Private investment fund manager One Thousand & One Voices (1K1V) has announced a recapitalization of Lesotho-based aquaculture company SanLei. As part of the transaction, Mergence Investment Managers has acquired a significant minority stake in the company on behalf of its Lesotho pension fund client. Read more… Read More
A group of investors including Sparkmind.vc, Finnfund, Cornerstone Enterprises, Aucfan Incubate, Seedstars International, Kepple Africa Ventures, and Barona invested USD3.86m in a Series A for Kenyan HRtech Fuzu. Read more… Read More
Impact investor Blue Haven Initiative led a USD3.6m Series A for Nigerian healthtech Field Intelligence with participation from Newtown Partners (via the Imperial Venture Fund), Accion Venture Lab, and others. Read more … Read More
Nairobi-based PE firm Ascent Capital has acquired Kenyan plastics manufacturing company Metro Plastics. Read more… Read More
Middle East- and Africa-focused fund manager Algebra Ventures led a seed round for Egypt-based fintech Khazna with participation from Accion Venture Lab. The size of the investment remains undisclosed. Read more… Read More
International Finance Corporation is the lead arranger for a EUR303m (approximately USD337.7m) debt financing package for Atinkou, a natural gas-fired power project in Côte d’Ivoire. The African Development Bank (AfDB), the Dutch development finance institution FMO, Germany’s Deutsche Investitions und… Read More
A consortium of investors including the International Finance Corporation, Prime Ventures, and Partech Africa invested USD9.6m in mobile payment company TerraPay. The capital injection came after Prime Ventures, Partech Africa, and company management acquired TerraPay for an undisclosed amount. TerraPay was incubated by India’s Comviva and has operations in Africa,… Read More
Actis has partnered with Nigerian conglomerate Jagal and acquired a majority stake in Nigeria-based data center Rack Centre. This investment is part of Actis’ plan to establish a USD250m pan-African data center platform. Read more… Read More
Mexico-based VC Liil Ventures led a USD7.5m Series A for South African mobility startup WhereIsMyTransport with participation from existing investors Global Innovation Fund and Goodwell Investments, as well as new investors Google, Nedbank, and Toyota Tsusho Corp. Read more… Read More
Tangerine Life Insurance, a portfolio company of West Africa-focused private equity fund manager Verod Capital Management, has acquired a majority stake in LeapFrog Investments’ ARM Life Insurance. Both companies are based in Nigeria. Read more… Read More
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