Oasis Capital Ghana, manager of the Oasis Africa VC Fund (OAF), has announced a dual minority investment in Sonam Générale Assurances Côte d’Ivoire and Sonam Assurances Vie Côte d’Ivoire.
The African Development Bank (AfDB) has reached financial close on financing agreements for a $20m concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP).
FONSIS, the Senegalese Sovereign Wealth Fund and KfW, the German Development Bank have launched Oyass Capital, an investment fund dedicated to investments in SMEs in Senegal.
Revego Africa Energy has acquired stakes in a number of wind assets from Metier and Lereko, who jointly manage the Lereko Metier Sustainable Capital Fund.
The Acumen Resilient Agriculture Fund (ARAF), sponsored by Acumen and anchored by Green Climate Fund, has closed on June 30 at $58m, above its fundraising target.
Speedinvest and Left Lane Capital have led a $23m Series A financing round in Moove, an African mobility fintech company.
ULIMI Fund, a private equity fund managed by Old Mutual Investment Group Malawi, has made a significant investment in Gala Agriculture Company, a successful macadamia plantation in Malawi.
Edge Growth and the ASISA ESD initiative have invested R20m in I-G3N, the only black empowered female-owned SME to successfully develop lithium-ion batteries specifically for the African continent.
CDG Invest PME (CIP), a Morocco-based private equity firm previously known as CDG Capital Private Equity, has agreed to sell a majority stake in Techniques Science-Santé (T2S), IM Alliance, Cyclopharma and Binarios, the largest and most diversified group of MedTech companies in Morocco, to funds managed by Helios Investment Partners.
Convergence Partners Digital Infrastructure Fund (CPDIF) has reached its first close at $120m, targeting a final size of $250m.
A consortium of investors led by South African private equity fund manager Metier has invested $36m in Africa Mobile Networks (AMN).
Qatar Holding, an affiliate of the Qatar Investment Authority (QIA), has agreed to $200m in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa. AMC BV is the holding company for several of Airtel Africa’s mobile money operations; and ultimately is intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries.
Mediterrania Capital Partners has invested through its fund MC III, in Dislog Industries, one of the largest FMCG manufacturers in Morocco.
Alterra Capital Partners, an Africa-focused private equity firm that spun out of Carlyle in 2020, has been joined by Bryce Fort and Paul Maasdorp, Partners at Emerging Capital Partners (ECP), to launch a new African investment vehicle.
