Mirova, a France-based global sustainable investment and asset management group, has invested $15m in SolarAfrica, a renewable energy enabler and independent power producer, making its first first investment in South Africa.
SPE PEF III (SPE Capital), the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV) and British International Investment (BII) have agreed to acquire Tamweely Microfinance (Tamweely), a non-banking financial services company in Egypt specializing in serving micro, small and medium enterprises (MSMEs), from its current shareholders: Ayady for Investment & Development, NI Capital Holding for Financial Investments, and Post for Investment Company.
Mergence Investment Managers has invested R160m in Solarise Africa, an energy-as-a-service company for businesses across Africa.
Pepea, an impact investment fund from Oxfam Novib managed by Goodwell Investments, has made its first investment into Gaea Foods, a potato-processing company targeting the B2B market, based in Nairobi, Kenya.
Adenia Partners has completed the acquisition of Air Liquide’s operations in 12 African countries, giving birth to Erium, the first pan-African leader in industrial and medical gases.
Sango Capital has acquired a majority of the Limited Partner interests in Synergy Private Equity.
MNT-Halan, Egypt's first unicorn and fastest-growing fintech company, has raised a total of $157.5m ─ $40m from the International Finance Corporation (IFC) and the remainder from DPI (Development Partners International), Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp.
Sanari Capital, a private equity firm that invests in medium-sized and mid-market growth companies from Africa, has announced a R80m follow-on investment in EduLife Group.
PAPEfunds has recently acquired Nedbank Private Equity’s equity stake in Entersekt, a Financial Authentication Company, following an initial investment in July 2022.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $47.5m of mezzanine funding for Two Rivers International & Innovation Centre (TRIFIC SEZ), a first of its kind services-oriented business park in a special economic zone located within the prestigious diplomatic blue zone of Nairobi, Kenya.
TLG Capital, an alternative investment firm, has announced a $10m structured private credit facility for one of the country’s largest aluminum recyclers in Nigeria, in collaboration with Wema Bank, Nigeria’s financial institution and pioneer of Africa’s first fully digital bank, ALAT.
Social impact investing cooperative Oikocredit has made a first-time loan of $10m (€9.3m) to AfricInvest Private Credit (APC) to augment support for small and medium enterprises (SMEs) throughout Africa.
African Infrastructure Investment Managers (AIIM), a division of Old Mutual Alternative Investments, has reached financial close on the 140MW Khangela and 140MW Umsinde Emoyeni wind farms to supply renewable energy to the operations of Rio Tinto’s Richards Bay Minerals (RBM) and Sibanye Stillwater via wheeling agreements.
TLG Capital, a leading African investment firm, has announced its 40th deal, providing a $5m financing line to Liberty & Justice, an Africa-made swimwear line.
