Vital Capital, an impact investment private equity fund focused on companies in Sub-Saharan Africa, has joined forces with the US Government’s Kenya Investment Mechanism (KIM), to provide financing to Kenyan businesses affected by COVID-19.
FirstRand’s Vumela Fund, managed by SME Venture Fund Manager Edge Growth, has invested $1m in an animation, gaming and AR/VR company Sea Monster.
Futuregrowth via its Development Equity Fund has invested in SweepSouth, a disruptive online platform for booking, managing and paying for home cleaning, and now a variety of other services.
Novastar Ventures, AXA Investment Managers (through the AXA Impact Fund: Climate & Biodiversity), FMO and Mirova’s Land Degradation Neutrality Fund, have invested $28m in a Series B round in Kenya-based tech-enabled sustainable forestry company Komaza.
Fairfax Africa, an investment holding company traded on the Toronto Stock Exchange, has entered into a definitive agreement with Helios for the combination of their complementary businesses on one unified platform.
LeapFrog Strategic Africa Investments (LSAI) has agreed to acquire a 24% stake in ICEA LION Insurance Holdings (ICEA LION Holdings).
The Emerging Africa Infrastructure Fund (EAIF), Private Infrastructure Development Group (PIDG) company, has agreed to invest up to XOF*29.5bn (circa $50m) in a bond issue that aims to raise XOF100bn ($170m) for investment in the Senegal business of Sonatel S.A, a West African telecommunications company.
The SDG Frontier Fund has reached its first closing at €25.3m with the participation of nine Belgian private investors together with BIO, the Belgian Investment Company for Developing Countries.
Acumen, a non-profit impact investment fund, has exited its stake in a Tanzanian-based clean cooking company KopaGas, following Circle Gas acquisition.
Norsad Finance, an impact investor providing structured financing solutions to mid-market growth companies in Southern Africa, has provided a R150m medium-term facility to Grobank, a South African specialised commercial agricultural bank.
OP Finnfund Global Impact Fund I has raised €76m in the first round of funding, attracting various institutional investors.
Inside Equity Fund has committed to invest $2.75m in Alpha to finance the doubling of its waste collection and processing capacity in Zambia.
Inspired Evolution’s Evolution II Fund in partnership with the company’s management, has closed a buyout of Building Energy’s Africa and Middle East business to launch the newly branded Red Rocket.
Partech and Sawari Ventures have invested $4m in a Series A investment round in Egyptian fintech platform MoneyFellows as it works towards helping millions of new users reach their financial goals.
