Kredete, a fintech company focused on helping African immigrants build credit and access financial services, has raised a $22m Series A funding round led by AfricInvest via their Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE) and Partech, with participation from Polymorphic Capital.
27four has launched LoanChomi, a national township-linked economy fund aligned with South Africa’s priorities for inclusive growth, job creation and broader economic participation.
British International Investment (BII), the UK’s development finance institution and impact investor, has announced a $7.5m debt investment in Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria.
FCMB Asset Management (FCMBAM) and TLG Capital have announced the full deployment of the oversubscribed ₦100 bn FCMB–TLG Private Debt Fund Series 1.
African Infrastructure Investment Managers (AIIM), through its IDEAS Fund, and Motseng Investment Holdings, have announced the formation of Motseng Ideas Infrastructure Group (MIIG).
Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD), a fund managed by Africa50, has announced the first close at $118m, marking a major milestone in accelerating the delivery of green infrastructure across the continent.
Bosquet Investments, the private investment vehicle of Alain Nkontchou, has acquired a 21.22% stake in Ecobank Transnational Incorporated (ETI) from Nedbank Group. This transaction remains subject to regulatory approvals.
Africa50, an investment platform established by African governments and the African Development Bank, has surpassed $1.4bn in managed assets.
The African Development Bank has signed a $850,000 grant agreement with Invest in Africa (IIA), a non-profit organization, to support the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal.
Creation Capital, a specialist private credit asset manager, has closed a R75m private debt investment into Quest Capital Solutions, an SME non-bank on-lender in the logistics sector.
Afriwise, Africa’s fastest-growing legal-intelligence platform, has acquired LawExplorer, South Africa’s most established provider of regulatory monitoring and analysis tools. “This is not just an acquisition. It’s a strategic leap forward for how companies in Africa manage regulatory change,” said Steven De Backer, CEO and Founder of Afriwise.
Africa Go Green Fund (AGG), managed by Cygnum Capital, has commited €15m debt facility to Kasada’s green-certified hotel development in Abidjan’s Angré district, Côte d’Ivoire.
Mediterrania Capital Partners (MCP), a private equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has invested in Dislog Dispositifs Médicaux (DDM) through a DM540 million capital increase together with CDG Invest Growth.
Charles Russell Speechlys has advised Miro Forestry Developments, a UK headquartered sustainable forestry and plywood manufacturer, operating from locations across West Africa, on its latest fundraising round.
Cape Town-headquartered venture capital firm HAVAÍC has announced the second close of its $50m African Innovation Fund 3.
Mergence Investment Managers has announced an additional R60m investment in Solarise Africa, a sustainable energy solutions company operating across the continent.
LeapFrog Investments has exited its stake from Goodlife Pharmacy, East Africa’s largest retail pharmacy platform, to CFAO Healthcare, a leading distributor of pharmaceutical and medical products in Africa.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has made an anchor investment in Axian Telecom's $600m 5-year bond issuance.
African Development Bank has approved a $40m equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300.
African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual Alternative Investments, through its IDEAS Fund, has successfully exited stakes in three prominent renewable energy assets, in a transaction valued at over R750m..
Satrix, a provider of index-tracking investment products in South Africa, has announced that it would further expand its offering into another African market.
British International Investment (BII), the UK’s development finance institution and impact investor, Zambia’s National Pension Scheme Authority (NAPSA) and Swedfund have joinly launched Growth Investment Partners Zambia (GIP Zambia), an investment company designed to provide long-term, flexible capital, primarily in local currency to small and medium-sized enterprises (SMEs) in Zambia.
