DOB Equity, a Dutch family office, AHL Venture Partners, an impact-focused venture capital firm in Africa, and private investors have backed PowerGen Renewable Energy by injecting $4.5m in a Series A investment round.
The African Development Bank (AfDB) is looking to raise up to $400m from DFIs, impact investors and commercial banks for a pan-African renewable energy debt fund.
Algebra Ventures has announced the $40m first closing of its new technology venture capital fund, at the moment the largest in Egypt.
Ajinomoto has acquired a 33.33% stake in Promasidor Holdings, a major processed foods manufacturer in Africa, for $532m from Tana Africa Capital and the company’s founding partners.
Gulf Capital, one of the largest alternative investment firms in the Middle East, has reached the final close of its second private debt and mezzanine fund, Gulf Credit Opportunities Fund II, over its target cover of $250m (AED925m).
Citigate International, a Dubai based financial consultancy, has announced the successful closing of Safa Afrique with $10m raised from GCC investors.
Lumos Global, a Netherlands-based off-grid solar firm operating in Nigeria, has raised $90m in a funding round from OPIC, Pembani Remgro and other investors.
The Amandi Energy consortium has reached financial close and begun construction of the $552m Amandi Energy Power Plant in Aboadze, Ghana.
DOB Equity, a Dutch family office, has invested in Countryside Dairy, at a publicly undisclosed value as part of a commitment to increase social impact investment deals in Kenya.
The Agroforestry Technical Assistance Facility (ATAF), managed by the Common Fund for Commodities (CFC), has achieved a first closing of $2.8m.
Futuregrowth Asset Management has provided R300m ($21.72m) in funding to SA Taxi to provide financing to the company's Zebra Cabs owner-driver scheme.
Taaleri, a Finnish private equity fund and financial services group, has announced plans to invest Sh10bn ($98m) in East and South African real estate projects, Business Daily reported.
TLG Capital has invested an undisclosed amount in Snapper Hill Clinic (SHC), a Liberian healthcare provider, through its Credit Opportunities Fund.
Synergy Private Equity Fund (SPEF) has invested in MSY Analytics Group (MSY), a technology driven professional services and data analytics company, focused on increasing corporate human capital productivity and organizational positioning.
