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.
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.
