The Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers, has exceeded its fundraising target, reaching a successful final close at R2.15bn ($115m).
AfricInvest has exited from Promamec, a Moroccan producer and distributer of medical devices for the public and private sectors.
Vantage Capital, Africa’s largest mezzanine debt fund manager, has made an investment into Aquasantec International, a manufacturer and distributor of water tanks, pipes and related products, addressing water, sanitation and hygiene needs across the East African region.
CVE South Africa, an international Independent Power Producer (IPP) with offices in Cape Town and Johannesburg, has funded a large solar-plus-battery project that will provide clean power and load shedding relief to one of the oldest and largest technical high schools in South Africa.
Vantage Capital, Africa’s largest mezzanine fund manager, has closed a €30m equity investment for the acquisition of a significant minority stake in Promamec, a Moroccan medical distribution business.
Carlyle has agreed to sell its majority stake in Tessara, a provider of post-harvest solutions in South Africa, to AgroFresh Solutions.
Absa Corporate and Investment Banking (CIB), has invested $8m in Moove, an African-born, global mobility fintech, bringing its total funding to-date from the bank to $28m.
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has made a $2 million investment into Fastizers, a local manufacturer of snack foods and confectioneries in Nigeria.
Gemcorp Capital Management has announced that one of its funds has entered into a $25m loan agreement with a subsidiary of Walkabout Resources, an ASX listed African focused energy mineral developer, to support the development into production of its Tanzanian graphite mine, Lindi Jumbo.
Verod-Kepple Africa Ventures (VKAV) has invested $1.5m in Chari, a Morocco-based B2B e-commerce company, to support its growth plan.
Plus Venture Capital (+VC), Seedstars International Ventures, Flat6labs have participated in a pre-seed investment round in Agel, Egypt’s first Islamic FinTech.
Verdant Capital Hybrid Fund has made a $7m dual tranche investment comprising a subordinated loan and senior secured loan to Mogo Auto, a subsidiary of Eleving Group operating in Europe, Asia, and Africa.
The Emerging Africa Infrastructure Fund (EAIF) has committed $30m to Eastcastle Infrastructure, a platform company that owns, operates, and develops shared telecom tower infrastructure in countries across Africa. The investment enables the purchase and development of telecom towers across the Democratic Republic of Congo (DRC) for the country's mobile network operators (MNOs).
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a €11.5m senior secured loan to develop the first project-financed solar PV plant and battery energy storage system (BESS) in West Africa
