AgDevCo secures £25mn funding to launch AgDevCo Ventures
AgDevCo is very pleased to announce £25m of funding from the Foreign, Commonwealth, and Development Office (FCDO) to establish AgDevCo Ventures, a new investment strategy in the group.
Source: AgDevCo
BluePeak invests US$25mn in Robust International
Luxembourg, 16 September 2024 BluePeak Private Capital (BluePeak) – an alternative asset management firm supporting the growth of scalable businesses in Africa, has announced a USD 25 million investment in Robust, a pan-African processor and exporter of agro-commodities with a focus on cashew nuts and sesame seeds. The investment will contribute to expanding Robust’s processing capacity in main operating markets, including Nigeria, Côte d’Ivoire, Burkina Faso, and Mozambique.
Source: BluePeak
Goodwell makes first investment in Uganda with investment in the Agent Banking Company Uganda Ltd (ABC)
AMSTERDAM, THE NETHERLANDS, 19 September 2024 – Goodwell Investments, an impact investor financing inclusive growth in emerging markets, is pleased to announce its investment in the Agent Banking Company of Uganda, Ltd (ABC), a technology-focused financial services firm with a mission to “improve lives by facilitating access to quality and affordable financial services”.
Source: Goodwell
Incofin and GAIN’s Nutritious Foods Fund makes first investments in Sub-Saharan Africa
Incofin Investment Management announces the first three investments made through the new Nutritious Foods Financing Facility (N3F), launched earlier this year. Each selected company has received debt financing in the range of USD 0.5 million – USD 1 million to scale up their production, increasing their capacity to supply lower-income local households in Sub-Saharan Africa with nutritious food. Further, they will each be supported with tailored technical assistance managed by the Global Alliance for Improved Nutrition (GAIN).
Source: Incofin
Kenzoll Capital acquires offshore mining vessel to accelerate Namibia expansion
Private equity firm Kenzoll Capital has acquired the Adamastor, an offshore mining vessel in Cape Town, as a first step toward establishing a new operating company in Namibia.
Source: Kenzoll
Sultan Ventures acquires Acasia, driving innovation across the Middle East, Africa, and beyond
Cairo, Egypt – In a move poised to reshape the entrepreneurial landscape across the Middle East and Africa, Acasia Group, a leading force in the startup ecosystem, proudly announces its acquisition by Sultan Ventures, a prominent U.S.-based venture firm renowned for its cutting-edge approach to venture building, innovation, and investment.
Source: Acasia
Uncap launches US$33mn Africa Fund
Investment firm Uncap has launched Unconventional Capital, a €30 million fund dedicated to providing non-dilutive, revenue-based financing to early-stage small and medium-sized enterprises (SMEs) across Africa.
Source: Africa Private Equity News
Vantage Capital closes €14mn mezzanine investment in SPMS
Agadir, Morocco – Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it closed a €14 million mezzanine investment in Société de Production Maraîchère Samir S.A. (“SPMS”) to part-fund the company’s investment programme.
Source: Vantage Capital