Ascension Capital increases its equity interest in Consumer Profile Bureau (CPB)
Ascension Private Equity Fund I, managed by Ascension Capital Partners, has increased its equity interest in Consumer Profile Bureau (CPB) from 26% to 85% to become the majority shareholder alongside the management team.
Source: Africa Private Equity News
Futuregrowth invests R150mn into Sourcefin
Futuregrowth Asset Management has invested R150 million into Sourcefin, a South African fintech and alternative funding provider dedicated to providing access to finance and support to small and medium-sized enterprises (SMMEs).
Source: ITWeb
Incofin announces two new investments to enhance food security and nutrition in Sub-Saharan Africa
Incofin Investment Management, alongside the Nutritious Foods Financing Facility (N3F) partners, the Global Alliance for Improved Nutrition (GAIN), USAID, and the Swiss Agency for Development and Cooperation (SDC), announces two new investments to enhance food security and nutrition in Sub-Saharan Africa. These investments, totaling USD 1.55 million, underscore N3F’s active deployment in the region. The fund has invested over USD 4 million within its first year of operation.
Source: Incofin
Salt Capital invests in Pirtek Africa
Salt Capital is pleased to announce its strategic investment in Pirtek Africa; an established African focused supplier and distributor of the world’s leading premium fluid transfer solutions.
Source: Salt Capital
The Emerging Africa & Asia Infrastructure Fund managed by Ninety One backs CEC Renewables
Lusaka, 13 December 2024: The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has committed USD 18.9 million to Copperbelt Energy Corporation (CEC Plc) subsidiary, CEC Renewables’ USD 96.7 million green bond to develop a 136 MW solar plant in Zambia.
Source: The Emerging Africa & Asia Infrastructure Fund (EAAIF)