Browsing: techpreneur

Three significant news items went on the global wire on 25^th February 2021 as follows;

1. Liquid Telecom, a member of the Econet Group that has laid more than 70,000km of fiber optic cable across Africa[1], raised $840M financing package (US$620M bond and a US$220M equivalent term loan in Rand). This was Liquid Telecom’s second bond issue and it was 5.5 times oversubscribed with JP Morgan Chase & Co, Standard Chartered Plc and Standard Bank Group Ltd as joint global bookrunners[2].
2. Convergence Partners, a leading Pan African Private Equity fund[3] entered into an agreement with Nasdaq listed Inseego (INSG) to acquire 100% of their subsidiary Ctrack’s operations in Africa and the Middle East[4].
3. Ecobank Nigeria, the largest country operations of Ecobank Transnational Incorporated (ETI), issued a London listed $300M bond that was 3 times oversubscribed[5] and drew significant international

Forty-three leading global investors from Africa, Europe, the US, and the Middle East have signed up to participate virtually in the 8^th Angel Fair Africa on 5^th November 2020.

The investors are from Angel Africa List (AAL), Africa Venture Capital and Private Equity Association (AVCA), America Capital Association (ACA), Women-In-Capital (WIC), Viktoria Business Angel Network, Brightmore Capital, amongst others. Anime Partners and MSM Property Fund are supporting the investor participation.

The ten selected ventures to pitch to these investors have gone through our one-month Africa Virtual Accelerator (AVA) @ https://www.africavirtualaccelerator.com/in.php. They are, ShopMeAway led by Racine Carr; Kalpay led by Ibrahima Kane; AgroInnova led by Amos Narh; Adi&Bolga led by Abimbola Oladeji; Kladika led by Muthoni Mwangi; Gift Pesa led by Pamela Muriuki; Ejoobi led by Simangele Mphahlele; Kweza led by Ropafadzo Musvaire, Afrijob Network led by Harriet Kariuki and Curacel led by Henry Mascot. Their participation …