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

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Here's the latest preview of the weekly wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces. 

A reminder that if you or any of your colleagues or business partners would like to have full access to all that an Africa Capital Digest membership offers, please email me at acunningham@africacapitaldigest.com.



Allan Cunningham
Editor & Publisher
This week's issue supported by...             
TMT Africa 2018
Deals and Deal News...
Private Equity
Ascent backs Kenya's Auto Springs for eighth deal
East Africa-focused private equity firm Ascent Capital is making its eighth investment for the Ascent Rift Valley Fund and backing Auto Springs East Africa.

Lucas Kranck, David Owino and Guy Brennan (l to r) of Ascent, which backed Auto Springs last week
Private Equity
Inspired Evolution invests $36 mln for Fund II
Inspired Evolution is backing Alten RE Developments Africa, a subsidiary of independent power producer Alten Energias Renovables for its second fund.
Private Equity
Imara Private Equity invests in Yellowstripe Resources
Imara Holdings' private equity arm announced its investment in Zambia's Yellowstripe Resources last week.
Private Equity
EOS Capital buys majority stake in HEP
Actis has agreed to sell its majority stake in Mentor Management, a Kenyan project Namibian private equity fund manager EOS Capital is acquiring a majority stake in water management business, Heat Exchange Products.
Funds & Fundraising...
Private Equity
Bamboo and BBOXX launch BEAM
Bamboo Capital Partners and BBOXX are joining forces to  launch BEAM, a private capital fund backed by a mix of funds-of-funds, family offices, institutional investors and corporations.
Private Equity
Ethiopia's Cepheus holds first close for maiden fund
The Cepheus Growth Capital Fund, the maiden private equity fund for Ethiopian fund manager, Cepheus Growth Capital, has held its first close.
Venture Capital
TLcom's TIDE Africa fund wins Proparco commitment
Proparco, the French development finance institution, has agreed to commit capital to TLcom's TIDE Africa Fund.
This week's issue supported by...             
Powering Africa 2018 DC
Sectors & Strategies...
Housing shortage yields high returns
Writing for BizNis Africa, Kiara Suttner looks at the ways South Africa's housing shortage might offer investors good returns.
Companies, People & Profiles...
Al Ammari tapped as acting CEO of ICD
The private sector arm of the Islamic Bank Group has a new acting CEO.
Silicon Valley and Africa's entrepreneurs go-between
A profile in Forbes of Maya Horgan Famodu, the founder of Ingressive, who is solving a big problem for Silicon Valley and helping investors who want to invest in Africa get the local know-how and local partners to help them get in on the inside.  
Current Job Postings...
This week's featured job...             
Deputy CIO, Higher Risk Investment Portfolio at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Director, Food, Agriculture and Consumer at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Executive, Africa Funds, Intermediated Equity at CDC  // cdcgroup.com
Based in London, United Kingdom
Investment Officer, Africa Infrastructure at IFC  // ifc.org
Based in Johannesburg, South Africa
Investment Officer at IFC  // ifc.org
Based in Dakar, Senegal
Investment Officer at IFC  // ifc.org
Based in Nairobi, Kenya
Associate, CIOs Office at CDC  // cdcgroup.com
Based in London, United Kingdom
Upcoming Conferences...
Highlighted Event...             
4th Africa Mini Grids Summit 
Nairobi, March 21st to March 22nd, 2018
SAVCA 2018 Annual Conference 
Stellenbosch, February 21st to February 22nd, 2018 
4th Annual Powering Africa Summit 
Washington, DC, February 28th to March 2nd, 2018
Bonds, Loans & Sukuk Africa 
Cape Town, March 13th to March 14th, 2018
TMT Finance Africa 
Cape Town, March 15th, 2018
2nd Annual Pension Funds and Alternative Investments Africa 
Balaclava, Mauritius, March 15th to March 16th, 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
WAMPEX 2018 
Accra, May 30th to June 1st, 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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