Gunvor Buys Oil Asset

Gunvor Buys Oil Asset

Moscow Times 17 May 2013 Oil trader Gunvor, co-owned by businessman Gennady Timchenko, in January bought a 9.9-percent stake in Swedish oil and gas company PA Resources, a news report said Thursday, citing the company’s corporate materials. As a result of the...
XSML finances expansion of Starz-kin into Congo’s interior

XSML finances expansion of Starz-kin into Congo’s interior

Africa Venture Capital Association 14 May 2013 Dutch fund manager XSML announced its investment in Starz-kin, a retail business consisting of shops that sell household goods to the lower end of the market in DRC. This investment, through XSML’s Central Africa SME...
Geldof’s Africa fund backs commodity exchange company

Geldof’s Africa fund backs commodity exchange company

CAPE TOWN, May 10 May 10 (Reuters) – Bob Geldof’s 8 Miles African private equity fund has made its first investment, backing a start-up company that plans to build commodity exchanges across Africa and improve food security. The rock star activist’s...

Injaro invests in Ivorian poultry inputs company, Proveto SA

African Venture Capital Association 9 May 2013 Injaro Agricultural Capital Holdings Limited (“Injaro”) announces an investment in Cote d’Ivoire’s poultry sector. Injaro has signed an agreement to invest in Proveto SA (“Proveto”), an important local poultry inputs...