Chinese fintech investor CreditEase Fintech Investment Fund (CEFIF), LeapFrog Investments and Allianz have invested $30m in BIMA, a provider of digital health and insurtech services in emerging markets.
Helios Investment Partners has led a $60m Series B financing round in Singapore-based fintech startup Thunes, which operates a global B2B cross-border payments network.
With the COVID-19 crisis hitting South Africa in March, the impact of the pandemic on the market and asset prices is evident in the first quarter performance for both public and private markets.
Metier, through its most recent Sustainable Capital Fund, MSC II, has made a substantial investment into Broadreach Energy.
XSML, a private equity fund manager active in Central and East Africa, has announced the first close of its African Rivers Fund III (ARF III) at $54m.
Enygma Ventures via its Shift Fund has made a R4.2m investment into Job Crystal, South Africa’s recruitment company.
EFG Hermes (through its NBFI arm EFG Hermes Finance Holding) and GB Auto (through its NBFI arm GB Capital) have acquired a 75% stake in Tokio Marine Egypt Family Takaful, in a deal worth EGP 84.75 million.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Tanga Fresh, a dairy processor in Tanzania.
Sanari Capital, backed by 27four, has invested R25m in LightWare LiDAR, a South African company supplying world-class microLiDAR sensor technology to global companies.
Clean Energy Ventures and Breakthrough Energy Ventures, alongside Goodwell Investments, in partnership with Alitheia Capital, Total Energy Ventures, and other notable investors, have invested $12m in a Series A round in SparkMeter, a provider of grid management services, equipment, and software solutions.
Verod Capital Management has acquired 100% of AXA Mansard Pensions, a licensed pension fund administrator that offers retirement savings accounts and pension fund administration services to both private and public sector employees in Nigeria.
8 Miles, a Pan-African private equity firm, has agreed to sell its entire 42% holding in Orient Bank, a mid-tier commercial bank in Uganda, to I&M Holdings.
LionPride, a South African venture capital fund manager, has launched a joint venture (JV) with ETS PLATFORM to bring a preventative care telemedicine platform to Africa.
Apis Growth Fund I’s (AGFI) investee company DPO Group (DPO), a high-growth online commerce platform in Africa, has entered into an agreement to be acquired by Network International (NI), a provider of digital commerce across the Middle East and Africa.
