Germany’s DEG takes $10 mln equity in Kenyan lender Chase
NAIROBI, Nov 18 (Reuters) – DEG, a subsidiary of German development bank KfW, has bought an unspecified amount of shares worth $10 million in Chase Bank, one of Kenya’s fastest-growing lenders, the Kenyan bank said. Kenyan banks have caught the eye of...
Strategic investors boost M&A in Egypt
Financial Times: This is Africa Egypt’s political and economic crisis has led to the lowest number of M&A deals in nearly a decade, according to Mergermarket data. However, these disruptions are unlikely to deter investors with long-term strategic interest in the...
Goodwell West Africa invests $2.74m in Nigerian microfinance bank
Africa Asset Management Oct 18 Goodwell West Africa, a microfinance investment vehicle with €12.5m ($17.11m) committed capital, has provided a subordinated loan of €2m ($2.74m) to Nigerian microfinance bank Mainstreet Bank MFB. Read more…
Kenyan private equity firm Fanisi eyes second fund in 2014
NAIROBI (Reuters) – Kenya-based private equity house Fanisi Capital will launch a second fund of at least $100 million before the end of next year to invest in new markets across sub-Saharan Africa, its managing partner said on Friday. Fanisi’s new fund...
Phatisa says closes African Agriculture Fund at $243 mln
JOHANNESBURG, Sept 18 (Reuters) – Private equity firm Phatisa has closed its biggest fund, the African Agriculture Fund, which has secured commitments of $243 million, it said on Wednesday.