DPI Partially Exits Nigeria’s Food Concepts via Sale to ACA
DPI sold a 31% stake in Nigeria-based QSR group Food Concepts to African Capital Alliance for an undisclosed amount. DPI will retain a majority stake in the company. Read more… Read More
SoftBank Leads USD200m Series E for HRtech Andela
SoftBank Vision Fund 2 led a USD200m Series E for Andela, a platform for building remote tech teams in Africa and other markets, at a reported USD1.5b valuation, with participation from Whale Rock and follow-on from Generation Investment Management, Chan Zuckerberg Initiative and Spark Capital. Read more… Read More
BluePeak Private Capital Reaches USD115m First Close for Africa Private Credit Fund
BluePeak Private Capital reached a USD115m first close for its BluePeak Private Capital Fund, a private credit and mezzanine vehicle with an initial target size of USD200m. The fund will provide financing solutions to SMEs and private equity sponsors operating in Africa. Read more… Read More
Adenia Partners | Mauvilac
In July 2014, Adenia Partners acquired a 95% stake in Mauvilac, a paint and coatings manufacturer and distributor based in Mauritius. With Adenia’s support, Mauvilac optimized production by introducing a semi-automatized process at its factory, implemented waste management and solvent recycling systems and increased the number of… Read More
Flat6Labs Reaches USD10m Close for Tunisia Seed Fund
Flat6Labs reached a USD10m close for its Anava Seed Fund targeting early-stage investments in Tunisian startups, surpassing its initial target size of USD3m. Read more… Read More
DFC, FSD Africa and EDFI-ElectriFi Invest USD23m in Africa-Focused Nithio FI
Nithio FI, an Africa-focused, AI-enabled clean energy financing platform, raised USD23m from DFC, FSD Africa Investments and EDFI-ElectriFi. DFC invested USD10m in the round. Read more… Read More
DFC Commits Combined USD35m to Atlantica Ventures and Blue Earth Capital
DFC committed USD25m to PG Impact Credit Strategies, a fund managed by Blue Earth Capital (formerly PG Impact Investments) targeting credit investment opportunities in SMEs in sub-Saharan Africa, Latin America, South and Southeast Asia. DFC also committed USD10m to Altantica Ventures’ early-stage VC fund targeting seed through Series B investments… Read More
TotalEnergies Ventures Leads USD45m Round for Africa-Focused Zola Electric
Zola Electric, a renewable energy provider founded in Tanzania and headquartered in the Netherlands, raised USD45m in equity led by TotalEnergies Ventures, with participation from DBL Partners, Helios Investment Partners, Vulcan Capital and Electron Capital Partners. FMO and SunFunder provided an additional USD45m in debt. Read more… Read More
Helios Exits 49% Stake in GBFoods Africa via Sale to GBFoods
Helios Investment Partners sold its 49% stake in GBFoods Africa, a joint venture created by Helios and GBfoods, to GBFoods. Read more… Read More
CDC Group Commits Combined USD50.9m to Convergence Partners and Metier-Led Consortium
CDC Group committed USD40m to Convergence Partners Digital Infrastructure Fund, a fund managed by Convergence Partners, contributing to its USD120m first close; CDC also committed USD10.9m to a consortium led by Metier which invested USD36m in Africa Mobile Networks, a developer and operator of mobile network base stations in Sub-Saharan… Read More
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