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.
NBK Capital Partners has invested an undisclosed sum in Kaumeya Language Schools (KLS) in Egypt to support the school in the next phase of its growth.
The Carlyle Group, a global alternative asset manager, has agreed to acquire a majority stake in CMC Networks, a Pan-African provider of managed connectivity solutions for global telecoms providers.
Catalyst Principal Partners, East Africa focused private equity firm, has sold its controlling stake in Kenya’s pharmaceutical retailer Goodlife Pharmacy to LeapFrog Investments.
Hermes-Sojitz, an international direct investments fund, has sold its 60.3% stake in Sinopac, a company involved in exploration and mining of rare earth metals in Africa, for $340m.
The Ethos Mid Market Fund I, a black-managed, mid-market focused fund in South Africa, has raised R675m ($47.39m) at first close, Africa Global Funds can reveal.
Visionnaire Ventures-led investment consortium has invested $25m in a robotics company Zipline to deliver blood and life saving medical supplies in Rwanda.
The Emerging Africa Infrastructure Fund (EAIF) has invested $25m in a new company set up in Sierra Leone by a private sector joint venture to build a 57MW, oil-fired, power station at Freetown.
African boutique investment and advisory firm HAVAIC, together with funding from UK-based investor Kevin Gaskell, have injected R6.5m into South African creative technology startup delvv.io.
CDC Group, University Ventures and Savannah Fund have invested $12m in UNICAF, a global educational online organization.
Private equity investment in African infrastructure has been an emerging theme over the past decade, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
iono.fm, a South African podcast and audio streaming services, has received $175k (R2.5m) in a funding round led by Clifftop Colony.
Flint Atlantic Capital Partners, a Nigerian healthcare impact investment firm, has invested in Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda.
BHR Partners, a Chinese private equity firm, has agreed to acquire TF Holdings, a Bermuda holding company that owns an 80% interest in Tenke Fungurume Mining for $1.136bn in cash and contingent consideration of up to $51.4m.
