Long4Life has acquired the entire issued share capital of Inhle Beverages, a well-established contract packaging business in South Africa, for a maximum purchase consideration of R360m.
Sanlam Investment Holdings (SIH) has agreed to acquire a 30% stake in First World Trader Proprietary, trading as EasyEquities.
AgDevCo, a social impact agribusiness investor, has announced a $450,000 debt investment into Talian Company, an Ugandan milling business.
Index Ventures, with participation from Balderton Capital and AlphaCode, have invested R532m in a Series C equity round in Prodigy Finance, an international fintech platform.
Arise, an investment company that was formed by a partnership between Norfund, FMO and Rabobank, has taken over 69.14 million shares of Norfund and FMO in NMBZ.
EMR Capital, an Australian private equity firm, has announced plans to acquire Vale and African Rainbow Minerals’ (ARM) stake in the Lubambe copper mine in Zambia.
Novastar has led a Series A financing round in iProcure, the largest agricultural supply chain platform in rural Africa, connecting smallholder farmers with the high quality agricultural inputs.
Kalon Venture Partners, formerly Grotech, and Smollan Group SA have acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave.
Enko Capital Managers has completed an investment to provide expansion capital to AMI Logistics, a Dubai-headquartered logistics business, with significant operations in East and Southern Africa.
The Pan African Infrastructure Development Fund 2 (PAIDF2) managed by Harith General Partners has invested in Sheltam Mauritius through a share subscription for 30% of the total equity in Sheltam for an undisclosed sum.
Vakayi Capital, a venture capital firm that is the country’s only small and medium enterprise (SME) focused impact investor, alongside Capria Ventures and Lendahand has committed to invest about $375,000 to Homelux Property Development.
Mesa Fund 1, a global opportunity fund that is managed by Milost Global, has partnered with TC’s Energy Limited on a Ghanaian energy project.
Greycroft Partners and Green Visor Capital with participation from Y Combinator and Glynn Capital, have invested over $10m in Flutterwave in a Series A round of funding.
Chinese ride-hailing company DiDi Chuxing is investing an undisclosed amount in Estonian online taxi firm Taxify to help it expand in Europe and Africa, where it has gained share in some cities against US player Uber.
