AfricInvest, a top pan-African private equity firm, has announced it acquired a significant minority stake in Arrow Holding. Arrow is a regional leader in HR technology and staffing, operating in Africa and the Middle East. This deal, signed through AfricInvest Fund IV, will boost Arrow’s digital transformation and strengthen its position in the fast-growing African staffing and outsourcing markets.
Arrow Holding was set up to address the swiftly growing demand for workforce management across emerging markets. It provides HR solutions for staffing, payroll, and workforce management. This service targets multinational and government clients. The company’s model combines local expertise with global practices. This makes it a center for workforce innovation in the region.
Under the new partnership, AfricInvest will improve Arrow’s technology infrastructure, including through creating the Arrow AI Hub for digital HR services, and will continue to support future acquisitions toward its goal of building a pan-African HR and staffing platform. The initiative will improve cross-border talent mobility and promote ethical employment, contributing to inclusive job creation in line with several UN Sustainable Development Goals.
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“This partnership marks a transformative milestone for Arrow Holding,” said Mohamed El Derwy, Founder and CEO of Arrow Holding. “Together with AfricInvest, we are accelerating digital HR innovation, empowering African and Middle Eastern talent, and setting new standards for ethical, technology-driven employment across emerging markets.”
AfricInvest, with over 30 years of experience supporting mid-cap companies, will guide Arrow in governance, digital strategy, and regional expansion. “Arrow Holding is transforming how HR and staffing services are delivered across Africa,” added Ismail Talbi, Senior Partner at AfricInvest. “We are proud to support this next phase of growth as Arrow scales its impact and drives professionalization across the HR industry.”
The transaction marks AfricInvest Fund IV’s tenth investment, furthering its mission to promote inclusive development and sustainable job creation across Africa.
