Swedfund has invested USD1m in Kasha Global, an e-commerce platform with subsidiaries in Rwanda and Kenya that enables access, education, and confidential distribution of women’s contraceptives, menstrual and health products, primarily to underserved women. Read more… Read More
Secha Capital Partners has reached an undisclosed first close for its second fund, an impact fund targeting early-stage investments in South Africa. The vehicle, which targets USD30m, reportedly expects to reach a final close in October 2021. Read more… Read More
AfricaGrow, a fund of funds established by KfW Development Bank and Allianz Global Investors, has committed EUR15m (approximately USD17.5m) to SPE AIF I, a fund managed by SPE Capital Partners targeting investments in Egypt, Jordan, Morocco, and Tunisia, and EUR15m to Cathay AfricInvest Innovation Fund (CAIF), a pan-African… Read More
Stripe has agreed to acquire Paystack, a Nigeria-based fintech backed by Beenext and Ingressive Capital, for a reported USD200m+. The terms of the deal are undisclosed. Read more… Read More
SEAF Morocco Growth Fund acquired an undisclosed stake in Deepsense, a biometrics security company providing an instant identity verification solution that detects online fraud attempts. Read more… Read More
AIIM, through its IDEAS Managed Fund, has made a second investment in South Africa-based Phakwe Group to support the company’s acquisition of Witkop Solar Park, a 30MW solar photovoltaic facility in South Africa. Through the deal, Phakwe has increased its stake in Core Energy, a South Africa-based independent… Read More
Actis has agreed to acquire a controlling stake in South Africa-based fiber network operator Octotel at an enterprise valuation of ZAR2.3b (approximately USD140m). At the same time, Actis has also agreed to acquire a minority stake in South Africa-based internet service provider RSAWEB. The two investments, both pending… Read More
TLG Capital has acquired a 49% stake in Uganda-based commercial bank Opportunity Bank Uganda (OBUL) through its Credit Opportunities Fund. TLG is now the largest shareholder of OBUL as a result of the transaction. Read more… Read More
Proparco and Bpifrance have announced the launch of Averroès Africa, their fourth fund of funds dedicated to African funds investing in startups and SMEs in Africa. The vehicle has an initial target size of EUR100m (approximately USD118m), with a EUR55m (approximately USD65m) first close expected by the end… Read More
Private Infrastructure Development Group (PIDG), Ninety One’s EAIF, and Proparco have agreed to provide USD100m in financing to Mauritius-based telecommunications company West Indian Ocean Cable Company (WIOCC). PIDG and EAIF will provide USD40m, while Proparco will be lending the remaining USD60m. Read more… Read More
(default archive template)