The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories last week on Africa Private Equity News.
Here are summaries of the five most widely read stories last week on Africa Private Equity News.
1. Swiss DFI commits to SPE Capital's third fund
Swiss development finance institution SIFEM has committed $15 million to the SPE Capital Partners private equity fund, SPE PEF III. The fund has achieved its first close at $140 million.
SPE PEF III is a generalist private equity fund investing in fast-growing small and medium-sized companies, primarily in North Africa. The fund targets sectors such as healthcare, education, manufacturing and processing, and business services. Read the full article
2. South Africa: Agile Capital acquires stake in packaging company
South African private equity firm Agile Capital has acquired a significant minority share in Berry Astrapak.
Berry Astrapak is a specialised manufacturer of an extensive range of rigid moulded, and thermoformed plastic packaging products serving the African market. The group has manufacturing operations in Gauteng, Western Cape and Kwa-Zulu Natal and focuses on innovation-led growth in plastic packaging. Read the full article
3. First close for Oasis Capital Ghana's new fund
Oasis Capital Ghana, a fund manager focused on West Africa, has announced the first close of its $100 million Oasis Africa Fund II (OAF II). The fund has secured $33.3 million in capital commitments and expects to raise the remainder by the end of June 2025.
This latest fund builds on the track record of Oasis Capital Ghana. The firm’s initial vehicle, the Ebankese Venture Fund (EVF), was a $11 million fund dedicated to supporting small- and medium enterprises (SMEs) in Ghana. Following that, Oasis Africa Fund I (OAF I) raised $50.5 million and invested in SMEs across Ghana and Côte d'Ivoire. Both EVF and OAF I have been fully invested, deploying capital to a total of 21 businesses across various sectors. Read the full article
4. Sanari Capital makes follow-on investment in South African education group
Sanari Capital, a private equity firm that invests in medium sized and mid-market growth companies emanating from Africa, has announced a R80 million (c. $4.4 million) follow-on investment in EduLife Group. The investment will allow EduLife to further entrench its schools in existing regions and expand into other provinces.
EduLife is a network of independent schools, offering diverse and tailor-made education across the economic spectrum. Read the full article
5. NALA raises $40m to build cross-border payments for emerging markets
NALA, a Tanzanian fintech company, has raised $40 million in Series A funding to support its global expansion and enhance the reliability of payments to Africa by developing its payment rails.
The $40 million funding round was led by Lauren Kolodny of Acrew Capital. Other investors include DST Global, Amplo, Norrsken22 and HOF Capital, to name a few. Read the full article
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