A collection of news across the African private equity and venture capital industry |
A collection of news across the African private equity and venture capital industry |
Admaius invests in Céréalis
Admaius Capital Partners via a subsidiary of the Virunga Africa Fund 1, it has made a significant investment in Power Brands, the parent company of Céréalis, Tunisia’s producer of salted snacks and a significant producer of baked goods.
Source:Africa Global Funds
AIIF4 invests in Kenya’s Road Annuity Programme
AIIM, Africa’s largest dedicated infrastructure private equity manager, has committed to invest $34m into Kenya’s Road Annuity Programme through its pan-African AIIF4 Fund.
Source: Africa Global Funds
Enza Capital, Oikocredit and Partech Africa co-invest in Djamo
Enza Capital, Oikocredit and Partech Africa have co-led a $14m equity investment round in Djamo, a Y Combinator-backed fintech building the leading personal finance company in Francophone Africa.
Source: Africa Global Funds
FEI leads US$33.4mn investment in Solarise Africa
The Facility for Energy Inclusion (FEI) has signed its first transaction in the commercial and industrial solar market, acting as lead arranger for a $33.4m multi-country facility for Solarise Africa’s subsidiaries in Africa.
Source: Africa Global Funds
Flexcap and others back Ramani
Global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared Schreiber, have led a $32m series A round of equity & debt in Ramani, an African software company.
Source: Africa Global Funds
Norsad Capital invests US$10mn in CABS Zimbabwe
Norsad Capital has provided Central Africa Building Society (CABS) Zimbabwe, a member of the Old Mutual Group, a $10m medium-term credit facility to support the bank’s growth strategy.
Source: Africa Global Funds
ROX acquires SilverBridge
ROX Equity Partners, a UK based private equity company, has acquired SilverBridge, a South African financial services technology provider
Source: Africa Global Funds
uMunthu II targets €150mn
Goodwell Investments has launched uMunthu II, aiming to raise €150m to finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for un(der)served consumers in Africa.
Source: Africa Global Funds
Mastercard Foundation launches Africa Growth Fund
The Mastercard Foundation Africa Growth Fund (MFAGF), a fund of funds that works through African investment vehicles to support early-stage, growth-oriented SMEs on the continent, has launched with a committed US$200 million.
Source:Disrupt Africa
Mirova SunFunder co-leads US$50mn investment for d.light
The investment is structured as a balance sheet debt facility and will enable continued expansion of the company’s solar and pay-as-you-go consumer finance business in Africa and the launch of new innovative products.
Source: SunFunder
InfraCo Africa invests to scale access to clean transport in rural Zimbabwe
Harare, Zimbabwe: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement committing US$2 million to scale the offering of Mobility for Africa, an electric mobility company delivering affordable, cargo-carrying e-tricycles and solar-powered battery charging solutions for underserved communities in rural Zimbabwe.
Source: InfraCo
Finnfund’s invests US$3.4mn in KaiOS
Finnfund invests 3.4 million US dollars in KaiOS Technologies, maker of KaiOS, the leading mobile operating system for smart feature phones. It has been estimated that 3.4 billion people in emerging markets do no use internet despite living in areas with mobile broadband coverage.
Source: Finnfund
Bboxx EDF secure €11mn funding
Bboxx, a super platform providing access to essential products and services, and its partner EDF, a global leader in low-carbon energies, in Togo, have secured an €11m loan from the Off Grid Energy Access Fund (“OGEF”) managed by Lion’s Head Global Partners Asset Management (“LHGPAM”),enabling them to ramp up their clean electrification delivery in Togo.
Source: LHGP
EG Capital announces successful anchor closing of its maiden fund
EG Capital, a growth-oriented private equity impact firm and client of IQ-EQ, has announced the anchor closing of its maiden fund, EG-Economic Empowerment Fund LP (EG-EEF), which will invest in medium-sized businesses in the food, health, education and climate resilience sectors in East Africa and Zambia.
Source: IQEQ
Hydropower project in Coted'lvoire secures funding
The Singrobo-Ahouaty 44 MW hydropower project in Côted'lvoire has reached financial close, with the African Development Bank (AfDB) Group as the mandated lead arranger.
Source: Africa Private Equity News