HAVAÍC, a South African venture capital firm, has led a $1.4m secondary investment in a global calling app Talk360.
The Private Infrastructure Development Group (PIDG), through its project development solution, InfraCo has exited its preference share investment in InfraCredit Nigeria for $26m, achieving a strong return despite challenging macroeconomic conditions.
Sahel Capital, an investment manager focused on the food and agriculture sectors across sub-Saharan Africa, has successfully closed a $2.4m working capital loan to Kuapa Kokoo through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has committed €40m in sustainability-linked financing to Cabo Verde Airports to support the second phase of a landmark programme to expand, modernise, and decarbonise seven airports across Cabo Verde.
Adenia Partners, a private equity firm focused on growth opportunities in Africa, has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital Partners, an Africa-focused private equity firm, alongside Dr. Sherif Bassiouny, Chairman of Parkville, and Dr. Mahmoud Farrag, CEO of Parkville.
Salt Capital, an Africa focused private equity firm with a core focus on the Southern Africa Development Community (SADC), has with the partnership of one of its largest LPs, South Suez Capital, completed the acquisition of Welwitschia Hospital, ERAD Radiology, and Spescare Namibia. Salt Capital has since inception considered Namibia as a priority market and has to date built an established track record in the country.
Lightrock, a global sustainable investment platform, has invested $40m in Sun King, the world’s largest off-grid solar energy company.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has made a $15m investment in WIOCC, a key pan-African telecommunications infrastructure provider.
AfricInvest Europe has announced its investment in Tecofi Group, a specialist in industrial valve design and manufacturing, via its Fonds Franco-Africain 2 (FFA II).
Mergence Renewable Energy Debt Fund II Trust, managed by Mergence Investment Managers, and Specialised Listed Infrastructure Equity En Commandite Partnership (SLIEP), managed by Creation Capital, have incorporated a special purpose vehicle called Sustent Holdings, to act as the offeror to acquire and delist Mahube Infrastructure, a company listed on the JSE in 2015 and initially trading as GAIA Infrastructure Capital.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has committed XOF 10bn (~$18m) to anchor the second phase of Côte d’Ivoire’s landmark social receivables-backed securitisation programme, dedicated to expanding electricity access for millions of people across the country.
Vodacom Group, a pan-African telecommunications group, has entered into an agreement with the Government of Kenya to acquire 15% of Safaricom and an additional 5% from Vodafone at KES34 per share, valuing the deal at $2.1 billion (R36 billion).
The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank) has made a $300m strategic investment in the Africa Minerals and Metals Processing Platform (A2MP).
Mediterrania Capital Partners (MCP), a private equity firm focused on growth investments in SMEs and mid-cap companies across North and Sub-Saharan Africa, has announced a €100m co-investment in Coris Holding, the second largest banking group in the West African Economic and Monetary Union (WAEMU).
