February 26th, 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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This week's issue supported by...             
PIA Africa 2018
Deals and Deal News...
Private Equity
Investec makes additional follow-on deal in Mobisol
Investec Asset Management is backing off-grid solar home system provider Mobisol in an additional follow-on deal.

Investec Asset Management backs Mobisol in follow-on growth capital deal
Image Credit: Mobisol
Private Equity
Acorn Agri agrees to merge with Overberg Agri
Acorn Agri, the investment platform managed by Acorn Private Equity, looks set to merge with JSE-listed Overberg Agri.
Private Equity
iflix's Africa arm sells stake to Kwesé
iflix, a private equity-backed video-streaming business with operations in Africa has agreed to sell a significant stake in iflix Africa to Kwesé.
Funds & Fundraising...
Private Equity
EIB mulls investment in Inside Capital's maiden fund
The European Investment Bank has become the latest organization to consider investing in Inside Capital's maiden private equity fund.
Private Equity
Verod's third fund in line for EIB investment
Verod Capital Management, a Nigerian investment firm, is the potential beneficiary of a capital commitment from the European Investment Bank.
This week's issue supported by...             
AVCA 2018
Sectors, Strategies & Perspectives...
Solar
Off-Grid firms move into West Africa
With at least 11 off-grid companies moving into the West African market in the last two years, Reuters highlights the the market activity in the region.
Perspective
Ramaphosa's accession a chance to reset US/SA relations
In a guest blog for the Council for Foreign Relations, Acorus Capital's Anthony Carroll explains how Ramaphosa's appointement as the newly-elected President of South Africa provides an opportunity for the United States to reengage with South Africa.
Private Equity
Exiting African private equity investments
As part of White & Case's 2018 Africa Focus, Kenneth Barry and Linford Coates examine the private equity exit strategies that are gaining traction.
Private Equity
Private Equity's potential to fund Africa's infrastructure
In a piece on SGG Group's blog, Justin Partington examines the potential of private equity to finance and help close Africa's infrastructure gap.
Venture Capital
Partech report finds 2017 venture funding jumped 53%
According to Partech Ventures latest funding report, venture capital investments in Africa-focused startups jumped by some 53% in 2017, reaching $560 million.
Complimentary ESG Survey Report
Kudos Image
New initiative maps sustainability (ESG) practices of African businesses
Responsible and impact investing is changing the game for PE investors in African deals. DFIs require it and the business case is emerging. However, the challenge remains to find companies that understand environmental, social and governance (ESG) issues and are committed to managing them. 

KudosAfrica and Africa Capital Digest have teamed up to create a much-needed, common data resource on what African businesses are doing to address sustainability issues. The ImpactPulse Survey, launched in 2017, covers all of Africa with support from a growing number of strategic partners. 

Initial findings were released in the first issue of ImpaktAfrica Magazine . The magazine also features practical articles on value creation through ESG from a range of African experts and investors. Download your free copy today.
Companies, People & Profiles...
Companies
Africa Merchant divests its asset management arm
Africa Merchant Capital is selling its investment management unit, one of its three business lines.
People
Abraaj takes deal pause as leadership reshuffles
Late last week, The Abraaj Group announced it is overhauling the firm's governance and operating model and  appointing a new leadership team.
People
OMAI taps company veteran to head impact funds
Old Mutual Alternative Investments has tapped one of its own to head up its impact funds business.
Current Job Postings...
This week's featured job...             
Deputy CIO, Higher Risk Investment Portfolio at CDC  // cdcgroup.com
Based in London, United Kingdom
Principal Co-Financing Officer at African Development Bank  // afdb.org
Based in Abidjan, Cote d'Ivoire
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
Associate at McKinsey  // mckinsey.com
Based in Casablanca, Johannesburg, Lagos and Nairobi
Upcoming Conferences...
Highlighted Event...             
Harvard Business School Africa Business Conference 2018 
Boston, March 2nd to March 4th, 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
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
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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