GuarantCo, part of the Private Infrastructure Development Group (PIDG), has partnered with Symbiotics to arrange a $20 million debt facility for Robust International to finance a cashew processing plant and related infrastructure in Côte d’Ivoire.
Ninety One has closed its third Africa Credit Opportunities Fund (ACO3) with $404 million in commitments, including leverage, from institutional investors across Africa, Europe, the UK, US and Canada.
Convergence Partners has led the Series C funding round for Yellow, a fintech providing asset-backed credit for smartphones and off-grid solar products across sub-Saharan Africa.
A.P. Moller Capital is set to acquire a majority stake in Moroccan transportation and logistics company Globex Investissement through its Emerging Markets Infrastructure Fund II and APM Capital Morocco Fund.
Sango Capital has been appointed to manage approximately US$460 million in committed capital across three African private equity fund portfolios following a management change initiated by a consortium of institutional limited partners.
Circle Ventures, the corporate venture arm of Circle Internet Group, has made a strategic investment in African payments technology company Flutterwave to support the expansion of USDC settlement across its payments platform.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has provided a US$30 million senior secured corporate loan to Hassan Allam Utilities to support renewable energy development in Egypt.
Adenia Partners has acquired a majority stake in Minet Group, one of Africa’s largest independent insurance brokerage and risk advisory firms, from private equity investor Capitalworks.
4G Capital, a fintech focused on financing small businesses in Africa, has surpassed US$1 billion in loans disbursed to entrepreneurs across Kenya and Uganda.
The Private Infrastructure Development Group (PIDG) has announced that Taranis Operations has signed a convertible loan agreement with the Corbetti Geothermal project in Ethiopia, marking the first step in a broader partnership that could see Taranis invest up to $27 million in equity into the project.
A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II), has signed an agreement via a special purpose vehicle to acquire Mainstream Renewable Power South Africa, a leading renewable energy developer and independent power producer.
Holocene has announced the final close of Holocene Ventures Fund I (HVF1), which it describes as Southern Africa’s first dedicated high-growth climate technology fund, marking a milestone for the region’s emerging climate innovation ecosystem.
AHL Venture Partners has announced the first close of its AHL Africa Credit Fund I at $30.5 million, less than a year after launching the fundraising process.
Aruwa Capital Management has completed an investment in Sika Financial Group, a financial market infrastructure company focused on clearing, settlement, liquidity and market data services for cross-border transactions across Africa and other emerging markets.
