Hybrid Equity, a division of Old Mutual Alternative Investments (OMAI), is taking up a significant stake in the capital structure of Enable Capital, a short-term funder that uses innovative technology as a distribution platform.
Gemcorp Capital Management has committed a substantial capital investment into Milele Energy, a clean energy platform to be headquartered in Nairobi, Kenya.
e& capital, the tech investment arm of e&, has led a $10m pre-series C round in almentor, an online video learning platform in Arabic.
Infra Impact Investment Managers has helped its portfolio company, Eagle Towers, secure a ZAR100m senior secured loan facility to support Eagle Towers’ growth and expansion plans.
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, have acquired a majority stake in VRS Africa.
DOB Equity has led a $3m seed funding round in Power Financial Wellness (Power), a Kenya-based financial technology provider.
FoodLabs has led a $1.5m investment in foodtech startup Terraa, which was the largest pre-seed investment round in Morocco.
Spear Capital has concluded an investment deal with Greenwave Milling, a manufacturer and distributor of quality high-value basic commodities throughout Zimbabwe.
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm has partnered with Yabx, a company incubated by Comviva and part of the Mahindra Group, to address a deep-rooted need for responsible consumer finance in Africa.
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.
