March 19th, 2018
The  weekly roundup of Africa's Private Capital news

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Here's the latest weekly preview edition of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces. 
 
Many thanks for being a reader. I'd encourage you to join our growing cohort of paid subscribers for 2018. Becoming a paid subscriber will give you immediate access to all the full stories in this week's edition as well as to those in all previous editions. The process is quick and simple and provides you with the flexibility of signing up for a year or on a month-by-month basis. You can choose from one of the following options below:
 
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acunningham@africacapitaldigest.com.
This week's issue supported by...             
AVCA 2018
Deals and Deal News...
Private Equity
Adenia's deal for Kanu earns Phatisa a 55% IRR
In backing Kanu, Adenia Partners is giving fellow-private equity investor Phatisa a partial exit.

Adenia takes controlling stake in Kanu, earning Phatisa a 55% IRR on part of its 2016 investment
Image Credit: Case IH
Private Equity
FinDev Canada backs M-KOPA for its first deal
Canada's new development finance institution is backing off-grid solar power provider M-KOPA for its first deal.
Private Debt
Debt financing for Mozambique solar plant finalized
The debt financing required by Scatec Solar to begin constructing a 40MW solar plant near the Mozambican city of Mocuba has now been finalized.
Venture Capital
Wefarm lands $5mln of additional seed capital
Wefarm, a free peer-to-peer service that enables farmers to share information via SMS, has secured $5 million in additional seed funding.
This week's issue supported by...             
Africa Energy Forum 2018
Funds & Fundraising...
Private Equity
APM Capital nears final close for infrastructure fund
A.P. Moller Capital has announced some additional capital commitments to its Africa Infrastructure Fund.
Projects & Portfolio Companies...
Private Equity
Helios Towers shelves its IPO plans
Having announced plans to list on both the London and Johannesburg Stock Exchange in early April, Helios Towers has shelved them for the time being.
Sovereign Wealth
Mubadala acquires Shorouk concession stake from Eni
Mubadala Petroleum, backed Abu Dhabi's Mubadala Investment Company, has agreed to acquire a 10% stake in the Shorouk concession off the coast of Egypt.
This week's issue supported by...             
AfCD 2017 SSA Guide Promo
New!
Africa Capital Digest's 
2018 Guide to sub-Saharan Africa's
Key Private Equity Investors
 
Coming soon and available at 25% pre-publication discount
 
Fresh dealflow, new clients, galvanized strategies...
 
Get the latest information on the private equity investors located in sub-Saharan Africa to fine tune your deal sourcing, client development strategies and more. Order your copy today and save 25% with the pre-publication discount. Time is limited, so act now and get ready to benefit from:
  • Profiles with Names, Emails of each firm's investment professionals
  • Details of active funds, preferred deal sizes, regional and sector preferences
  • Information on current portfolio companies and projects
  • Headquarter and Regional Office contact details
  • Quick reference indexes of fund managers and portfolio companies by sector
Order here today, risk-free and lock in the pre-publication rate
Trends & Perspectives...
Perspectives
Management fees and emerging market VC funds
Writing in VC Circle, Capria's Managing Partner Dave Richards looks at how to align management fee structures for emerging market VC funds to meet LP and GP needs .
Perspectives
Islamic finance key to closing infrastructure gap
In a piece for Business Day, Martin Botik looks at how Islamic finance, which has been growing steadily in sub-Saharan Africa for the past decade, remains a key source of funding for infrastructure projects south of the Sahara.
Companies, People & Profiles...
Companies
Fund Administrator JTC lists on the LSE
JTC, the provider of fund, corporate and wealth services to institutional and private clients, listed on the London Stock Exchange last week.
People
Omidyar Networks appoints new Managing Partner
Omidyar Network has appointed a new Managing Partner to take over from Matt Bannick who is stepping down from the position after eleven years at the helm.
Current Job Postings...
Highlighted job...             
Director, Africa - Global Development at Gates Foundation  // gatesfoundation.org
Based in Johannesburg, United States
Managing Partner at Flat6Labs Tunis  // flat6labs.com
Based in Tunis, Tunisia
Principal, Strategic Investments Fund at Gates Foundation  // gatesfoundation.org
Based in Seattle, United States
Investment Manager at Flat6Labs Central // flat6labs.com
Based in Cairo, Egypt
Investment Manager, Corporate Debt at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Executive at RMI Holdings  // linkedin.com
Based in Johannesburg, South Africa
Private Equity Associate at African Infrastructure Fund  // efinancialcareers.com
Based in Casablanca, Morocco
Associate, Fund Finance at Investec  // investec.com
Based in New York, United States
Associate at McKinsey  // mckinsey.com
Based in Casablanca, Johannesburg, Lagos and Nairobi
Senior Financial Analyst at Inspired Evolution // inspiredevolution.com
Based in Cape Town, South Africa
Private Equity Analyst at African Infrastructure Fund  // efinancialcareers.com
Based in Casablanca, Morocco
Upcoming Conferences...
Highlighted Event...             
WAMPEX 2018 
Accra, May 30th to June 1st, 2018
4th Africa Mini Grids Summit 
Nairobi, March 21st to March 22nd, 2018
15th Annual AVCA Conference 
Marrakech, April 22nd to April 26th, 2018
AFSIC 2018: Investing in Africa 
London, May 2nd to May 4th, 2018
20th Global Private Equity Conference 
Washington, DC, May 14th to May 17th, 2018
New this week...
Africa Tech Summit 
London, May 16th, 2018
New this week...
Africa Energy Forum 2018 
Black River, Mauritius, June 19th to June 22nd, 2018
New this week...
TMT Finance Africa 2018 
London, September 19th, 2018
And finally...
We hope you found the digest to be a useful summary of the major happenings in Africa's private capital markets last week.  We'd love it if you shared it with colleagues and business partners.  They can sign up for a free trial, for the moment,  here.  

Best wishes for a productive week - if you have any tips, suggestions, questions or comments, please get in touch.

All the best,
 
- Allan
 
Allan Cunningham
Editor & Publisher
AfCD | Africa Capital Digest

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