African Infrastructure Investment Managers (AIIM) through its pan-African infrastructure fund, AIIF3, has acquired a significant stake in Sodigaz, an LPG distributor based in Burkina Faso and Benin.
Mauritius Commercial Bank (MCB) has provided a bridge loan to OrgaEarth, a Madagascar-based producer of cactus oil.
Seriti Capital Partners has acquired 100% of the shares of Cannon Asset Managers, a South African-based asset management firm, from Bidvest Financial Services.
LeapFrog Investments has acquired a 16.94% stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana, from Amethis and Edmond de Rothschild Equity Strategies (ERES).
Emerging Capital Partners (ECP), A.P. Moller Capital, DEG and Investment Fund for Developing Countries (IFU- Denmark), have launched ECP Power & Water Holding, a company that will invest in the industrial group Eranove.
Oasis Capital Ghana, manager of the Oasis Africa VC Fund (OAF), has announced a dual minority investment in Sonam Générale Assurances Côte d’Ivoire and Sonam Assurances Vie Côte d’Ivoire.
Speedinvest and Left Lane Capital have led a $23m Series A financing round in Moove, an African mobility fintech company.
ULIMI Fund, a private equity fund managed by Old Mutual Investment Group Malawi, has made a significant investment in Gala Agriculture Company, a successful macadamia plantation in Malawi.
Edge Growth and the ASISA ESD initiative have invested R20m in I-G3N, the only black empowered female-owned SME to successfully develop lithium-ion batteries specifically for the African continent.
A consortium of investors led by South African private equity fund manager Metier has invested $36m in Africa Mobile Networks (AMN).
Qatar Holding, an affiliate of the Qatar Investment Authority (QIA), has agreed to $200m in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa. AMC BV is the holding company for several of Airtel Africa’s mobile money operations; and ultimately is intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries.
Mediterrania Capital Partners has invested through its fund MC III, in Dislog Industries, one of the largest FMCG manufacturers in Morocco.
Investisseurs & Partenaires (I&P) has led a $7.9m Series A.0 fund raise in Zeepay. a Ghanaian fintech company.
African Development Partners II (ADP II), a fund advised by Development Partners International (DPI), and AfricInvest have announced the completion of Compagnie Marocaine de Goutte à Goutte et de Pompage’s (CMGP) merger with Comptoir Agricole du Souss (CAS), creating a new champion in Moroccan and African agriculture, which will be known as CMGP-CAS.
