African Infrastructure Investment Managers (AIIM), through its South African IDEAS Fund and AIIF4, agreed to invest USD90m in NOA Group, a South Africa-based developer of large-scale energy generation utilizing wind, solar and storage technologies. Read more… Read More
Amethis exited Morocco-based commercial bank CFG Bank, selling a majority of its shares to current shareholders. Read more… Read More
Mediterrania Capital Partners exited Morocco-based IT services provider MedTech Group, through a management buyout. Mediterrania first invested in MedTech Group in June 2016 through its MC II fund. Read more… Read More
LoftyInc Capital Management reached a USD14m final close for LoftyInc Afropreneurs Fund 3 (LAF3), an early-stage vehicle investing in African entrepreneurs. Read more… Read More
Raed Ventures and Nclude led a USD8m seed round for Grinta, an Egypt-based pharmaceutical supply chain platform, with participation from Endeavor Catalyst and 500 Global. Read more… Read More
African Infrastructure Investment Managers, through AIIF4, agreed to acquire a 74% stake in two lots of the Kenyan government’s Road Annuity Programme. Read more… Read More
Helios Investment Partners agreed to acquire a majority stake in Morocco-based Maroc Datacenter. Helios recently announced an agreement to acquire Kenya-based IXAfrica Data Centre. Read more… Read More
Helios Investment Partners agreed to invest USD50m in IXAfrica, a Kenya-based data center developer and operator. Read more… Read More
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
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
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