Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Investec made an initial equity investment into Mobisol in late 2016, leading a consortium that included the...
Investec Asset Management Private Equity (Investec) has divested its equity holding in Ashwah Holdings (Ashwah), parent company of Daraju Industries (Daraju), by selling its significant minority stake back to the company. Daraju is a leading Nigerian manufacturer of high-quality and attractively priced branded personal and household care products. Selling primarily through...
At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners. ESET Southern Africa is the local distributor and brand operator for leading global internet and endpoint security software vendor...
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the first closing of its North African Fund (MPEF IV). The fund has received capital commitments of EUR137mn from prestigious finance institutions and expects the total to grow to more than EUR150mn by year-end. MPEF IV is a 10-year fund managed by...
The Government of Rwanda and Metito have announced the financial close of the Kigali Bulk Water Supply Project. This project is the first competitively tendered Build Operate Transfer (BOT) Water Concession in Sub-Saharan Africa outside of South Africa. Construction is forecasted to last 30 months from the commencement date. The project will be located in...
The government of Victoria has announced the route for the long-awaited North East Link road project. This will complete a ring-road around Melbourne, connecting the suburbs in the east from Nunawading, to Greensborough in the north. The route spans 26 km. It has been selected from a shortlist of four...
SCC Nigeria is currently seeking an additional US $89.6m for the construction of the Otukpo Multipurpose Dam in Benue. According to Sabastine Oteba, SCC Resident Engineer, the request for the contract review is due to an increase in cost of items. On the other hand, a project verification team from the...
The Emerging Africa Infrastructure Fund (EAIF) has announced the financing for a large-scale water treatment plant in Rwanda. The water treatment plant is the first Bulk Surface Water Supply in sub-Saharan Africa using a public/private partnership (PPP) model. It is also one of the few sub-Saharan Africa water infrastructure projects on a...
Burkina Faso has launched West Africa’s largest solar power plant- Zagtouli solar power plant. This is in a deliberate move by the country to boost renewables and cut energy dependence on its neighbours. The US $56.27m project has been funded in part by US $ 29.6m donations from the European Union and a...
Kenya National Highways Authority (KeNHA) has signed a contract with South African construction firm, Group Five Construction Proprietary Limited to initiate the construction of the Lamu-Isiolo road. The US $602m project is part of the Lamu Port South Sudan Ethiopia Transport (LAPSSET) Corridor Project Kenya hopes that the 530km road will...
