African fundraising for the first half of 2019 reached $1.7bn in final closes and $0.9bn in interim closes, according to the African Private Equity Data Tracker, released by the the African Private Equity and Venture Capital Association (AVCA).
Adenia Partners, a private equity firm investing in Sub-Saharan Africa, has completed a majority investment in Quick Mart.
Verod Capital Management has received regulatory approvals for its acquisition of 100% of the shareholding of Metropolitan Life Insurance Nigeria from South African-based Momentum Metropolitan Holdings.
Flourish Ventures, a venture company of The Omidyar Group, the partners of DST Global, and existing seed investors Newfund, Speedinvest, and Le Studio VC, have invested €10m in FairMoney in a Series A investment round.
Development Partners International (DPI), a pan-African focused private equity firm, and Convergence Partners have co-invested in Channel VAS, a fintech provider of mobile financial and airtime credit services operating in Africa, Asia and the Middle East.
South African based venture capital firm Vunani Capital has announced its recent investment into SnapnSave through the Vunani Fintech Fund.
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.
