FMO, the Dutch entrepreneurial development bank, has signed a NASIRA portfolio guarantee for $15m in local currency for its existing customer I&M Bank in Kenya.
Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers, has acquired a significant minority stake in Cybersmart, a South African Internet Service Provider and Fibre Network Owner.
Tanmeyah for Microfinance Services, a wholly-owned subsidiary of EFG Hermes Holding and Egypt’s provider of microfinance solutions, has acquired Fatura Netherlands.
PAPE Fund 3, a mid-market South African private equity fund, has acquired an equity interest in Entersekt, a global leader in device identity and payment authentication.
African Infrastructure Investment Managers (AIIM) has acquired, through its IDEAS Managed Fund (IDEAS), majority stakes in three new solar power plants in South Africa.
Naspers, through its early-stage tech investment vehicle Naspers Foundry, has made a R40m ($2.5m) investment in Nile, a South African agritech company that connects farmers to buyers of fresh produce.
DOB Equity, Launch Africa and Founders Factory Africa have invested in Zuri Health, the digital healthcare company which provides affordable healthcare via mobile.
The Private Infrastructure Development Group’s (PIDG) Emerging Africa Infrastructure Fund (EAIF) has provided a $10.6m loan over 17 years to Serengeti Energy, the developer of the Nyamwamba ll 7.8MW run-of-the-river hydroelectricity plant in the Kasese District of Western Uganda.
TA Associates, Mubadala Investment Company and The Carlyle Group have taken a minority stake in Apex Group, a financial services provider.
Phatisa, together with a consortium of leading development finance institutions, has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group, for an undisclosed sum.
Spear Capital has announced additional backing for Arkay Plastics, allowing this portfolio company to expand into new territories through the company’s Malawian operations.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has invested in DT One, a global B2B digital micropayments platform powering cross-border transfers of mobile top-ups, data bundles, gaming pins and gift cards.
LeapFrog Investments and Tana Africa Capital have made a strategic investment in Interswitch, one of Africa’s leading technology-driven companies focused on the digitisation of payments.
African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx (MetroFibre), following approval from the Independent Communications Authority of South Africa.
