TIDE Africa, an international venture capital fund focused exclusively on technology enabled solutions and innovation serving Sub-Saharan Africa (SSA), has reached its first close of $40m of the $100m target.
LeapFrog Investments, a profit-with-purpose investor in emerging markets, has invested $180m in Ghanaian financial services provider, Enterprise Group.
LeapFrog Investments has acquired an undisclosed stake in Cignifi, a big data platform that aims to extend financial inclusion to one billion emerging consumers.
The African Development Bank, CDC Group, and the Dutch Good Growth Fund have jointly committed $31m to the Fund for Agricultural Finance in Nigeria (FAFIN).
The East African region is witnessing a change in momentum post 2016, where more East Africa based pension funds have begun to put money in local GPs, Eva Warigia, Executive Director of EAVCA, has said.
South African private equity firm Metier has partially exited its investment in plastic products manufacturer Astrapak and has agreed to exit Inhep Electronics Holdings (Inhep).
XSML has invested an undisclosed sum in Maison Galaxy, a retail chain based in Kinshasa, DRC, known for its Shaina and Galaxy branded stores.
The Emerging Africa Infrastructure Fund (EAIF) has provided a €6.6m financing to Melec PowerGen (Matelec Group), the owner and operator of the Tobene power station in Senegal.
ABO Capital, an international investment firm headquartered in Angola, has purchased Complexo Escolar Privado Internacional, the Turkish school in Benfica, a neighbourhood in the Samba district, south of Luanda.
Fanisi Capital is targeting Sh10bn over next 12 months for its closed-ended 10-year SME venture fund.
African Infrastructure Investment Managers (AIIM), through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali.
The Emerging Africa Infrastructure Fund (EAIF) has signed a Participation Agreement with the IFC to provide a $16.9m B Loan, with a +16-year term, to Central Solar de Mocuba (CESOM), the private sector developer of the Mocuba solar farm in Northern Mozambique.
Rand Merchant Investment Holdings (RMI) and Nedbank Private Equity (NPE) have each acquired minority shareholding in SA fintech company Entersekt in a multi-million dollar transaction.
AfricInvest Private Equity Fund III has invested in International Community School (ICS), a private K-12 school in Ghana.
