Investors in this latest tranche include Belgian Investment Company for Developing Countries (BIO) and France’s Proparco. The financing is part of a $50million debt and equity capital raising plan to finance the company’s growth.

ECP first backed Oragroup in 2008, through a minority stake and a year later wholly acquired the company. BIO and Proparco have  also previously invested in Oragroup, backing a $20million investment round in 2011. The duo respectively invested $7million and $13 million in the deal.

“Oragroup is a cornerstone investment. This latest round of successful fundraising demonstrates that Oragroup’s investors are backing its long-term development ” said  William Nkontchou, director of the ECP.  “We look forward to moving our relationship forward into its next phase of growth.”

Based in Togo’s capital city of Lomé, Oragroup provides banking services across six countries including Benin, Togo, Guinea, Chad, Gabon, Mauritania. The group as of May 2013 had a balance sheet of $1.4billion (€1.1billion).

The fund is understood to have already attracted about a fifth of its target amount. The fund is expected to be launched by the Ministry of Science & Technology in April 2013.

The ministry will select a number of fund managers to oversee the fund, which will be focusing on start-ups.

GZI has been a Verod Capital Management portfolio company since inception, with the private equity investor having provided the founders with early-stage financing. The deal is understood to mark the partial exit of Verod.

The deal was sourced directly, with GZI having been a client of Standard Chartered. UK-based Ashmore joined the transaction as part of a strategy to grow its alternatives investment footprint in Africa.

GZI will use the new financing to expand its footprint regionally, with plans to grow into a leading pan-African beverage-packaging company. The capital is expected to go into expanding production capacity and financing sales to new markets.

“We are excited to have invested in a long-term Standard Chartered client that is building a world-class can manufacturing company,” said Yemi Osindero [pictured], head of SCPE in West Africa. “From its initial production plant in Nigeria, GZI has followed a very profitable growth path, and established itself as an integral member of Nigeria’s beverage sector.”

GZI was created in 2006 to manufacture aluminium beverage cans for brewers and bottling companies in Nigeria. As of 2012, the company had grown to produce in excess of 1.2 billion beverage cans per year, some of which are exported across West Africa. The company employs 200 people.

Jan Dehn, co-head of research, represented Ashmore on the deal. Ashmore  is listed on the London Stock Exchange and has approximately $68 billion in assets under management across emerging markets.

Verod Capital is headed by chief executive officer Danladi Verheijen. The investor’s portfolio includes H.F.P. Engineering, a real estate construction company, and Howard Roark, a real estate developer, both of which are based in Nigeria. Verod also owns Rotoprint, a  producer of shrink wrap packaging in Nigeria.

The funding will be used to bolster the balance sheet of  its subsidiary Banque Atlantique, a regional bank in West Africa. AFG owns 50% of Banque Atlantique, while the rest is held by Banque Centrale Populaire (BCP), a banking group based in Morocco.

BCP purchased its stake in Banque Atlantique in 2012, soon after it received a $204 million equity investment from the International Finance Corporation (IFC) Asset Management Company, to finance expansion across sub-Saharan Africa.

Cauris’ investment is on the back of an existing relationship with AFG and its current chairman Koné Dossongui. The investor has previously invested into AFG’s Togo-based telecom division, Moov Togo, which is now part of Etisalat, a global telecommunications company based in the United Arab Emirates. Cauris is headed by chief executive officer Noël Yawo Eklo [pictured].

“This investment [into AFG] reflects the confidence inspired by Groupe Banque Atlantique in the region,” said Eklo. “ It also reflects Cauris’ willingness to participate in the development of banking activities by providing reliable financial services to more customers, as banking penetration rates remain low in the region.”

Established in 2005, AFG was created to manage the regional expansion of the Banque Atlantique. Based in Lome, Togo, Banque Atlantique is made up of banks and other financial services companies in Cote d’Ivoire, Benin, Niger, Burkina Faso, Mali, Senegal and Cameroon.

The group’s holdings include a brokerage firm, an information technology company and a representative office in France. As of 2010, the Banque Atlantique was reported to have $1.5billion in assets under management. The group’s oldest bank, Atlantic Bank Cote d’Ivoire was founded in 1978.

ACA sells its stake after an 11-year holding period. Shanduka is understood to have bought the company as part of plans to diversify outside South Africa. The acquirer structured the investment through a Mauritius-based holding company. Shanduka is a $1billion South Africa-based diversified investment holding company that is 25% owned by China’s sovereign wealth fund, China Investment Corporation.

MTN Nigeria is 78.8% owned by South African telecommunications company MTN Group. ACA is headed by chief executive officer Okechukwu Enelamah [pictured].

ACA invested initially invested approximately $23million in the start-up in 2001. At the time, Nigeria only had less than a million subscribers, with a mobile penetration of less than 1%. As of 2012, penetration had reached 54%.

MTN Nigeria is estimated to have invested over $2billion in mobile telephony infrastructure throughout Nigeria since inception.  By 2012, the company had 45 million subscribers, which contributed nearly 30% MTN Groups first-half revenue.

MTN Nigeria was set up in 2001 to provide telecommunications services to both business and consumers. Headquartered in Lagos, the company is estimated to hold about 50% market share of the country’s mobile telecommunications industry. MTN Nigeria generated approximately $2.7billion (R21.5billion) in ebitda over revenues of $4.3billion in 2011 – an ebitda margin of about 62%. The company employs over 2000 people.

The funding will help Clinique Biasa complete its $5million growth and upgrade plans, which includes increasing the number of beds to three times the current capacity. The company plans to create the country’s first international certified hospital. Aureos made the investment through its recently closed $105 million Africa Health Fund (AHF).

“We are delighted to be supporting the expansion of the Clinique Biasa, one of the leading healthcare providers in Togo,” said Kodjo Aziagbe, partner, Aureos. “As with all our AHF investments, we are utilising our skills and experience as private equity investors to help build a high quality African healthcare company”.

Founded in 1975, Clinique Biasa offers more than 15 speciality services through its hospital and clinic. Services  range from general medicine, paediatrics and neurology to anaesthesiology and physical therapy. The company is headquartered in Lomé and  is considered to be one of the city’s top three private health facilities.

Afrifresh is understood to be also be working on underwriting Ariston Group’s planned $8 million rights issue. Ariston is an export-oriented agriculture company listed on the Zimbabwe Stock Exchange.

The company’s holdings  includes  farms growing tea, macadamia nuts, bananas, avocados, apples, stone fruit, potatoes and breeder-protected field flowers. Other farms are focused on trout, poultry, horticulture and roses. Ariston also owns a wholesale fruit and vegetable distribution company.

Zimbabwe’s IH Securities is reportedly brokering the deal.

XSML has backed the company through its small and medium sized enterprise (SME) vehicle, the Central Africa SME Fund. The financing will enable F&F to grow its services within the country’s nascent services industry. F&F will set up a 30-seat call center, and will eventually expand this to seat up to 200 agents.

The company is looking to buy call center software and hardware, and expand into offering a general information service. The service plans to enable callers find information on services and goods quicker and at a lower cost.

“Our investment in First & Future will bring customer service to a new level on par with international standards,” said Marcel Posthuma, managing partner at XSML. “We see a trend that more and more companies want to connect to their customer base in a more efficient way.”

Headquartered in Kinshasa, F&F is understood to be the first independent commercial call center in Congo. The company manages both on and off-site call centers, offering services to local companies.

XSML was founded in 2008 and in January made its first investment in Congo, backing private healthcare provider Médecins de Nuit.