Kleoss Capital, a South African private equity firm, has bought an undisclosed stake in one of the largest debt counselling firms in South Africa, Debt Rescue.
Sahel Capital and CardinalStone Capital Advisers (CCA), a Nigerian private equity fund manager, have agreed to invest in Crest Agro Products, an integrated cassava processor based in Kogi State, Nigeria.
CDC Group, the UK’s development finance institution, and IFC, a member of the World Bank Group, have announced a $35m investment in Africa Logistics Properties (ALP).
DEG, one of the largest European development financiers, has invested ZAR100m in Retailability, a Southern African retail chain, which targets customers in the low to middle income bracket.
TA Associates, a global growth private equity firm, has acquired a minority equity interest in Interswitch, an Africa-focused integrated digital payments and commerce company.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has acquired a non-controlling minority stake in Trans-Fast Remittance, a global payments company.
IVP alongside Ribbit Capital and others have injected more than $30m in Series B financing round in Tala, a mobile technology and data science company.
FWA Financial, a private diversified African investment company, has acquired 90% of total issued share capital in Imara, a Botswana listed asset management and advisory group.
Medu Capital, a private equity company focused on established medium sized owner-managed businesses, has acquired a 15% stake in Hero Telecoms (HeroTel) at an enterprise value of R495m.
Trustco Group Holdings has secured N$1bn in capital over the last six months through various funders, with the latest being a financing facility of up to N$540m ($40m) in December 2016 with Helios Credit Partners.
Capitalworks, an independent alternative asset management firm based in South Africa, has agreed to acquire Aon’s shareholding in its African insurance brokerage and employee benefit operations in a number of countries.
Amethis Finance and Metier have acquired a significant minority stake in the packaged food business of Kenafric Industries, a major FMCG group in East Africa.
Safaricom’s Spark Venture Fund has backed FarmDrive, a Kenyan-based data analytics company developing technologies to address the global $450bn agricultural funding gap.
Star Power Partners II, a mentorship-driven, startup accelerator and seed fund, has participated in a $1.1m investment round in Bamba, a boutique African data collection agency.
