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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[PwC] South Africa: Staying ahead of the impact of US tariffs on exports
Market expectations are that overall US tariffs will remain higher than before. South Africa must therefore remain proactive. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Lorax Capital Partners backs MDP; AfricInvest exits
MDP, a Cairo-based payments technology infrastructure group in the Middle East and Africa, has received a strategic investment led by Lorax Capital Partners (LCP). The deal also sees AfricInvest exit its position after several years as an investor.
The new investment, led by LCP, is also backed by a consortium of development finance institutions, including the European Bank for Reconstruction and Development, the International Finance Corporation, and Proparco. Read the full article
2. South Africa: Kholo Capital and Maia Capital in building materials deal
The Kholo Capital Mezzanine Debt Fund I and Maia Capital Partners have provided R250 million (about $14 million) mezzanine debt funding to Catapult Group. The funding is intended to support growth capital expenditure and to refinance a portion of existing senior debt, thereby enhancing cash flow flexibility as the company enters its next growth phase.
Catapult is a South African manufacturer and distributor of specialised building products, with a strong presence in the commercial, industrial, and residential real estate sectors with a 3,000-store retail distribution footprint. Read the full article
3. Swedfund commits to Novastar Ventures fund
Swedfund, Sweden’s development finance institution, has committed $10 million to the Novastar Ventures Africa People and Planet Fund III.
Through this indirect investment, Swedfund aims to catalyse funding for early-stage local businesses developing solutions in renewable energy, e-mobility, smart logistics, circular economy and regenerative agriculture. Read the full article
4. Kasada secures €19.4m financing for Senegal hospitality investment
Real estate private equity platform Kasada has secured €19.4 million in sustainability-linked financing from Nedbank Corporate and Investment Banking to support the further development of the Mövenpick Resort Lamantin Saly, a hospitality project on Senegal's Petite Côte. Read the full article
5. IFC proposes commitment to Enko Capital fund
The International Finance Corporation has disclosed a proposed investment of up to $25 million or 20% of total LP commitments, whichever is lower, in the Enko Impact Credit Fund (EICF).
The fund will be managed by Enko Capital, an Africa-focused asset manager with debt and equity investments across the continent. The firm was founded by two brothers, Alain and Cyrille Nkontchou. Read the full article
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