Helios To Invest USD50m in Kenya’s IXAfrica
Helios Investment Partners agreed to invest USD50m in IXAfrica, a Kenya-based data center developer and operator. Read more… Read More
BlueOrchard and OP Financial To Provide USD20m Debt for Africa Mobile Networks
Africa Mobile Networks, a UK-based telecom provider focused on rural Sub-Saharan Africa, agreed to raise USD20m in debt from BlueOrchard Sustainable Assets Fund and OP Finnfund Global Impact Fund I, a vehicle managed by OP Financial and anchored by Finnfund. Read more… Read More
Vantage Capital | Vumatel
In April 2016, Vantage Capital invested ~USD17m in Vumatel, a South Africa-based housing fiber-to-the-home (FTTH) network provider used by accredited internet service providers to supply broadband services to their customers. With Vantage Capital’s support, Vumatel had grown from 600 kilometers to over 19,000 kilometers of fiber… Read More
BOND Leads USD150m Series B for Algeria’s Yassir
BOND led a USD150m Series B for Yassir, an Algeria-based super app focused on Francophone Africa, with participation from DN Capital, Dorsal Capital, Quiet Capital, Y Combinator, Spike Ventures (formerly Stanford Alumni Ventures) and others. Read more… Read More
Mediterrania Exits Tunisia’s GSRD
Mediterrania Capital Partners exited Tunisia-based private education company Groupe Scolaire René Descartes (GRSD), through a management buyout. Mediterrania first invested in GSRD in January 2018 through its second fund. Read more… Read More
Egypt’s Money Fellows Raises USD31m Series B Led by CommerzVentures, MEVP and Arzan VC
Money Fellows, an Egypt-based fintech enabling community lending, raised a USD31m Series B led by CommerzVentures, Middle East Venture Partners and Arzan VC, with participation from Invenfin, National Investment Company, 4DX Ventures and P1Ventures, as well as follow-on from Partech and Sawari Ventures. Read more… Read More
Sanabil Investments Leads USD40m Series A for Egypt’s Classera
Sanabil Investments led a USD40m Series A for Classera, an Egypt-based edtech focused on emerging markets, with participation from Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures. Read more… Read More
BII & Others Invest USD200m in African Forestry Impact Platform (AFIP)
African Forestry Impact Platform (AFIP) raised USD200m from New Forests, BII, Norfund and Finnfund, and announced its first investment, an acquisition of Green Resources, the largest East Africa-based forest development and wood processing company. Read more… Read More
Emso Asset Management Provides ~USD15m Debt Financing for Nigeria’s Moove
Emso Asset Management provided EUR15m (~USD15m) in debt financing for Moove, a Nigeria-based vehicle financing platform for rideshare workers. Read more… Read More
Egypt’s MaxAB Raises USD40m Pre-Series B
MaxAB, an Egypt-based B2B food and grocery delivery platform, raised USD40m from ADQ, BII and Silver Lake, with follow-on from 4DX Ventures, Flourish Ventures, Beco Capital and Africa Platform Capital. Read more here and here… Read More
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