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Mauritian PE firm Adenia Partners acquires French MNC's business in 12 countries

Manufacturing

15 March, 2024

Mauritian PE firm Adenia Partners acquires French MNC's business in 12 countries

Mauritius-based private equity firm Adenia Partners, which focuses on mid-sized businesses across Africa and is deploying its fifth fund, is ......

Africa-focused PE XSML Capital marks first close of fourth fund

Finance

11 March, 2024

Africa-focused PE XSML Capital marks first close of fourth fund

XSML Capital, an Africa-focused Dutch private equity firm, marked the first close of its fourth investment vehicle to back small ......

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Decoding IFC-Solcon's game plan for deep-tech investments in India, South Africa

TMT

04 March, 2024

Decoding IFC-Solcon's game plan for deep-tech investments in India, South Africa

A co-investment platform recently set up by International Finance Corporation (IFC) and a South African private investment firm plans to ......

IFC teams up with PE firm Solcon Capital for deeptech bets in India, South Africa

TMT

28 February, 2024

IFC teams up with PE firm Solcon Capital for deeptech bets in India, South Africa

International Finance Corporation (IFC) and African tech-focused private equity firm Solcon Capital (earlier Convergence Partners Investments) are coming together to set ......

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DFDF backs Africa VC fund in tenth LP-style bet

Finance

19 February, 2024

DFDF backs Africa VC fund in tenth LP-style bet

Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-funds, has struck its tenth limited partner-style deal in ......

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AfricInvest set to get cheque from returning LP for SME fund

Finance

14 February, 2024

AfricInvest set to get cheque from returning LP for SME fund

AfricInvest, a pan-African private equity investment platform managing a portfolio of over 200 companies in more than 35 countries, is ......

Nigerian-born mobility fintech startup Moove gets debt funding for India expansion

TMT

14 February, 2024

Nigerian-born mobility fintech startup Moove gets debt funding for India expansion

Moove, a Nigerian-born mobility fintech startup, said Wednesday it has raised $10 million (about Rs 83 crore at current exchange ......

World Bank's Banga denies IFC cover up of abuse involving Kenya school investment

General

06 February, 2024

World Bank's Banga denies IFC cover up of abuse involving Kenya school investment

World Bank President Ajay Banga on Monday rejected allegations that the bank's International Finance Corp arm sought to cover up ......

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African PE firm SPE Capital taps another returning LP for third fund

Finance

05 February, 2024

African PE firm SPE Capital taps another returning LP for third fund

Africa- and Middle East-focused private equity firm SPE Capital, which invests in mid-sized companies, is set to secure a commitment from ......

MENA Digest: DXWand, Crysp Farms, Karty, Crealo secure funding

TMT

26 January, 2024

MENA Digest: DXWand, Crysp Farms, Karty, Crealo secure funding

Egyptian artificial intelligence startup DXWand led dealmaking in the Middle East and North Africa region this week. It raised growth ......