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Brazil’s BTG launches $1bn Africa PE Fund

Brazil-based BTG Pactual bank has launched a $1billion Africa-focused private equity fund, according to the bank’s chief executive Andre Esteves [pictured].

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Aureos invests $5m in Therapia

Aureos has backed Nigeria-based fertility health care company Therapia Health with $5million. Therapia is the holding company for the Bridge Clinic, which is understood to be first assisted reproductive

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Accion sets up Venture Lab

US-based investor Accion has launched Venture Lab, a $10million global venture to provide seed capital to start-ups, with an initial focus on East Africa and South Asia. Venture Lab

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Tiger Global in $8m Iroko deal

US hedge fund and private equity investor Tiger Global Management has backed an $8million investment into Nigeria-based online movie and music distribution start-up Iroko Partners. Tiger Global is expected

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8 Miles gets $50m from CDC

8 Miles has received a $50million commitment from UK development finance investor CDC Group. CDC joins the International Finance Corporation (IFC) and African Development Bank (AfDB), which were key

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Chayton sells 81% of fund, changes to holding company

Chayton Capital has sold 81% of its agriculture private equity vehicle, Chayton Atlas Agricultural Company, to South Africa-based investment company Zeder for $46.7million, in a deal that sees the fund

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Imbewu buys BO’s Hire and Sales

Imbewu Capital Partners has reportedly bought an 85% stake in South-Africa based industrial support services company BO’s Hire and Sales, for approximately $3.8million (R30million). Imbewu is expected to pay

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Rowland sets up White Lake

Consensus Environment investment manager John Rowland has left the private equity group to set up White Lake Strategic Advisory Group, a company providing services to LPs investing in Africa. Rowland, who

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Consumers drive SA growth

Consumer spending continues to be a significant driver of South Africa’s economic growth, according to Barclays research. Spending has been bolstered by the passing down of lower policy rates

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RMB buys Fintech from Investec

RMB Corvest has acquired Investec’s stake in Fintech, a South Africa-based asset financing company focused on the technology sector. RMB has bought 11.9% of the company, with a portion of the