Tag Archive for 'SME'

Nairobi Securities Exchange launches growth board for SMEs

This week the Nairobi Securities Exchange (NSE) has joined the rush into providing boards for small and medium enterprises (SMEs) with the launch on 22 January of the Growth Enterprise Market Segment (GEMS).

Egypt’s Nilex exchange for SMEs adds 23rd listing

The Egyptian Exchange (EGX) has approved the listing of the 23rd company on Nilex (the Nile Exchange, its securities market for listing growing medium and small companies.

Zimbabwe Stock Exchange set to pay off its suspended CEO

According to news reports, the Board of the Zimbabwe Stock Exchange is close to negotiating an exit package with CEO Emmanuel Munyukwi, who was suspended in May.

Voxtra impact fund backs growing seed potatoes in Tanzania

Voxtra East Africa Agribusiness Fund, a Norwegian social investor, has completed its inaugural investment of US$1.5 million in Mtanga Farms Limited in Tanzania, which grows seeds, crops and livestock.

Abraaj Capital acquired Aureos Capital

Abraaj Capital, a leading private equity manager investing into Africa, Middle East, Asia and Turkey, recently announced the acquisition of Aureos Capital, a global private equity fund management group investing in small and medium-sized enterprises across Asia, Africa and Latin America.

Casablanca Stock Exchange grants to encourage SMEs

Morocco’s Casablanca Stock Exchange is offering grants to small and medium enterprises to encourage them to raise capital. The first listing of 2011 was 8.7x over-subscribed.

SANAD Fund to target SMEs in North Africa and Middle East

Tiny, small and medium businesses in Egypt and Tunisia, later Algeria and Morocco, are set to benefit from a new €30 million ($43.2 mn) SANAD Fund for MSME.

IFC invests $10 mn in East Africa’s Catalyst I private equity fund

IFC on 8 March announced it was investing $10 million in equity in Catalyst Fund I LLC. The fund aims to stimulate employment and accelerate economic growth across East Africa by improving access to equity financing for emerging and mid-size companies.

Jacana partners with Ghana’s Fidelity Capital Partners private equity manager

Jacana, a UK-based group that supports emerging SME private equity firms in Africa, has launched its second investment, a strategic partnership with Ghanaian fund manager Fidelity Capital Partners Limited.