Kasada buys Cape Grace Hotel
Kasada Capital Management has acquired the 120-key Cape Grace hotel in Cape Town, South Africa.
Kasada Capital Management has acquired the 120-key Cape Grace hotel in Cape Town, South Africa.
4DX Ventures with participation from Darwazah Capital, Golden Palm Investments, P1 Ventures, has led a $3m seed funding round in Cairo-headquartered daily fantasy football platform, Eksab.
4DX Ventures has led a $3m pre-seed funding round in Tushop, a Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery.
Helios Investment Partners and Sojitz Corporation, one of the leading conglomerate investment and trading houses listed on the Tokyo Stock Exchange, have announced the completion of the sale by Helios of a 25% interest in the holding company of Axxela, the largest private sector gas distributor in Nigeria, to Sojitz.
Injaro Investment Advisors, a Ghanaian growth capital investor, has launched the GHS150m ($20m) Injaro Ghana Venture Capital Fund (IGVCF), its inaugural Ghana cedi denominated fund.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $10m of mezzanine debt funding to Compass Capital, a Egyptian private equity firm, to acquire six grade A office buildings in East Cairo.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement with Globology, committing $3.8m through its dedicated investment arm, to support the expansion of the company’s Waterbus passenger transport operations on Lake Victoria.
A15, a venture capital firm, has led a $1.2m fundraise in FlapKap, a company revolutionizing e-commerce and SaaS growth in the MEA region.
MaC Venture Capital has led a $2.3m Seed fundraising in Big Cabal Media (BCM), a pan-African media company headquartered in Nigeria.
AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital have invested $105m in an oversubscribed Series A2 round consisting of equity and debt in Moove, the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa.
Amethis has acquired a minority stake in SIBM, a manufacturer of precast concrete products in Côte d’Ivoire.
Greenhouse Capital has led a $1.5m pre-seed funding round inYep!, Lagos and San Francisco based super-app that boosts financial inclusion, economic opportunities, and remittances to and within Africa.
Development Partners International (DPI) and CDC Group (CDC, to be renamed British International Investment), the UK’s development finance institution that will shortly be renamed British International Investment (BII), today announced that have signed an agreement for KELIX bio to acquire Pharmaceutical Institute (PHI), a Moroccan-headquartered producer and distributor of generic and therapeutic pharmaceuticals.
Tana Africa Capital and KITEA Group, a furniture retailer in Morocco, have acquired a majority stake in Furniture Palace, a furniture retailer in Kenya.