Axian launches investment business | ALB Article

Finance



The establishment of a new business to oversee its private equity and venture capital funds, gives the Af…

The establishment of a new business to oversee its private equity and venture capital funds, gives the African investment group a fresh look at supporting commerce across the continent.

Madagascar-headquartered business conglomerate Axian Group has launched a new private equity and venture capital arm. Axian Investment will oversee the group’s funds and direct investments around Africa.

In a statement, the group said the new business aimed “to grow alongside the African market and empower businesses across the continent to create value”.

Axian Group is involved in 77 companies across 28 African countries. Its venture capital investments include Egyptian food business MaxAB, East African credit business LipaLater, Ivorian financial services app Djamo, supply chain business Jetstream, Moroccan e-commerce start-up Chari, and West African payments operator Zazuu.

It previously invested in African start-ups through a fund operated by French venture capital firm Partech Ventures and has also invested in funds operated by Amethis, African Development Partners, Actis Energie, Disruptech, Emerging Capital Partners and Adenia.

Adenia’s past investments include the Kenyan biotechnology sector and a Moroccan catering business, while Amethis has taken stakes in companies selling bottled gas in Burkina Faso, fast-moving consumer goods in Senegal and irrigation services in Morocco. Just last year, Actis took a stake in an Africa-focused renewables company.

Among Axian Group’s subsidiaries is Mauritius-headquartered Axian Telecom, which in February 2022 issued its own USD 420 million bond, with support from international development finance institutions, to fund expansion around Africa.



Axian launches investment business













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