AfricInvest III, a fund managed by AfricInvest Group has completed a €17.3m equity investment in Azalaï Hotels, the holding company of one of the main Pan-African hospitality groups in the ECOWAS region.
Nigerian fintech startup Paystack has raised $1.3m in seed funding from Tencent, Comcast Ventures, Singularity Investments and other international investors.
Alta Semper Capital, a consumer and healthcare focussed private equity investor, alongside CI Capital Partners, an Egypt-focused private equity investor, have partnered through the MEA Healthcare Partners platform with Macro Holding, a consumer healthcare company in Egypt.
Oando, Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the completion of a partial divestment of 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power (OGP), to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partners.
DOB Equity, a Dutch family office, AHL Venture Partners, an impact-focused venture capital firm in Africa, and private investors have backed PowerGen Renewable Energy by injecting $4.5m in a Series A investment round.
Lumos Global, a Netherlands-based off-grid solar firm operating in Nigeria, has raised $90m in a funding round from OPIC, Pembani Remgro and other investors.
The Amandi Energy consortium has reached financial close and begun construction of the $552m Amandi Energy Power Plant in Aboadze, Ghana.
DOB Equity, a Dutch family office, has invested in Countryside Dairy, at a publicly undisclosed value as part of a commitment to increase social impact investment deals in Kenya.
Futuregrowth Asset Management has provided R300m ($21.72m) in funding to SA Taxi to provide financing to the company's Zebra Cabs owner-driver scheme.
TLG Capital has invested an undisclosed amount in Snapper Hill Clinic (SHC), a Liberian healthcare provider, through its Credit Opportunities Fund.
Synergy Private Equity Fund (SPEF) has invested in MSY Analytics Group (MSY), a technology driven professional services and data analytics company, focused on increasing corporate human capital productivity and organizational positioning.
Capitalworks, a South African independent alternative asset management firm, has acquired a significant interest in IQ Business, an independent management consulting firm in South Africa.
NBK Capital Partners has invested an undisclosed sum in Kaumeya Language Schools (KLS) in Egypt to support the school in the next phase of its growth.
The Carlyle Group, a global alternative asset manager, has agreed to acquire a majority stake in CMC Networks, a Pan-African provider of managed connectivity solutions for global telecoms providers.
