Development Partners International (DPI), a pan-African focused private equity firm, and Convergence Partners have co-invested in Channel VAS, a fintech provider of mobile financial and airtime credit services operating in Africa, Asia and the Middle East.
South African based venture capital firm Vunani Capital has announced its recent investment into SnapnSave through the Vunani Fintech Fund.
Amethis, an investment fund manager dedicated to the African continent, has acquired a stake in VLH, the hospitality subsidiary of Rogers Group, a listed company on the Stock Exchange of Mauritius.
The Carlyle Group, a global investment firm with $223bn of assets under management, has acquired a majority stake in IsoMetrix, an Environmental, Health and Safety (EHS) software vendor, through their $698m Carlyle Africa (Buyout) Fund.
ElectriFI, an impact investment facility, investing in early stage private companies and projects, has invested $5m in PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company.
Pearl Capital Partners (PCP), though the Yield Uganda Investment Fund, has announced its fifth investment in Uganda by making a commitment to invest UGX3.9bn to Raintree Farms, an agri-ceutical enterprise specialising in the production and processing of organic moringa.
Standard Bank, Africa’s largest bank, has led a $4m investment round in Nomanini, a fintech platform for the informal retail ecosystem.
Mitsubishi Corporation, a global integrated business enterprise headquartered in Japan, has led a $50m Series D funding round into BBOXX, a next generation utility company.
Goldman Sachs - led investment consortium has invested $20m in Nigeria-based freight logistics business Kobo360.
Verod Capital Management and Red Bull GmbH, have invested in West Africa’s largest clothing manufacturer, DTRT Apparel.
DOB Equity, a Dutch family-backed impact investor in East Africa, and Global Innovation Fund (GIF), in partnership with Unilever, have co-invested in Mr. Green Africa, the Nairobi based recycler and recycled plastics supplier.
African Infrastructure Investment Managers (AIIM), and Nedbank Energy Finance have agreed to invest R400m in the renewable energy provider SOLA Group.
Following the successful delisting of Torre Industries from the JSE in April 2019, the business was successfully separated into Torre Analytical Services (TAS) acquired by Ethos Mid Market Fund I (EMMF) and Torre Industrial (TI) acquired by Apex Partners.
IFC and Quona Capital, with participation from existing investors Accion Venture Lab and Newid Capital, have invested $6.5m in Lulalend, South Africa’s first online automated provider of short-term funding for small and medium enterprises (SMEs).
