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.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, has acquired a stake in CAIRO SCAN, a private provider of medical imaging services and diagnostics in Egypt, through its third fund (MC III).
The Emerging Africa Infrastructure Fund (EAIF), a part of the Private Infrastructure Development Group (PIDG), and Akuo Energy, a French green IPP, have signed a financing of the Akuo Kita Solar power plant, to be built at Kita in southern Mali.
wiGroup, a mobile transacting software company, has secured investment from two leading global companies to fast-track its entry into emerging and developed markets.
Injaro Investments and BIO have backed AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the deficit of protein foods in Niger.
Off Grid Electric has secured the largest venture equity investment into Africa – $55m in Series D funding led by Helios, acting on behalf of funds it advises, with support from GE Ventures and existing investors.
InfraCo Africa has signed a shareholders agreement with Berkeley Energy, committing $30m of equity investment to the Corbetti Geothermal project, doubling its original commitment of $15m.
InfraCo Africa will invest up to $3.1m to fund early-stage development costs for the Khoumagueli Solar PV project in the Republic of Guinea and provide experienced resource through its contracted developer, Aldwych Africa Developments Ltd (AADL).
The Emerging Africa Infrastructure Fund (EAIF) has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21m B loan to Central Termica de Ressano Garcia S.A. (CTRG).
TPG Growth has signed a definitive agreement to acquire a majority stake in TRACE, an afro-urban music and entertainment provider.
Amethis Finance has announced on the acquisition of a minority stake in the Afriwara group, the largest shareholder of the Société Nouvelle de Confiserie de Vridi (brand Waraba), a major agribusiness company based in Ivory Coast.
Mediterrania Capital Partners alongside DEG, Proparco and South Suez have invested €55m in Travaux Généraux de Construction de Casablanca (TGCC), a general contractor specialising in construction and public works in Morocco and Sub-Saharan Africa.
KMR Holding Pédagogique, a state-recognised higher education platform in Francophone Africa, has acquired Université Internationale de Casablanca (UIC) from Laureate Education, Inc., the world’s largest global network of higher education institutions, subject to regulatory approvals.
