Star Power Partners II, a mentorship-driven, startup accelerator and seed fund, has participated in a $1.1m investment round in Bamba, a boutique African data collection agency.
ADP I Fund has successfully sold its 27.7% shareholding in CAL Bank in Ghana to Arise BV, a financial services investment company whose major shareholders are Norfund, Rabobank and FMO.
FlightScope, a developer of 3D Doppler ball-tracking radar for sports, has bought out its venture capital partner, HBD Venture Capital.
South African asset manager Stanlib has partnered with Chestnut Uganda for the construction and development of a $50m shopping mall in Kampala.
The Carlyle Group has acquired through its Sub-Saharan Africa Fund, a 75% stake in CMC Networks (CMC), Africa’s largest managed connectivity provider, for over $100m (R1.4bn).
Within a month of its first closing, Ethos Mid Market Fund I has concluded investments into Autozone, Eazi Access and Twinsaver, acquiring 15%, 10% and 15% shareholding accordingly.
The South African M&A market is predicted to grow by 66% in the next two years, according to the Global Transactions Forecast issued by Baker McKenzie in association with Oxford Economics.
African Infrastructure Investment Managers (AIIM) has acquired a 60% effective interest in DSM Corridor Group Tanzania (DCG), a specialist dry bulk terminal operator in the Port of Dar es Salaam.
US venture capital firms Draper Associates and Greycroft Partners alongside existing investors have injected $2.5m in BitPesa, a pan-African bitcoin startup.
EXEO Capital, a pan-African private equity investment firm, has raised over $100m for the first close of its Agri-Vie Fund II, focused on the food and agribusiness sector in Sub-Saharan Africa.
Cytonn Investments has acquired a 25% stake in Superior Homes, a real estate developer in Kenya, with an option for further purchase over the near term.
Gaia Infrastructure Capital, a South African infrastructure investment holding company, has completed the acquisition of a 25.2% interest in Dorper Wind Farm for R501m ($37.49m).
Inspired Evolution, a South African clean energy and resource efficiency specialised fund manager, is targeting $250m for a final closing of its Evolution II fund by the end of 2017.
Impact investing is increasingly becoming an effective driver of socio-economic development in South Africa, particularly in the education space, Africa Global Funds has learned.
