Sahel Capital, an investment manager focused on the food and agriculture sectors across sub-Saharan Africa, has successfully closed a $2.4m working capital loan to Kuapa Kokoo through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
British International Investment (BII), the UK’s development finance institution and impact investor, and Alexforbes Investments (Alexforbes), South Africa’s largest multimanager, have each committed R500m to the Revego Africa Energy Fund.
The Private Infrastructure Development Group (PIDG), through its project development solution, InfraCo has exited its preference share investment in InfraCredit Nigeria for $26m, achieving a strong return despite challenging macroeconomic conditions.
Canada’s bilateral Development Finance Institution, FinDev Canada, has announced a $15m loan to Lendable MSME Fintech Credit Fund II SCSp, SICAV-RAIF, a 7-year global-focused debt fund with a target size of $250m.
XSML Capital has reached the final close of its fourth vehicle, African Rivers Fund IV, at $142m, surpassing its $135m hard cap.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has committed €40m in sustainability-linked financing to Cabo Verde Airports to support the second phase of a landmark programme to expand, modernise, and decarbonise seven airports across Cabo Verde.
Development Partners International, an investment firm focused on Africa, has announced that ADP II Holding 7 L.P (ADP II), one of the investment vehicles of African Development Partners II, DPI’s second flagship fund, sold its 20.17% stake in Atlantic Business International (ABI) to Banque Centrale Populaire Group (BCP).
Adenia Partners, a private equity firm focused on growth opportunities in Africa, has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital Partners, an Africa-focused private equity firm, alongside Dr. Sherif Bassiouny, Chairman of Parkville, and Dr. Mahmoud Farrag, CEO of Parkville.
FSD Africa Investments (FSDAi), a UK-backed specialist financial sector investor, has announced a $7.5m investment in the Ci-Gaba (Progress) Fund, a Ghanaian-domiciled fund of funds designed to mobilise pension capital into private equity and private debt investments across Ghana and West Africa.
Cartesian Capital, a boutique South African 100% black female owned asset management firm, has announced the listing of an Actively Managed Exchange Traded Fund (AMETF) and an Actively Managed Certificate (AMC) on the Johannesburg Stock Exchange (JSE).
