Africa

responsAbility Completes Mezzanine Investment in Nigeria’s Bisedge

responsAbility completed a mezzanine investment in Bisedge, a Nigeria-based provider of electric logistics solutions. Read More

DFC, IFC and Google Invest USD90m in Africa’s Cassava Technologies

DFC, IFC and Google invested USD90m in Cassava Technologies, an information and communications technology platform operating in over 30 countries across Africa. Read More

Africa50 IAF Receives Commitments from DBSA and Axian

Development Bank of Southern Africa and Axian agreed to invest in the Africa50 Infrastructure Acceleration Fund focused on investing in infrastructure assets to accelerate Africa’s green industrial revolution. Read More

Metier Invests in South Africa’s Blinkwater Meule 

Metier invested in Blinkwater Meule, a South Africa-based vertically integrated maize meal producer and retailer. Read More

African Capital Alliance Exits Nigeria’s Filmouse Cinema to Trivos

African Capital Alliance agreed to fully exit Nigeria-based movie theater chain Filmouse Cinema via a sale to Trivos Film and Media. Read More

EBRD Venture Capital Leads USD22m Series B+ for Egypt’s Paymob

EBRD Venture Capital led a USD22m Series B+ for Paymob, an Egypt-based digital payment solutions provider, with participation from Endeavor Catalyst, PayPal Ventures, Helios Digital Ventures, BII, FMO and others. Read More

BluePeak Private Capital

GPCA: What were the key drivers for launching BluePeak? What did the private credit landscape in Africa look like when first launching the firm and how has it evolved since… Read More

SPE Capital, EBRD, BII and Tanmiya VC Acquire Egypt’s Tamweely Microfinance for ~USD51.6m

SPE Capital, EBRD, BII and Tanmiya VC fully acquired Egypt-based non-bank financial company Tamweely Microfinance for EGP2.5b (~USD51.6m). Read More

EQ2 Ventures Leads USD1.55m Seed Extension Round for Kenya’s Sukhiba Connect

EQ2 Ventures led a USD1.55m seed extension round for Kenya-based CRM platform Sukhiba Connect, with participation from  Quona Capital, Accion Venture Lab and Musha Ventures, as well as follow-on from… Read More

Helios Digital Ventures Invests USD6m in Conduit

Conduit, a US-based cross-border payments platform, raised a USD6m seed extension from Helios Digital Ventures. The startup began offering payment solutions in Latin America last August and plans to expand… Read More

Adenia Exits Côte d’Ivoire’s OMOA Group to SPE Capital

Adenia Partners fully exited OMOA Group, a Côte d’Ivoire-based digital payment provider operating in West and Central Francophone Africa, via a sale to SPE Capital. Read More

AIIM Reaches USD748m Final Close for AIIF4

African Infrastructure Investment Managers reached a USD748m final close for its fourth Infrastructure Investment Fund focused on digital infrastructure, energy transition and mobility & logistics across Africa. Read More