Archive for May 2017

Africa Capital Digest Review Week 22

Last week was a quiet week for private capital investment activity in Africa. And, of the deal that were done, none were on the large side. In what we estimate to the the largest deal of the week, XSML Capital announced that it is backing KARE Distribution for its first Ugandan deal. Terms of the deal were [...]

SoftBank Leads $502 Million Investment in U.K. Tech Startup

SoftBank Leads $502 Million Investment in U.K. Tech Startup

SoftBank Group Corp. is leading a $502 million investment in Improbable Worlds Ltd., a London-based virtual reality startup, in one of the U.K.’s largest venture capital deals.
The valuation wasn’t disclosed. But SoftBank is buying a non-controlling stake, which would mean Improbable is worth at least $1.04 billion. The deal would rank as the fifth-largest U.K. venture [...]

Africa Capital Digest Week 21

Tech deals were the flavor of the week in Africa’s private capital investment world last week. There were three private equity transactions reported, for established companies and a startup.
Google, Convergence Partners, the IFC and Mitsui & Company are teaming up to commit up to $100 million to CSquared, a broadband infrastructure company building wholesale metro fibre optic networks [...]

Développement : 350 millions d’Africains font désormais partie de la classe moyenne

Développement : 350 millions d’Africains font désormais partie de la classe moyenne

Concernant “la santé, l’éducation et le niveau de vie”, un tiers des pays africains ont atteint des niveaux de développement “moyens ou élevés”, selon un rapport publié lundi par la BAD, en partenariat avec l’OCDE et le Pnud.
Même si « les progrès sur le front du développement humain restent lents et inégaux », 18 pays africains sur [...]

Africa Capital Digest week 20

Africa Capital Digest week 20

Hopefully, small proves to be beautiful for the Africa-focused private equity investors making deals last week. Because, the common theme of the week was deals of the smaller variety. Not that they don’t have big plans. They do.
Fresh from holding a first close for its second fund in early April, Catalyst Principal Partners has completed the [...]

Télécommunications : Maroc Telecom récolte les fruits de son offensive subsaharienne

Télécommunications : Maroc Telecom récolte les fruits de son offensive subsaharienne

Pionnier parmi les entreprises chérifiennes à s’être implantées au sud du Sahara, l’opérateur de téléphonie mobile tire désormais une bonne partie de sa croissance de ses nouveaux marchés.
La réussite de l’offensive africaine de Maroc Telecom est à présent tangible dans les comptes, y compris pour ses dernières acquisitions de 2015. « Les nouvelles filiales Moov [au [...]

L’industrialisation de l’Afrique passera par l’agriculture et l’agro-industrie

L'industrialisation de l’Afrique passera par l’agriculture et l’agro-industrie

Dans cette tribune exclusive pour La Tribune Afrique, Akinwumi Adesina, le président de la Banque africaine de développement (BAD) revient sur les enjeux stratégiques dont est porteur le secteur agricole pour l’industrialisation et le développement des pays africains. L’agriculture figure en effet au second rang des priorités de l’institution panafricaine et c’est dans ce cadre [...]

Verizon ups 5G bidding war for Straight Path with $1.6bn offer

Verizon is understood to be the “unnamed telco” that has offered almost double AT&T’s $1.6bn bid for wireless spectrum holder Straight Path Straight Path, which specialises in millimetre wave (mmW) communications, had already received a bid of $1.6 billion from AT&T, but according to US report, Verizon has almost doubled the amount on offer. Straight [...]

Africa Capital Digest Week 19

An exit and portfolio company deals were the main features of private equity activity in Africa last week. And not a fund raising announcement in sight, which, as you know, was unusual as far as 2017 is concerned.
First the exit; GetSmarter, a provider of online executive education courses, has been acquired by 2U for $103 million, handing [...]

Africa capital Digest Week 18

Numbers were in short supply last week. By that we mean that all of Africa’s private equity deals reported came without their financial terms being disclosed. But deals there were, in all the main sub-Saharan regions.
In South Africa, Ethos Private Equity announced that it has led a deal in partnership with Nedbank Private Equity and the company’s [...]