Here are summaries of the most widely read stories from the past week on Africa Private Equity News.
1. Adenia partially exits retailer Quickmart through Nairobi listing
Africa-focused private equity firm Adenia Partners has completed a partial exit from Quickmart, Kenya’s second-largest supermarket chain, through an oversubscribed share offer and listing on the Nairobi Securities Exchange. Read the full article
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Trade rewired: Balancing resilience, cost and growth in a changing global landscape
Justin Milo, head of trade origination and structured solutions at Standard Bank Corporate and Investment Banking, looks at how shifting trade corridors, geopolitical fragmentation and rapid digitisation are reshaping global trade and supply chains. Read more
2. FSD Africa partners with Nigeria’s pension industry on $750m infrastructure fund
Nigeria’s Pension Industry Leadership Council and FSD Africa, a UK-funded specialist development agency, have signed a memorandum of understanding to support the development of a proposed $750 million infrastructure fund. Read the full article
3. Enza Capital reaches first close of $60m AI Africa Fund
Pan-African venture capital firm Enza Capital has reached a first close of about $21 million for its third fund, the AI Africa Fund, which has a $60 million target and an $80 million hard cap. Read the full article
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Dealmaker’s Log: A database of African private capital transactions
The Dealmaker’s Log supports deal origination, market mapping, and tracking individual investors or funds over time. Filter to the country, sector, investor or transaction type you cover; compare activity across sectors, geographies and years; or follow the private capital cycle from fundraising through to exits. Access the Dealmaker’s Log here
4. Knife Capital invests in South African value-based care organisation Alignd
South African venture capital firm Knife Capital has invested in Alignd, a Cape Town-based company that designs value-based care programmes for medical schemes, tying payment to the outcomes that matter to patients. The funding, from Knife Fund III, will support Alignd’s expansion beyond palliative care into maternity and kidney care. Read the full article
5. Swedfund invests $15m in Lightrock Africa Growth Fund II
Swedfund, Sweden’s development finance institution, has invested $15 million in the Lightrock Africa Growth Fund II. The fund backs growth-stage African companies that use technology to expand services such as finance, healthcare and sustainable transport. Read the full article
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Building a private equity business in Nigeria
Femi Ogunjimi co-founded Nigerian financial firm CardinalStone in 2008 and now focuses on its private equity arm, CardinalStone Capital Advisers. He spoke to Africa Private Equity News editor-in-chief Jaco Maritz about his journey as an entrepreneur and investor. Watch the interview