MaC Venture Capital has led a $2.3m Seed fundraising in Big Cabal Media (BCM), a pan-African media company headquartered in Nigeria.
AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital have invested $105m in an oversubscribed Series A2 round consisting of equity and debt in Moove, the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa.
Amethis has acquired a minority stake in SIBM, a manufacturer of precast concrete products in Côte d’Ivoire.
Greenhouse Capital has led a $1.5m pre-seed funding round inYep!, Lagos and San Francisco based super-app that boosts financial inclusion, economic opportunities, and remittances to and within Africa.
Development Partners International (DPI) and CDC Group (CDC, to be renamed British International Investment), the UK’s development finance institution that will shortly be renamed British International Investment (BII), today announced that have signed an agreement for KELIX bio to acquire Pharmaceutical Institute (PHI), a Moroccan-headquartered producer and distributor of generic and therapeutic pharmaceuticals.
Tana Africa Capital and KITEA Group, a furniture retailer in Morocco, have acquired a majority stake in Furniture Palace, a furniture retailer in Kenya.
Partech has led a $4m Seed round in Morocco-headquartered transport management software provider Freterium.
Actis has secured an impact-linked revolving subscription credit facility for its latest energy fund, Actis Energy 5.
Naspers, through its R1.4bn early-stage tech investment vehicle Naspers Foundry, has made a R15m ($1m) investment in Floatpays, an on-demand earned wage access platform that helps customers build financial wellness.
Spear Capital has invested in FML Logistics, a Zimbabwean-registered company focused on the transportation of petroleum products in Sub-Saharan Africa.
HAVAÍC, Aruwa Capital Management (Aruwa) and Asian African Investment & Consulting (AA-IC) have announced a joint $3.6m pre-series A investment in CrowdForce, a Nigerian crowdsourcing platform.
Endure Capital and International Finance Corporation (IFC) have co-lead a $25m Series A investment round in Brimore, Egypt’s largest social commerce platform.
Ezdehar Management, a private equity fund manager focused on Egypt, has announced a first close of its Ezdehar Mid-Cap Fund II (EMF II) at $168m.
The Emerging Africa Infrastructure Fund (EAIF) has provided a $35m loan over a 15-year term to the 40MW Kesses solar generation facility to be built near Eldoret in the Rift Valley region of Kenya.
