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World Bank's Banga denies IFC cover up of abuse involving Kenya school investment

General

06 February, 2024

World Bank's Banga denies IFC cover up of abuse involving Kenya school investment

World Bank President Ajay Banga on Monday rejected allegations that the bank's International Finance Corp arm sought to cover up ......

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African PE firm SPE Capital taps another returning LP for third fund

Finance

05 February, 2024

African PE firm SPE Capital taps another returning LP for third fund

Africa- and Middle East-focused private equity firm SPE Capital, which invests in mid-sized companies, is set to secure a commitment from ......

MENA Digest: DXWand, Crysp Farms, Karty, Crealo secure funding

TMT

26 January, 2024

MENA Digest: DXWand, Crysp Farms, Karty, Crealo secure funding

Egyptian artificial intelligence startup DXWand led dealmaking in the Middle East and North Africa region this week. It raised growth ......

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LeapFrog-backed African financial services firm finds a strategic buyer

Finance

25 January, 2024

LeapFrog-backed African financial services firm finds a strategic buyer

Emerging markets-focused private equity and impact investment firm LeapFrog Investments has found a strategic buyer for one of its African financial services ......

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Nigerian PE firm CardinalStone to make first exit from debut fund

Finance

25 January, 2024

Nigerian PE firm CardinalStone to make first exit from debut fund

Lagos-based private equity firm CardinalStone Capital Advisers, which backs small and medium businesses in Nigeria and Ghana, is exiting one ......

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Adenia Capital likely to strike control deal in South Africa

Infrastructure

24 January, 2024

Adenia Capital likely to strike control deal in South Africa

Mauritius-based mid-market private equity firm Adenia Partners, which focuses on businesses across Africa, is set to make its second deployment ......

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African PE firm Medu Capital likely to strike a new bet

TMT

23 January, 2024

African PE firm Medu Capital likely to strike a new bet

Medu Capital, one of the most active private equity investors in South Africa, is likely to strike a fresh deal ......

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African infra investor AIIM to top up bet on two solar projects

Infrastructure

23 January, 2024

African infra investor AIIM to top up bet on two solar projects

African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity firm, is likely to top up its commitment to two South ......

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Sanlam Private Equity set to seal another control deal in South Africa

Manufacturing

22 January, 2024

Sanlam Private Equity set to seal another control deal in South Africa

South African financial services major Sanlam’s private equity unit, which struck two deals last year including a bolt-on transaction under its portfolio ......

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Mubadala-backed renal care firm Diaverum likely to acquire another centre in Morocco

Healthcare

22 January, 2024

Mubadala-backed renal care firm Diaverum likely to acquire another centre in Morocco

Diaverum, a renal care firm owned by Abu Dhabi wealth fund Mubadala-backed healthcare company M42, is set to buy another ......