Beyond Capital Ventures Leads USD2m Round for Uganda’s XENO
Beyond Capital Ventures led a USD2m seed round for XENO, a Uganda-based investment management platform. Read more… Read More
Harith To Launch USD300m Pan-African Renewable Energy Fund
Harith General Partners announced the launch of a USD300m Pan-African Renewable Energy Fund to invest in renewable energy projects throughout Africa. Energy provider Anergi Group will partner to provide project development expertise and resources. Read more… Read More
ARCH EM, Bank of America and Microsoft Climate Innovation Fund Commit USD25m To Africa’s CrossBoundary Energy Access
ARCH Emerging Markets Partners, Bank of America and Microsoft Climate Innovation Fund committed USD25m to CrossBoundary Energy Access (CBEA), an Africa-based solar powered mini-grid project financing facility. CBEA also received an additional USD25m debt commitment. Read more… Read More
Launch Africa Ventures Reaches USD36.3m Final Close for Early-stage VC Fund
Launch Africa Ventures reached a USD36.3m final close for its first fund. The vehicle will invest in early-stage B2B and B2B2C startups across Africa. Read more… Read More
DFC Commits USD40m to Africa Funds
DFC has agreed to invest a combined USD40m to two Africa-focused funds, including USD25m to West Africa-focused PE fund Uhuru Growth Fund I and USD15m to women-led tech-focused vehicle Norrsken22 Africa Fund. Read more… Read More
Red Med Reaches ~USD30m First Close for Morocco PE Fund
Red Med Capital reached a MAD300m (~USD30m) first close for Columbus I. The PE fund, which has a MAD1.1b (~USD110m) target, will invest in Moroccan businesses whose capitalization has been affected by the pandemic. Read more… Read More
AfricInvest and Proparco Lead USD8m Series A for Tunisia’s GoMyCode
AfricInvest, through its Cathay AfricInvest Innovation Fund, and Proparco led a USD8m Series A for Tunisia-based edtech GoMyCode, with participation from Wamda Capital. Read more… Read More
AIIM, Royal Bafokeng and SUEZ To Acquire South Africa’s EnviroServ From Rockwood
A consortium of investors comprising African Infrastructure Investment Managers, Royal Bafokeng Holdings and SUEZ agreed to acquire South Africa-based waste management company EnviroServ from Rockwood Private Equity for an undisclosed amount. Read more here, here and here… Read More
Proparco Commits USD12m to Africa-focused Maris
Proparco, through AFD Group’s FISEA+ initiative, committed USD12m to Maris Limited, an impact investor targeting investments in startups and SMEs in the renewable energy, agriculture and business services sectors in East and Southern Africa. Read more… Read More
Target Global Leads USD3m Seed Round for Nigeria’s Indicina
Target Global led a USD3m seed round for Indicina, a Nigeria-based credit infrastructure platform, with participation from Greycroft and RV Ventures. Read more… Read More
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