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.
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.
Wamda Capital - led investment consortium has invested $10.4m in Twiga Foods, a mobile-based food supply system for Kenya's urban retailers.
XSML, the fund manager active in Central & East Africa, has invested via its African Rivers Fund (ARF), in Qualicoff, an exporter of Ugandan coffee beans.
Verod Capital Management, a West African private equity firm, has agreed to acquire a significant minority stake in Greensprings Educational Services.
Helios Investment Partners has acquired 100% of Fertilizers and Inputs Holding, which holds Louis Dreyfus Company’s (LDC) Africa-based fertilizers and inputs operations.
Long4Life, an investment holding company, has acquired Sorbet Group of companies comprising health, beauty and grooming outlets situated across South Africa and with an emerging footprint in the UK.
Milost Global has agreed to invest $300m in Ghana-based Eco Medical Village to develop a 700-bed hospital for middle and upper class populations in West Africa.
The African Rivers Fund, managed by XSML, has invested an undiclosed amount in Monishop, a supermarket in Kinshasa, DRC.
Phatisa has reached an agreement with JSE-listed Torre Industries, whereby Phatisa and Kanu management buy Torre’s remaining shareholding in Kanu Equipment.
Kibo Capital Partners (KCP) has invested in Blowplast, a producer of plastics packaging solutions in Kenya to support company’s expansion in East Africa and beyond.
The Abraaj Group has announced the acquisition of 100% of Java House Group, East Africa’s leading coffee-led casual dining chain, from Emerging Capital Partners (ECP), and the Company’s founder and chairman, Kevin Ashley.
The Emerging Africa Infrastructure Fund (EAIF) has backed upgrades and expansion of two Madagascar airports by providing a €25m senior debt over a 16-year term.
EuroMena III, a private equity fund that invests in high growth local companies in the Middle East, North Africa and Sub-Saharan Africa, has acquired a minority stake in Retail Holding, a Moroccan retailer.
