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.
Citigate International, a Dubai based financial consultancy, has announced the successful closing of Safa Afrique with $10m raised from GCC investors.
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).
The Amandi Energy consortium has reached financial close and begun construction of the $552m Amandi Energy Power Plant in Aboadze, Ghana.
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.
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.
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.
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.
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.
Village Capital has partnered with Schooner Africa Fund to launch the Africa Investment Marketplace that will invest between $100k and $500k in early stage agritech startups in East Africa.
Capitalworks, a South African independent alternative asset management firm, has acquired a significant interest in IQ Business, an independent management consulting firm in South Africa.
Bpifrance and Proparco have announced a €75m interim closing of the Averroès Finance III fund with the addition of two new investors, Fransabank and Bank Audi.
