The Asian Development Bank agreed to provide USD174m of loans to Saudi Arabia-based energy company ACWA Power to develop two wind power plants in Uzbekistan. … Read More
Logos Ventures led a USD2.5m seed round for Chargel, a Senegal-based trucking logistics platform, with participation from Ventures Platform, Foundation Botnar, DFS Labs and Seedstars. Read More
A consortium of investors led by DPI acquired Solevo, a Cote d’Ivoire-based distribution platform for specialty chemicals, from Helios Investment Partners. South Suez and DEG co-invested in the buyout. Read More
Monk’s Hill Ventures reached a USD200m final close for its third early-stage fund focused on tech investments in Southeast Asia. The vehicle had a target of USD150m. … Read More
General Atlantic invested an additional USD100m in PhonePe, an India-based mobile payments app. General Atlantic first invested USD350m in January 2023. Read More
Hakbah, a Saudi Arabia-based financial savings platform, raised a USD2m pre-Series A from Global Ventures and Aditum Investment Management. … Read More
Amethis and Diot-Siaci agreed to acquire a stake in ASK Gras Savoye Group, a Morocco-based insurance broker and risk advisory company. Read More
Temasek and Steadview Capital agreed to lead a USD90m investment in Atomberg, an India-based energy efficient fan manufacturer. … Read More
Mizuho Financial Group led a USD270m Series D for Kredivo Holdings, an Indonesia-based credit services platform, with follow-on from Openspace Ventures, Square Peg Capital, Jungle Ventures, Naver Financial Corporation and GMO Venture Partners. Read More
Temasek agreed to acquire an additional 41% stake in Manipal Health, an India-based chain of multi-specialty hospitals for INR165b (~USD2b), to become the majority shareholder. … Read More
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