TLcom Leads USD3.75m Series A for Kenyan Healthtech Ilara Health
TLcom Capital led a USD3.75m Series A for Kenya-based healthtech Ilara Health, with participation from DOB Equity, Global Ventures, and Chandaria Capital. Read more… Read More
Ethos Secures Advisory Contract for Ninety One’s Africa PE Funds
Ethos Private Equity has secured an advisory contract to manage Ninety One’s Africa Private Equity Fund I and Fund II, effective on December 15, 2020. Ninety One will maintain control and oversight of the portfolio, while Ethos will oversee the day-to-day management of the assets. The two Ninety… Read More
Naspers Foundry Leads USD17m Series B for South African Agtech Aerobotics, FMO and AfricInvest Join
Naspers Foundry led a ZAR250m (approximately USD17m) Series B for South Africa-based agtech Aerobotics, with participation from FMO and Cathay AfricInvest Innovation Fund. Read more… Read More
TLG Exits Fuel Retail Chain BAJ Stations Uganda
TLG Capital has exited its investment in Uganda-based fuel retail chain BAJ Stations Uganda for an undisclosed amount. TLG originally invested in the company in 2017 through its Credit Opportunities Fund. Read more… Read More
DFC Invests USD300m in Africa Data Centres
The US International Development Finance Corporation invested USD300m in Africa Data Centres, the data storage arm of Johannesburg-based Liquid Telecom, a company controlled by Zimbabwe’s Econet Group. Read more… Read More
I&P Invests Pre-Series A for Ivorian Mobile Video Content Startup StarNews
Investisseurs & Partenaires (I&P), through its fund I&P Afrique Entrepreneurs 2, has invested in an undisclosed pre-Series A for Ivory Coast-based mobile video content startup StarNews. Read more… Read More
Helios Acquires 35% Stake in Discount Grocery Retailer BIM Morocco at USD200m Valuation
Helios Investment Partners has acquired a 35% stake in the Moroccan subsidiary of Turkey-based discount grocery retailer BIM at a reported USD200m valuation. Read more… Read More
EAV Leads USD14m Series A for Kenyan Energy Startup SunCulture
Energy Access Ventures (EAV) led a USD14m Series A for SunCulture, a Kenya-based provider of solar power systems, water pumps, and irrigation systems for smallholder farmers, with participation from Acumen Capital Partner, Dream Project Incubators, and Électricité de France. Read more… Read More
EXEO Capital Invests in Kenyan Ice Cream & Chocolate Brand Glacier Products
EXEO Capital, through its Agri-Vie Fund II, has invested an undisclosed amount in Glacier Products, the Kenya-based producer of ice-cream and chocolate brand Dairyland. The transaction is subject to regulatory approvals. Read more… Read More
AIIM Completes USD80m Capital Increase for AIIF3
African Infrastructure Investment Managers (AIIM) has completed a USD80m capital increase for AIIF3, its pan-Africa infrastructure fund, bringing the total capital committed to the vehicle to USD400m. Read more… Read More
(default archive template)