March 30th, 2020
The  weekly roundup of Africa's Private Capital news

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Here's our weekly wrap of the deal and fundraising activity that took place in Africa last week. Thank you for being a reader and we look forward to continuing to keep you informed on the private capital investment themes, deals and fund raises in Africa throughout the year.

With the rapidly changing situation surrounding the global COVID-19 pandemic, w
e at Africa Capital Digest remain committed to providing you with news and information on the important private capital market events and perspectives during this challenging time. We hope to keep you abreast of market happenings and provide you with market information which may be harder to come by as the current situation evolves. 

We thank you for being part of the Africa Capital Digest community and encourage you to contact us with any suggestions on topics and coverage which might be more useful to everyone by emailing  me at   Allan Cunningham  today.

Best wishes to everyone for a healthy, productive week.
This week's issue supported by...             
Deal News...
Private Equity
Zebu's AFSF buys slice of retail bakery chain
Zebu Investments is making an investment in a Tanzanian retail bakery chain on behalf of its sophomore fund, the African Food Security Fund. The deal sees...

Zebu Investments backs Tanzanian bakery chain Royal Oven
Image Credit: Pixabay
Private Equity
Golden Square strikes deal for gold mining company
Golden Square Equity Partners has entered into a deal to acquire London-listed ARC Minerals' interest in Casa Mining, owner of an almost...
Venture Capital
GreenTec backs Ivorian waste recycling startup
GreenTec Capital Partners announced an investment in an Ivorian recycling and waste management startup last week. ..
Fund & Fundraising News...
Private Equity
Second close for 27four's second fund-of-funds
27four Investment Managers has held a second close for its second fund-of-funds, winning commitments totaling R710 million.. .
Venture Debt
Equalife launches COVID-19 Relief venture debt fund
In response to the COVID-19 crisis, Equalife Capital has launched a venture debt relief fund to support otherwise promising startups in Africa weather the crash.. .
Venture Capital
DGGF anchors first close for Moroccan venture fund
The Dutch Good Growth Fund is anchoring the launch of a new Moroccan venture fund which will be managed by Azur Partners, a Casablanca-based fund manager.. .
Projects & Portfolio Company News...
Agribusiness
STANLIB's deal for grain manager gets the green light
STANLIB Asset Management's proposed acquisition of a South African grain management business has been given the go-ahead without conditions.. .
Healthcare Financial Services
Nigerian fintech Aella partners with Hygeia HMO
Having raised $10 million in debt from HQ Financial last month, Lagos-based financial technology business Aella has struck a joint venture agreement with Hygeia HMO.. .
Trends & Strategies...

ESG
ESG and Africa's Unlisted Companies: 100 million lives transformed
In the second  of several excerpts from the just-published Impact Africa report, a case study of how d.light has impacted millions of lives sustainably by providing them with clean and reliable electricity.

Written by the company's CEO, Ned Tozun, the article examines the evolution of the company and its sustainable business model, highligting the impact it has had on the lives and lifestyles of its customers.
Companies, People & Profiles...
People
Soofie takes on CEO role at Dentons South Africa
As part of a succession plan, Managing Partner Noor Kapdi is handing over his operational responsibilities for Denton's South African business to Zaeem Soofie who...
Current Job Postings...
Job of the week...             
Senior Investment Associate at Centum
// centum.co.ke
Based in Nairobi, Kenya
Senior Investment Officer at Kenya Power Pension Fund
// kppf.co.ke
Based in Nairobi, Kenya
Transaction Leader at Open Capital Advisors
// opencapital.com
Based in Nairobi, Kenya
Investment Associate, Catalyst Funds at CDC
// cdcgroup.com
Based in London, UK
Investment Associate, Construction & Real Estate at CDC
// cdcgroup.com
Based in London, UK
Investment Associate at CrossBoundary
// crossboundary.com
Based in Nairobi, Kenya
Analyst at CrossBoundary
 
// crossboundary.com
Based in Accra, Ghana
Upcoming Conferences...
Highlighted Event...             
Africa Bank 4.0 Summit 
Nairobi, Kenya, June 24th to June 25th, 2020
Africa Assembly 
Paris, France, June 23rd to June 24th, 2020
21st Africa Energy Forum 
Barcelona, Spain, June 30th to July 3rd, 2020
Finnovation East Africa 
Nairobi, Kenya, August 27th to August 28th, 2020
Power Project Finance 
Johannesburg, South Africa, September 7th to September 11th, 2020
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 subscribe to Africa Capital Digest and receive full access to the service if they take a moment  to  sign up here today.

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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