Investec Asset Management, through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS).
HAVAÍC, the ASISA Enterprise Development Fund, and Growth Grid Venture Capital Partners, have invested R4.5m in RMed Online, South Africa’s largest online healthcare marketplace.
The Emerging Africa Infrastructure Fund (EAIF) has announced the financing for a large-scale water treatment facility in Rwanda.
XSML, the fund manager active in Central & East Africa, has announced its fifth investment in Uganda in Ecopharm Ltd.
Optimum Petroleum Development Ltd, a Nigerian based exploration, development and production company, has signed a financing term sheet of $850m with Milost Global.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $12.5m of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.
Kalon Venture Partners has invested in a payment service provider, i-Pay, following its recent investments in SnapnSave and The SunExchange.
Milost Global, a New York based private equity firm, has announced plans to invest $450m in Kings Pride Properties, a Nairobi based real estate development and investment company.
Kibo Capital Partners has acquired an undisclosed stake in Tropigalia, a Mozambican food and non-food FMCG items distributor.
10X Investments, a South African tech-enabled asset manager, has raised $6.14m in new funding from DiGAME Investment Company and existing shareholder Old Mutual Private Equity.
Convergence Partners has recently acquired a significant minority stake in ESET Southern Africa, a local distributor and brand operator for leading global internet and endpoint security software vendor ESET.
Egypt-focused private equity fund manager BPE Partners has reached financial close for three solar power projects in Egypt in partnership with renewable energy developers Infinity Solar Energy and ib vogt.
The African Rivers Fund, managed by XSML, has made its fourth investment in Uganda in Telcare, an operator of mobile money kiosks in Uganda.
Yellowwoods, a private investments group headquartered in Europe and active across 30 markets, and Hollard Insurance Group, have invested R20m in Naked Insurance, a new generation insuretech business in South Africa.
