MNT-Halan, Egypt's first unicorn and fastest-growing fintech company, has raised a total of $157.5m ─ $40m from the International Finance Corporation (IFC) and the remainder from DPI (Development Partners International), Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp.
Innovate Africa Fund, an angel investment fund that supports early-stage founders in funding life-changing ideas, taking startups from conception to product and financing innovative ventures, has launched with an initial $2.5m rollout.
Sanari Capital, a private equity firm that invests in medium-sized and mid-market growth companies from Africa, has announced a R80m follow-on investment in EduLife Group.
Oasis Capital Ghana, a growth capital fund manager focused on West Africa, has announced the successful first close of its $100m Oasis Africa Fund II (OAF II), securing $33.3m in capital commitments.
PAPEfunds has recently acquired Nedbank Private Equity’s equity stake in Entersekt, a Financial Authentication Company, following an initial investment in July 2022.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $47.5m of mezzanine funding for Two Rivers International & Innovation Centre (TRIFIC SEZ), a first of its kind services-oriented business park in a special economic zone located within the prestigious diplomatic blue zone of Nairobi, Kenya.
TLG Capital, an alternative investment firm, has announced a $10m structured private credit facility for one of the country’s largest aluminum recyclers in Nigeria, in collaboration with Wema Bank, Nigeria’s financial institution and pioneer of Africa’s first fully digital bank, ALAT.
Social impact investing cooperative Oikocredit has made a first-time loan of $10m (€9.3m) to AfricInvest Private Credit (APC) to augment support for small and medium enterprises (SMEs) throughout Africa.
Development Partners International (DPI) has sold 100% of International Facilities Services (IFS) to a consortium comprising of ES-KO, a global provider of integrated facility support services, Phatisa, a Mauritius-based private equity firm, and IFS’s management.
British International Investment (BII), the UK’s development finance institution and impact investor, has sold its 10.1% stake in I&M Group, the Eastern African banking group, to AfricInvest, a Pan-African Asset Management platform.
African Infrastructure Investment Managers (AIIM), a division of Old Mutual Alternative Investments, has reached financial close on the 140MW Khangela and 140MW Umsinde Emoyeni wind farms to supply renewable energy to the operations of Rio Tinto’s Richards Bay Minerals (RBM) and Sibanye Stillwater via wheeling agreements.
Africa50 has signed an Implementation Agreement (IA) with the Rwanda Development Board (RDB) and the Government of Rwanda (GoR) for exclusive rights to develop, operate, and commercialise the 61-hectare Kigali Innovation City (KIC).
TLG Capital, a leading African investment firm, has announced its 40th deal, providing a $5m financing line to Liberty & Justice, an Africa-made swimwear line.
Adenia Partners, a private equity firm focused on growth opportunities in Africa has successfully exited its entire stake in Cresta Paints to Uhuru Investment Partners, a middle-market private equity firm focused on investing in West Africa.
