Egypt’s Kazyon Raises USD165 Equity Investment
Egypt-based discount supermarket chain Kazyon raised a USD165m investment from DPI, BII, South Suez and others. … Read More
Africa Startup Funding: Who is Getting Backed?
Africa’s tech ecosystem has attracted unprecedented levels of capital over the last several years, with VC investment reaching nearly USD3.2b in 2021 and USD2.8b in 2022. New geographies and tech verticals are also attracting attention despite the global tech correction, including adtech, cleantech, healthtech and proptech. While international VCs and… Read More
Logos Ventures Leads USD2.5m Seed Round for Senegal’s Chargel
Logos Ventures led a USD2.5m seed round for Chargel, a Senegal-based trucking logistics platform, with participation from Ventures Platform, Foundation Botnar, DFS Labs and Seedstars. Read More
DPI-led Consortium Acquires Cote d’Ivoire’s Solevo
A consortium of investors led by DPI acquired Solevo, a Cote d’Ivoire-based distribution platform for specialty chemicals, from Helios Investment Partners. South Suez and DEG co-invested in the buyout. Read More
Amethis and Diot-Siaci To Acquire Stake in Morocco’s ASK Gras Savoye Group
Amethis and Diot-Siaci agreed to acquire a stake in ASK Gras Savoye Group, a Morocco-based insurance broker and risk advisory company. Read More
Spotlight on Better Tech: Tricog Health
Company: Tricog Health Co-Founders: Dr. Charit Bhograj (CEO), Zainul Charbiwala (CTO) Headquarters: Singapore Markets of Operation: India, Southeast Asia and Africa Investors: Blume Ventures, Inventus Capital, University of Tokyo Edge Capital (UTEC), TEAMFund, Omron Health Care, Sony Sony Innovation Fund, SGInnovate, Aflac Global Ventures and Dream Incubator… Read More
DPI and Amethis Acquire Stake in Egypt’s Marcyrl
DPI and Amethis acquired a stake in Marcyrl, an Egypt-based pharmaceuticals manufacturer focused on specialty generic drugs. … Read More
BlackRock-backed Climate Finance Partnership Acquires Kenya’s Turkana Wind Power Limited
Climate Finance Partnership, a vehicle managed by BlackRock Alternatives, agreed to acquire Turkana Wind Power Limited, a Kenya-based wind farm. The deal will facilitate an exit for Finnfund. Read More
DPI | MNT-Halan
In August 2018, Development Partners International (DPI) invested USD45m in MNT Investments, an Egypt-based holding company combined by Mashroey and Tasaheel, firms that are both involved in the consumer finance and microfinance sectors. In September 2021, DPI supported the company in establishing MNT-Halan,… Read More
Mediterrania Capital To Lead USD71.9m Investment in Morocco’s Laprophan
Mediterrania Capital agreed to lead a USD71.9m investment in Laprophan, a Morocco-based pharmaceuticals company, with participation from Proparco, FMO, and DEG. The investment is pending approval from the Moroccan Competition Council. Read More
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