Ata Capital, a majority black-owned and 100% black managed investment management company, is raising its third fund and is targeting R1.5bn from South African institutional investors.
Advanced Finance and Investment Group (AFIG Funds), through AFIG Fund II, has completed an investment in NEM Insurance, by acquiring 29.9% of the company's shares from some existing shareholders.
Goodwell Investments has acquired an undisclosed stake in Copia, a promising e-commerce business that specialises in supplying products and services to currently underserved consumers in rural Kenya.
SunFunder - led consortium has closed a $9m receivables financing facility with Kampala-based off-grid solar company SolarNow.
The SEAF Morocco Growth Fund (SMGF), an investment fund that invests in high-growth, innovative companies based in Morocco, has made its second investment in eDukaty.
African Infrastructure Investment Managers (AIIM) has acquired through its African Infrastructure Investment Fund 3 (AIIF3) a minority stake in BBOXX’s operations in East Africa, as part of a $31m investment plan.
AfricInvest, a pan-African private equity firm, has announced the third close of FIVE, an evergreen platform for investing in financial institutions in Africa, bringing total commitments to €67m.
XSML, a fund manager active in Central & East Africa, has made a follow-on investment in Maison Galaxy, a retail chain based in Kinshasa, DRC.
Arise has received approval from the Central Bank of Mozambique to acquire a 29.5% stake in Moza Banco, a locally owned bank, through a subscription of new shares.
Africa-focused private equity firm, ECP, has acquired a majority stake in Artcaffé Coffee and Bakery (Artcaffé), a restaurant group operating in Kenya, for an undisclosed amount.
PCM Capital Partners, managers of the West Africa Emerging Growth Fund (WAEMGF) have announced the Fund’s exit from its investment in Petro Ivoire, a leading player in the downstream oil and gas sector in Cote d’Ivoire.
CDG Capital Private Equity, a private equity firm focused on growth investments for SMEs in Morocco, has acquired a stake in Trarem Afrique, a manufacturer and distributor of office furniture in Morocco.
AfricInvest and Catalyst Principal Partners, a pan-African and regional private equity firms, have invested in Prime Bank through AfricInvest Azure, a special purpose vehicle formed by AfricInvest and Catalyst Fund II.
The Carlyle Group has agreed to invest $40m in Wakanow, an online travel agency focused on West and East Africa, with principal operations in Nigeria.
