AfricInvest, through AfricInvest FIVE, invested an undisclosed amount in Burkina Faso-based insurance company RAYNAL Assurances IARD Burkina Faso, facilitating an exit for pan-African financial group SUNU. Read more… Read More
Rocket Internet, Global Founders and P1 Ventures led a USD5m seed round for Morocco-based fintech and B2B e-commerce Chari.ma, with participation from Plug and Play, Y Combinator, Village Capital, Orange Ventures, Air Angels, SPE Capital, Pincus Capital Management, Reflect Ventures, the Chandaria family and others. Read more… Read More
Summit Africa reached a ZAR1.6b (~USD106m) final close for Summit Private Equity Fund I. The vehicle will target investments in the healthcare, education, financial services and ICT services sectors in South Africa, Namibia, Lesotho and Eswatini. Read more… Read More
AfricInvest, through its evergreen PE fund FIVE, acquired a minority stake in RoyalExchange General Insurance Company, a Nigeria-based insurance company, for an undisclosed amount. Read more… Read More
Ninety One acquired a 10% stake in South Africa-based fashion retailer Truworths for an undisclosed amount. Read more… Read More
A.P. Moller acquired a 44% stake in Cape Verde-based wind energy producer Cabeolica from Africa Finance Corporation via a secondary deal for an undisclosed amount. Read more… Read More
Development Partners International reached a USD900m final close for African Development Partners III (ADP III), with an additional USD250m of dedicated co-investment capital. The fund will invest in established and growing companies in industries that benefit from Africa’s fast-growing middle class and the increasing digital transformation of the continent. Read More
Development Partners International (DPI) announced that African Development Partners III Fund (ADP III) has held a final close at USD900m, with an additional USD250m of dedicated co-investment capital commitments. Investors in the fund include DPI’s existing limited partners, as well as more than 25 new investors. ADP III will invest… Read More
Adiwale Partners reached a EUR60m (~USD70m) final close for Adiwale Partners Fund I. The vehicle will provide growth capital to SMEs primarily in Côte d’Ivoire, Senegal, Mali and Burkina Faso. Read more… Read More
ARCH Emerging Market Partners, through its Africa Renewable Power Fund, provided USD2.5m in financing to South Africa-based solar leasing platform Sun Exchange in the form of a convertible note. ARCH EM Partners led the company’s Series A in 2020. Read more… Read More
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