Tana Africa Capital has invested through its second fund Tana Africa Capital II (TAC II) in Kensington Distillers & Vintners (KDV), a fast-growing alcoholic beverage manufacturing and distribution business with operations in South Africa, Kenya and Nigeria.
African Infrastructure Investment Managers (AIIM), Adenia Partners and IFC have partnered to invest $130m to support Eastcastle Infrastructure (Eastcastle), a company specializing in Africa’s telecoms tower sector.
Adenia Partners has acquired a majority stake in Herholdt’s, a distributor of low-voltage electrical products and solar products in South Africa.
Gemcorp Group, an emerging markets investment, commodities and energy group, has completed a management buyout from its seed investor.
Gemcorp Capital has led a $105m financing for Africell, a fast-growing pan-African mobile network operator.
The Takatso Consortium, which comprises Harith General Partners and local aviation group, Global Aviation, has been selected as the Preferred Strategic Equity Partner (SEP) for South African Airways (SAA).
Vital Capital has approved two new loans from its Vital Impact Relief Facility (VIRF) to Sollatek, a leading manufacturer of solar and voltage control products, and Privamnuts, a macadamia nut processor and exporter that is leading the modernization of the macadamia industry in Kenya.
African Infrastructure Investment Managers (AIIM) along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF), through its Digital Infrastructure Consortium platform and STOA, a foreign investment vehicle based in France, have agreed to acquire a 25.8% interest in MetroFibre Networx (MFN) held by Sanlam Private Equity, African Rainbow Capital and a minority shareholder.
Wuri Ventures, a Pan-African venture capital fund, and Capria Ventures, have invested $1.5m in South African mobility data start-up WhereIsMyTransport.
Trustbridge has lead a Series A+ financing round in Speedaf express, a China-Africa integrated logistics service provider.
OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, has invested $5m in EthioChicken, an Ethiopian poultry company.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $23m of mezzanine debt funding to PickAlbatros Hotels, a hotel owner and operator in Egypt.
Helios Fairfax Partners (HFP) has led the formation investment round in a newly formed entity called NBA Africa, including the Basketball Africa League (BAL) – a partnership between the NBA and the International Basketball Federation (FIBA) and the NBA’s first collaboration to operate a league outside of North America.
Kasada Capital Management has acquired the 414-key Safari Hotels and Conference Centre in Windhoek, Namibia.
