African private capital markets experienced a record-high volume of deals in 2022, recording a 46% year-over-year (YoY) growth, according to the African Private Capital Association (AVCA).
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG has invested $1.5m in Afresco’s `Energy-as-a-Service’ solution to bring clean, reliable power to Commercial and Industrial (C&I) clients in Uganda, Malawi and the Democratic Republic of the Congo (DRC).
Capria Ventures, a Global South specialist firm investing in early-growth Global South startups, has announced the first close of its target of $100m fund.
Convergence Partners has acquired a strategic stake in 42Markets Group, an incubator, investor and builder of high-growth specialist businesses in the financial and capital markets sector.
Investing in Innovation Africa (i3), a pan-African initiative for start-ups building the future of healthcare supply chains, is calling for leading innovators to join its second cohort.
Development Partners International (DPI) alongside minority co-investors South Suez and DEG have acquired 100% of Solevo Group, an African distribution platform for specialty chemicals, from Helios Investment Partners.
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a $33m sustainability-linked debt facility to Raxio Group, a pan-African data centre developer and operator.
Creadev, a global VC and growth equity evergreen investor controlled by the Mulliez Family, has led a $35m Series B investment round in East Africa’s aquaculture platform, Victory Farms.
Secha Capital and Hassium Capital have made a large equity investment in FarmTrace, a South African agri-tech farm solution.
Equator, a climate-tech venture capital firm focused on Sub-Saharan Africa, has announced the initial close of its first fund with approximately $40m.
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.
