wiGroup secures investment from Virgin Group and Smollan
wiGroup, a mobile transacting software company, has secured investment from two leading global companies to fast-track its entry into emerging and developed markets.
wiGroup, a mobile transacting software company, has secured investment from two leading global companies to fast-track its entry into emerging and developed markets.
Injaro Investments and BIO have backed AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the deficit of protein foods in Niger.
Off Grid Electric has secured the largest venture equity investment into Africa – $55m in Series D funding led by Helios, acting on behalf of funds it advises, with support from GE Ventures and existing investors.
InfraCo Africa has signed a shareholders agreement with Berkeley Energy, committing $30m of equity investment to the Corbetti Geothermal project, doubling its original commitment of $15m.
InfraCo Africa will invest up to $3.1m to fund early-stage development costs for the Khoumagueli Solar PV project in the Republic of Guinea and provide experienced resource through its contracted developer, Aldwych Africa Developments Ltd (AADL).
The Emerging Africa Infrastructure Fund (EAIF) has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21m B loan to Central Termica de Ressano Garcia S.A. (CTRG).
TPG Growth has signed a definitive agreement to acquire a majority stake in TRACE, an afro-urban music and entertainment provider.
Partech Ventures has launched a €100m fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa.
Amethis Finance has announced on the acquisition of a minority stake in the Afriwara group, the largest shareholder of the Société Nouvelle de Confiserie de Vridi (brand Waraba), a major agribusiness company based in Ivory Coast.
Mediterrania Capital Partners alongside DEG, Proparco and South Suez have invested €55m in Travaux Généraux de Construction de Casablanca (TGCC), a general contractor specialising in construction and public works in Morocco and Sub-Saharan Africa.
KMR Holding Pédagogique, a state-recognised higher education platform in Francophone Africa, has acquired Université Internationale de Casablanca (UIC) from Laureate Education, Inc., the world’s largest global network of higher education institutions, subject to regulatory approvals.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan Africa, has invested in the Groupe Scolaire René Descartes, a private educational institution specialised in French and Tunisian programmes based in Tunisia.
LeapFrog Investments has sold a major stake in an emerging markets mobile insurer BIMA to Allianz X as part of a $96.6m transaction.
The success of real estate investment trusts (REITs) in South Africa, where the market is currently valued at $16.1bn, has prompted a number of other countries, including Kenya, Morocco and Rwanda, to introduce REIT legislation of their own.