Exponential, an innovation capability of JSE-listed MMI Holdings, has invested an undisclosed amount in Cape Town's disruptive tax start-up TaxTim.
African Rainbow Capital (ARC), a subsidiary of Ubuntu-Botho Investments (UBI), a broad based black empowerment investment holding company, has acquired an 18.14% equity stake in Metrofibre Networx.
TVM Capital Healthcare Partners has registered a new emerging markets-focused fund, TVM Healthcare III, which intends to raise $300m to invest in up to 12 healthcare companies in the MENA, India, and Southeast Asia.
Convergence Partners has acquired a significant minority stake in inQuba, a worldwide specialist in managed Customer Experience (CX) software, in order to accelerate its global expansion.
Helios Investment Partners, Pembani Group, First City Monument Bank and other minority shareholders have agreed the sale of Helios Towers Nigeria (HTN), a tower company in Nigeria, to IHS Towers (IHS), the largest telecommunications infrastructure provider in Africa, Europe and the Middle East.
There has been an increase in M&A; activity, especially in East and West Africa, as European multinationals search for opportunities to counter slowing growth at home, according to Fradreck Shoko, Head of Global Advisory for Standard Bank.
Ashburton Investments has raised just under $250m of the $450m final target at the first close of the RMB Westport Real Estate Development Fund II (Westport II).
AfricInvest, a pan-African mid-cap-focused private equity firm, has invested in Silafrica Plastics and Packaging International, an East African plastics and packaging group, via its AfricInvest Fund III.
Medu Capital, a South African private equity company focused on established medium sized owner-managed businesses, has acquired 100% ownership stakes in Universal Paints and Elite Truck Hire for a total of R450m ($29.32m).
AIIM Hydroneo, a 50/50 joint venture between African Infrastructure Investment Managers (AIIM) and Hydroneo Afrique, has announced plans to develop, finance, build and operate a number of hydroelectric power plants in Gabon.
The Agriculture Fast Track Fund (AFT), a multi-donor fund contributed by United States Agency for International Development (USAID), Danish International Development Agency (DANIDA), and Swedish International Development Agency (SIDA), has announced an Ongoing Call for Concept Notes for Project Grants.
Angola Capital Investments (ACI), an international investment firm headquartered in Angola, has invested an undisclosed amount in Sphera Bluoshen, a subsidiary of Oshen Group and part of Sphera Global Health Care.
With over $50bn of collected premiums each year across the continent, and unprecedented year-on-year growth, it is important that African insurers think more strategically at where they invest their portfolios, Papa Madiaw Ndiaye, Founder and CEO of AFIG Funds, has said.
Africa Internet Group (AIG), the parent of Jumia, an e-commerce platform in Africa, has secured more than €300m in funding from new and existing investors, including the previously announced funding commitment from AXA.
