(Ecofin Agency) - Sub-Saharan Africa-focused private equity firm Africa Capitalworks has reached a deal to buy a minority interest for an undisclosed sum in the capital of Gaselia Industries, a Mali-based company specializing in the production of soft drinks and mineral water.

“We are delighted to partner with Africa Capitalworks for the next phase of Gaselia's growth. The capital provided as well as the skills and expertise brought will enable us to accelerate the expansion of our business,” said Boubacar Pona, Managing Director of Gaselia Industries Group.

This investment by Africa Capitalworks’ Management adds to the financing raised by Gaselia from Proparco in 2018 and the International Finance Corporation to support its growth through the acquisition of additional production lines in Mali and Côte d'Ivoire.

Founded in 2002 by local entrepreneurs and headquartered in Bamako, Mali, Gaselia operates in Mali, Côte d'Ivoire, and Guinea-Conakry.

Chamberline Moko