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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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. SPE Capital-led consortium invests in Egypt’s Orchidia Pharmaceutical Industries
A consortium led by SPE Capital has completed an investment in Orchidia Pharmaceutical Industries, an Egyptian manufacturer of eye-care medicines.
The investment was made through SPE Capital’s Private Equity Fund III and includes the European Bank for Reconstruction and Development; Proparco, the French development finance institution; and the Belgian Investment Company for Developing Countries. Read the full article
2. Amethis MENA Fund II backs Egyptian rice-ingredients producer Tiba
Private equity firm Amethis has entered into definitive agreements for a significant minority investment in Tiba for Starch & Glucose, an Egyptian producer of rice-based specialty food ingredients.
Tiba produces rice-derived ingredients including starch, fat powders, coffee creamers and proteins. The company supplies food manufacturers in Egypt and exports to international markets. Read the full article
3. AIIM’s African Transition Acceleration Fund secures $50m
FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have announced their combined anchor commitment of $50 million to the first close of the African Transition Acceleration Fund, a vehicle managed by African Infrastructure Investment Managers.
The fund, which is targeting $200 million, is designed to accelerate investment in Africa’s energy transition. ACP and FSDAi are joined by the International Finance Corporation’s Frontier Opportunities Fund, and several senior equity co-investors including the IFC, KfW, Proparco, and other private investors. Read the full article
4. First close for Mediterrania Capital Partners real estate fund
Mediterrania Capital Partners has announced the first closing of MCP RE II, its second real estate investment fund dedicated to Morocco, with investor commitments reaching MAD 380 million (about $40.5 million).
With a 10-year investment horizon, the fund will focus on tertiary and industrial real estate development projects, targeting high-potential land opportunities for office buildings, logistics platforms, industrial assets and mixed-use developments. Read the full article
5. Sahel Capital extends $1m facility to Ugandan coffee exporter
Zigoti, a Ugandan coffee processor and exporter specialising in Robusta and Arabica coffee, has secured a $1 million loan facility from Sahel Capital. The funding is being provided through Sahel Capital’s Social Enterprise Fund for Agriculture in Africa. Read the full article
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