A collection of news across the African private equity and venture capital industry |
XSML reaches hard cap for African Rivers Fund III at USD 85 million
XSML, a fund manager active in Central & East Africa, has reached the hard cap for its African Rivers Fund III (ARF III) at $85m.
Source: Africa Global Funds
NGX launches African first ETDs Market
Nigerian Exchange has launched West Africa’s first Exchange Traded Derivatives (ETD) Market, consistent with the Exchange’s commitment to develop the Nigerian capital market.
Source: Africa Global Funds
1K1V and Crossfin complete Sybrin acquisition
One Thousand & One Voices (1K1V), in partnership with diversified FinTech investment holding company Crossfin Technology Holdings (Crossfin) and investor Isaac Mophatlane, have announced the completion of the Sybrin Group of Companies (Sybrin) transaction.
Source: Africa Global Funds
We-Fi invests $15m in Africa Digital Financial Inclusion Facility
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15m to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.
Source: Africa Global Funds
We-Fi invests $15m in Africa Digital Financial Inclusion Facility
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15m to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.
Source: Africa Global Funds
We-Fi invests $15m in Africa Digital Financial Inclusion Facility
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15m to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.
Source: Africa Global Funds
We-Fi invests $15m in Africa Digital Financial Inclusion Facility
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15m to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.
Source: Africa Global Funds
We-Fi invests $15m in Africa Digital Financial Inclusion Facility
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15m to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.
Source: Africa Global Funds
We-Fi invests $15m in Africa Digital Financial Inclusion Facility
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) will receive $15m to develop and extend digital financial solutions to women-owned small and medium businesses in Cameroon, Egypt, Kenya, Mozambique and Nigeria.
Source: Africa Global Funds
TPG closes Rise Climate Fund at US$7.3bn
TPG, a global alternative asset management firm, has held the final close of TPG Rise Climate, a dedicated climate investing strategy of its global impact investing platform TPG Rise, at $7.3 billion.
Source: Private Equity Wire
Orange Ventures and Launch Africa invest in French-Malagasy startup SAYNA
After receiving support from business angels, the digital training platform created by Matina Razafimahefa is benefiting from the backing of international venture capital funds for the first time, in association with Club MAIC.
Source: Africa Business Plus
Egyptian financial super app Khazna raises US$38mn from Quona Capital and Lendable
In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt.
Source: Tech Crunch
GoMetro completes US$1mn seed extension round
GoMetro, a South African logistics startup, has raised USD 1mn (ZAR 16.3mn) for its seed extension round that will catalyse growth in its home market as well as the US and UK; and to invest in product engineering and development. Participating in the round were 4Decades Capital, Tritech Global, Hlayisani Capital, Kalon Venture Partners and E Squared Investments.
Source: Alt Africa
DOB Equity and FCA make seed investment in Ugandan fintech
DOB Equity and FCA Investments have invested in Laboremus Uganda, which intends to use the funds to develop its platform in Uganda.
Source: Africa Global Funds
SDG Frontier Fund reaches final close at €36mn
First-of-its-kind Belgian impact fund mobilises additional private resources to support African and Asian SMEs in their growth.
Source: Bio Invest
M&G completes responsAbility acquisition
International savings and investments business M&G plc announced that it has completed its acquisition of Zurich-based, emerging markets-focused impact investor responsAbility Investments AG.
Source: ESG Today
Norebase raises US$1mn to allow companies start, scale, and operate in any African country
Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market.
Source: Tech Crunch
SAVCA CEO steps down
Tanya van Lill, SAVCA CEO will be stepping down at the end of June after an impactful five-year term.
Source: Africa Global Funds
Cairo-based Shift EV closes Series A round
The investment is the first in the Middle East and North Africa for Union Square, a tier-one US venture capital investor. What does Shift EV do?
Source: Disrupt Africa
4DX Ventures, Nuwa Capital and Shorooq Partners in The Food Lab US$4.5mn deal
4DX Ventures, Nuwa Capital and Shorooq Partners led a USD4.5m round for Egypt-based cloud kitchen platform The Food Lab
Source: GPCA
Microsoft climate fund invest in KOKO
Microsoft's $1 billion Climate Innovation Fund is one of a group of venture and family office investors backing KOKO's latest growth equity fund.
Source: Africa Capital Digest
Tiger Global leads US$12mn Zambia’s Union54 seed extension
ZAMBIA - Union54, a fintech that issues debit cards, has secured US$12 million in a seed extension round led by Tiger Global.
Source: Tech Crunch