Kuramo Capital Management has acquired a majority stake in GenAfrica Asset Managers, one of the largest pension fund managers in Kenya and Uganda, from Centum Investment Company.
Sahel Capital and Coscharis Group, a Nigerian Conglomerate with interests across several sectors of the Nigerian economy, have invested in Coscharis Farms, a subsidiary of Coscharis Group.
EchoVC, a seed and early stage venture capital firm, has invested in Nigeria's hostel booking platform, MyPadi, to accelerate expansion into more cities, schools and improve its products.
Inspired Evolution has signed a deal to invest up to $36m in Alten RE Developments Africa B.V., the sub-Saharan Africa-focused subsidiary of Alten Energías Renovables.
Goodwell Investments has agreed to a follow-on investment in Musoni Services to support its fast client growth.
Grit has announced its first foray into Ghana by acquiring 5th Avenue Corporate Offices in Accra for $20.5m from Greenline Development, a regional real estate developer.
African Infrastructure Investment Managers (AIIM) has invested through its African Infrastructure Investment Fund 3 (AIIF3) in Starsight Power Utility, as part of a $30m equity round.
Swicorp and Wamda have led a financing round in Mumzworld, one of the Middle East and North Africa (MENA) e-commerce players dedicated to mothers, babies and children.
Ethos Mid Market Fund I has acquire a 31% equity stake in South African-based corporate Internet Service Provider, Echo. Arshad Essa, Ethos partner, said: “We are investing behind Echo’s market penetration drive into South Africa, where the business already provides best-of-breed network solutions to an increasingly diversified client base.”
Goodwell Investments has acquired a minority equity stake in Oradian, one of the world’s fastest growing providers of digital solutions for financial institutions in frontier markets.
Investec Asset Management, through its Africa Private Equity capability, has recently concluded a further equity investment in Mobisol, following the initial investment made in late 2016.
Amethis has acquired a significant minority stake in Groupe Premium, an industrial equipment distributor in Morocco and now present in West Africa, to support the firm’s African expansion.
Ascent Rift Valley Fund (ARVF), an SME Private Equity Fund investor, has signed an investment deal that will see it acquire a majority stake in Auto Springs East Africa.
EXEO Capital via its $175m Agri-Vie Fund II has made an inaugural investment into a fast-growing aquaculture company operating on the South and West coasts of South Africa – TerraSan.
