Verod Capital Acquires 65% stake in Nigeria’s i-Fitness from CardinalStone
Verod Capital acquired a 65% stake in Nigeria-based gym chain i-Fitness from CardinalStone for USD12m. CardinalStone first invested in the company in 2019. Read More
Verod Capital acquired a 65% stake in Nigeria-based gym chain i-Fitness from CardinalStone for USD12m. CardinalStone first invested in the company in 2019. Read More
Equator led a USD24m Series A for Roam, a Kenya-based EV manufacturer, with participation from At One Ventures, TES Ventures, Renew Capital and others. The round included USD10m in debt from DFC. Read More
Teyliom Finance, the financial services subsidiary of Côte d’Ivoire-based conglomerate Teyliom Group, received USD25m in financing, with USD20m from BluePeak Private Capital and USD5m from SwedFund. Read More
Old Mutual Alternative Investments provided ZAR125m (~USD6.5m) in financing for Afropulse Group, a South Africa-based investment holding company. Read More
Shamba Pride, a Kenya-based online-to-offline platform for farmers, raised a USD3.7m equity and debt pre-Series A from EDFI AgriFI and Seedstars Africa Ventures. Read More
Ezdehar acquired a minority stake in Egypt-based healthcare platform Yodawy for USD10m. Read More
Africa50 reached USD222.5m first close for its Infrastructure Acceleration Fund focusing on sustainable infrastructure sectors across Africa. First close investors include the African Development Bank and IFC. Read More
Affirma Capital led a USD145m investment in Copperbelt Energy Corporation, a Zambia-based incorporated power transmission, generation and distribution company via a single-asset continuation deal. Read More
Affirma Capital fully exited GZ Industries, a Nigeria-based aluminum cans manufacturer for global blue-chip beverage brands in Africa, via a sale to Oppenheimer Partners. Read More
Amethis, AfricInvest, IFC and Proparco acquired a majority stake in NETIS, a Côte d’Ivoire-based telecommunication and energy infrastructure service provider. … Read More
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