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Actis’s Garden City is set to get an equity commitment from the the International Finance Corporation(IFC), as the development financier considers plans to invest $9.8million into the Kenya-based greenfield real estate project.
The CDC group has hired Ayaan Adam as managing director for its Africa Funds team. She replaces Rod Evison, who retired at the end of 2012. Adam starts in
8 Miles has finally signed on Eleni & Associates, an Ethiopia-based business services company – as previously reported by Private Equity Africa. The investor joins Morgan Stanley and
The international Finance Corporation (IFC) has agreed to pay $5 million for a 15% stake in Gulf African Bank, a Kenya-based financial services company.
Satya Capital has dropped the size of its second Africa-focused fund to $300million, from the original target of $500 million.
African Capital Alliance’s (ACA) Nigeria-based telecommunication services portfolio company Swift Networks is working on plans to raise financing to support its $62million growth plans.
Indorama Eleme Fertilizer & Chemicals (IEFC) has received backing from development finance institutions (DFIs) to build a $1.2billion fertilizer plant in Nigeria.
The International Finance Corporation (IFC) is working on plans to invest $10 million in start-up communications service provider Afrimax. Afrimax is
The International Finance Corporation has appointment Jean Philippe Prosper as vice president of Sub-Saharan Africa (SSA), Latin America and the Caribbean.
Renaissance Investment Management’s Trustco Group Holdings , a financial services company based in Namibia, is seeking new capital to finance regional growth and bolster its