MiDA Advisors, a global transaction and financial advisory firm, and SAVCA have launched the Women Empowerment Mentoring and Incubation Fund Manager Programme (WE>MI), to increase the number of investable women fund managers in Southern Africa.
Partech Africa, a member of the Partech Group, a global technology venture capital fund, and Enza Capital have invested in the $3.6m extension round in Tugende, a technology enabled MSME lender in East Africa.
South African venture capital firm Kalon Venture Partners has announced a follow-on investment a cyber-security email protection and compliance business, Sendmarc.
HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors have invested an undisclosed amount in Kenyan agency banking startup Tanda.
Mastercard, a global technology company in the payments industry, has agreed to invest $100m in Airtel Mobile Commerce BV, a wholly owned subsidiary of Airtel Africa.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in third-party payments enabler International Tutuka Holdings to Salt Pay Co.
The Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump, and the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), managed by LHGP Asset Management, have invested €4m in Baobab+.
As a result of the economic fallout precipitated by the Covid-19 crisis, the value of PE deals marginally declined to $3.3bn in 2020, from $3.8bn in 2019, according to the new AVCA report.
Criterion Africa Partners, a private equity firm investing in the forestry sector in Sub-Saharan Africa, has exited the forestry and saw-milling business of its portfolio company Peak Timbers (Peak) to Shiselweni Forestry Company.
CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund (CCAGF) at $64m.
EXEO Capital has announced an investment in the Maia Group through its Food and Agribusiness fund, Agri-Vie Fund II, a private equity investment fund focused on food and agribusiness in Sub-Sahara Africa.
RisCura has launched the South Africa’s first Impact fund of funds (FoF) series in line with the globally recognised definition of impact investing “to generate positive, measurable social and environmental impact”.
HSBC Asset Management and IFC have announced the final closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), boosting access to climate finance and helping further develop the market for green bonds.
Amethis has announced a majority investment via its Amethis MENA Fund II in Magriser, a leading player in micro-irrigation systems in Morocco.
