Ninety One’s EAIF invested USD20m in a USD420m bond issued by AXIAN Telecom, an African provider of telecommunications, mobile money services and digital infrastructure. CDC, DEG and IFC also invested in the bond. Read more… Read More
Novastar Ventures led a USD4.3m seed round for Kenya-based EV startup BasiGo, with participation from new and existing investors including Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital and Third Derivative. Read more… Read More
Tiger Global, BECO Capital and Prosus Ventures led a USD20m Series A for Egypt-based fintech Thndr, with participation from Base Capital and firstminute, and follow-on from Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO. Read more… Read More
I&P, through its specialized investment unit Miarakap, invested an undisclosed amount in Malakass, a Madagascar-based agricultural company specialized in processing cassava into flour. Read more… Read More
I&P fully exited Ultramaille, a Madagascar-based textile company specializing in knitwear, for an undisclosed amount. Read more… Read More
Ninety One’s EAIF provided a USD35m loan to Alten Kenya Solarfarms to develop the 40MW Kesses solar generation facility in Kenya. Read more… Read More
General Atlantic led a USD40m Series B for Nigeria- and US-based healthtech Reliance Health, with participation from Partech, Picus Capital, Tencent Exploration, Asia Africa Investment and Consulting, P1 Ventures, Laerdal Million Lives Fund, M3 Inc. and Arvantis Social Foundation. Read more… Read More
Moody’s agreed to acquire a majority stake in Global Credit Ratings, a South Africa-based credit rating company backed by The Carlyle Group, in an all-cash deal. Read more… Read More
Ezdehar Management reached a USD168m first close for its Ezdeajr Egypt Midcap II fund, which will invest in SMEs across consumer and retail, business services, education, healthcare and manufacturing in Egypt. The fund has a USD180m target. Read more… Read More
Macro Group Pharmaceutical, an Egypt-based cosmeceutical company backed by Alta Semper Capital, raised EGP1.28b (~USD81m) in a private placement on the EGX. Read more… Read More
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