Actis together with Royal Bafokeng Holdings as its empowerment partner, has entered into an agreement to acquire a 100% stake in Swiftnet, a telecom tower portfolio in South Africa, from Telkom for an Enterprise Value of R6.75bn (c.$355m).
Adenia Partners, a private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V at its $470m hard cap.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Savant Group, committing $12m to scale SunCulture’s solar irrigation offering across sub-Saharan Africa.
Uber alongside existing investors Mubadala, The Latest Ventures, Africinvest, Palm Drive Capital, Triatlum Advisors AG, and Future Africa, have invested $100m in a Series B funding round in Moove, a global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, valuing the company at $750m.
Development Partners International (DPI), British International Investment (BII), the UK government’s Development Finance Institution, and the European Bank for Reconstruction and Development (EBRD), have sold 100% of the shares in KELIX bio, an emerging markets biopharmaceuticals platform, to Mubadala Investment Company (Mubadala), the Abu Dhabi investor with over $276bn in assets under management.
African Infrastructure Investment Managers (AIIM) has led an investment consortium comprising STOA, an impact fund in infrastructure and energy dedicated to developing and emerging markets, and Thebe Investment Corporation, to acquire Octotel, a South African fibre network operator, from Actis, a global investor in sustainable infrastructure.
For the first time in almost a decade of consistently strong growth, the number of venture capital deals in Africa decreased by 31% YoY, according to the African Private Capital Association 2023 Venture Capital in Africa Report.
Climate and impact fund manager Camco has unveiled a new technical assistance facility (TAF) to accelerate the growth of Sub-Saharan African markets for renewable energy and energy access.
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has announced a $1.5m investment in MDaaS Global, a modern, tech-enabled healthcare company enabling clinically underserved communities, access to quality and affordable healthcare and diagnostic services across Africa.
TPG has fully exited its stake in Mavin Global to Universal Music Group (UMG), the world leader in music-based entertainment, while Kupanda Capital will a remain minority investor and strategic adviser.
Adenia Partners, a private equity firm that has been making responsible and sustainable investments in Africa for over 20 years, has signed an agreement with Air Liquide, world leader in industrial and medical gases, for the acquisition of 12 of its subsidiaries in West and Central Africa and the Indian Ocean.
XSML Capital, a provider of growth capital to SMEs in Central and Eastern Africa, has launched its fourth fund, African Rivers Fund IV (ARF IV), with a first close of $98.7m.
Capria Ventures, a Global South specialist investing in applied Generative AI, has led a $2.95 investment round in BFREE, Africa’s ethical credit manager platform.
Verod, a prominent African investment management firm specialising in private equity and venture capital, has invested in i-Fitness, West Africa’s largest and fastest-growing fitness chain.
