to unlock clean, affordable, distributed energy for households and small businesses across 17 countries, including Malawi, Zambia, and Somalia. Read the full article
4. Egypt’s Nawah Scientific secures $23m
Nawah Scientific, an Egyptian deep-tech and life sciences group, has secured a $23 million Series A round. The company, which specialises in scientific and industrial testing, raised the funds through a mix of equity and debt.
The round was led by Life Ventures Holding, with participation from Den Ventures, Empire M, AfricInvest, and Elsewedy, alongside banks and angel investors. Nawah will use the funds to finance a 10,000 sqm global R&D centre in Rwanda, while doubling capacity in Egypt and Saudi Arabia and pushing into European and North African markets. Read the full article
5. Senior HSBC executive Sabrin Rahman joins Human Planet as partner
Human Planet, an impact investing advisory firm, has appointed Sabrin Rahman as partner focusing on the Middle East and North Africa.
As the former Managing Director – Head of Sustainability for HSBC covering Europe, the Middle East, North Africa, and Turkey, Rahman led major sustainable finance and philanthropy initiatives, helping mobilise billions of dollars in capital towards climate and just-transition goals for over 14 years. Read the full article
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