The 5 most popular stories on Africa Private Equity News this week
Here are summaries of the five most widely read stories this week on Africa Private Equity News.
Here are summaries of the five most widely read stories this week on Africa Private Equity News.
1. SPE Private Equity Fund III lands commitment from European LP
The European Investment Bank (EIB) has disclosed an equity investment of $9 million in the SPE Private Equity Fund III, managed by SPE Capital Partners.
SPE Private Equity Fund III is a generalist private equity fund targeting growth capital investments predominantly in private small and medium-sized enterprises in North Africa.
The fund has a target of $350 million. Read the full article
2. Africa Credit Opportunities Fund in telecom deal
The Africa Credit Opportunities Fund (ACOF), a private credit fund, has announced a $20 million investment in Telecel Global Services.
ACOF is a joint-venture arrangement between Gateway Partners and the Fund for Export Development in Africa (FEDA), the development impact investment platform of the African Export-Import Bank. Read the full article
3. Omega Sports Holding backs Ivorian football club
Omega Sports Holding (OSH), founded by Ivorian real estate entrepreneur, Cheick Sanankoua, has announced a minority investment in Racing Club d’Abidjan (RCA), the Ivorian football club and current leader of Ligue 1.
OSH’s investment will contribute to developing RCA’s sports, commercial, and social operations. OSH will also provide expertise to increase the club’s global reach, develop fan engagement, and explore opportunities in sports investments. Read the full article
4. Inspired Evolution in East African solar energy deal
STOA and IBL Energy have offered a significant minority stake to Inspired Evolution’s Evolution III Fund in the company holding a majority stake in Equator Energy Limited, a commercial and industrial (C&I) solar provider in East Africa. STOA and IBL Energy had closed the initial transaction in June 2023.
STOA is the energy and infrastructure impact fund created by Caisse des Dépôts et Consignations (CDC) and Agence Française de Développement (AFD).
Evolution III Fund is managed by Inspired Evolution, an Africa-focused climate impact investment manager specialising in clean energy infrastructure, energy access and resource efficiency investments.
IBL Energy is a wholly-owned subsidiary of the Mauritian-listed IBL Group based in Port Louis. Read the full article
5. Nigeria: Sahel Capital provides trade finance facility to hibiscus exporter
Sahel Capital has announced it is providing Acier Limited with a $1.5 million trade finance facility through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
The investment will enable Acier Limited to increase its hibiscus flower offtake from smallholder farmers in northern Nigeria, and export to its international customers. Read the full article
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