Quona Leads USD38m Debt and Equity Round for Egypt’s Khazna

Quona Capital led a USD38m debt & equity round for Egypt-based super app Khazna, with participation from Speedinvest, Nclude, Khawarizmi Ventures, Algebra Ventures, Accion Venture Lab, Disruptech, AB Accelerator by Arab Bank and CVentures. Lendable provided debt. Read more… Read More

A.P. Moller To Acquire Kenya’s Thika Power

A.P. Moller, through its Africa Infrastructure Fund I, agreed to acquire Kenya-based independent power producer Thika Power from Melec PowerGen and Africa Energy Resources for an undisclosed amount. Read more… Read More

SoftBank Leads USD40m Round for Kenya’s Apollo

SoftBank led a USD40m round for Kenya-based agtech Apollo, with participation from Chan Zuckerberg Initiative, Yara Growth Ventures, Endeavor Catalyst and CDC, and follow-on from Anthemis Exponential Ventures, Flourish Ventures, Leaps by Bayer, SBI, Breyer Capital and TO Ventures Food. Read more… Read More

Spark+ Africa Fund Reaches USD40m First Close

The Spark+ Africa Fund, an impact investment vehicle launched by Spark+, a joint venture between Enabling Qapital and Stichting Modern Cooking, reached a USD40m first close. The vehicle will finance clean and modern cooking solutions in developing markets. Read more… Read More

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