Convergence Partners has closed an investment in Yellow, a provider of pay-as-you-go finance for off-grid solar home systems and connectivity solutions for low-income consumers in parts of East Africa.
The Facility for Energy Inclusion (FEI) managed by Cygnum Capital (formerly Lion’s Head Group) has provided a $30m senior debt to CrossBoundary Energy (CBE), a developer, owner, and operator of commercial and industrial (C&I) renewable energy systems.
Sweden-based QGroup, a global technology investment group, has invested an undisclosed amount in Specno, an innovation agency.
The Facility for Energy Inclusion (FEI) managed by Cygnum Capital (formerly Lion’s Head Group) has signed a $30m multi-country facility to finance the assets of Equator Energy, a commercial and industrial (C&I) solar operator in East Africa.
Convergence Partners Investments has rebranded to Solcon Capital as the Company launched a big push to empower global deep tech growth through platform economics.
A mixed group of investors, including family offices, private investors, and institutional investors, have committed €57m to the first close of uMunthu II fund.
Quona Capital, a venture capital firm investing in innovative fintech startups in emerging markets, has released its 2022 Impact Report, which showcases the measurable impact its investments have made on financial inclusion.
AIIM consortium has reached a financial close on 89MW Castle Wind Farm (Castle) to supply renewable energy to Sibanye-Stillwater’s South African mining operations via an Eskom wheeling agreement.
Standard Bank Group, Africa’s largest bank, has led and arranged over $200m in sustainability-linked debt financing to M-KOPA, a leading fintech platform.
DOB Equity, Kua Ventures, Kaleo Ventures and NaiBAN have invested in a pre-seed funding round in Zydii, a Kenya-based digital training solutions provider.
The Futuregrowth Community Property Fund (Comprop) has acquired Sam Ntuli Mall, which brings the Comprop portfolio to 24 shopping centres, with a total gross lettable area of more than 420 000m2, valued in excess of R7.3 billion.
Mediterrania Capital Partners through its fund MC IV, alongside Germany’s development finance institution DEG, Proparco and FMO, has acquired an undisclosed stake in Laprophan, one of the leading pharmaceutical companies in Morocco.
The Abadali Equity Equivalent Investment Programme (EEIP), which is administered by Edge Growth, has invested in Oakantswe Construction and Projects, a 100% black female owned and managed electrical contracting firm.
Vantage Capital has fully exited its investment in Cap Tamarin, a smart city development located in the town of Tamarin on the west coast of Mauritius, managed by Trimetys Group.
