Tanya van Lill has been named CEO of the Southern African Venture Capital and Private Equity Association.
Between 2010 and 2016 H1, there were 277 reported private equity deals in Southern Africa totaling $3.5 billion.
Three years ago, MallforAfrica joined the raft of Nigerian tech start-ups attracting private equity and venture capital backing.
Between 2010 and 2016 H1, there were 167 reported private equity deals in East Africa totaling $1.4 billion.
Lagos-based real estate classifieds startup ToLet.com.ng announced on Tuesday that it has closed a $1.2 million series A funding round from Frontier Digital Ventures.
J. Eric Wright was headed for Wall Street until he decided to take a year off in Africa. That short jaunt has stretched into nearly three decades on the continent — and led him to his life’s work.
Chanzo Capital is an early stage micro-VC firm that provides capital and mentorship to high-tech startups in Kenya, the Ivory Coast, Nigeria, Ghana and South Africa (the so-called KINGS of Africa’s digital economy).
Ringier Africa and One Africa Media (OAM) have agreed to merge their pan-African Classifieds assets to create and grow Africa’s largest classifieds group.
As Nigeria’s tech space has matured over the last few years, it has drawn the attention—and money—of curious investors.
Meltwater Entrepreneurial School of Technology (MEST) has built one of Africa’s best known startup ecosystems in Accra, Ghana over the last eight years—and now it’s doubling down on a push to take its vision pan-African.
The first ever dashboard on East African private equity deals has been released, another step forward in the quest for solid investment data on the African continent.
Hotels.ng‘s CEO Mark Essien founded the Nigeria-based online hotel booking company in 2013, after completing Master’s and Bachelor’s degrees in Computer Science and Engineering in Germany.
AVCA’s African Private Equity Data Tracker provides a summary of trends in private equity (“PE”) in Africa.
Travelstart, the South African-based Online Travel Agency (OTA) with offices throughout Africa and subsidiaries in the Middle East and Turkey, on Wednesday announced a capital raise of $40 million from Amadeus Capital Partners, the global technology investor.
How we made it in Africa asks Teodoro de Jesus Xavier Poulson – a member of the investment committee of Angola’s public venture capital fund, Fundo Activo de Capital de Risco Angolano (FACRA) – about his outlook for 2016.
Silvertree Capital, the investment arm of Cape Town-based Silvertree Internet Holdings (SIH), plans to invest US$10m (about R170m) in consumer-focused Internet start-ups in 2016, it said on Tuesday.
WeChat Africa plans to invest 50 million South African Rand (about 3.5 million US Dollars) in tech startups in Africa.
PricewaterhouseCoopers (PwC) projects Nigeria‘s hospitality market will grow signficantly in the next five years. Online hotel booking portals are benefiting. Among such portals is hotels.ng.
African Business Angel Network (ABAN) will use Gust as an official platform for early stage investment activity.
Last month DEMO Africa took place in Lagos, Nigeria, with 30 tech startups pitching to an audience of investors.
Hoping to reap the economic benefits of a digital revolution, several African countries are seeking to build their own versions of Silicon Valley.
500Startups, a Silicon Valley venture-capital firm with more than $175 million under management, is seeking its first investments in Nigerian technology companies as Africa’s most-populous nation encourages industries that will reduce its reliance on oil.
Ghana’s MEST innovation space is making moves, gearing up to launch a Pan-African VC fund in 2015, while expanding its IT training program into Nigeria and Kenya.
London-based venture capital firm, TLcom, has appointed Omobola Johnson, Nigeria’s former minister of communications and technology, as lead partner as it kicks off its West African operations.
At DEMO Africa 2015, SimbaPay showcased a new app that enables the opening of bank accounts in Africa from outside the continent.
It is well established that VC investing globally is on the rise, but there is increasing evidence that more of this money is landing in Africa too, as the continent is now deemed a less risky place for investors to put their cash.
The world of online marketplaces may already seem crowded with the likes of Amazon.com and the Alibaba Group.
In our inaugural report, we countered popular opinion about PE in Africa to prove that the industry was making excellent progress in exiting its portfolio companies. We also provided evidence of genuine value creation by PE firms in the region through hands-on involvement in the companies they back.
Convergence Partners today announced an investment of $20m by the Convergence Partners Communications Infrastructure Fund (CPCIF) for a strategic, minority stake in Venture Garden Nigeria (VGN), a diversified fintech company with significant operations in Nigeria.
Start-ups are thriving and helping to change perceptions of business in Africa. As ever-increasing numbers of cars clog the streets of African cities, trade flourishes along congested highways.
On July 31st, the Nigerian leg of Seedstars World will take place at the final event of Lagos Startup Week. This will showcase the best entrepreneurs from around Nigeria, elevate them to an international stage, and offer them the opportunity to receive investment of up to $1.5 million.
The New York State Common Retirement Fund, one of the largest U.S. Pension funds and worth about $180 billion, plans to invest as much as 3% of its assets in Africa in the next five years to diversify its portfolio and boost returns.
Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
If you watch a lot of Nigerian movies or follow the Nigerian startup scene, chances are Jason Njoku needs no introduction.
Ashish Thakkar, who co-founded African banking venture Atlas Mara along with former Barclays group chief executive, Bob Diamond, says they are planning a major push into mobile banking in Africa, as their aggressive takeover strategy continues.
South Africa is no longer the destination of choice for private equity investors seeking to tap returns on the continent.
BitPesa, the Nairobi-based startup that’s taken aim at the global remittance business, announced that it’s raised $1.1 million in a second round of funding led by San Francisco-based Pantera Capital.
Green Energy is representing Nigeria at the Seedstars World (SSW) Grand Final in Geneva and will be competing against 35 startups from other emerging markets.
Izwe Loans recently listed Ghana’s first cedi-denominated corporate bond on the Ghana Alternative Market (GAX) of the Ghana Stock Exchange (GSE).