July 20th, 2020
The  weekly roundup of Africa's Private Capital news

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Here's your preview edition to this week's Africa Capital Digest. We reported on some interesting deals last week and we think you'd get a lot of value from having the access to the full stories behind these headlines. Take a look.

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1. Find out  how much is being invested or what size stake the investor now owns 
2. See which of the investor's partners are  joining the company's board
3. Discover  which advisory firms worked on the deal
4.  Learn how big  a fund is/is planning to be
5. Determine a new fund's strategy;  regions, sectors, target attributes, ticket sizes
6. Review  a new fund's LPs for this and prior closes
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Best wishes to everyone for a healthy, productive week.
This week's issue supported by...             
Deal News...
Private Equity
Novastar, AXA, and FMO lead initial close for Series B
Novastar Ventures, AXA Investment Managers, and FMO, the Dutch development bank have co-led an investment in Kenya-based sustainable forestry business,...

Sustainable forestry business Komaza lands initial Series B round from Novastar, AXA, and others
Image Credit: Komaza
Private Equity
Partech Africa re-ups for maiden investee's latest round
Partech Africa is back again, co-leading an investment round in TradeDepot, the business it first backed in 2018 for its maiden deal...
Private Equity
Affirma exits Topaz stake as part of DP World acquisition
Affirma Capital has fully exited its stake in Topaz Energy and Marine following DP World's $1.1 billion acquisition of the oil services and marine logistics...
Private Equity
Kuramo doubles size of its investment in Nabo Capital
Kuramo Capital Management made a follow-on investment in Nabo Capital last week, doubling the amount of capital the New York-headquartered firm has put to work in...
Credit
ALCB's deal catalyzes investments for Sonatel's bond
The African Local Currency Bond announced that it participated in Sonatel's XOF 100 billion ($170 million) bond issuance earlier this month, catalyzing...
Venture Capital
EAV invests in Chad's ZIZ Energie
In the second investment for its €75 million fund in the past two weeks, Energy Access Ventures is backing ZIZ Energie, an electrification company based in Chad...
Venture Capital
SweepSouth lands investment from Futuregrowth
Futuregrowth announced last week that its Development Equity Fund backed SweepSouth in June, joining Naspers Foundry, Vumela, CRE Ventures and...
Fund & Fundraising News...
Private Equity
Demand for Actis's fifth energy fund robust
Just six months after launching a fifth energy sector-focused private equity fund, Actis has reportedly raised almost...
Private Equity
OeEB backs LHGP-managed energy financing facility
The Facility for Energy Inclusion, a debt fund focused on backing independent power producers developing grid, mini-grid and captive power projects, has raised an...
Projects & Portfolio Companies...
Private Equity
CompCom greenlights Capitalworks' deal for Peregrine
South Africa's Competition Commission approved Capitalworks' proposed bid to acquire publicly listed financial services firm Peregrine Holdings with the condition...
Companies, People & Profiles...
Companies
TransCentury to delist and tap private capital markets
The Board of infrastructure investment firm TransCentury is recommending the company's shareholders approve the delisting of the firm from the Nairobi Stock...
People
DFC sets up Africa investment advisory team
The U.S. International Development Finance Corporation (DFC), is establishing a regional team of investment advisors in Africa to develop new investments, support...
People
Enko's Nkontchou named Chair of Ecobank's board
Enko Capital Management's Managing Partner Alain Nkontchou has been named as the new Chair of Ecobank Transnational's Board of Directors. He succeeds...
People
Verod makes hires from Stanbic and LeapFrog
Verod Capital Management, a Lagos-based private equity firm, announced the hire of senior executives last week from two leading capital markets businesses focused...
Current Job Postings...
Job of the week...             
New this week...
DFC Africa Investment Advisors at CrossBoundary
 
// crossboundary.com
Opportunities in Addis Ababa, Dakar, Lagos, Nairobi & Johannesburg 
Director, Strategic Investment Fund at Bill & Melinda Gates Foundation
 
// gatesfoundation.com
Based in Seattle, United States
New this week...
Investment Officer, East Africa at Nithio  // nithio.com
Based in Nairobi, Kenya
Investment Manager, Catalyst Strategies at CDC  // cdcgroup.com
Based in London, United Kingdom
New this week...
Investment Manager, Scalable Enterprises at Norfund  // norfund.no
Based in Cape Town, South Africa
New this week...
Associate, Scalable Enterprises at Norfund  // norfund.no
Based in Cape Town, South Africa
New this week...
Investment Analyst, Venture Capital at IFC
 
// ifc.org
Based in Lagos, Nigeria
Upcoming Conferences...
Highlighted Event...             
RENPOWER Africa: Renewables & Mining 
Virtual Event, August 26th to August 27th, 2020
Africa Bank 4.0 Summit 
Virtual Event, August 26th to August 27th, 2020
Finnovation East Africa 
Nairobi, Kenya, August 27th to August 28th, 2020
Power Project Finance 
Johannesburg, South Africa, September 7th to September 11th, 2020
21st Africa Energy Forum 
Amsterdam, The Netherlands, October 20th to October 22nd, 2020
SuperReturn Africa 
Cape Town, South Africa or Online, December 1st to December 3rd, 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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