EBRD has committed an additional USD10m to SPE AIF I, after investing USD20m in 2019. The fund is managed by SPE Capital Partners and targets investments in Egypt, Jordan, Morocco, and Tunisia. Read more… Read More
Lorax Capital Partners has reached a USD140m first close for Lorax Capital Partners Fund II, a vehicle focused on supporting SMEs in Egypt. EBRD and EIB recently committed a combined USD72m to the fund, with EBRD investing USD50m and EIB USD22m. Read more here and here… Read More
Comoé Capital, an Africa-focused impact investment fund sponsored by Investisseurs & Partenaires, has exited Côte d’Ivoire-based publishing house Vallesse Editions. Read more… Read More
AfricInvest Private Credit has agreed to provide a trade finance facility to Rwanda-based Africa Medical Supplier. Terms and size of the investment are undisclosed. Read more… Read More
GSV Ventures has invested USD7m in South Africa-based edtech Valenture Institute. Read more… Read More
Sawari Ventures has invested in a USD5m pre-Series A for Elves App, an Egypt-based AI-powered concierge app for on-demand services. Read more… Read More
The Agri-Business Capital Fund (ABC Fund), a vehicle managed by Bamboo Capital Partners in partnership with Injaro Investments, has invested a combined EUR1.2m (approximately USD1.4m) in Ghana-based tubers and vegetables processor Maphlix and in Burkina Faso-based cashew nut processor Anatrans. Read more… Read More
Naspers Foundry, Nasper’s early-stage tech investment vehicle, has made an undisclosed investment in Food Supply Network, a South Africa-based B2B marketplace that integrates ordering systems of manufacturers, distributors, and buyers of food products. Read more… Read More
Helios Investment Partners has launched Africa Specialty Risk Group (ASR), a reinsurance business, in partnership with AXA Africa Specialty Risks former CEO Mikir Shah and Bryan Howett, the former CEO of Old Mutual’s pan-African reinsurance operations. Helios is investing in ASR through its latest fund, Helios Investors IV. Read More
FMO has committed USD10m to XSML’s African Rivers Fund III, a vehicle targeting investments in SMEs in Central and Eastern Africa which reached a USD54m first close in September 2020. Read more… Read More
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