Greenhouse Capital has led a $1.5m pre-seed funding round inYep!, Lagos and San Francisco based super-app that boosts financial inclusion, economic opportunities, and remittances to and within Africa.
Development Partners International (DPI) and CDC Group (CDC, to be renamed British International Investment), the UK’s development finance institution that will shortly be renamed British International Investment (BII), today announced that have signed an agreement for KELIX bio to acquire Pharmaceutical Institute (PHI), a Moroccan-headquartered producer and distributor of generic and therapeutic pharmaceuticals.
Tana Africa Capital and KITEA Group, a furniture retailer in Morocco, have acquired a majority stake in Furniture Palace, a furniture retailer in Kenya.
Partech has led a $4m Seed round in Morocco-headquartered transport management software provider Freterium.
Actis has secured an impact-linked revolving subscription credit facility for its latest energy fund, Actis Energy 5.
Naspers, through its R1.4bn early-stage tech investment vehicle Naspers Foundry, has made a R15m ($1m) investment in Floatpays, an on-demand earned wage access platform that helps customers build financial wellness.
Spear Capital has invested in FML Logistics, a Zimbabwean-registered company focused on the transportation of petroleum products in Sub-Saharan Africa.
HAVAÍC, Aruwa Capital Management (Aruwa) and Asian African Investment & Consulting (AA-IC) have announced a joint $3.6m pre-series A investment in CrowdForce, a Nigerian crowdsourcing platform.
Endure Capital and International Finance Corporation (IFC) have co-lead a $25m Series A investment round in Brimore, Egypt’s largest social commerce platform.
The Emerging Africa Infrastructure Fund (EAIF) has provided a $35m loan over a 15-year term to the 40MW Kesses solar generation facility to be built near Eldoret in the Rift Valley region of Kenya.
General Atlantic, a global growth equity investor, has led a $40m Series B funding round in Reliance Health, an emerging markets-focused digital healthcare provider.
Kalon Venture Partners, Launch Africa and the IDF, have made a follow-on investment of over $1m in Carscan, an AI augmented reality app.
Fund for Export Development in Africa (FEDA), a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), has invested in Ecow-Gas, a liquefied natural gas (LNG) distribution infrastructure platform in the West Africa region.
NBK Capital Partners Mezzanine Fund II has closed a $10m financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech Moove.