Actis, through its holding company Actis Golf Nigeria (AGN), has received regulatory approval to exit its investment in Sigma Pensions, a Nigerian Pension Fund Administrator (PFA) to First Ally Asset Management, a Lagos-headquartered asset manager and First Guarantee Pensions (FGP), a subsidiary of Access Holdings.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has exited Groupe Scolaire René Descartes (GSRD), a private educational group headquartered in Tunis and specialising in providing international accredited and homologated teaching programmesfrom pre-primary school to high school.
CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital, have led a $31m Series B investment round in Money Fellows, an Egyptian fintech platform.
Sanabil Investments, a wholly owned company by Public Investment Fund, has led a $40m Series A investment round in Classera, a global EdTech e-learning company focused on emerging markets.
DOB Equity, Seedstars International, Norrsken Foundation, and Bathurst Capital, have invested in a pre-seed funding round in Eden Care, a licensed Rwanda-based digital insurer.
Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, has launched Madica, a structured investment program for pre-seed stage technology companies in Africa.
MaxAB, a food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers across Egypt and Morocco, has closed a $40m pre-series B equity round to fuel its expansion across the MENAP region.
A15, Bolt by QED, Nclude, and Outliers have invested $3.6m in FlapKap, a tech-enabled revenue-based financing platform in the MENA region.
African Infrastructure Investment Managers (AIIM), Bauta Logistics and Mokobela Shakati Consortium have established a cold chain logistics platform, Commercial Cold Holdings (CCH) with the initial acquisition of CCS Logistics from Oceana Group.
Norsad Capital, an impact investor offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has extended a ZAR100m stretched debt facility to RH Bophelo, for the expansion of its hospitals and clinics across South Africa.
Development Partners International (DPI) has sold ADP II’s 33.4% stake in Egyptian retailer B.TECH to the Saudi Egyptian Investment Company (SEIC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF).
Janngo Capital Startup Fund (JCSF) has announced its first close at €34m (approximately $36m) in capital commitments.
The Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank (Afreximbank), has reached its first close of $670m across its four fund strategies.
Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund, has led a $11m investment round in SweepSouth, an online home services platform with presence across Africa.
