FTX led a USD150m Series C extension for African cross-border payments company Chipper Cash, with follow-on from SVB Capital, Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures and Tribe Capital, at a reported USD2b+ valuation. Read more… Read More
Creadev led a USD50m Series C for Twiga Foods, a Kenya-based B2B e-commerce food distribution platform, with participation from OP Finnfund Global and Endeavor Catalyst Fund, and follow-on from TLcom Capital, IFC Ventures, DOB Equity and Juven. Read more… Read More
TLCom Capital and 4DX Ventures led a USD13m seed round for Autochek, a Nigeria-based auto financing and services marketplace, with participation from ASK Capital, Mobility 54 and CFAO Group, and follow-on from Golden Palm Investments, Enza Capital and Lateral Capital. Read more… Read More
EXEO Capital, through its new food sector investment vehicle Nature Foods, made an undisclosed investment in South Africa-based cheese company The Fairview Cheese Company. Read more… Read More
Metier Sustainable Capital, a fund managed by Metier, and FMO established and funded Africa REN Energy, an investment holding dedicated to supporting the projects of Africa-focused clean infrastructure developer Africa REN. Africa REN Energy funded the construction of Kodeni Solar, a 38MW solar power plant in Burkina Faso. Read… Read More
AIIM completed a ZAR5.5b (~USD370m) capital increase for its IDEAS Managed Fund, bringing the overall size of the open-ended fund to more than ZAR22b (~USD1.48b). Read more… Read More
Nigeria-based telecommunications infrastructure company IHS Towers raised USD378m in its IPO on the NYSE. The company issued 18m shares and investors including ECP, MTN, AIIM, FMO, Ninety One and Goldman Sachs sold an additional 4.5m shares. Read more… Read More
The Japanese International Cooperation Agency invested USD2.5m in Sanergy, a Kenya-based sanitation and waste management solutions company, to support the Black Soldier Fly project, its organic waste transformation effort in Nairobi and beyond. Sanergy collects organic waste and transforms it into insect feed, fertilizer and biofuel by using black soldier… Read More
Adenia Partners acquired a majority stake in Altilands, the parent company of Red Lands Roses, a Kenya-based grower of fresh-cut roses, for an undisclosed amount. Read more… Read More
DP World and CDC Group formed a partnership to invest USD1.72b to develop port infrastructure in Africa, with a primary focus on Senegal, Egypt and Somaliland. Read more… Read More
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