STANLIB Infrastructure Fund II has agreed to acquire a majority stake in the 258 MW Upington Solar Power complex from two Norwegian investors, Scatec and Norfund.
Phatisa has acquired a significant minority stake in MHL International Holdings (MHL), a printing and packaging group in sub-Saharan Africa.
Sanlam Private Equity (SPE), has acquired a controlling stake in SkipWaste, a provider of integrated waste management solutions to commercial, industrial and retail clients primarily in Gauteng. SPE, a division of Sanlam Investments, made the acquisition through its new private equity fund, SPE Mid-Market Fund I.
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana has made a follow-on investment in AgroEknor International, a fast-growing hibiscus flower exporter and wellness brand.
The Emerging Africa Infrastructure Fund (EAIF) has announced a €25m finance facility to Ivoire Hydro Energy (IHE), which will build a 44MW hydro electricity generation plant on the Bandama River near the village of Singrobo in Côte d’Ivoire.
Catalyst Fund has announced a $2m investment into 10 startups building solutions to improve the resilience of climate-vulnerable communities in Africa.
The Futuregrowth Community Property Fund (Comprop) has acquired KG Mall, which brings the Comprop portfolio to 23 shopping centres, with a total gross lettable area of more than 392 000 meters squared valued in excess of R6.6bn.
Nclude has led a a $3m seed round in OneOrder, the MENA-based fintech-enabled restaurant management platform providing food supplies to hotels, restaurants and cafes.
ADP III, a fund advised by Development Partners International (DPI), and funds advised by Fireball Capital, have co-led an investment in Ukheshe International, a fintech enablement partner with an expanding footprint in key emerging markets globally.
Admaius Capital Partners via a subsidiary of the Virunga Africa Fund 1, it has made a significant investment in Power Brands, the parent company of Céréalis, Tunisia’s producer of salted snacks and a significant producer of baked goods.
Enza Capital, Oikocredit and Partech Africa have co-led a $14m equity investment round in Djamo, a Y Combinator-backed fintech building the leading personal finance company in Francophone Africa.
AIIM, Africa’s largest dedicated infrastructure private equity manager, has committed to invest $34m into Kenya’s Road Annuity Programme through its pan-African AIIF4 Fund.
The Facility for Energy Inclusion (FEI) has signed its first transaction in the commercial and industrial solar market, acting as lead arranger for a $33.4m multi-country facility for Solarise Africa’s subsidiaries in Africa.
Global technology investors Flexcap Ventures and revered founder/CEO of Infoscout, Jared Schreiber, have led a $32m series A round of equity & debt in Ramani, an African software company.