The Emerging Africa Infrastructure Fund (EAIF) has announced a €25m finance facility to Ivoire Hydro Energy (IHE), which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo in Côte d’Ivoire.
Catalyst Fund has announced a $2m investment into 10 startups building solutions to improve the resilience of climate-vulnerable communities in Africa.
Mediterrania Capital Partners has sold part of its stake at Akdital through an IPO at the Casablanca Stock Exchange.
Ventures Platform has announced the final close of its early-stage and intercontinental fund, at $46m, surpassing its initial $40m target.
Aruwa Capital Management, a Lagos based female founded and led early-stage growth equity and gender lens investment fund, has closed its first institutional fund, which was oversubscribed, surpassing a target of $20m.
The Futuregrowth Community Property Fund (Comprop) has acquired KG Mall, which brings the Comprop portfolio to 23 shopping centres, with a total gross lettable area of more than 392 000 meters squared valued in excess of R6.6bn.
Nclude has led a a $3m seed round in OneOrder, the MENA-based fintech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes.
ADP III, a fund advised by Development Partners International (DPI), and funds advised by Fireball Capital, have co-led an investment in Ukheshe International, a fintech enablement partner with an expanding footprint in key emerging markets globally.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has announced that AMMC, the Moroccan Capital Market Authority, has approved Akdital’s IPO in December 2022.
Admaius Capital Partners via a subsidiary of the Virunga Africa Fund 1, it has made a significant investment in Power Brands, the parent company of Céréalis, Tunisia’s producer of salted snacks and a significant producer of baked goods.
Enza Capital, Oikocredit and Partech Africa have co-led a $14m equity investment round in Djamo, a Y Combinator-backed fintech building the leading personal finance company in Francophone Africa.
AIIM, Africa’s largest dedicated infrastructure private equity manager, has committed to invest $34m into Kenya’s Road Annuity Programme through its pan-African AIIF4 Fund.
Goodwell Investments has launched uMunthu II, aiming to raise €150m to finance innovative, scalable, small and medium-sized businesses that improve the access and affordability of basic goods and services for un(der)served consumers in Africa.
The Facility for Energy Inclusion (FEI) has signed its first transaction in the commercial and industrial solar market, acting as lead arranger for a $33.4m multi-country facility for Solarise Africa’s subsidiaries in Africa.
