AfricInvest Invests USD2.9m Debt in South Africa’s Vida e Caffè
AfricInvest Private Credit has provided USD2.9m in financing to South Africa-based coffee chain Vida e Caffè. Read more… Read More
Helios Invests in NBA Africa
Helios Investment Partners, through its Toronto-listed holding company Helios Fairfax Partners, and Yinka Folawiyo Group have invested in NBA Africa, a newly formed entity, in partnership with the National Basketball Association. Read more… Read More
Nuwa Capital and MSA Capital Lead USD15m Series A for Egyptian Furniture Marketplace Homzmart
Nuwa Capital and MSA Capital led a USD15m Series A for Egypt-based furniture and home goods marketplace Homzmart, with participation from Rise Capital, Impact46, EQ2 Ventures and Outliers Ventures. Read more… Read More
Ascent Reaches USD100m+ First Close for East Africa Fund
Ascent has reached a USD100m+ first close for Ascent Rift Valley Fund II. The vehicle has an initial target of USD120m and plans to invest in SMEs in the financial services, manufacturing, wholesale and retail trade and services, education, healthcare and agro-processing sectors in Eastern Africa. Read… Read More
AIIM and Reatile Group Acquire 30% Stake in Mozambique’s ROMPCO for USD293m
African Infrastructure Investment Managers (AIIM) and Reatile Group have agreed to acquire a 30% stake in Mozambique-based ROMPCO, which owns and operates the high-pressure gas pipeline connecting Mozambique with South Africa, from Sasol South Africa for ZAR4.14b (USD293m). Read more… Read More
Kalon VP and Caleo Lead USD2.5m Series A for South African Edtech iXperience
Kalon Venture Partners and Caleo Private Equity led a USD2.5m Series A for South Africa-based edtech iXperience. Read more… Read More
A.P. Moller and Reunert Establish Lumika Renewables
A.P. Moller Capital and Reunert have established Lumika Renewables, a new joint venture through which they will develop a portfolio of cost-efficient, renewable energy solutions for commercial and industrial customers in Africa. Read more… Read More
Accion Venture Lab Invests USD1.8m Seed Round for Kenyan Insurtech Lami
Accion Venture Lab led a USD1.8m seed round for Kenyan insurtech Lami, with participation from AAIC, Consonance, P1 Ventures, Acuity Ventures, The Continent Venture Partners and Future Africa. Read more… Read More
Cepheus Growth Invests in Ethiopia’s JP Textile
Cepheus Growth Capital Partners has invested an undisclosed amount for a significant minority stake in Ethiopia-based textile company JP Textile. Read more… Read More
MAIF Avenir and Silicon Badia Lead USD20m Round for Tunisian B2B Expense Management Platform Expensya
MAIF Avenir and Silicon Badia led a USD20m round for Tunisia-based B2B expense management solutions provider Expensya, with follow-on from ISAI and Seventure Partners. Read more… Read More
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