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
Norfund and Ethos Mezzanine Partners Invest USD25m in Kenya’s Balaji Group
Norfund and Ethos Mezzanine Partners invested USD25m in Balaji Group, a Kenya-based clothing manufacturer. … Read More
2023 Industry Data & Analysis
Private capital investment activity across GPCA’s markets remained strong by historical standards in 2022, with fund managers deploying USD208b. Overall deal value declined 22% from 2021, yet 2022 was still the second-highest on record. The drop-off over the course of 2022 was concentrated in late-stage VC and growth PE rounds,… Read More
2023 Trends in Global Tech
Overview GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central & Eastern Europe and the Middle East. Amidst a global tech correction, market volatility and geopolitical headwinds, overall VC investment fell by 33% from 2021’s record high, but startups… Read More
Kenya’s Workpay Raises USD2.7m Pre-Series A
Workpay, a Kenya-based HR payroll platform backed by YC, raised a USD2.7m pre-Series A from Launch Africa, Saviu Ventures, Acadian Ventures, Axian, P1 Ventures, Norrsken and others. Read More
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