Amethis Acquires Minority Sake in Cote d’Ivoire’s SIBM
Amethis acquired a minority stake in SIBM, a manufacturer of precast concrete products in Côte d’Ivoire, for an undisclosed amount. Read more… Read More
B Capital Group Leads USD250m Series D for Africa-focused Flutterwave
B Capital Group led a USD250m Series D for Flutterwave, a digital payments platform for African businesses, at a USD3b reported valuation, with participation from Alta Park Capital, Whale Rock Capital and Lux Capital, and follow-on from Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital and Salesforce Ventures. Read More
COTU Ventures Leads USD3m Investment for Egypt’s MoneyHash
COTU Ventures led a USD3m investment for Egypt- and US-based fintech and payment management solutions provider MoneyHash, with participation from VentureSouq, VentureFriends, Nuwa Capital, The Continent Venture Partners, First Check Africa and angels. Read more… Read More
OMAI Acquires 34% Stake in South Africa’s Actom From Actis
OMAI acquired a 34.34% stake in the holding company of South Africa-based electrical equipment maker Actom from Actis. Read more… Read More
Spruce House Leads USD21m Series A for South Africa’s Stitch
Spruce House led a USD21m Series A for Stitch, a South Africa-based fintech API platform, with participation from PayPal Ventures, TrueLayer, firstminute Capital, Raba Partnership, CRE VC and Village Global. Read more… Read More
Global Ventures and Ventures Platform Lead USD1m Round for Nigeria’s Remedial Health
Global Ventures and Ventures Platform led a USD1m round for Nigeria-based healthtech Remedial Health, with participation from Ingressive Capital, Voltron Capital and angels. Read more… Read More
Enko Capital Increases Stake in South Africa’s NETIS
Enko Capital increased its stake in South Africa-based telecom infrastructure company NETIS to 75.6%. The deal, which is being financed by a combination of equity, mezzanine financing and senior debt supplied by EAPEF, Investec and Ninety One, is valued at ~USD30m. Read more… Read More
Ninety One’s EAIF Invests USD20m in USD420m Bond Issued by AXIAN Telecom
Ninety One’s EAIF invested USD20m in a USD420m bond issued by AXIAN Telecom, an African provider of telecommunications, mobile money services and digital infrastructure. CDC, DEG and IFC also invested in the bond. Read more… Read More
Novastar Leads USD4.3m Seed Round for Kenya’s BasiGo
Novastar Ventures led a USD4.3m seed round for Kenya-based EV startup BasiGo, with participation from new and existing investors including Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital and Third Derivative. Read more… Read More
Tiger Global, BECO and Prosus Ventures Lead USD20m in Series A for Egypt’s Thndr
Tiger Global, BECO Capital and Prosus Ventures led a USD20m Series A for Egypt-based fintech Thndr, with participation from Base Capital and firstminute, and follow-on from Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO. Read more… Read More
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