USAID Southern Africa Mobilizing Investment (USAID Mobilizing Investment) has awarded grant capital to Verdant Capital for its new fund strategy, the Verdant Capital Southern Africa Fund (VCSAF).
TLcom Capital, an Africa-focused venture capital firm, has announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154m.
Acre Impact Capital, a private-debt impact investment manager, has announced the first closing of its Export Finance Fund I with commitments of approximately $100m.
Nairobi Gate Industrial Park, the first Special Economic Zone (SEZ) with a fully consolidated customs-control area in East Africa, has launched a one-of-a-kind manufacturing and warehouse park for the textile and apparel industry in Kenya.
Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P, have invested in Zeepay Ghana, a fast-growing payment infrastructure company with a footprint in more than 20 countries globally.
Vantage Capital has made a R346m investment into Procera Group, a South African business process outsourcing (BPO) services provider serving both South African and international clients.
Actis together with Royal Bafokeng Holdings as its empowerment partner, has entered into an agreement to acquire a 100% stake in Swiftnet, a telecom tower portfolio in South Africa, from Telkom for an Enterprise Value of R6.75bn (c.$355m).
Adenia Partners, a private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V at its $470m hard cap.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Savant Group, committing $12m to scale SunCulture’s solar irrigation offering across sub-Saharan Africa.
Uber alongside existing investors Mubadala, The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa, have invested $100m in a Series B funding round in Moove, a global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, valuing the company at $750m.
Development Partners International (DPI), British International Investment (BII), the UK government’s Development Finance Institution, and the European Bank for Reconstruction and Development (EBRD), have sold 100% of the shares in KELIX bio, an emerging markets biopharmaceuticals platform, to Mubadala Investment Company (Mubadala), the Abu Dhabi investor with over $276bn in assets under management.
African Infrastructure Investment Managers (AIIM) has led an investment consortium comprising STOA, an impact fund in infrastructure and energy dedicated to developing and emerging markets, and Thebe Investment Corporation, to acquire Octotel, a South African fibre network operator, from Actis, a global investor in sustainable infrastructure.
For the first time in almost a decade of consistently strong growth, the number of venture capital deals in Africa decreased by 31% YoY, according to the African Private Capital Association 2023 Venture Capital in Africa Report.
Climate and impact fund manager Camco has unveiled a new technical assistance facility (TAF) to accelerate the growth of Sub-Saharan African markets for renewable energy and energy access.
