Actis-Backed Honoris United Universities Acquires Egypt’s Merit University
Actis-backed Honoris United Universities agreed to acquire Egypt-based Merit University for an undisclosed amount. Read more… Read More
Actis-backed Honoris United Universities agreed to acquire Egypt-based Merit University for an undisclosed amount. Read more… Read More
Medical Credit Fund reached a EUR32.5m (~USD37m) final close for its second fund which will provide financing to SMEs within the health sector in sub-Saharan Africa. Read more… Read More
Alitheia IDF, a women-focused PE fund, reached a USD100m final close. The fund aims to bridge the financing gap for women-led or owned businesses in Africa. EIB committed USD24.6m to the fund. Read more… Read More
Equinix agreed to acquire Nigeria-based data center MainOne in an all-cash deal for USD320m, facilitating an exit for Harith General Partners, Africa Finance Corporation, FBN Capital, Polaris and the African Development Bank. Read more… Read More
Tencent and Nielsen Ventures led a USD15m Series B for Nigeria-based edtech uLesson, with follow-on from Owl Ventures, TLcom Capital and Founder Collective. Read more… Read More
XSML reached a USD81m final close for African Rivers Fund III, exceeding its initial target of USD75m. The fund will provide debt, equity and mezzanine financing to fast-growing SMEs in Central Africa. Read more… Read More
In December 2008, DPI invested in Q-Venture and later acquired Eaton Telecom Infrastructure, merging the two companies to create Eaton Towers, an independent tower company that operates shared telecommunications infrastructure across Africa. By 2019, Eaton Towers had 5,700 towers across Ghana, Uganda, Kenya,… Read More
CDC and Tencent invested a USD70m Series B+ for South Africa-based digital bank TymeBank. The company raised a USD110m Series B led by Apis Partners and JG Summit Holdings in February 2021. Read more… Read More
IFC led a USD110m Series B comprising a mix of equity and debt for Nigeria-based B2B e-commerce startup TradeDepot, with participation from Novastar, Sahel Capital, CDC Group and Endeavor Catalyst, and follow-on from Partech and MSA Capital. Arcadia Funds provided debt. Read more… Read More
AfDB, Proparco and Ninety One‘s EAIF agreed to provide EUR36m (~USD40.7m) in financing for InfraCo Africa’s Djermaya solar project in Chad. Read more… Read More
(default archive template)