Alitheia Capital, through its uMunthu Fund, led a USD8.3m pre-Series B for Nigeria-based fintech Lidya, with participation from Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures. Read more… Read More
RMBV led a USD40m Series A for MaxAB, an Egypt-based B2B grocery provider, with participation from Flourish Ventures, IFC, Crystal Stream, Rise Capital and Endeavour Catalyst, and follow-on from Beco Capital and 4DX Ventures. Read more… Read More
IFC invested USD50m in Holmarcom Insurance Activities, the insurance services business unit of Morocco-based conglomerate Holmarcom Group, for an undisclosed minority stake. Read more… Read More
Tiger Global Management led a USD42m Series B for FairMoney, a neobank offering consumer credit for Nigerians, with follow-on from DST Global, Flourish Ventures, Newfund and Speedinvest. Read more… Read More
Novastar Ventures led an undisclosed Series B for Nigeria-based fintech TeamApt, with participation from Global Ventures, FMO, CDC Group, Endeavor Catalyst, Soma Capital, Kepple Africa, Oui Capital and angel investors. Read more… Read More
Investisseurs & Partenaires (I&P) led a USD7.9m Series A for Ghana-based fintech Zeepay, with participation from ARK Holdings and follow-on from GOODsoil VC. Read more… Read More
African Infrastructure Investment Managers (AIIM), Adenia Partners and IFC acquired Eastcastle, a telecom tower infrastructure company focused on West Africa, for USD130m. Read more… Read More
Ascension Capital Partners has reached a ZAR350m (~USD25m) first close for Ascension Private Equity Fund I. The vehicle will target investments in technology-driven businesses across healthcare, food security, fast moving consumer goods, water, sanitation and manufacturing in South Africa. Read more… Read More
Investisseurs & Partenaires (I&P), Acumen and Zephyr invested USD1.9m in Ed Partners Africa, a Kenya-based non-banking financial institution serving affordable private schools, with participation from existing investors. Read more… Read More
Adenia Partners has acquired a majority stake in Herholdt’s, a distributor of low-voltage electrical and solar products in South Africa, for an undisclosed amount. Read more… Read More
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