SA FoF in direct deal
A South Africa-based fund-of-funds (FoF) manager has signed a deal to back a technology-based financial services company – which is part-owned by Edge Growth,...
Finance in Motion fund expands to SSA
Finance in Motion has expanded the geographic coverage of its specialist vehicle to Sub-Saharan Africa (SSA).
The open-ended vehicle, SANAD Fund for MSME will now...
Norsad backs Fairfax portfolio
Norsad Finance has injected an undisclosed amount of debt in Nova Pioneer Education Group, a South Africa-based education company which is part-owned by Fairfax...
LP signs off on LCP fund
A US-based development finance institution has approved a commitment to Lorax Capital Partners’ (LCP) country-focused vehicle.
The International Financial Corporation (IFC) has committed $25 million...
AfricInvest crosses 40% on 1st close
AfricInvest has touched first close on its fourth Africa-focused generalist vehicle, raising over 40% of the final targeted amount.
The investor has brought in $202...
LeapFrog & Prudential in Kenya deal
LeapFrog Investments and Prudential Financial are in a deal to acquire a 24% stake in ICEA Lion Group, a Kenya-based financial services company.
This transaction...