Chris Mutseyekwa joins Verdant Capital as Fund Accountant & Finance Manager

Chris has joined Verdant Capital as Fund Accountant and Finance Manager. He is responsible for the Verdant Capital Hybrid Fund I and the Verdant Capital Group. Chris is a qualified Chartered Management Accountant with CIMA (UK) in collaboration with the American Institute of Certified Public Accountants (AICPA). He has experience in both public and private enterprises within the financial services landscape in Zimbabwe. Prior to joining Verdant Capital, Chris worked in the Private Equity space with Takura Capital, investing in growing Zimbabwean and SADC businesses. As Fund Accountant, he managed over USD $75 Million worth of capital from Development Finance Institutions […]

SPENN Rwanda in partnership with I&M Bank launches a Cash-Out Feature

SPENN Rwanda in partnership with I&M Bank has recently launched the Cash-Out feature on the Spenn mobile App which would enable users to send funds to other local financial institutions. This partnership will enable all SPENN users to easily send money from their mobile devices to any bank in Rwanda, including Mobile Money. This new service is expected to revolutionise the way people make payments and send and receive instant cash payments in Rwanda, making it faster, more convenient, and more affordable than ever before. Moreover, the service is expected to be faster, more secure, while allowing users to easily interact […]

Lidya Global Limited: Fintech lender shifts to inclusive credit enabler.

Lidya Global Limited (“Lidya”) is a Nigeria-based Financial Technology Company (“FinTech”) traditionally focused on the provision of working capital to small and medium-sized enterprises (‘SMEs’). The company now provides secure and flexible credit infrastructure so lenders can acquire customers, originate loans and collect repayments with confidence. Credit evaluation and scoring is done through the assessment of transaction data processed through an in-house proprietary algorithm. Lidya’s platform enables SMEs to create account profiles, build credit records, and access credit to grow their businesses. The leading fintech lender is incorporating credit enabling in its business model, allowing other inclusive financial institutions to […] Inclusive Pan-African Investment Bank Keeps the Continent’s Finance Flowing

Verdant Capital is a leading Pan-African investment bank and investment manager, specialising in private credit and private equity. Managing Director: Edmund Higenbottam It was established in 2013, and leverages its deep investment experience and enduring relationships to fuel fintech development across the African continent. It stays in close contact with investors and entrepreneurs via offices in Mauritius, South Africa, Ghana, Zimbabwe, the Congo, and Germany. Managing director Edmund Higenbottam is a Cambridge graduate who worked at Deutsche Bank and Morgan Stanley before moving to the African continent in 2008. He has expertise in microfinance and fintech, and is responsible for the Verdant Capital […]

Verdant Capital ranked fourth in M&A league table in 2022

Verdant Capital was ranked No 4 by deal flow in 2022 in the prestigious DealMakers Africa M&A leagues tables, for the pan-Africa (ex-South Africa) region overall.  DealMakers is the pre-eminent league table agency for Africa. In the East Africa region league table (Corporate Finance deal flow), Verdant Capital finished first in 2022.  This follows the firm’s joint-first-place ranking in 2021.  Verdant Capital completed M&A and private capital transactions in each East, West and Southern Africa.  Verdant Capital’s landmark transactions in completed in 2022 included:  the follow-on equity raise for WIOCC, the pan-African data centre and digital infrastructure player, taking the […]

Rafiq Suleman joins Verdant Capital as Vice President based in Kampala, Uganda

Rafiq has joined Verdant Capital Limited as Vice President. Rafiq has 8 years of senior management and corporate finance experience across financial advisory, investment management, and microfinance. Rafiq began his career in investment banking with Lazard, a global financial services firm with offices across 26 countries, in Toronto, Canada, supporting clients across a broad range of industries on mergers & acquisitions, capital structure advisory, and restructuring. Rafiq previously worked as the CFO of Watu Credit Uganda, a non-deposit-taking asset finance company, as one of the first team members in Uganda, helping the Ugandan subsidiary grow exponentially over a 40-month period. […]

Video Africa virtual investor conference hosted by Verdant Capital for the 4th year

Verdant Capital hosted its 4th Video Africa virtual investor conference on March 22nd to 24th. Over the three days, more than 60 one-on-one meetings were held with 27 leading relevant investors from 22 countries, and 17 of its selected clients with operations in 13 countries across Africa. Represented were microfinance banks, credit-only institutions, innovative credit businesses, technology-driven leasing businesses, insurtechs, circular economy businesses, and agri-businesses who are currently raising debt or equity through Verdant Capital. The first Video Africa was held in 2019, in the first weeks of the disruption caused by the pandemic, but it is now an annual event. […]

Fin Acquires Thuthukani Housing Finance

Fin, formerly Finclusion, a leading African neobanking platform, has acquired Thuthukani Housing Finance as part of its expansion plans. The acquisition will enable the impact-orientated financial institution to offer clients a holistic ecosystem for their financial well-being. Thuthukani will be integrated into Fin’s South African portfolio and rebranded to Fin Home Loans. The synergies that come with the acquisition and integration of Thuthukani into Fin enable the company to offer its customers a high-impact portfolio, which includes SME finance and affordable housing products, whilst expanding the company’s distribution network. Fin Home Loans’ target market is middle to lower-income customers who […]