Pan-African bond fund ALCB takes a bite out of KKO’s chocolate in Abidjan

Under the leadership of Lion’s Head, the African Local Currency Bond fund has taken half of the FCFA private issue of the Euronext-listed SME with headquarters in Paris and Abidjan.

23/03/2023 at 17h31, by Africa Business+

This is the latest in a long series of investments but the first in agribusiness. The African Local Currency Bond (ALCB) fund, registered in Luxembourg, has subscribed to half of the private placement of the emerging cocoa and chocolate manufacturer KKO International subsidary Solea

Recommended articles

Private Equity

15/01/2024 at 17h29, by Aurelie Benoit

African Local Currency Bond Fund, dedicated to corporate bonds, attracts new LP

The vehicle, launched by the German KfW, has been active since 2012 and continues to attract institutional...

Agribusiness

02/05/2023 at 17h18, by Estelle Maussion

The Africa team of new Barry Callebaut CEO Peter Feld 

With the Swiss chocolate giant’s new CEO Peter Feld taking the helm at the start of April, replacing...

Private Equity

13/04/2023 at 15h33, by Africa Business+

EFG Hermes and Coca-Cola executives lead TCV moves on second vehicle 

The trio of investors, from large Egyptian and international groups, are targeting midcap companies...

Insurance

09/12/2022 at 19h07, by Africa Business+

MAC SA leads €13.3m listing of Maghrebia Vie on Tunis Stock Exchange

The direct and indirect subsidiary of Abdelaziz Essassi’s diversified holding UFI Group is putting 30%...

Development Bank

30/09/2022 at 17h00, by Africa Business+

Proparco re-invests in frontier currency guarantee fund TCX

The “Currency Exchange Fund”, initiated by several European development institutions and governments...

New technologies

17/11/2020 at 17h07, by Africa Business+

KfW, IFC, Proparco and EFSD make up TCX’s latest financing ($200m)

The Currency Exchange Fund (TCX), a vehicle created in 2007 to tackle currency risk in developing economies,...

Any questions ? contact us

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

Email us : customer.care@africabusinessplus.com