Imperial Capital has agreed to acquire Namibia-based perishable foods company Deep Catch from a consortium of investors led by Salta Capital Ventures and including DEG for USD45m. Read more… Read More
IFC approved a commitment of up to USD10m to TIDE Africa II, a fund managed by TLcom Capital. The vehicle will make seed-to-Series A investments in tech and tech-enabled companies in East and West Africa. Read more… Read More
Berkeley Energy has reached a EUR130m (~USD158m) first close for its Africa Renewable Energy Fund II. The vehicle, which has an initial target of USD300m, will primarily focus on hydro, wind and solar projects, as well as battery storage opportunities, across Sub-Saharan Africa. Read more… Read More
Ninety One’s EAIF and Proparco have provided EUR165m (~USD200m) in financing to Biovea Energie to finance the development of a biomass power plant in Côte d’Ivoire. Read more… Read More
Vital Capital, through its Vital Impact Relief Facility, has provided financing to Privamnuts, a Kenya-based macadamia nut processor and exporter, and to Sollatek, a manufacturer of solar and voltage control products providing essential services to rural households in East Africa. Read more… Read More
EXEO Capital has sold its 62.7% stake in South Africa-based table olive supplier Cape Olive Holdings to Imibala, a Lona Group subsidiary and Cape Olive co-shareholder. EXEO originally acquired the stake in 2013 through its Agri-Vie Fund I. Read more… Read More
Oasis Capital Ghana made an undisclosed investment in Joyce Ababio College of Creative Design, a design university college based in Ghana. Read more… Read More
African Infrastructure Investment Managers (AIIM) along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA agreed to acquire a 25.8% interest in MetroFibre Networx, a South Africa-based open access fiber network operator, from Sanlam Private Equity, African Rainbow Capital and a minority shareholder. The transaction follows… Read More
DPI has been investing growth capital in Africa since 2007. How has investor sentiment toward the region evolved since your inception and how is that reflected in your LP base? In the early 2000s, the “Africa Rising” narrative, catalyzed by high-digit growth rates and greater political and macro-economic stability across… Read More
The Takatso consortium, which includes Harith General Partners and Global Airways, has agreed to acquire a 51% stake in South African Airways from the South African government for up to ZAR3b (~USD221m). Read more… Read More
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