TPG Growth has led a Series A-2 financing round in Gro Intelligence, the New York and Nairobi-based agricultural data analytics business used by investment professionals, major corporations, governments and international organizations around the world.
HAVAÍC, Growth Grid Venture Capital Partners and a consortium of individuals have invested R5m in Digital Cabinet.
The Carlyle Group has agreed to acquire the NOSA Group, a South African provider of occupational health and safety services, from Johannesburg Stock Exchange-listed MICROmega Holdings for approximately R750m.
Investec Asset Management Private Equity and RMB Ventures have acquired Kamoso, a Botswana-based retailer and consumer goods company.
Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, has acquired a 50% interest in Faircape Life Right Holdings for an undisclosed sum.
Andela, a technology start-up to train coders in the African continent, has raised $40m in a Series C round led by the pan-African venture firm CRE Venture Capital.
KawiSafi Ventures, Omidyar Network, Fenway Summer Ventures and a number of American fintech angel investors have invested $6.5m in Lendable in a Series A investment round.
CI Capital Holding has reached an agreement with Gemini Egypt Holding for Financial Investments, an investment vehicle owned by Naguib Sawiris, to acquire Gemini’s majority stake in Reefy.
A responsAbility Investments-managed private equity company has invested in Fawry, a mobile payments platform in Egypt.
The Namibian Mid-Cap Fund (NMCF) has acquired 100% of the shareholding in Swanib Cables from Powertech International Holdings, part of the JSE listed Altron Group.
RMB Corvest, RMB Ventures and Ethos Mid Market Fund have, alongside management, acquired 100% of Kevro, Africa’s largest value-add supplier of corporate and promotional apparel, and other brandable products.
The Atlantic Coast Regional Fund (ACRF), managed by Advanced Finance and Investment Group (AFIG Funds), has made a follow-on investment in Primrose Properties Ghana (PPG).
AfricInvest Fund III has finalized an agreement to invest in Britam Holdings, one of the leading financial services groups in East Africa.
Advanced Finance and Investment Group (AFIG Funds) through the Atlantic Coast Regional Fund (ACRF), has completed an investment in FSDH Merchant Bank, a financial services group in Nigeria.
