AHL Venture Partners, an impact investment firm in East Africa, has acted as lead investor in Crop Nutrition Laboratory Services (Cropnuts) in Kenya.
Meridiam and partners, ENGIE and FONSIS, have achieved final close for two solar photovoltaic projects, Kahone Solaire SA (35MW) and Kael Solaire SA (25MWp), located in the Diourbel region of Senegal.
XSML has announced an investment, through its African Rivers Fund, in Ice Industries (ICE), a producer of flake ice, which is used mainly to keep fresh produce cold and is an essential element for the fishing sector in Uganda.
Luxembourg-based InsuResilience Investment Fund has agreed to acquire a 39.25% stake in Royal Exchange General Insurance Company, one of the largest non-life insurance companies in Nigeria.
IDG Capital, Sequoia China, Source Code Capital, Meituan-Dianping, GSR Ventures and Opera have invested $50m in OPay, a provider of a rapidly growing mobile payment service and consumer platform.
Investec Asset Management (IAM) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt, a rapidly growing supermarket chain.
EXEO’s Agri-Vie Fund II, a private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has concluded the subscription for a significant minority shareholding in PPHL.
A responsAbility-managed energy holding company has acquired a 26% interest in Renewable Energy Holdings (REH), a South African based developer, owner and operator of run-of-river hydropower projects in Southern Africa.
Consonance Investment Managers, with participation from TechStars Ventures, FINCA Ventures, and others, has invested $1m in a Nigerian healthtech company MDaas Global.
The uMunthu fund managed by Goodwell Investments, via its West Africa partner Alitheia Capital, has acquired a share in MAX.ng (MAX), an app-based motorcycle hailing in West Africa.
Naspers Foundry, a South Africa-focused start-up funding initiative, has announced its first deal, with a R30m investment in SweepSouth, an online cleaning services platform that connects clients with trusted, reliable domestic cleaners.
Ethos Artificial Intelligence (AI) Fund and co-investors have invested R200m in recently launched digital bank TymeBank, which is majority owned by African Rainbow Capital (ARC).
Goodwell Investments has led the investment round with participation from Allan Gray, RGAx and angel investors in Inclusivity Solutions, an Africa-based technical service provider for digital insurance solutions.
Emerging Capital Partners (ECP) has agreed to acquire a substantial stake in Mauritius-based Inter Africa Transport Forex (IATF), which operates a financial technology platform.
