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A MESSAGE FROM OUR SUPPORTERS
Ghana Venture Capital and Private Equity Association announces new member
Brighton & Walton Advisors is now a member of Ghana Venture Capital and Private Equity Association. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Mirepa invests in Ghanaian food company
Mirepa Investment Advisors has closed an investment in Uniik Foods through its SME private equity vehicle, Mirepa Capital SME Fund I.
The investment will enable Uniik Foods, an Accra-based producer of shelf-stable organic African food products, to modernise its production infrastructure, expand manufacturing capacity, and strengthen distribution and exports. Read the full article
2. South Africa: New ALT Capital fund to back rural and township convenience retail centres
Johannesburg-based ALT Capital Partners has launched the Reimagine Social Impact Retail Fund 2. This follows the firm’s Fund 1, which has grown to 11 operational assets across seven provinces in South Africa.
The Reimagine Social Impact Retail Fund 2 will invest in convenience retail centres across rural, peri-urban and township communities. It is targeting a R2.5 billion (about $152.8 million) equity raise, with a 15% net IRR and a CPI +6% hurdle. Read the full article
3. TLG in West African aviation deal
Falcon Aerospace (trading as VivaJets), a Nigerian aviation company, has closed a $15 million credit facility backed by TLG Capital, Premium Trust Bank, and Access Bank UK.
The facility, structured by TLG, will fund the establishment of an operations hub in Côte d’Ivoire, the development of in-country aviation maintenance infrastructure, and the expansion of corporate connectivity across Francophone West Africa. Read the full article
4. IFC discloses proposed investment in Quona Fund IV
The International Finance Corporation has disclosed a proposed equity investment of up to $12 million in Quona Fund IV, a venture capital fund that backs early- and growth-stage companies expanding financial inclusion in emerging markets.
The fund is managed by Quona Capital Management. Read the full article
5. Acumen backs Omia to expand support for smallholder farmers in Northern Uganda
Acumen has invested in Omia Agribusiness Development, a company that provides smallholder farmers with access to farm inputs, practical training, and reliable market channels in Northern Uganda.
Acumen’s investment, structured as an impact-linked convertible note, will support working capital for high-margin opportunities and enable the company to expand into new districts, deepen engagement with farmer groups, and strengthen its operational and financial systems. Read the full article
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