Verdant Capital Hybrid Fund, managed by Verdant Capital, has completed an additional investment of $4.5m in LOLC Africa Singapore.
A consortium led by Actis, a global investor in sustainable infrastructure, has completed the acquisition of a 100% stake in Swiftnet, a telecom tower portfolio in South Africa, from Telkom for an enterprise value of c. $370m (R6.75bn).
Janngo Capital, with participation from SANAD Fund for MSMEs (managed by Finance in Motion), Partech, Oikocredit, Enza Capital and Y Combinator, have invested $17m in Djamo, a financial services app revolutionizing mobile banking in francophone Africa.
Alitheia Capital and Goodwell Investments have announced the first exit of their joint uMunthu Fund - Baobab Nigeria, a financial institution creating meaningful impact in sub-Saharan Africa by providing inclusive banking services to individuals and MSMEs in underserved areas.
Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising startups across Sub-Saharan Africa, as well as LATAM, MENAP, and other high-growth regions of the company’s presence.
The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA) and Africa50 have launched a $500m DRE Nigeria Fund to develop and finance distributed renewable energy (DRE) projects in Nigeria.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has announced a $45m funding contribution to CrossBoundary Energy Holdings.
Summit Africa, a specialist black-owned and managed impact investment manager and licensed financial services provider, has launched Summit’s Private Equity Fund II (SPEF II) with a $20m (c.R355 million) anchor investment by British International Investment (BII), the UK’s development finance institution and impact investor.
African Transition Acceleration Fund (ATAF 1), managed by African Infrastructure Investment Managers (AIIM), is the newest pan-African investment vehicle, designed to support Africa’s energy transition.
Alterra Capital Partners has announced a strategic investment in ARP Africa Travel Group (ARP Africa), partnering with the founding family to accelerate expansion across East Africa and beyond.
Kholo Capital Mezzanine Debt Fund I has reached final close at R1.4bn in commitments to make long-term mezzanine debt investments in small and medium sized businesses in South Africa, Botswana, Namibia, Lesotho and Swaziland.
Futuregrowth Asset Management has led a $3m funding round in CubeSpace, a South African provider of satellite Attitude Determination and Control Systems (ADCS).
InfraCo Africa has agreed to sell its 25% stake in Golomoti JCM Solar Corporation to Old Mutual Infrastructure Investment Trust Fund (Malawi), which sits within Old Mutual Investment Group’s Alternative Investments capability.
Apis Growth Fund I, a private equity fund managed by UK-based asset manager Apis Partners Group (UK), has signed binding agreements to sell its full stake in Baobab, an African financial services provider specialising in supporting small and medium-sized enterprises (SMEs).
