Enygma Ventures via its Shift Fund has made a R4.2m investment into Job Crystal, South Africa’s recruitment company.
EFG Hermes (through its NBFI arm EFG Hermes Finance Holding) and GB Auto (through its NBFI arm GB Capital) have acquired a 75% stake in Tokio Marine Egypt Family Takaful, in a deal worth EGP 84.75 million.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Tanga Fresh, a dairy processor in Tanzania.
Sanari Capital, backed by 27four, has invested R25m in LightWare LiDAR, a South African company supplying world-class microLiDAR sensor technology to global companies.
Clean Energy Ventures and Breakthrough Energy Ventures, alongside Goodwell Investments, in partnership with Alitheia Capital, Total Energy Ventures, and other notable investors, have invested $12m in a Series A round in SparkMeter, a provider of grid management services, equipment, and software solutions.
Verod Capital Management has acquired 100% of AXA Mansard Pensions, a licensed pension fund administrator that offers retirement savings accounts and pension fund administration services to both private and public sector employees in Nigeria.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Joule Africa to provide $6m of funding to the 143MW Bumbuna Hydro II initiative in Sierra Leone.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided R82m of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo.
FirstRand’s Vumela Fund, managed by SME Venture Fund Manager Edge Growth, has invested $1m in an animation, gaming and AR/VR company Sea Monster.
Futuregrowth via its Development Equity Fund has invested in SweepSouth, a disruptive online platform for booking, managing and paying for home cleaning, and now a variety of other services.
Novastar Ventures, AXA Investment Managers (through the AXA Impact Fund: Climate & Biodiversity), FMO and Mirova’s Land Degradation Neutrality Fund, have invested $28m in a Series B round in Kenya-based tech-enabled sustainable forestry company Komaza.
LeapFrog Strategic Africa Investments (LSAI) has agreed to acquire a 24% stake in ICEA LION Insurance Holdings (ICEA LION Holdings).
The Emerging Africa Infrastructure Fund (EAIF), Private Infrastructure Development Group (PIDG) company, has agreed to invest up to XOF*29.5bn (circa $50m) in a bond issue that aims to raise XOF100bn ($170m) for investment in the Senegal business of Sonatel S.A, a West African telecommunications company.
Norsad Finance, an impact investor providing structured financing solutions to mid-market growth companies in Southern Africa, has provided a R150m medium-term facility to Grobank, a South African specialised commercial agricultural bank.
