Verod Exits Tangerine APT Pensions
Verod, a West African private equity firm, has announced its successful exit from pensions fund administrator, Tangerine APT Pensions, to Verod’s minority partner, APT Securities and Funds.
Verod, a West African private equity firm, has announced its successful exit from pensions fund administrator, Tangerine APT Pensions, to Verod’s minority partner, APT Securities and Funds.
Accion has announced the final close of a $61.6m fund that will invest in early-stage fintech companies meeting the needs of financially underserved people globally.
Enabling Qapital, a Swiss-based impact asset manager, has invested $1.5m in Premier Credit Uganda, a subsidiary of The Platcorp Group, marking a major step on its mission to expand financial inclusion.
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.
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.
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.
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.
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.
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..