Sawari Ventures Reaches USD69m Final Close for Egypt Tech Fund
Sawari Ventures has reached a USD69m final close for its Egypt-focused fund. The vehicle will invest in early-stage and growth-stage tech companies in Egypt. Read more… Read More
Infra Impact Reaches ~USD17m First Close for Mid-Market Infrastructure Fund
Infra Impact Investment Managers has reached a ZAR250m (~USD17m) first close for its Infra Impact Mid-Market Infrastructure Fund I. The vehicle, which has an initial target of ZAR1.5b (~USD102m), will provide growth capital to mid-market infrastructure businesses operating in the water, waste, energy and telecommunications sectors in South… Read More
Africa 2021 Data Insight
Africa private capital investment activity in 2020 remained on par with 2019 amidst delays in fundraising and exits African private capital investment activity in 2020 remained relatively resilient to the effects of COVID-19, even as new fund launches and exits have been delayed by the disruption of the pandemic. In… Read More
Criterion Africa Partners Exits Eswatini’s Peak Timbers to Shiselweni Forestry Company
Criterion Africa Partners has sold the forestry and sawmilling business of its portfolio company Peak Timbers to Shiselweni Forestry Company, a subsidiary of ZARX-listed TWK Investments, for an undisclosed amount. Read more… Read More
Riyada Managers-Backed Taaleem Raises ~USD131m via EGX IPO
Taaleem Management Services, an Egypt-based higher education platform backed by Riyada Managers, has raised EGP2.057b (~USD131m) in an IPO on the EGX. The listing consisted of a secondary sale of a 49% stake in the company held by Riyada Managers, which retains a 20% stake. Read more… Read More
Meridiam Invests USD48m in Africa-Focused Data Center Developer Raxio Group
Meridiam has agreed to invest USD48m in pan-African data center developer Raxio Group as part of a partnership that will help develop a network of data centers in Africa. Raxio’s founding equity partner Roha Group invested alongside Meridiam. Read more… Read More
EXEO Capital Invests in South Africa’s Maia Group
EXEO Capital, through its Agri-Vie Fund II, has made an undisclosed investment in the Maia Group, a South Africa-based holding company focused on consumer health businesses. Read more… Read More
CardinalStone Capital Advisers Reaches USD64m Final Close for West Africa Growth Fund
CardinalStone Capital Advisers has reached a USD64m final close for CardinalStone Capital Advisers Growth Fund. The vehicle aims to support the growth and institutionalization of SMEs in Nigeria and Ghana. Read more… Read More
Vault Leads USD2m Seed Round for Nigerian Fintech Bankly
Vault (the holding company of VANSO) led a USD2m seed round for Bankly, a Nigeria-based fintech for under-banked consumers, with participation from Plug and Play Ventures, Rising Tide Africa and Chrysalis Capital. Read more… Read More
Amethis Acquires Moroccan Micro-Irrigation Specialist Magriser Group
Amethis, through its Amethis MENA Fund II, has acquired a majority stake in Magriser Group, a Morocco-based company specialized in the distribution and installation of turnkey micro-irrigation and solar pumping systems. Read more… Read More
(default archive template)