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.
ARM-Harith Infrastructure Investments has announced the first close of its successor climate transition fund at approximately $76 million.
3IF Ventures, the first impact venture capital fund dedicated to Africa’s insurance start-up ecosystem, has announced the first close of its Inclusive Insurance Investment Fund at $12 million.
AfricInvest has launched a phased exit from its investment in SIPO Holding, the Mauritius-based holding company that controls Côte d’Ivoire’s Groupe Centaures, following a $16 million fundraising by the logistics and transport group.
Helios Investment Partners has agreed to sell its majority stake in Africa Specialty Risks (ASR) to Vitruvian Partners, marking the next stage in the development of the specialty insurance and reinsurance platform focused on Africa and other emerging markets.
