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ECP and Attijari reap 8.4x on CMT exit

Emerging Capital Partners (ECP) and Attijari Invest have hauled in 8.4x returns on their investment in Morocco-based resources exploration processing company Compagnie Minière de Touissit (CMT)). The exit generated an internal rate of return (IRR) of 94% for the investors’ co-managed fund.

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Actis in $484m Redal & Amendis deal

Actis has signed an agreement to acquire two Morocco-based utility services companies Redal and Amendis in a $484million (€370 million) deal.
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The deal sees Actis

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IFC backs $204m BCP bank deal

The International Finance Corporation has backed a $204 million investment into Morocco-based bank Banque Centrale Populaire (BCP). The deal sees the IFC and two of its captive funds acquire

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Adenium sets up venture arm

Dubai-based Adenium Energy Capital has launched a venture platform to focus on the Middle East and Africa (MENA) region, and the surrounding Asian and African countries.

Adenium Ventures

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Silk Invest buys into El Rashidy El Mizan

Silk Invest has acquired a significant minority stake in an Egypt-based food producer, El Rashidy El Mizan (EREM). The deal was priced at 5x earnings before interest tax and

Norton Rose opens Morocco Office

Norton Rose is set to open a new office in Morocco by the end of September, as it rolls out its strategy to expand its footprint across Africa The

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Abraaj buys Amundi’s African PE platform

Abraaj Capital has acquired Amundi’s North African private equity platform from Société Générale and Crédit Agricole. The agreement will see Abraaj Capital take over Amundi’s stake in the $161

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UK-Africa private equity pact signed

The Africa Venture Capital Association (AVCA) has signed an agreement to receive support from the British Venture Capital Association (BVCA) - a deal supported by the UK Prime

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Vantage mezz fund gets $25m from AfDB

South Africa-based private equity investor Vantage Capital has received a $25million commitment to its Vantage Capital Fund II (VCF II) from the African Development Bank (AfDB). VCF II is

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Citadel gets approval to raise $175m

Citadel Capital has received clearance from the Egyptian Financial Supervisory Authority to call a shareholders' meeting to raise its capital by $175million (E£ 1.05billion). The regulator is understood to have