African Infrastructure Investment Managers (AIIM), through its pan-African infrastructure fund AIIF3, has acquired a majority stake in Ghana-based data center Ngoya Etix DC. The investment was made alongside the management team of the Onix Data Centres Limited (Onix DC) platform. Read more… Read More
Gulf Capital has exited its investment in ECDC Holding Corp (ECDC), an oil and gas drilling and production services provider in the Middle East and Africa. Read more… Read More
Old Mutual Investment Group has acquired a majority stake in a 5MW solar photovoltaic plant at Rosh Pinah in Namibia from AEE Power Ventures for an undisclosed amount. Read more… Read More
Sanlam Private Equity has acquired a majority stake in Cavalier Group of Companies, a South Africa-based supplier of premium red meat products, for an undisclosed amount. Read more… Read More
Emerging Capital Partners (ECP) has increased its stake in Tunisia-listed hygiene and cleaning products group Société d’Articles Hygiéniques (SAH), which trades under the Lilas brand name. ECP first invested in the company in 2008, and the latest transaction brings the firm’s shareholding in SAH to over 5%. Read More
Hlayisani Capital has reached a ZAR350m (approximately USD23.7m) first close for its Hlayisani Growth Fund. The vehicle will invest in high-growth SMEs in South Africa. Read more… Read More
Apis Partners and JG Summit Holdings have invested USD110m in South Africa-based digital bank TymeBank. The proceeds will be used to expand the bank’s presence in South Africa and to finance its expansion into the Philippines. Read more… Read More
Ninety One’s EAIF has agreed to purchase up to USD50m of a bond issued by Mauritius-based fiber network company Liquid Telecommunications. IFC and DEG have also committed to placing orders for up to USD128m. The bond aims to raise USD600m which will be used to refinance existing debt. Read More
Metier, through its Sustainable Capital Fund, has made an undisclosed investment in Energy Vision, a provider of clean and cost-effective energy solutions for telecom towers across Africa. Read more… Read More
DFC has made a USD1m equity investment in Kasha Global, a Rwanda-based e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya. Swedfund and Finnfund previously invested in the company. Read more… Read More
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