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.
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.
Actis, a growth markets investor, has confirmed an agreement to sell Emerging Markets Payments (EMP), Africa and the Middle East payments business, to Network International, a provider of payment solutions in the Middle East.
Seven Energy International, an integrated gas company in south east Nigeria, has secured $100m in a new equity funding round from existing shareholders and other institutional investors.
Gulf Capital, an alternative investment firm in the Middle East, has partnered with Serengeti Capital, an Africa-focused investment bank, to expand its private debt business to Sub-Saharan Africa.
Gulf Capital's portfolio company Middle East Glass has acquired 100% of Misr Glass Manufacturing (MGM), a company that specialises in the manufacturing and marketing of container glass for the food and beverage industry in Egypt.
The UK-based global technology investor Amadeus Capital Partners, has invested $2m in Hepstar, a digital insurance distributor in South Africa.
Qalaa Holdings’ Finance Unlimited subsidiary has announced plans to divest its 70% ownership stake in Tanmeyah Microenterprise Services, a private-sector provider of microfinance solutions in the Egyptian market, to EFG Hermes.
International development finance institutions (DFIs) have deployed nearly $16.8bn in impact capital across the Southern African region through over 650 deals, according to The Landscape for Impact Investing in Southern Africa report.
Africa’s top economies have maintained investor interest with strong momentum in M&A; across the majority of sectors, according to the findings of the Deal Drivers Africa, published by Mergermarket in collaboration with Control Risks, a business risk consultancy.
Electranova Capital US and Total Energy Ventures have invested an undisclosed amount in Off Grid Electric (OGE), a world leader solar leasing company in Africa.
The Africa Sustainable Forestry Fund I, managed by Global Environment Fund, together with the Grantham Foundation for the Protection of the Environment, have acquired a significant minority position in Compagnie des Bois du Gabon (CBG).
Goodwell Investments has acquired a significant minority stake in Musoni Services, an innovative cloud-based affordable core banking software for microfinance institutions (MFIs) in Africa.
Synergy Capital Managers has invested in Africa Terminals, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment.
