March Industry News

01 March 2025

 

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

AgDevCo exits Zambian potato company

AgDevCo is pleased to announce its successful exit from Saise Farming Enterprises Limited, through an equity sale to Buya Bamba Limited, a leading Zambian potato company. 

Source: AgDevCo

Edge Growth backs Trade Shield

Trade Shield, a South Africa-based business offering credit risk management solutions, has secured ZAR15 million (about $825,000) in funding from FNB’s Vumela Enterprise Development Fund, managed by Edge Growth.

Source: Africa Private Equity News

Finnfund makes a follow-on investment to Fibertime Group

Finnfund has made a follow-on investment of 2 million euros to Fibertime Group enabling the company to expand its provision of fiber internet access to under privileged communities in South Africa. The new investment supports the company in its goal to connect up to 1.8 million homes to the internet. At the heart of the innovation is both the fiber internet technology provided by Nokia and an affordable pay-as-you-go pricing model by Fibertime Group.

Source: Finnfund

Go Big Partners and 216 Capital Ventures Back Juridoc.tn

Go Big Partners is proud to join forces with 216 Capital Ventures to back Juridoc.tn, Tunisia’s pioneering LegalTech, as it expands across Africa, starting with the OHADA region!

Source: Go Big Partners

Mirova announces financing for a climate technology company

  • Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces financing for KOKO, a climate technology leader.
  • Through an innovative and scalable carbon finance debt facility, the loan from the Mirova Gigaton Fund1 will enable KOKO to scale up a new type of residential energy utility across Kenya and Rwanda, in line with the fund’s objective to accelerate access to renewable energy in emerging markets.

Source: Mirova

Summit Africa acquires majority stake in St Mary’s Hospital

Private equity firm Summit Africa has acquired 55% shareholding in St Mary’s Hospital in Mthatha, located in South Africa’s Eastern Cape province, from Life Healthcare Group.

Source: Africa Private Equity News