Scalar International and Mergence Investment Managers have announced the launch of a $150 million private equity fund to finance clean energy and digital infrastructure in sub-Saharan Africa.
Inspired Evolution, a Pan-African private equity firm specializing in clean energy infrastructure, energy access and energy transition investments, has announced the final close of its Evolution III Fund on March 3, 2025, securing total commitments of $238m.
AfricInvest through their Cathay AfricInvest Innovation Fund (CAIF) has led a $4m investment round in PayTic with participation from Build Ventures, Axian Group, Mistral, Island Capital Partners, and Concrete.
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.
