Accion Venture Lab has added $33m to its initial capital pool, with the launch of a new $23m fund and an additional, separate $10m investment from nonpofit Accion.
Amethis, an investment fund manager dedicated to the African continent, has acquired a stake in VLH, the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius.
IFC and the funds managed by the IFC Asset Management Company (AMC) have sold their 14.1% stake in Ecobank Transnational Incorporated (ETI) to Arise.
Tamela Capital Partners, a subsidiary of Tamela Holdings, has annouxned the first closing of the Tamela Mezzanine Debt Fund 1 (Tamela Mezz Fund) at R420m.
The Carlyle Group, a global investment firm with $223bn of assets under management, has acquired a majority stake in IsoMetrix, an Environmental, Health and Safety (EHS) software vendor, through their $698m Carlyle Africa (Buyout) Fund.
ElectriFI, an impact investment facility, investing in early stage private companies and projects, has invested $5m in PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company.
Pearl Capital Partners (PCP), though the Yield Uganda Investment Fund, has announced its fifth investment in Uganda by making a commitment to invest UGX3.9bn to Raintree Farms, an agri-ceutical enterprise specialising in the production and processing of organic moringa.
Standard Bank, Africa’s largest bank, has led a $4m investment round in Nomanini, a fintech platform for the informal retail ecosystem.
Mitsubishi Corporation, a global integrated business enterprise headquartered in Japan, has led a $50m Series D funding round into BBOXX, a next generation utility company.
Actis has completed fundraising for its Actis Long Life Infrastructure Fund (ALLIF) with over $1.23bn of fund commitments plus co-investment, delivering up to approximately $2bn of investable capital for this new strategy.
Goldman Sachs - led investment consortium has invested $20m in Nigeria-based freight logistics business Kobo360.
The Norwegian Investment Fund for Developing Countries (Norfund) has invested in Sundry Foods, an integrated food services company operating in the Quick Service Restaurant (QSR), Bakery and Catering Services sectors in Nigeria.
Verod Capital Management and Red Bull GmbH, have invested in West Africa’s largest clothing manufacturer, DTRT Apparel.
DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund (GIF), in partnership with Unilever, have co-invested in Mr. Green Africa, the Nairobi based recycler and recycled plastics supplier.
