AFIG Funds and Norfund acquired Nouvelle Mici-Embaci, a Côte d’Ivoire-based industrial packaging and printing services provider, from agro-industrial conglomerate Groupe Carré d’Or. Read More
Actis agreed to sell BTE Renewables, a South Africa-based renewable energy platform, to ENGIE and Meridiam at an enterprise value of USD1b. Actis first launched the platform in 2017. Read More
Capitalworks exited South Africa-based boat manufacturer Robertson and Caine to Vox Ventures. Capitalworks first invested in the company in 2015. Read More
AXA Investment Managers Alts led a USD30m Series B for Helium Health, a Nigeria-based SaaS platform for healthcare providers, with participation from Capria Ventures, Angaza Capital, Anne Wojcicki (23&Me) and Flatworld Partners, as well as follow-on from Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI and AAIC. Read More
Health Finance Coalition reached a USD50m first close for its Transform Health Fund managed by AfricInvest. The vehicle will focus on investing in innovative models to improve access, affordability, resilience and quality of healthcare in Africa. Read More
GPCA’s Q1 2023 Industry Data & Analysis features in-depth data, commentary and analysis on key trends across global markets. Key insights: Private capital deal value across GPCA’s markets declined year over year in Q1 to USD21.8b as investor caution prevails. Market uncertainty also affected fundraising and exit… Read More
Amethis reached a EUR140m (~USD153.5m) first close for its third fund focused on impact investments in mid-sized companies in Africa. Read More
Egypt-based discount supermarket chain Kazyon raised a USD165m investment from DPI, BII, South Suez and others. … Read More
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 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
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