Leadway Assurance, Trium Networks and a number of Nigerian HNIs have participated in an oversubscribed seed round of $3.1m (N1.3bn) into Sparkle, a mobile-first digital bank that provides financial, lifestyle and business support services to Nigerians across the globe.
Adenia Partners has acquired a majority stake in Altilands, the parent company of Red Lands Roses, a grower of premium fresh-cut roses in Kenya.
Egypt-based Fawry and wider consortium of Western venture capital firms have invested $5m in alsoug, the largest digital classifieds and marketplace in Sudan.
The Futuregrowth Community Property Fund (Comprop) has acquired two prime shopping centres, King Senzangakhona Shopping Centre and Murchison Mall, from two listed REITs.
One Thousand & One Voices (1K1V) has announced a R200m (approximately $13.5m) investment in a minority stake in Digital Ecosystems (DigiCo), an investment holding company that provides integrated technology services to the telecommunications sector, as well as various SaaS platforms.
ARPF, a Mauritian private equity fund advised by London-based ARCH Emerging Markets Partners, has provided $2.5 in convertible note financing to Sun Exchange, a crowd-based global solar leasing platform
Softbank Vision Fund 2 has led a Series E $200m investment in Andela, a global network for remote engineering talent, that values the company at $1.5bn
Alitheia IDF, a private equity fund that identifies, invests in, and grows SMEs, has led a $3m Series A investment round in ReelFruit, a premium dried fruit company in Nigeria.
Amethis has acquired a minority stake in Avacare, a distributor and manufacturer of pharmaceuticals and healthcare consumable products in Zimbabwe.
The Facility for Energy Inclusion (FEI) has acted as lead arranger for a €60m multi-country facility for AktivCo SAS’ subsidiaries in Chad, Niger, Cameroon, Ivory Coast, and Burkina Faso.
Apis Growth Fund II, Development Partners International (DPI), Lorax Capital Partners, Middle East Venture Partners, Endeavor Catalyst, and DisruptTech, have backed MNT-Halan, Egypt’s fintech ecosystem, with approximately $120m.
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.
