TPG Capital’s Rise Fund, the Qatar Investment Authority (QIA) and Mastercard invested an additional USD125m in Airtel Mobile Commerce, an Airtel Africa subsidiary and the holding company for several of Airtel Africa’s mobile money operations across 14 African countries. TPG and QIA each invested USD50m and Mastercard invested USD25m. Read More
Africa HealthCare Master Fund led a USD4.4m Series A for Nigeria-based drug procurement platform DrugStoc, with participation from DEG and Vested World. Read more… Read More
AfricInvest Five, Goodwell Investments and LUN Partners Group led a USD70m Series C for Ghana-based digital payments network MFS Africa, with participation from ShoreCap, CommerzVentures, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest. The deal included a USD30m debt facility. Read more… Read More
STANLIB Asset Management invested ~ZAR2.4b (~USD156m) in New GX Investments, a South Africa-based investment holding company active in the digital telecommunications infrastructure sector. The partnership aims to create a long-term capital digital infrastructure platform that will invest in fiber, towers and data center infrastructure in South Africa. Read More
Actis, through its Actis Africa Real Estate Fund 3, has agreed to acquire the company that operates the Radisson Blu, a 271-room hotel in Kenya, for an undisclosed amount. Read more… Read More
CDPQ led a USD70m Series B for Kenya-based AI company Sama, with participation from First Ascent Ventures, Salesforce Ventures and Vistara Growth, and follow-on from existing investors. Read more… Read More
Fidelity Management & Research Company led a USD120m round for JUMO, a South African platform for building fintech products, with participation from Visa and Kingsway Capital. Read more… Read More
Finnfund, through its OP Finnfund Global Impact Fund I, invested USD10m for an undisclosed stake in Morocco-based healthcare group Cliniques Internationales du Maroc Group. Read more… Read More
InfraCo Africa and Helios Investment Partners have joined forces to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR). The fund, which has an initial target size of USD350m, will focus on climate-aligned infrastructure and growth businesses. Read more… Read More
CDC Group, Finnfund, Norfund and New Forests announced a proposed USD500m partnership to develop investment strategies designed to scale and transform the sustainable forestry sector in sub-Saharan Africa. Read more… Read More
(default archive template)