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
Meridiam agreed to invest EUR135m (~USD149m) in Bus Rapid Transit, a Senegal-based new clean public transport network. Read more… Read More
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 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
Global Ventures has reached a first close for Nclude, a fund targeting investments in fintech startups operating in the Middle East and Africa region, with USD85m in commitments from Banque Misr, National Bank of Egypt and Banque du Caire. Read more… Read More
Global Ventures led a USD25m Series A for Egypt-based fintech app Lucky, with participation from PayU, Endeavor Catalyst, Venture Souq, OTF, Arzan Capital and Disruptech, and follow-on from existing investors and Lorax Capital Partners. Read more… Read More
LeapFrog Investments and Prudential Financial agreed to acquire a minority stake in Alexander Forbes Group Holdings, a South Africa-based provider of financial advice, retirement, investment and wealth management services. Read more… Read More
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
Lightrock invested a USD18.5m Series C for Kenya-based digital lender 4G Capital. Read more… Read More
Tiger Global and Avenir Growth Capital led a USD135m Series B for Wasoko (formerly Sokowatch), a Kenya-based B2B e-commerce logistics platform, with participation from Quona Capital, 4DX Ventures, VNV Global, Justin Mateen’s JAM Fund and others. Read more… Read More
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