Mediterrania Capital Partners, a private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, has announced plans to raise €250m for its third fund, Mediterrania Capital III (MC III).
Apis Growth Fund I, a private equity fund managed by Apis Partners, has acquired a non-controlling minority stake in Trans-Fast Remittance, a global payments company.
Apis Partners, a private equity asset manager focused on financial services in the growth markets of Africa and South Asia, has announced the final close of Apis Growth Fund I.
IVP alongside Ribbit Capital and others have injected more than $30m in Series B financing round in Tala, a mobile technology and data science company.
FWA Financial, a private diversified African investment company, has acquired 90% of total issued share capital in Imara, a Botswana listed asset management and advisory group.
Cupric Canyon Capital's wholly owned subsidiary, Khoemacau Copper Mining (KCM), has entered into a $50m term loan facility agreement with Red Kite Mine Finance to provide funding for Khoemacau copper-silver project in Botswana.
Medu Capital, a private equity company focused on established medium sized owner-managed businesses, has acquired a 15% stake in Hero Telecoms (HeroTel) at an enterprise value of R495m.
Development Partners International (DPI) has become a signatory of the United Nations Principles for Responsible Investment (UNPRI), the world's leading advocate of responsible investment.
Trustco Group Holdings has secured N$1bn in capital over the last six months through various funders, with the latest being a financing facility of up to N$540m ($40m) in December 2016 with Helios Credit Partners.
Capitalworks, an independent alternative asset management firm based in South Africa, has agreed to acquire Aon’s shareholding in its African insurance brokerage and employee benefit operations in a number of countries.
The shareholders of the Sindila hydropower project have announced that the 5.25MW run of river project achieved financial close on January 30, 2017 and has commenced construction.
Amethis Finance and Metier have acquired a significant minority stake in the packaged food business of Kenafric Industries, a major FMCG group in East Africa.
Injaro Investments, the manager of the agricultural impact fund IACHL, has sold its 30% stake in seed producer Nafaso to the founders and other shareholders.
Safaricom’s Spark Venture Fund has backed FarmDrive, a Kenyan-based data analytics company developing technologies to address the global $450bn agricultural funding gap.
