Sub-Saharan Africa

Industry News

Ethos Raises US$182 Million for Ethos Fund VII and Ethos AI Fund I, Invests in Channel VAS and Vertice (Sub-Saharan Africa)

Southern Africa-focused alternative investment fund manager Ethos has reached a first close for its seventh buyout fund with ZAR2 billion (approximately US$140 million) in capital commitments from local South African

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Injaro Invests in Novafrique (Sub-Saharan Africa)

West Africa-focused private investment fund manager Injaro Investments has invested in Côte d’Ivoire-based soap manufacturer Novafrique Industries. The company plans to partner with Injaro to optimize utilization of its current

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Novastar Reaches US$72.5 Million First Close for Second Venture Fund (Sub-Saharan Africa)

Africa-focused venture capital fund manager Novastar Ventures has reached a first close for Novastar Ventures Africa Fund II with US$72.5 million in capital commitments. Investors in the fund include AXA, CDC Group, FMO, the European Investment Bank

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Airtel Africa to Raise US$1.25 Billion from Consortium of Investors (Sub-Saharan Africa)

Airtel Africa, a unit of India-based telecommunications group Bharti Airtel, has agreed to raise US$1.25 billion via new share subscriptions from a consortium of investors including global private equity fund

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Investec Invests in Richfield Holdings and Mobisol (Sub-Saharan Africa)

The Africa-focused private equity arm of banking and investment group Investec Asset Management has acquired a controlling stake in South Africa-based tertiary education provider Richfield Holdings. The company, which primarily

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