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Here’s a summary of last week’s five most widely read articles. African Private Equity News.
1. SPE Capital-led consortium invests in Egypt’s Orchidia Pharmaceutical Industries
A consortium led by SPE Capital has completed its investment in Egyptian ophthalmic drug manufacturer Orchidia Pharmaceutical Industries.
The investment was made through SPE Capital’s Private Equity Fund III, which also includes the European Bank for Reconstruction and Development. Proparco, a French development finance institution. Belgian developing country investment company. Read the full article
2. Amethis MENA Fund II supports Egyptian rice raw material producer Tiba
Private equity firm Ametis has signed a definitive agreement for Tiba’s significant minority investment in Starch and Glucose, an Egyptian producer of rice-based specialty food ingredients.
Tiba produces rice-based ingredients such as starch, fat powder, coffee creamer, and protein. The company supplies products to Egyptian food manufacturers and exports to international markets. Read the full article
3. AIIM’s Africa Transition Acceleration Fund secures $50 million
FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have announced a combined $50 million anchor commitment, pending the close of the first offering, for the Africa Transition Acceleration Fund, which will be managed by the African Infrastructure Investment Manager.
The fund has a target of $200 million and aims to accelerate investment in Africa’s energy transition. ACP and FSDAi are joined by the International Finance Corporation’s Frontier Opportunities Fund and several senior equity co-investors including IFC, KfW, Proparco and other private investors. Read the full article
4. First close of Mediterranea Capital Partners real estate fund
Mediterranea Capital Partners has announced the first close of MCP RE II, its second real estate investment fund dedicated to Morocco, with investor commitments reaching 380 million Moroccan dirhams (approximately $40.5 million).
The fund has a 10-year investment period and will focus on tertiary and industrial real estate development projects targeting office buildings, logistics platforms, industrial assets and high-potential land opportunities for mixed-use development. Read the full article
5. Sahel Capital extends $1 million allowance to Ugandan coffee exporters
Zigoti, a Ugandan coffee processor and exporter specializing in Robusta and Arabica coffees, has secured a $1 million financing facility from Sahel Capital. The funding will be provided through Sahel Capital’s Africa Agricultural and Social Enterprise Fund. Read the full article
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