AfricInvest, via the Cathay Africinvest Innovation Fund, and Novastar Ventures, have led a $10m Series A equity in Turaco, an insurtech company driving mass market insurance adoption.
AfricInvest has invested $30m in Pre-Series B round in ArabyAds, an AdTech company in the MENA region.
Tana Africa Capital and Sango Capital have made a minority investment in Sundry Markets, one of Nigeria’s fastest growing modern grocery retailers.
Mergence Investment Managers, through its Infrastructure and Development Equity Fund, has acquired a controlling equity stake in a portion of the innovative affordable rental housing group, Live Easy.
Verdant Capital Hybrid Fund has announced its first $7m subordinated debt investment in Watu Credit Uganda to expand its footprint of two-wheeler financing throughout the country.
HAVAÍC has announced a $500,000 investment in FinAccess, an East African headquartered software solutions provider that digitises community banks or SACCOs (Savings & Credit Cooperative Organisations) and farming co-operatives (co-ops) in the region.
InfraCo Africa has made a $43m anchor investment into Climate, Energy Access and Resilience (CLEAR), a climate-focused fund advised by Helios Investment Partners (Helios).
InfraCo Africa has signed an agreement with Savenda Capital committing $2b towards construction of the ZAMBIAFresh Lusaka Market in Zambia’s capital.
Mirova, an affiliate of Natixis Investment Managers dedicated to impact investing, has acquired 100% of SunFunder, a private debt management company that finances renewable energy projects in Africa and Asia.
FMO, the Dutch entrepreneurial development bank, has signed a NASIRA portfolio guarantee for $15m in local currency for its existing customer I&M Bank in Kenya.
Infra Impact Mid-Market Infrastructure Fund 1, managed by Infra Impact Investment Managers, has acquired a significant minority stake in Cybersmart, a South African Internet Service Provider and Fibre Network Owner.
Tanmeyah for Microfinance Services, a wholly-owned subsidiary of EFG Hermes Holding and Egypt’s provider of microfinance solutions, has acquired Fatura Netherlands.
PAPE Fund 3, a mid-market South African private equity fund, has acquired an equity interest in Entersekt, a global leader in device identity and payment authentication.
African Infrastructure Investment Managers (AIIM) has acquired, through its IDEAS Managed Fund (IDEAS), majority stakes in three new solar power plants in South Africa.