Recent Stories

NSE, CSCS to Commence Post-Trade Allocation Service

NetAdmin2019-05-02T13:15:05+02:00The Nigerian Stock Exchange (NSE) and Central Securities Clearing System (CSCS) Plc. have concluded arrangements to commence post-trade allocation service to operators on the NSE by December 1, 2015. Addressing market participants at a forum in Lagos recently, the Operations Manager, Market Operations and Technology Division...

KIBO CAPITAL MAKES FIRST INVESTMENT IN MOZAMBIQUE

NetAdmin2019-05-02T13:15:05+02:00Kibo Capital is making its first investment in Mozambique, backing consumer product distributor Tropigalia to take a minority stake in the business.The deal is the fifth for Kibo's second fund, which closed with $63 million in commitments in 2016. Tropigalia has operations in Mozambique's three...

SECHA CAPITAL INVESTS IN FOOTWEAR

NetAdmin2019-05-02T13:15:05+02:00South African impact investment manager Secha Capital announced that it has agreed to invest in Geestep, a footwear company. The value of the investment remains undisclosed, but Secha Capital typically takes minority stakes in its investments, spending up to R5 million. The deal is the...

XSML CAPITAL MAKES 4TH INVESTMENT

NetAdmin2019-05-02T13:15:05+02:00XSML Capital's African Rivers Fund is making its fourth investment in Uganda. The $50 million fund, which held its final close in May this year, is backing Telcare Ltd, which operates 39 kiosks and 4 shops Kampala under the Go-Phones brand. The capital will be...

CONVERGENCE PARTNERS DEAL FOR ESET SOUTHERN AFRICA

NetAdmin2019-05-02T13:15:05+02:00The ICT-focused private equity firm announced it is taking a significant minority stake in the software security provider on behalf of Convergence Partners I, their first fund. The transaction is expected to support ESET's push into the enterprise segment in the region as well as...