Metier has sold its 12% stake in Bokpoort Concentrated Solar Power, a 50MW thermal energy power plant in South Africa, to Revego Africa Energy for ZAR204m (~USD14.2m). Read more… Read More
Adenia Partners has sold its 100% stake in Côte d’Ivoire-based power security solutions provider Ademat to SPE Capital for an undisclosed amount. Adenia originally acquired Ademat in 2016. Read more… Read More
Susa Ventures led a USD3.5m seed round for Nigeria-based fintech okra, with participation from Accenture Ventures and follow-on from TLcom Capital. Read more… Read More
Finnfund has committed USD26m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read more… Read More
South Africa-based Moshesh Partners has reached an undisclosed first close for its Renewable Energy & Clean Infrastructure Fund. The vehicle has an initial target of ZAR2b (~USD137m) and plans to invest in large-scale renewable energy projects and clean infrastructure in sub-Saharan Africa. Read more… Read More
CardinalStone Capital Advisers led a USD10m Series A for Appzone, a Nigeria-based fintech software provider, with participation from V8 Capital, Constant Capital, Itanna Capital Ventures and Lateral Investment Partners. Read more… Read More
Global Ventures led a USD18.5m Series A for Egypt-based digital payments platform Paymob, with participation from FMO and A15. The round includes USD15m in fresh capital and USD3.5m from the first tranche of the Series A in July 2020. Read more… Read More
Investisseurs & Partenaires (I&P), through its Acceleration Technologies program, has provided seed funding to Keiwa and Legafrik, two Cote d’Ivoire-based tech startups. Read more… Read More
In 2015 Fawry was the largest provider of digital payments in Egypt, providing a way for unbanked and underbanked customers to conveniently pay telecommunications bills in cash. Helios saw an opportunity to diversify Fawry from a bill payment business into a payments company serving Egyptians with offline and online… Read More
EFG Hermes Private Equity has reached a USD150m third close for its Egypt Education Fund with a ~USD16m commitment from the Sovereign Wealth Fund of Egypt. Read more… Read More
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