July Industry News

01 July 2024

 

A collection of news across the African private equity and venture capital industry

Agile Capital acquires stake in Berry Astrapak

South African private equity firm Agile Capital has acquired a significant minority share in Berry Astrapak.

Source: Africa Private Equity News

EdVentures investments in Egypt-based online education platform

Venture capital firm EdVentures has announced an investment of US$400,000 in Egypt-based online education platform El Kheta.

Source: Africa Private Equity News 

Egyptian fintech startup secures US$8mn in seed funding round

Egypt-based fintech startup Connect Money has raised $8 million in a seed funding round co-led by venture capital firms Disruptech Ventures, Algebra Ventures, and Lorax Capital Partners.

Source: Forbes Middle East 

Finnfund invests in CREI to improve mobile connections in South Sudan

Finnish development financier Finnfund has announced a $5 million mezzanine loan to Communication & Renewable Energy Infrastructure (CREI) to support the installation of hybrid power solutions for telecom sites in South Sudan.

Source: Finnfund

Wangara Green Ventures invests in Ghanaian innovative social enterprise

Wangara Green Ventures is pleased to announce an investment in Sommalife Limited, an innovative social enterprise based in Wa, Ghana.

Source: Wangara Capital Partners