Vantage Capital has provided ZAR82m (approximately USD4.9m) in mezzanine financing to Alleyroads Group’s Kayalane Heights, a housing development project in South Africa. Read more… Read More
African investment firm Energy Access Ventures (EAV) has invested an undisclosed amount in Chad-based power and electrification company ZIZ Energie. Read more… Read More
Entrepreneurs for Entrepreneurs Africa (E4E Africa), a new venture capital fund that has officially launched in South Africa, has reached a ZAR135m (approximately USD8.1m) first close anchored by SA SME Fund. Read more… Read More
ASMA Invest has committed an undisclosed amount in SEAF Morocco Growth Fund. The vehicle, which was created as part of the InnovInvest Fund program managed by the Caisse Centrale de Garantie, invests in innovative startups and SMEs with high growth potential in Morocco. Read more… Read More
Novastar Ventures, AXA Impact Fund, FMO, and Mirova’s Land Degradation Neutrality Fund led a USD28m Series B for Kenya-based tech-enabled sustainable forestry company Komaza. Read more… Read More
Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi), and MSA Capital led a USD10m pre-Series B for Nigeria-based B2B e-commerce startup TradeDepot. Read more… Read More
International Finance Corporation (IFC) has agreed to provide up to USD319m in loans to four businesses in Africa. Specifically, IFC will provide loans of USD185m to The Standard Bank of South Africa, USD100m to Egypt’s Commercial International Bank, USD28.2m to NSIA Banque Côte d’Ivoire, and USD5.2m to Ghanaian… Read More
Helios Holdings Group, the holding company of Helios Investment Partners, and Fairfax Africa Holdings Corporation, an investment holding company traded on the Toronto Stock Exchange, have agreed to combine their businesses to create Helios Fairfax Partners, a pan-African investment firm. The transaction, which is expected to close in… Read More
Ninety One’s EAIF has agreed to invest up to XOF29.5b (approximately USD50m) in a XOF100b (approximately USD170m) bond issue in the Senegal business of West African telecom company Sonatel. Read more… Read More
LeapFrog Investments has agreed to acquire a 24% stake in Kenya-based insurer and asset manager ICEA LION through LeapFrog Strategic Africa Investments, a USD350m investment vehicle set up by LeapFrog and Prudential Financial. Read more… Read More
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