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. Phatisa invests in African facilities management group
A consortium comprising Phatisa, ES-KO, and management, has acquired 100% of International Facilities Services (IFS) from Development Partners International (DPI) for an undisclosed sum.
Established in 2000, IFS is an African integrated facilities management business, supporting blue-chip customers operating in remote sites. Having started its activities in South Africa, IFS has progressively expanded its footprint, servicing more than 40 remote sites across six African countries including Mozambique, DRC and Zambia. Read the full article
2. Inspired Evolution fund achieves second close
Inspired Evolution has announced the second close of its Evolution III fund.
Evolution III has secured commitments from ten new investors, including the Mauritius Investment Corporation (MIC) with a commitment of up to $20 million. Additionally, nine investors through Align Impact, a dedicated impact advisory firm, have joined, consisting of individuals, trusts, and foundations. Read the full article
3. Kenya: Vantage Capital provides $47.5m of funding for real estate project
Vantage Capital has provided $47.5 million of mezzanine funding for Two Rivers International & Innovation Centre (TRIFIC SEZ), a services-oriented business park in a special economic zone located within the diplomatic blue zone of Nairobi, Kenya.
The promoter of the transaction is Centum, a Nairobi Stock Exchange-listed investment group established in 1967, with interests spanning real estate, energy, industrial operations, technology, media, telecommunications, and financial services. Centum has a track record in delivering real estate projects, including Two Rivers Mall, and has completed over 2,000 residential units in Kenya and Uganda. Read the full article
4. Pearl Capital Partners exits East African vanilla exporter
Pearl Capital Partners, manager of the Yield Uganda Investment Fund, has announced the successful equity investment exit from Enimiro, a Ugandan vanilla processor and exporter.
Enimiro, a company based in Jinja, sources from smallholder farmers and processes organic products for export. It specialises in four products: vanilla, arabica coffee, dried pineapple, and jackfruit. Read the full article
5. Mirepa Investment Advisors in Ghana agritech deal
Mirepa Investment Advisors, through its Mirepa Capital SME Fund I, has announced an investment in Wami Agro, an agritech company based in Ghana.
Wami Agro provides farmers with access to finance and guaranteed market access. The company also offers capacity-building programmes, including information, education, and farm input recommendations to improve yields. Read the full article
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