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A MESSAGE FROM OUR SUPPORTERS
Standard Bank backs Safaricom’s expansion in Ethiopia
Standard Bank has partnered with telecoms group Safaricom to provide funding of $138 million. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Helios in Morocco digital infrastructure deal
Helios Investment Partners and Fipar-Holding, a subsidiary of CDG Invest, have announced the creation of 3MDC, a new digital infrastructure platform. This platform aims to accelerate Morocco’s digital transformation and strengthen its position as a regional technology hub.
The new platform brings together Maroc Datacenter (MDC), Munisys, and Medasys, three of Morocco’s most established players in cloud, data, cybersecurity and digital services. Their combination creates a unique, fully integrated hybrid-cloud platform serving enterprise and public-sector clients across Morocco and Southern Europe. Read the full article
2. EIB commits to Alta Semper fund
The European Investment Bank has disclosed an equity investment of $38 million in the Alta Semper Fund II, managed by Alta Semper.
Alta Semper Fund II will invest in local pharmaceutical and healthcare companies in North Africa (Egypt and Morocco), and to a lesser extent, in sub-Saharan Africa. Read the full article
3. Sahel Capital makes follow-on investment in West African agribusiness company
Sahel Capital’s Social Enterprise Fund for Agriculture in Africa has approved an additional $800,000 financing facility for MM LEKKER. This follows an initial $400,000 working capital loan earlier this year.
Benin-based MM LEKKER specialises in sourcing and selling soya beans, shea nuts, and cashew nuts to both local and international markets. Read the full article
4. Mediterrania Capital Partners completes a partial exit from Cash Plus
Mediterrania Capital Partners has announced the partial sale of its stake in Cash Plus – a money transfer and financial services provider in Morocco – through an IPO on the Casablanca Stock Exchange.
Albert Alsina, founder and CEO of Mediterrania, said: “Over the last few years, Cash Plus has become one of the largest fintech platforms in Africa, with a clear financial inclusion strategy. Its transformation is a testament to strong leadership and disciplined execution driven by its president and CEO, Nabil Amar, and its board.” Read the full article
5. Namibia’s Eos Capital achieves first exit
Namibian private equity firm Eos Capital, through its Allegrow Fund, has exited its investment in Erongo Medical Group (EMG).
Allegrow’s investment in EMG was executed as part of Eos Capital’s strategy to gain exposure to defensive, high-impact sectors with a particular focus on healthcare infrastructure and specialised medical services. Read the full article
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