Adiwale Fund I acquires minority stake in International Drilling Company

SENEGAL – Adiwale Fund I, a fund by the Adiwale Partners, has announced the acquisition of a minority stake in International Drilling Company (IDC). IDC is a drilling services company which started operations 10 years ago in Senegal and today also operates in Cote d’Ivoire, Mali and Guinea, with further expansion plans in French-speaking West Africa. “We are excited to…

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Adiwale Partners raises US$69m, reaches final close of its first fund

WEST AFRICA – Adiwale Partners, an SME fund primarily targeting investments, has announced completed the final closing of its very first West African investment fund, Adiwale Fund I of around 60 million euros. The company, co-founded in 2016 by two former partners of Cauris Investment Management, raised a total of 60 million euros (US$69.6 million). This amount is below the…

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