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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Standard Bank leads debt funding of pioneering Eswatini hydropower project
Standard Bank has announced the close of a $30.5 million deal to fund Eswatini’s 13.5MW Lower Maguduza Hydropower Project. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Amethis backs textile manufacturing group
Amethis, through its pan-African fund Amethis Fund III, has acquired a majority stake in the Kazareen Textile Group (KTG).
Founded in 1990 in Egypt, KTG is a vertically-integrated textile manufacturer focused on the B2B segment and generating the majority of its revenues from exports to Africa, Europe, and the GCC in four complementary business lines: apparel, hospitality linens, textile accessories, and knitted fabrics. KTG also distributes branded corporate promotional wear and workwear in Germany, France, Austria and Switzerland. The group, which is headquartered in the UK, has a manufacturing footprint of seven facilities in Egypt as well as​​​ operating​ subsidiaries in Canada, France, and Germany. Read the full article
2. South Africa: Infinite Partners acquires interests in three fibre network operators
Infinite Partners, a South African-based private equity fund manager, and the Public Investment Corporation (PIC) have announced the acquisition of a strategic interest in three fibre network operators: Net Nine Nine, Evotel, and LinkLayer. These businesses have now been consolidated into a single holding company, Fibre Holdco, dedicated to expand reliable and affordable fibre connectivity primarily to historically underserved communities, including townships and rural mining towns across South Africa. Read the full article
3. Adiwale Partners invests in West African pineapple juice producer
Adiwale Fund I has made an investment in Jus Délice, a West African producer of organic pineapple juice and concentrate, based in Togo. This investment will finance a new production line. It will also facilitate the exit of Moringa, a fund established by Edmond de Rothschild and the company’s majority investor since 2018. Read the full article
4. LP proposes €15m commitment to AfricInvest fund
The International Finance Corporation (IFC) has disclosed a proposed equity investment of up to $15 million in the AfricInvest Small Cap Fund, a generalist private equity fund seeking to invest in small and medium enterprises across Africa. Read the full article
5. Saviu Ventures announces second close for new fund
Saviu Ventures, a venture capital firm in Francophone Africa, has reached a second close of €25 million for its Saviu II fund. The firm attracted support from the Dutch Good Growth Fund, Proparco, and AXIAN Investment. Read the full article
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