Amethis and Edmond de Rothschild Private Equity reached a EUR120m (~USD120m) final close for their second MENA-focused fund targeting majority and minority stake investments of EUR5-15m (~USD5-15m) in SMEs in Morocco, Egypt, Tunisia and Jordan. The fund received commitments from IFC, Proparco, EIB, EBRD, BII and private institutional investors. Read More
Women’s World Banking Capital Partners led a USD6m pre-series A for Pezesha, a Kenya-based provider of working capital to MSMEs, with participation from Verdant Frontiers Fintech Fund, cFund and Input Output Global. Read more… Read More
Global Ventures led a USD2.4m seed round for SubsBase, an Egypt-based subscription and revenue management platform, with participation from HALA Ventures, P1 Ventures, Plus Venture Capital (+VC), Plug and Play, Ingressive Capital, Camel Ventures and others. Read more… Read More
Ezdehar Management acquired a 60 percent stake in Egypt-based grocery retailer Zahran Market for EGP274m (~USD14.28m). Read more here and here… Read More
Africinvest, led a USD30m pre-series B for ArabyAds, an adtech platform founded in Egypt and headquartered in the UAE. Read more… Read More
Timon Capital led a USD15m Pre-series A for Omnibiz, a Nigeria-based B2B e-commerce platform, with participation from Ventures Platform, LoftyInc, Chapel Hill Denham, Chandaria Capital and Musha Ventures. Read more… Read More
Verdant Capital, through its Hybrid Fund, agreed to provide USD7m in subordinated debt to Watu Credit, a Uganda-based provider of two-wheeler financing for motorbike taxi drivers. Read more… Read More
Lori Systems, a Kenya-based logistics shipping platform, raised an undisclosed amount from Google, representing the third investment from Google’s USD50m Africa Investment Fund. Read more… Read More
Sango Capital acquired a controlling stake in Sotipapier, the Tunisia-listed paper packaging manufacturer, from SPE Capital Partners and other shareholders. SPE invested in the company in 2012 before spinning out from investment banking firm Swicorp and partially exited in Sotipapier’s 2014 IPO and through a dividend recapitalization in 2017. Read More
TLcom Capital led a USD5.5m seed round for Pastel, a Nigeria-based business management platform for SMEs, with participation from Global Founders Capital, DFS Labs, Ulu Ventures, Plug and Play, Golden Palm Investments and Soma Capital. Read more… Read More
(default archive template)