Stears, a financial data and software company focused on African markets, has released its Private Capital in Africa Report: Q3 2024, revealing a notable trend in single-country investments as private capital continues to drive investment activity on the continent.
Mergence Investment Managers (Lesotho) has acquired the remaining 51% of the shares in Sanlei Premium Trout, an integrated aquaculture producer of Africa’s largest sushi-grade trout.
GuarantCo, a Private Infrastructure Development Group (PIDG) company, has strengthened its Investment team with the appointment of Dave Chalila as Head of sub-Saharan Africa. In this new role, Dave will be responsible for the growth and management of a portfolio of sustainable infrastructure projects in lower income countries across the region. He will be based in PIDG’s Nairobi office.
Phatisa, through Phatisa Food Fund 2, Masimong through Masimong Chemicals and Sabvest through Sabvest Finance and Guarantee Corporation have agreed to sell their collective 100% interest in Rolfes Holdings, a South African based food ingredients and diversified chemicals provider to Solevo. a pan-African speciality chemicals distributor.
Pan-African venture capital firm Janngo Capital, one of the very few female-founded, owned and led venture capital firms in Africa, has announced the final closing of its second fund at $78m, 20% beyond its initial target.
Ninety One, a global investment manager with $162bn assets under management, has launched a Sovereign Biodiversity Index, which provides a quantitative way for investors to assess nature and biodiversity risks at the national level.
Development Partners International’s African Development Partners (ADP) III fund, has led a $110m Series C investment in Moniepoint, Africa’s fastest-growing fintech company.
BasiGo, a provider of electric bus solutions in sub-Saharan Africa, has announced the successful closing of a $42m in new capital.
Kalon Venture Partners has invested an undisclosed sum in visionAI, a leader in artificial intelligence and computer vision solutions,
The SA SME Fund, the Department of Science and Innovation (DSI), along with its entity, the Technology Innovation Agency (TIA), and impact investor E Squared Investments have launched a R300m Seed Fund of Funds aimed at providing critical early-stage capital to startups.
