Sanlam Investments reached a ZAR500m (~USD34.5m) first close for its Sustainable Infrastructure Fund. The vehicle has an initial target size of ZAR5b (~USD346m) and will mostly provide debt financing for projects in the renewable energy, conventional energy, housing, transportation, communication, health, water and waste sectors in South Africa. Read… Read More
Amethis sold its 22% stake in Sodigaz APC, a gas bottle distributor in Burkina Faso, to African Infrastructure Investment Managers for an undisclosed amount. Read more… Read More
LoftyInc Capital Management reached a USD5.5m first close for LoftyInc Afropreneurs Fund 3. The vehicle, which has an initial target size of USD10m, will make investments in Africa, with a particular focus on the hyper-growth tech ecosystems in Nigeria, Egypt and Francophone Africa. Read more… Read More
In July 2019, Mediterrania Capital Partners invested in Aziza, a food retail operator based in Tunisia. Mediterrania helped Aziza optimize its supply chain by reducing the number of imported products, focusing on agreements with local suppliers and expanding its own product line. In partnership with Mediterrania, Aziza also launched… Read More
Amethis reached a EUR85m (USD101m) first close for Amethis MENA Fund II. The vehicle will target majority and minority investments in fast-growing SMEs in Morocco, Egypt, Tunisia and Jordan. Read more… Read More
The Swiss Investment Fund for Emerging Markets (SIFEM) committed USD10m to Metier Sustainable Capital International Fund II. The vehicle, which is managed by Metier Capital, is focused on climate mitigation and adaptation through investments in renewable energy generation and in resource efficiency in Africa. Read more… Read More
LeapFrog Investments acquired a 16.94% stake in Fidelity Bank Ghana from Amethis and Edmond de Rothschild Equity Strategies (ERES) for an undisclosed amount. Read more… Read More
SoftBank Vision Fund 2 led a USD400m round for OPay, a mobile payments company based in Nigeria, with participation from DragonBall Capital and 3W Capital, and follow-on from Sequoia Capital China, Redpoint China, Source Code Capital and Softbank Ventures Asia, at a reported USD2b valuation. Read more… Read More
Metier sold Mainstream wind assets, comprising three wind farms in South Africa with a capacity of 360MW, to Revego Africa Energy for an undisclosed amount. Read more… Read More
Speedinvest and Left Lane Capital led a USD23m Series A for African mobility fintech Moove, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Class 5 Global, Verod Capital Management, Kepple Africa Ventures and Victoria van Lennep (Lendable), and follow-on… Read More
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