AP Moller Capital has partnered with Olam International and Africa Finance Corporation (AFC) to invest in a West African ports and logistics platform managed by UK-based ARISE Ports & Logistics. AP Moller will invest via its Africa Infrastructure Fund and acquire a 43% stake in the platform, while… Read More
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management, provided EUR28m (USD 31m) in financing to Cote D’Ivoire-based Azito Energie as part of EUR330m (USD365m) round. Read more»… Read More
US-based VC firm Lateral Capital reached a first close for its first sub-Saharan Africa fund with USD50m in commitments, more than double the initial closing target of USD20m. The fund targets early-stage and growth-stage startups across Africa. Read more»… Read More
IFC has announced USD24m in financing to Moroccan fruit producer Zalar Agri as part of an effort to create jobs and spur export-led economic growth in rural Morocco. Read more»… Read More
UK development finance institution CDC Group committed USD15m to TLcom’s TIDE Africa Fund, a sub-Saharan African-focused VC supporting early-stage high-growth startups. Read more»… Read More
US-based VC firm Five Elms Capital invested a USD30m Series A in South African field sales management app Skynamo. Read more»… Read More
Greycroft and eVentures led a USD35m Series B in Flutterwave, a Nigerian payments fintech headquartered in California, with participation from Visa, Green Visor, CRE Venture Capital, Worldpay FIS, and Endeavor Catalyst. Flutterwave also signed commercial partnerships with Visa and FIS. Read more»… Read More
The Sovereign Fund of Egypt (TSFE) and global growth market investor Actis have signed a memorandum of understanding (MOU) to help attract and steer private investment into Egypt and to cooperate in energy and infrastructure projects. The fund has a paid-in capital of EGP1b (USD63.5m). Read more»… Read More
UK development finance institution CDC Group has announced the commitment of USD39.2m to Verod Fund III and Adiwale Fund I, West Africa-based private equity funds targeting SMEs in the region, with commitments of USD19.2m and USD20m respectively. Read more»… Read More
African Infrastructure Investment Managers (AIIM) invested USD54m from its pan-African infrastructure fund AIIF3 in two Nigerian gas assets from Savannah Petroleum, a UK-based oil & gas company. AIIM now has a 20% minority stake in gas field Seven Uquo Gas and a 20% minority stake in Accugas, which… Read More
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