December 2016

Weekly Wrap, December 19th, 2016; Denham Capital, Harith, DOB Equity and others make private capital deal news last week

December 19, 2016

Last week in brief…December 19th, 2016 The energy sector grabbed the private capital investment headlines in Africa last week in what was otherwise a quietish week. As the year draws to a close, [more...]

AfDB seeds renewable energy fund with $100mln

December 18, 2016

The African Development Bank is seeding the Facility for Energy Inclusion, a planned $500 million pan-Africa renewable energy debt fund with $100 million, it was announced last week. The financing [more...]

Amandi Energy achieves $552mln financial close

December 18, 2016

The Amandi Energy Consortium, which counts a number of private capital investors amongst its backers, announced that it has reached financial close and begun construction of the $552 million Amandi [more...]

DOB Equity backs Countryside Dairy in undisclosed deal

December 18, 2016

Dutch family office DOB Equity has made an investment for an undisclosed stake in Countryside Dairy, a Kenyan dairy-processing firm. The capital will be used to support the firm’s plans to expand [more...]

IFC in $20mln equity deal for Hassan Allam Holding

December 18, 2016

The IFC announced a $20 million equity investment in Hassan Allam Holding, one of Egypt’s largest private construction companies, last week, to support both infrastructure development and promote [more...]

Africa50 makes first investment with Nigerian solar deal

December 18, 2016

Africa50, the infrastructure investment fund backed by the African Development Bank and more than twenty African countries, has announced its first investment to support the development of an 80MW [more...]

FMO and IFC back Mobisol with €14.6mln

December 18, 2016

Two development finance institutions, the IFC and Dutch development bank FMO, announced they have joined Investec Asset Management in backing Mobisol, a provider of off-grid solar systems in Africa. [more...]

Africa’s biggest banks are investing billions in digital banking technology

December 18, 2016

As the popularity of mobile money alternatives to traditional banking surges on the continent, Africa’s banks are investing billions in developing digital banking technology solutions in order to [more...]

Outbound South African M&A looks set for another strong year

December 18, 2016

Analysis by law firms Linklaters and Webber Wentzel points to another strong year in 2016 for South African outbound M&A. Last week they announced that there has been almost $7 billion worth of [more...]

Bowmans opens Tanzanian office

December 18, 2016

Come January, law firm Bowmans will have seven offices operating across Africa once its latest office officially opens in Tanzania’s capital city, Dar es Salaam. Led by a trio of Founding Partners, [more...]

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