The Namibia Infrastructure Development and Investment Fund (NIDIF), an infrastructure fund with the mission to develop economic and social infrastructure assets in Namibia and managed by Eos Capital, has invested in acquiring a significant minority stake in the Namibian business of Lightstruck Holdings, a fibre infrastructure company, specialising in open access last-mile fibre networks.
Convergence Partners' Digital Infrastructure Fund (CPDIF), IFC and the International Development Association's (IDA) Private Sector Window Blended Finance Facility have invested $25m in CSquared Link Holdings (Mauritius), a pan-African technology company committed to digitally connecting Africa by making impactful investments in telecommunications infrastructure throughout the region.
The Green Climate Fund (GCF) has approved a $50m equity investment in REPP 2, a new debt fund providing an opportunity to invest in Sub-Saharan Africa’s fast-growing renewable energy market.
STOA, DFC and Proparco have joined FMO and other existing investors in a $43m equity investment in mini-grid leader Husk Power Systems.
Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, and its fund manager, Ninety One, have committed a $31m debt facility to Paratus Group Holdings to finance the expansion of its fibre and data centre business over the next three years.
Inspired Evolution’s Evolution III Fund, in partnership with Dutch Development Bank FMO and STOA Infra and Energy, has successfully closed the 75% acquisition of the Red Rocket Group.
Exeo Capital’s Agri-Vie II Fund has invested $10m in Amos Dairies, a Ugandan dairy production firm.
Verod Capital and AfricInvest have acquired a majority stake in iSON Xperiences, an ICT solutions provider across Africa, the United Arab Emirates, and India.
The Fund for Export Development in Africa (FEDA), Afreximbank’s impact investment subsidiary, has invested in Cabinda Oil Refinery, an integrated modular oil refining platform in Angola being developed by Gemcorp in Joint Venture with Sonangol.
Alitheia IDF, the first dedicated gender focused investing Private Equity Fund in Africa, has invested $5m in a South African woman-owned textile company, IVILI Group.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has invested €57m in Moroccan financial services provider CASH PLUS together with FMO, the Dutch entrepreneurial development bank, and IFC, a member of the World Bank Group.
Harith General Partners, a Pan-African investor and developer of infrastructure projects across the continent, has agreed to acquire a significant stake (46%) in Mergence Investment Managers, an institutional fund manager with a strong 19-year track record and capability across both Private and Public markets within SADC.
Adenia Partners, a private markets investment firm committed to responsible investing and a sustainable Africa, has completed a majority investment in Enfin, a solar financing solutions provider serving commercial and industrial clients across South Africa.
The Vumela Enterprise Development Fund has invested R18m in Rentoza, South Africa’s first pure play subscription model for digital goods and appliances.