A collection of news across the African private equity and venture capital industry |
Africa50 to invest in education group
The investment will be used by Holding Générale d'Education or Holged Group to support its expansion plans elsewhere in Africa.
Source: Africa50
Algebra Venture completes first close of second fund at US$100mn
Egypt's Algebra Ventures completes first close of $100m for its second fund. Algebra Ventures, Egypt's leading venture capital firm, has finalised a US$100 million first close of its second Egypt-dedicated fund, exceeding its US$90 million target.
Source: Disrupt Africa
Arise & Sanari Capital back biometrics company
Biometrics tech firm iiDENTIFii has raised $15 million in a growth capital round led by African investment company Arise.
Source: TechCabal
Climate Fund Managers (CFM) lead US$74mn solar investment
Norwegian Empower New Energy has signed an agreement to raise $74 million from a consortium led by Climate Fund Managers.
Source: The Capital Quest
Edge Growth backs butchery business
With successful butcheries already established in Thokoza and Katlehong, entrepreneur Dexter Letele, has secured a R5,000 000 loan to launch a third site, bringing Dexter’s Hyper Meat Market to the Vosloorus area of Natalspruit in Gauteng.
Source: Biz Community
Gulf Capital exits olive oil producer
Grey raises US$2 million to simplify cross-border payments across Africa. Grey, a FinTech started to simplify sending and receiving foreign payments for Africans, has raised US$2 million in seed funding.
Source: Gulf Capital
Honda backs rent-to-own motorcycle business
Honda Trading Corporation (“the Company”) and Skylight Consulting Inc. have made an equity investment in Unchorlight Kenya Limited (“UNK”).
Source: Honda Trading
InfraCo Africa backs agri-processing hubs in DRC and Rwanda
The project will see the companies co-develop four new mini-grids and four agri-processing hubs (APHs) on Idjwi Island, DRC.
Source: InfraCo Africa
Kenya's MoKo Home + Living raises US$6.5mn
The company is now eyeing its next phase of growth, following a $6.5 million Series B debt-equity funding round, co-led by U.S.-based investment.
Source: TechCrunch
Mineworkers Investment Company backs internet provider
TooMuchWifi cofounder Ian Thomson adds that the investment will go a long way in servicing and accommodating low-income, informal customers.
Source: Engineer News
Mineworkers Investment Company backs Lifestock Wealth
The crowd farming platform receives a multimillion-rand funding boost from the Mineworkers Investment Company.
Source: IT Web
Morocco’s UM6P Ventures backs Infiuss Health
UM6P Ventures, an early-stage venture capital firm, has announced its investment in Infiuss Health to improve clinical trials.
Source: CEO Business Africa
Norsad Capital provides debt funding to healthcare group
Norsad Capital, an impact investor offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa.
Source: Business Live
Oikocredit invests in Farmline
Oikocredit is delighted to announce an investment of US$ 1.5 million in Farmerline Group, an organisation partnering with agribusinesses and farm association.
Source: Oikocredit
Standard Bank arranges US$306mn ESG Loan for Grit Real Estate Income
Standard Bank has successfully syndicated a multimillion-dollar sustainability-linked debt refinancing facility for London Stock Exchange & Stock Exchange of Mauritius listed pan-African impact real estate investment and management company, GRIT Real Estate Income Group (GRIT). The syndicated facility – aligned to GRIT’s ESG goals – was structured and exclusively led by Standard Bank.
Source: Grit Group
Talk360 secures additional US$3mn in seed funding
Talk360, a South African software that allows users to call any landline or mobile phone in the globe at a reasonable rate, has received the additional US $3 million in seed funding, bringing its total seed funding to US $7 million after its first close in May.
Source: Incubees
Tugende raises $10mn in equity & debt
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women's World Banking.
Source: Finextra