Old Mutual Alternative Investments (OMAI), through its Hybrid Equity fund, invested ZAR420m (~USD24m) to increase its stake in Mulilo, a South Africa-based renewable energy independent power producer. Hybrid Equity has been a shareholder in Mulilo since 2015. Read more… Read More
Global Ventures’ Nclude fund led a USD3m seed round for OneOrder, an Egypt-based restaurant supply chain platform, with participation from A15 and Delivery Hero Ventures. Read More… Read More
Quona Capital and FinTech Collective led a USD3m seed round for Orda, a Nigeria-based provider of software solutions for small and medium-sized restaurants, with participation from Outside VC and Far Out Ventures, and follow-on from LoftyInc Capital, Enza Capital and Norrsken Foundation. Read more… Read More
African Infrastructure Investment Managers (AIIM), through its South African IDEAS Fund and AIIF4, agreed to invest USD90m in NOA Group, a South Africa-based developer of large-scale energy generation utilizing wind, solar and storage technologies. Read more… Read More
Amethis exited Morocco-based commercial bank CFG Bank, selling a majority of its shares to current shareholders. Read more… Read More
Mediterrania Capital Partners exited Morocco-based IT services provider MedTech Group, through a management buyout. Mediterrania first invested in MedTech Group in June 2016 through its MC II fund. Read more… Read More
LoftyInc Capital Management reached a USD14m final close for LoftyInc Afropreneurs Fund 3 (LAF3), an early-stage vehicle investing in African entrepreneurs. Read more… Read More
Raed Ventures and Nclude led a USD8m seed round for Grinta, an Egypt-based pharmaceutical supply chain platform, with participation from Endeavor Catalyst and 500 Global. Read more… Read More
African Infrastructure Investment Managers, through AIIF4, agreed to acquire a 74% stake in two lots of the Kenyan government’s Road Annuity Programme. Read more… Read More
Helios Investment Partners agreed to acquire a majority stake in Morocco-based Maroc Datacenter. Helios recently announced an agreement to acquire Kenya-based IXAfrica Data Centre. Read more… Read More
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