Archive

I&P Invests in Madagascar’s Malakass

I&P, through its specialized investment unit Miarakap, invested an undisclosed amount in Malakass, a Madagascar-based agricultural company specialized in processing cassava into flour. Read more… Read More

I&P Exits Madagascar’s Ultramaille

I&P fully exited Ultramaille, a Madagascar-based textile company specializing in knitwear, for an undisclosed amount. Read more… Read More

Ninety One’s EAIF Provides USD35m Loan to Develop Kesses Solar Generation Project in Kenya

Ninety One’s EAIF provided a USD35m loan to Alten Kenya Solarfarms to develop the 40MW Kesses solar generation facility in Kenya. Read more… Read More

General Atlantic Leads USD40m Series B for Nigeria’s Reliance Health

General Atlantic led a USD40m Series B for Nigeria- and US-based healthtech Reliance Health, with participation from Partech, Picus Capital, Tencent Exploration, Asia Africa Investment and Consulting, P1 Ventures, Laerdal Million Lives Fund, M3 Inc. and Arvantis Social Foundation. Read more… Read More

Moody’s Acquires Carlyle-Backed Global Credit Ratings

Moody’s agreed to acquire a majority stake in Global Credit Ratings, a South Africa-based credit rating company backed by The Carlyle Group, in an all-cash deal. Read more… Read More

Ezdehar Management Reaches USD168m First Close for Second Egypt Fund

Ezdehar Management reached a USD168m first close for its Ezdeajr Egypt Midcap II fund, which will invest in SMEs across consumer and retail, business services, education, healthcare and manufacturing in Egypt. The fund has a USD180m target. Read more… Read More

Alta Semper-Backed Macro Group Raises ~USD81m in Private Placement on EGX

Macro Group Pharmaceutical, an Egypt-based cosmeceutical company backed by Alta Semper Capital, raised EGP1.28b (~USD81m) in a private placement on the EGX. Read more… Read More

NBK Provides USD10m Mezzanine Financing to Nigeria’s Moove

NBK, through NBK Capital Partners Mezzanine Fund II, provided a USD10m financing facility to Nigeria-based mobility fintech Moove. Read more… Read More

Chuangshi Capital, Yushi Capital, AfricInvest, Others Invest USD100m Series A for Nigeria’s PalmPay

Nigeria-based payments platform PalmPay raised a USD100m Series A in August 2021 from Chuangshi Capital, Yunshi Equity Investment Management, Trust Capital, Chengyu Capital and AfricInvest. Read more… Read More

DEG Commits USD21m to Vantage Capital IV

DEG committed USD21m to Vantage Capital IV, an Africa-focused mezzanine fund targeting investments in SMEs. Read more… Read More

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