Amethis Exits Merec Industries
Amethis has announced its exit from the capital of Merec Industries to Invictus Investment.
Amethis has announced its exit from the capital of Merec Industries to Invictus Investment.
Verdant Capital Hybrid Fund has completed its fifth investment of $2m, structured as junior convertible debentures in UsPlus in South Africa.
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands), a company of Tech Mahindra group, a global provider of technology consulting and digital solutions to enterprises across industries, have signed a set of shareholder and technology collaboration agreements to formalise their joint investment in Furaha.
The African tech sector attracted only 7% less capital than in 2023, demonstrating resilience and securing $3.2bn in funding (equity and debt combined), according to the annual Africa Tech Venture Capital report by Partech.
Adiwale Fund I has made a follow-on investment in Enko Education, a group of African international schools, to support its expansion across the continent.
Futuregrowth Asset Management has announced a R150m investment into Sourcefin, a South African fintech and alternative funding provider dedicated to providing access to finance and specialist supply chain support for small and medium-sized enterprises (SMMEs).
The Grameen Crédit Agricole Foundation, Beyond Finance, and FosterImpact have collaboratively launched the Women Empowerment for Climate Fund, aiming to raise $100m.
Novastar Ventures has invested in Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has brought a 20 MW solar photovoltaic (PV) plant in north-western Uganda to financial close, investing c. $18m in the project.
Sanari Capital, a women-led and majority Black-owned South African private equity firm, has raised c.R1.5bn ($80m) for the Sanari 3S Growth Fund, a portfolio with significant transformative potential across Africa.
AFRIGREEN Debt Impact Fund, an investment fund focused on sustainable energy solutions, has entered into a $15m debt facility with several project companies owned by Watt Renewable Corporation, an independently-owned provider of hybrid solar solutions in Nigeria.
Africa50, a pan-African infrastructure investor and asset manager, has made a $15m investment in Raya Data Center (RDC), a data center in Egypt.
The Saham Group and Tana Africa Capital have exited its 100% stake in Flipper International School in Addis Ababa, Ethiopia to the ADvTECH Group (ADvTECH).
Stears, a financial data and software company focused on African markets, has released its Private Capital in Africa Report: Q3 2024, revealing a notable trend in single-country investments as private capital continues to drive investment activity on the continent.