Phatisa has invested in Torre Equipment Africa (TEA), a pan-African equipment distributor with operations in Côte d’Ivoire, Ghana, Liberia, Sierra Leone, Cameroon and Botswana, among others.
Denham Capital, a global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, have partnered to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020.
PEG, an off-grid solar company in Ghana, has closed a $4.3m A-2 round, led by Energy Access Ventures, that also includes Blue Haven Initiative, as well as follow-on investment from existing investors, Investisseurs & Partenaires (I&P) and Engie Rassembleurs d’Energies.
Injaro Agricultural Capital Holdings (IACH), through its Ghanaian subsidiary Injaro Agricultural Venture Capital (IAVC), has invested in Gold Coast Fruits (GCF), a Ghanaian pineapple exporter based in Accra.
Yellowwoods Capital Holdings has acquired a significant shareholding in DataProphet, a Cape Town-based machine learning startup.
InfraMed, a €385m long-term investment vehicle dedicated to infrastructure, has agreed to acquire a 21% stake in ‘Broadband for Africa’, the venture set up by Eutelsat Communications to provide satellite broadband services on the African continent.
Accel Partners, an early and growth-stage venture capital firm, powering a global community of entrepreneurs, has led a $1.7m seed financing round for Instabug, Egypt-based provider of software bug reporting tools.
InVenfin, a venture capital arm of Remgro Group, has acquired a stake in De Villiers Artisan Chocolate (DV Chocolate), a South African bean-to-bar artisan chocolate maker.
South African private equity firm Ethos has announced a divestment from Brandcorp Holdings, a distributor of industrial and consumer products, to the Bidvest Group.
Despite the challenges that currently face South Africa, the private equity and venture capital industry remains confident in the depth and breadth of skill in the local investment industry, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
Pecora Capital, a US based global macro investment management firm, has announced its intentions to raise $2bn over the next 18 months for Nigerian infrastructure projects.
NBK Capital Partners has held a first close for NBK Capital Partners Mezzanine Fund II at $110m, driven by strong demand from institutional investors and family offices.
Helios Investment Partners has announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, a fund advised by Helios Investment Partners.
South African venture capital firm 4Di Capital has announced the first closing of R256m ($16.96m) in initial commitments for a new technology venture capital fund.
