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.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
A MESSAGE FROM OUR SUPPORTERS
GVCA: South Africa’s G20 Legacy – Unlocking trapped capital and prioritising blended finance
South Africa’s 2025 G20 presidency successfully leveraged its platform to steer the conversation about private capital and development finance to a new direction. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. FinDev Canada backs Phatisa’s third food fund
Canada’s development finance institution, FinDev Canada, has disclosed an investment of up to $25 million in the Phatisa Food Fund 3 (PFF3), managed by Phatisa.
PFF3 is a 10-year private equity fund focused on the African food value chain. Read the full article
2. FMO backs Coris Holding alongside Mediterrania Capital Partners
Dutch development finance institution FMO has disclosed an approved investment of €10 million in Coris Holding, a banking group in the West African Economic and Monetary Union region.
Founded in 2013, the group operates under the Coris Bank International brand and has grown into the second-largest banking institution in the region, with 10 subsidiaries across Burkina Faso, Côte d’Ivoire, Senegal, Togo, Benin, Mali, Guinea, Chad, Niger, and Guinea Bissau. Read the full article
3. Impact investor completes first close of new fund
Investisseurs & Partenaires (I&P) announced the first closing of its I&P Afrique Entrepreneurs 3 fund at €41 million.
Investors in the fund include the European Investment Bank, the West African Development Bank, Bpifrance, and Proparco. Read the full article
4. Côte d’Ivoire: Appian backs gold mine acquisition
Private equity firm Appian Capital Advisory has completed a $150 million financing package for Atlantic Group to back its acquisition of the Tongon gold mine in Côte d’Ivoire from Barrick Gold.
The deal values the mine at a total consideration of up to $305 million, including contingent payments. Tongon is forecast to produce up to 140,000 ounces of gold in 2025, with exploration programmes planned to further extend the mine’s life. Read the full article
5. AfricInvest Europe invests in Tecofi
AfricInvest Europe has made an investment in Tecofi Group, a specialist in industrial valve design and manufacturing, via its Fonds Franco-Africain 2. The fund joins Tecofi’s long-standing financial partners, Bpifrance and Garibaldi Participations. As part of the transaction, the management team is also strengthening its ownership stake in the company. Read the full article
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe now