Arise has received approval from the Central Bank of Mozambique to acquire a 29.5% stake in Moza Banco, a locally owned bank, through a subscription of new shares.
Africa-focused private equity firm, ECP, has acquired a majority stake in Artcaffé Coffee and Bakery (Artcaffé), a restaurant group operating in Kenya, for an undisclosed amount.
CDG Capital Private Equity, a private equity firm focused on growth investments for SMEs in Morocco, has acquired a stake in Trarem Afrique, a manufacturer and distributor of office furniture in Morocco.
AfricInvest and Catalyst Principal Partners, a pan-African and regional private equity firms, have invested in Prime Bank through AfricInvest Azure, a special purpose vehicle formed by AfricInvest and Catalyst Fund II.
The Carlyle Group has agreed to invest $40m in Wakanow, an online travel agency focused on West and East Africa, with principal operations in Nigeria.
SFO Group, an independent multi-family office specialized in global real estate investment, development and asset management, alongside HC Capital Properties, have invested in Cosmos Yopougon, a shopping centre in Côte d’Ivoire.
Convergence Partners, Nedbank and Sanari Capital have invested $3m in Snapt, a disruptive application delivery controller (ADC) company, in series A funding.
DOB Equity has invested in Ten Senses Africa, an organic and fair-trade certified macadamia producer, processing and trading company in Kenya.
AfricInvest, a Pan-African mid-cap-focused private equity firm, has invested in Les Centaures Routiers (LCR), the largest independent transportation company in Côte d’Ivoire.
AfricInvest has partnered with Gulf Capital for the first time to provide a $51m structured loan and equity investment to iSON Xperiences (formerly Ison BPO), one of the largest outsourcing and customer service companies operating in 14 countries in Africa and India.
Equator Capital Partners, an impact fund manager, has announced the first investment from its new ShoreCap III fund in MFS Africa, a Pan-African fintech company, operating the largest digital payments “hub” on the continent.
Ethos Fund VII, a new large-buyout fund, has invested R700m in Channel VAS, a global provider of mobile financial services, Big Data analytics and airtime credit service.
PAPE Fund Managers has invested in Singular Systems, a long-established fintech company with offices in Johannesburg, Cape Town and London, UK.
XSML has announced its third investment via the African Rivers Fund in Ecopharm Uganda to finance further expansion of its outlets as well as acquire a pharmaceutical wholesaler.
