InReturn Capital, a Nairobi based private equity company that invests in small-to-medium sized enterprises (SMEs) across East Africa, has rebranded to Jacana Partners, a leading pan-African SME private equity firm and long-term partner of InReturn Capital. The rebrand is the first phase of a legal merger that is expected to close in the first quarter of 2013. The merger will create an SME private equity group with pan-African coverage that will manage a new $75 million SME fund expected to close later this year.

Following the launch in Kigali, The East Africa Exchange will be introduced to the international community at the World Economic Forum in Davos, Switzerland. President Paul Kagame of Rwanda, Nicolas Berggruen of Berggruen Holdings, Wiebe Boer of Heirs Holdings and Jendayi Frazer of 50 Ventures presented the project at a press conference today, January 23.

The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of $24m in the East African Development Bank (EADB) to strengthen its balance sheet and contribute to improve its international credit rating.

The Dangote Industries Limited, producers of Dangote Cement, has given its commitment to increasing its activities in Ghana, by scaling up the volume of its cement on the Ghanaian market.