June 4th, 2018
The  weekly roundup of Africa's Private Capital news

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

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This week's issue supported by...             
RMB COrvest Campaign - June 2018
Deals and Fundraising News...
Mezzanine
Ashburton holds first close for new Mezz fund
Ashburton Investments has held the first close for its inaugural mezzanine fund which launched last year.

Ashburton's new mezzanine fund will target established mid-size and large cap opportunities in Southern Africa
Private Equity
Àrgentil backs Tempo with in debt/equity deal
Àrgentil Capital Partners is backing a Nigerian housing developer for its second fund's third deal.
Private Equity
IFC mulls commitment to Apis's second fund
Apis Partners' second private equity fund is in line for a capital commitment from the International Finance Corporation.
Private Equity
Letshego raises capital from European investor group
Letshego Holdings has raised fresh funding from a group of European specialist and impact investors.
Venture Capital
Nigeria's Piggybank.ng raises seed round
A group made up of high net worths and venture capital firms have backed Piggybank.ng's seed round.
Venture Capital
HAVAIC leads first external investment in AURA
Cape Town-based HAVAIC has led the first external equity investment round in AURA, a cloud-based security and safety startup.
This week's issue supported by...             
Time's running out...
Get the best deal on the 2018 Guide to Sub-Saharan Private Equity from Africa Capital Digest

Make sure you order Africa Capital Digest's 2018 Guide to sub-Saharan Private Equity today to ensure you enjoy the 25% pre-publication savings on this comprehensive, up-to-date source of information. It will include:
  • Firm 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
"The must-have reference and planning resource for investors and their advisers exploring the private equity investment opportunity in sub-Saharan Africa."

Sectors, Trends & Perspectives...
Strategies
AfDB, Africa50 and GCF team up for Sahel solar projects
Africa50, the Green Climate Fund and the African Development Bank are teaming up to support the development of solar projects in the Sahel.
Perspectives
PE should promote gender equity in Africa's businesses
Writing in the Financial Times, Aubry Hruby argues that the private equity industry is uniquely placed to drive gender equity in African business.
Current Job Postings...
Highlighted job...             
New this week...
Chief Investment Officer at MedAccess, a CDC company  // cdcgroup.com
Based in London, United Kingdom
New this week...
Principal Investment Officer, AHWS at African Development Bank  // afdb.org
Based in Abidjan, Côte d'Ivoire
New this week...
Investment Manager, Food & Agriculture, Equity at CDC  // cdcgroup.com
Based in London, United Kingdom
Capital Markets Transaction Leader at Open Capital  // opencapitaladvisors.com
Based in Nairobi, Kenya
Senior Associate, Minigrid Innovation Lab at CrossBoundary  // crossboundary.com
Based in Nairobi, Kenya
Associate, Development Impact (Intermediated Equity) at CDC  // cdcgroup.com
Based in London, United Kingdom
Analyst, Financial Services Strategy at Genesis Analytics  // genesis-analytics.com
Based in Johannesburg, South Africa
Analyst, Financial Services Strategy at Genesis Analytics  // genesis-analytics.com
Based in Nairobi, Kenya
Upcoming Conferences...
Highlighted Event...             
Africa Energy Forum 2018 
Black River, Mauritius, June 19th to June 22nd, 2018
Finnovation South Africa 
Johannesburg, June 6th, 2018
Africa Trade & Investment Global Summit 
Washington, DC, June 24th to June 26th, 2018
TMT Finance Africa 2018 
London, September 19th, 2018
Regional Energy Cooperation Summit 
Accra, September 26th to September 28th, 2018
Africa Renewable Energy Forum 
Marrakech, November 15th to November 16th, 2018
Gas Options: North & West Africa Summit 
Marrakech, November 15th to November 16th, 2018
New this week...
SuperReturn Africa 
Cape Town, November 5th to November 7th, 2018
International Gas Cooperation Summit 
Durban, December 4th to December 5th, 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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