I&P To Invest in Senegal’s Delta SA

I&P, through its fund I&P Afrique Entrepreneurs 2, has agreed to an equity investment in DELTA SA, a Senegal-based sanitation and construction company, for an undisclosed amount. Read more… Read More

IFC Leads ~USD92m Debt Financing Round for Senegal’s Wave

IFC led a EUR90m (~USD92m) debt financing round for Senegal-based fintech startup Wave Mobile Money. The financing included a EUR25m (~USD26m) IFC loan, EUR41m (~USD42m) in B loans from Symbiotics, Blue Orchard, responsAbility and Lendable and EUR24m (~USD25m) in parallel loans from Finnfund and Norfund. Wave became francophone Africa’s first… Read More

AIIM | Starsight Energy

In February of 2018, African Infrastructure Investment Managers (AIIM) invested an undisclosed amount for a 37.8% stake in Starsight Energy, a Nigeria-based provider of clean on-grid and off-grid energy services. With AIIM’s support, Starsight Energy is able to measure the unit economics of each deployment and ensure prices are… Read More

Vantage Capital Exits South Africa’s Alleyroads

Vantage Capital exited South Africa-based real estate development company Alleyroads for an undisclosed amount after providing an initial ZAR82m (~USD5m) in mezzanine financing in May 2020 for the development of Kayalane Heights, an affordable housing development in Limpopo province. Read more… Read More

Africinvest Exits Tunisia’s CFE

AfricInvest sold its stake in Tunisia’s microfinance institution Financial Center for Entrepreneurs (CFE)  after a seven-year investment to CFE chairman Radhi Meddeb for an undisclosed amount. AfricInvest and Développement International Desjardins established CFE in 2015. Read more… Read More

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