NSE, CSCS to Commence Post-Trade Allocation Service

The 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 of the NSE, Mr. Ken Nwafor, assured participants during the engagement that in the …

KIBO CAPITAL MAKES FIRST INVESTMENT IN MOZAMBIQUE

Kibo 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 main cities – Maputo, Beira and Nampula – distributing food and non-food FMCG products for …

SECHA CAPITAL INVESTS IN FOOTWEAR

South 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 third for Secha Capital VCC, the firm’s 12J investment vehicle launched in partnership with Caleo …

XSML CAPITAL MAKES 4TH INVESTMENT

XSML 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 used to support the company’s expansion plans in the East African country. The company, which …

CONVERGENCE PARTNERS DEAL FOR ESET SOUTHERN AFRICA

The 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 growth in several East African markets following Convergence Partners’ recent acquisition of a stake in …