Emerging Capital Partners (ECP), A.P. Moller Capital, DEG and Investment Fund for Developing Countries (IFU) created a new company called ECP Power & Water Holding through which they will invest in Africa-focused power and water developer Eranove Group. Read more… Read More
EchoVC, MSA Capital, Nubank and Klarna invested a USD2.2m pre-seed round for Wapi Pay, a Singapore-based, Kenya-headquartered payments and remittances company focused on cross-border payments between Africa and Asia. Read more… Read More
Imperial Logistics agreed to acquire 100% of J&J Africa, an Africa-focused end-to-end logistics and transport company, providing a full exit for the Carlyle Group and Ninety One. The deal values the company at a reported USD300m. Read more… Read More
Helios Investment Partners agreed to acquire a majority stake in a group of Morocco-based medtech companies comprising Techniques Science Santé (T2S), IM Alliance, Cyclopharma and Binarios. The transaction provided an exit for CDG Invest which held a minority stake in T2S. Read more… Read More
Acumen reached a USD58m final close for its Acumen Resilient Agriculture Fund. The vehicle will provide capital to support African agribusinesses that help smallholder farmers adapt to climate change. Read more… Read More
Dragoneer Investment Group led a USD83m Series C for Yoco, a South Africa-based payments and software platform for SMEs, with participation from Breyer Capital, HOF Capital, The Raba Partnership, 4DX Ventures and TO Ventures, and follow-on from Quona Capital, Partech, Velocity Capital Fintech Ventures and Orange Ventures. Read more… Read More
Ninety One’s EAIF agreed to provide EUR25m (~USD29.5m) in financing to Ivoire Hydro Energy to build a 44MW hydro electricity generation plant in Côte d’Ivoire. Read more… Read More
Actis agreed to acquire the East African operations of City Lodge Hotel Group for ZAR142m (~USD9.5m) in an all-cash deal. Read more… Read More
Investisseurs & Partenaires (I&P), through its I&P Afrique Entrepreneurs 2, invested in Pigier Cameroun, a Cameroon-based private business school offering training in human sciences and management at graduate and postgraduate levels. Read more… Read More
CrossBoundary Energy Access, Oikocredit, Triodos Investment Management and EDFI ElectriFI provided project financing to PowerGen, a developer of on-grid and off-grid distributed energy in Africa, to support the construction of mini-grids in rural Nigeria. Read more… Read More
(default archive template)