ACA buys Sanlam’s stake in Simcap

African Capital Alliance (ACA) has bought Sanlam Investment Management’s 50% stake in SIM Capital Alliance (Simcap), a Nigeria-based asset manager. The deal sees ACA become...

Fusion acquires 25% of REMU

Fusion Capital has bought a 25% stake in Kenya’s REMU Microfinance Bank. The financing will provide REMU with working capital, and fund its strategy to...

Goodwell in Mainstreet deal

Goodwell West Africa has backed in, Nigeria-based financial services company Mainstreet Bank MFB.

ESGs boost exits

Environmental, Social and Governance (ESG) improvements are key to positioning a private equity company for strong exit prospects, according to recent research.

ICEA et al. launch SME fund

Kenya-based Insurance Company of East Africa (ICEA) has partnered with the Norwegian Investment Fund for Developing Countries (Norfund) and Imara Securities to launch a $100 million private equity fund.

HBD sells Fundamo to Visa

Early-stage investor HBD Venture Capital has sold its stake in South-Africa-based mobile payment company Fundamo, in a $110million trade deal to Visa.

ACA backs $750m Union Bank deal

Nigeria-based private equity investor, African Capital Alliance (ACA), has reportedly led a $750million investment in Union Bank of Nigeria.

Vine Capital to buy Finbank and Afribank

Vine Capital is reportedly working on plans to acquire two Nigerian banks, Finbank and Afribank, in a bid to merge the two into one company.

ACA gets $7m from EDC

African Capital Alliance (ACA) has received a $7m commitment for its Capital Alliance Private Equity III from the Export Development Canada (EDC).

I&P exits Mauritius Union Assurance

I&P Capital has reportedly exited its stake in insurance company Mauritius Union Assurance to a consortium of Mauritian Investors.