DOB Equity, Launch Africa and Founders Factory Africa have invested in Zuri Health, the digital healthcare company which provides affordable healthcare via mobile.
The Private Infrastructure Development Group’s (PIDG) Emerging Africa Infrastructure Fund (EAIF) has provided a $10.6m loan over 17 years to Serengeti Energy, the developer of the Nyamwamba ll 7.8MW run-of-the-river hydroelectricity plant in the Kasese District of Western Uganda.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in payment solutions provider Q Link to Sanlam Private Equity (SPE).
AfricInvest has announced the final close of its AfricInvest Fund IV with total commitments of $411m.
TA Associates, Mubadala Investment Company and The Carlyle Group have taken a minority stake in Apex Group, a financial services provider.
Mediterrania Capital Partners has sold its stake in Groupe Cofina, a mesofinance and transactional financial services institution in West and Central Africa, to Development Partners International (DPI).
Advocacy group Niyel has launched a Call for Proposals (CFP) into cross-country collaboration initiatives on behalf of the Africa Data Governance Opportunity Fund.
Phatisa, together with a consortium of leading development finance institutions, has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group, for an undisclosed sum.
Spear Capital has announced additional backing for Arkay Plastics, allowing this portfolio company to expand into new territories through the company’s Malawian operations.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has invested in DT One, a global B2B digital micropayments platform powering cross-border transfers of mobile top-ups, data bundles, gaming pins and gift cards.
LeapFrog Investments and Tana Africa Capital have made a strategic investment in Interswitch, one of Africa’s leading technology-driven companies focused on the digitisation of payments.
Chancen International (CI) has announced the first close for its $21mFuture of Work Fund (FWF), a significant move aimed at realizing African Union’s agenda 2063 which advocates for well-educated citizens and skills revolution underpinned by science, technology, and innovation.
African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx (MetroFibre), following approval from the Independent Communications Authority of South Africa.
Currency risk can be a major challenge when investing in Africa, according to the ‘Currency Risk Management Practices in African Private Equity and Venture Capital’ Report, the second AVCA’s special report series alongside The Currency Exchange Fund (TCX) and MFX Solutions.
