Agribusiness
South African fund Africa Capitalworks joins Madiou Simpara’s (Gaselia) funding round

South African fund Africa Capitalworks joins Madiou Simpara’s (Gaselia) funding round

For its first transaction, the Johannesburg-based fund is taking a “very large” stake in the Malian beverage group. The group already received support in the form of loans from the International Finance Corporation (IFC) and Proparco.

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            ▪ South African fund Africa Capitalworks joins Madiou Simpara’s (Gaselia) funding round

▪ For its first transaction, the Johannesburg-based fund is taking a “very large” stake in the Malian beverage group. The group already received support in the form of loans from the International Finance Corporation (IFC) and Proparco.

http://www.jeuneafriquebusinessplus.com/en/802968/south-african-fund-africa-capitalworks-joins-madiou-simparas-gaselia-funding-round/

12/02/2020 at 19h04, by Pierre-Olivier Rouaud, updated 13/02/2020

The Malian group Gaselia, which employs nearly 800 people, just received a sizable capital contribution to boost the production of its beverages after South African fund Africa Capitalworks joined its funding round via a capital increase. The fund invested several “tens of millions of euros,” according to a well-informed source.

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