Old Mutual Private Equity (OMPE), through its OMPE Fund V, agreed to acquire South Africa-based investment company Long4Life for ZAR2.4b (USD278m). OMPE plans to delist the company. Read more… Read More
Nigeria-based mobility fintech Moove raised a USD105m Series A2 round comprising equity and debt from existing investors Speedinvest, Left Lane Capital and thelatest.ventures, with participation from AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital. Read more… Read More
Kuramo Capital Management acquired debt interests in Plantations et Huileries du Congo, the operator of three palm oil plantations in the Democratic Republic of Congo, from BIO, CDC Group, DEG and FMO via a secondary debt transaction. Read more… Read More
Katapult Climate and 216 Capital led a USD1.3m round for Wattnow, a Tunisia-based IoT smart energy management solution, with participation from Launch Africa Venture, Cross Boundary and Oman Technology Fund. Read more… Read More
Women-led VC Antler East Africa reached a USD13.5m final close for its new fund targeting investments in early-stage tech startups in Africa. Read more… Read More
DPI and CDC Group agreed to invest USD200m in KELIX Bio to fund the acquisition of Pharmaceutical Institute, a producer and distributor of generic and therapeutic pharmaceuticals headquartered in Morocco. Read more… Read More
Actis, Westbrook Investments and other shareholders agreed to sell their entire interest in Tapestry Home Brands, a South Africa-based D2C home furnishings company, to Johannesburg-listed The Foschini Group for ZAR2.35b (~USD150m). Read more… Read More
Insight Venture Partners led a USD32.8m round for Ghana-based payments app Dash, with participation from GFC, 4DX Ventures, ASK Capital, Techstars and Zinal Growth Partners. Read more… Read More
Green for Growth Fund and SANAD invested USD40m and USD35m, respectively, in Egypt-based Banque Misr. The bank aims to use the fresh capital to support MSMEs in Egypt and to provide green loans to corporates, SMEs and Egyptian households to finance renewable energy projects and energy efficiency measures. Read More
Emtech, an emerging markets digital infrastructure provider for central banks, raised a USD4m seed round from 500 Global, Noemis Venture, Octerra Capital, Consonance Invest, XFactor ventures, Canaan Partners and Andrew Lundsten (Stripe). The firm concluded a test pilot in Ghana last year. Read more… Read More
(default archive template)