Development Partners International (DPI) and Amethis have co-invested in Marcyrl Pharmaceutical Industries, an Egyptian pharmaceuticals manufacturer focused on specialty generics.
Hybrid Equity, a division of Old Mutual Alternative Investments (OMAI), is taking up a significant stake in the capital structure of Enable Capital, a short-term funder that uses innovative technology as a distribution platform.
Gemcorp Capital Management has committed a substantial capital investment into Milele Energy, a clean energy platform to be headquartered in Nairobi, Kenya.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has exited Efficient Group to the Apex Group, a global financial services provider.
e& capital, the tech investment arm of e&, has led a $10m pre-series C round in almentor, an online video learning platform in Arabic.
Infra Impact Investment Managers has helped its portfolio company, Eagle Towers, secure a ZAR100m senior secured loan facility to support Eagle Towers’ growth and expansion plans.
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, have acquired a majority stake in VRS Africa.
DOB Equity has led a $3m seed funding round in Power Financial Wellness (Power), a Kenya-based financial technology provider.
GoGetta, an equity-based crowdfunding platform, has listed its first two businesses outside of South Africa.
FoodLabs has led a $1.5m investment in foodtech startup Terraa, which was the largest pre-seed investment round in Morocco.
DFS Lab and the Stellar Development Foundation (SDF) have launched the SCF Startup Camp, a 5-day virtual and global bootcamp.
Spear Capital has concluded an investment deal with Greenwave Milling, a manufacturer and distributor of quality high-value basic commodities throughout Zimbabwe.
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm has partnered with Yabx, a company incubated by Comviva and part of the Mahindra Group, to address a deep-rooted need for responsible consumer finance in Africa.
Partech has announced the first closing of Partech Africa II at €245M, above the target fund size.
