DEG and Proparco invest $52 million in Naivas International

DEG and Proparco invest $52 million in Naivas International

Alongside the Mauritian conglomerate IBL Group, the two development institutions, subsidiaries of KfW and the French Development Agency (AFD), are taking a 40% stake in the capital of Kenya’s leading retailer. 

Someone shares this article with you
            ▪ DEG and Proparco invest $52 million in Naivas International

▪ Alongside the Mauritian conglomerate IBL Group, the two development institutions, subsidiaries of KfW and the French Development Agency (AFD), are taking a 40% stake in the capital of Kenya’s leading retailer. 

https://www.africabusinessplus.com/en/812577/deg-and-proparco-invest-52-million-in-naivas-international/

Proparco is providing $31.5 million while DEG is reinvesting $20.5 million. The IBL Group did not disclose the amount it injected but confirmed that it “nevertheless represents the largest investment in its history”.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Development Bank

01/07/2022 at 12h12, by Africa Business+

Proparco’s Françoise Lombard negotiates €30 million in financing for start-ups via Digital Africa

The new chief executive officer of the French Development Agency’s (AFD) private sector financing arm...

Bank

10/05/2022 at 15h50, by Africa Business+

Matouk Bassiouny and Helmy, Hamza and Partners help to seal first deal in Egypt for Amethis

The private equity firm, associated with the EBRD and Spe Capital Partners, has acquired the leasing...

Private Equity

02/05/2022 at 17h22, by Africa Business+

Stephane Sapor leaves Amethis to join Kenyan firm Admaius Capital Partners

The new company, chaired by Donald Kaberuka, manages a pan-African fund set to raise $250 million. 

Private Equity

24/02/2022 at 17h18, by Africa Business+, updated 25/02/2022

Amethis, SPE Capital and EBRD await takeover of GlobalCorp 

The trio awaits the COMESA regulator’s response to finalise the transaction with Ezdehar and KfW. 

Agribusiness

06/01/2022 at 16h28, by Africa Business+, updated 07/01/2022

Magriser (Amethis), CMGP-CAS (DPI/AfricInvest) and others to mitigate Souss-Massa water deficit

Leaders of Moroccan irrigation will take part in the works in this agricultural region of the Kingdom.

Health

07/09/2021 at 14h56, by Africa Business+, updated 09/09/2021

Avacare set to take off in French-speaking Africa with help from Amethis 

The South African healthcare group, present in 25 countries, 17 on the continent, will rely on its new...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : [email protected]

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.