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.
Algebra Ventures, a Egyptian venture capital firm, has raised $40m of its $50m target for the Algebra Capital, a tech-focused venture capital fund.
Mergence Investment Managers, an independent majority black-owned boutique asset management company, has made its first investment into the South African social housing sector.
Mediterrania Capital Partners has announced the acquisition through its second fund, Mediterrania Capital II, of a stake in MedTech Group, Morocco’s IT business system integrator incorporating solutions from corporations such as Oracle, Microsoft, NCR, Alcatel-Lucent, Cisco, EMC and IBM.
Convergence Partners, an investment management firm focused on the telecommunications, media and technology sector in Africa, has invested $1m in a South African technology start-up, Snapt.
Actis has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target.
Kipeto Energy has signed a 20-year Purchase Power Agreement (PPA) with Kenya Power (KPLC), representing a significant milestone for the development of the 100-megawatt (MW) wind power project in Kenya.
MCB Equity Fund has successfully exited Speedy, an automotive fast-fit services in France to Bridgestone EMEA, a subsidiary of the Tokyo-based Bridgestone Corporation.
Belelani Capital, a Broad Based Black Economic Empowerment (BEE) company, has acquired a 24% shareholding in Pareto (Pareto Limited and Business Venture Investments No. 1360) from the Government Employees Pension Fund (GEPF).
BUSINESS/PARTNERS, a risk financier for SMEs in South Africa and selected African countries, seeks to invest in excess of R1.2bn in SMEs during the 2016/2017 financial year.
Tembo Capital, a mining-focused private equity fund group, has agreed to invest $6.6m in Strandline Resources to ensure that the firm is fully funded to advance its portfolio of high value Tanzanian mineral sands projects over the next two years.
The Mara Group, Atlas Merchant Capital and General Electric have announced an initiative to create a joint venture dedicated to investing in the highly underdeveloped African infrastructure sector.
Barnstone Education and the Schools and Education Investment Impact Fund South Africa have announced an additional investment as part of the second phase of the Prestige School project, which will fund the development and operations of six Prestige College affordable independent schools.
Africa’s largest private sector investment manager, Old Mutual Investment Group has increased its overall effective equity stake in African agriculture investment group, UFF African Agri Investments, to 49%.
