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.
Inside Equity Fund has committed to invest $2.75m in Alpha to finance the doubling of its waste collection and processing capacity in Zambia.
Inspired Evolution’s Evolution II Fund in partnership with the company’s management, has closed a buyout of Building Energy’s Africa and Middle East business to launch the newly branded Red Rocket.
Partech and Sawari Ventures have invested $4m in a Series A investment round in Egyptian fintech platform MoneyFellows as it works towards helping millions of new users reach their financial goals.
HAVAIC, a Cape Town based venture capital investment firm, has invested in Mobiz, a South African mobile marketing platform.
ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARPF) has invested $3m in Sun Exhange, a technology and solar finance innovator across Africa, marking the close of its $4m Series-A funding round.
