Safaricom through its $1m Safaricom Spark Venture Fund has invested in Eneza Education, which provides mobile-based education tools for primary students.
The Abraaj Group, an investor operating in global growth markets, has acquired a minority stake in Indorama Fertilizers, the largest urea fertilizer manufacturer in Nigeria, through its Funds.
Synergy Capital Managers through its Synergy Private Equity Fund (SPEF) has invested in Vester Oil Mill, a multiproduct company producing oilseed meals and oilseed crude oils in Ghana.
Silvertree Internet Holdings, a South Africa based business incubator, has acquired a significant stake in CarZar, an online auto-trader in South Africa.
Catalyst Principal Partners, an East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories, one of the leading pharmaceutical manufacturers in Tanzania.
The Green for Growth Fund (GGF) has announced a $20m senior loan to ALEXBANK, the fund’s first deal in both Egypt and the region following its recently approved expansion into North Africa and the Middle East.
Accion Venture Lab, the early-stage investment vehicle of the financial inclusion firm Accion, with participation from Newid Capital and Hallmann Holding International Investment, have invested in South Africa-based online lending platform Lulalend.
Investec Asset Management, through its African private equity capability, has acquired a significant shareholding in Mobisol, a leading and rapidly-growing provider of off-grid solar home systems (SHS) in Africa.
Capital Seven, a Botswana based private equity firm, has announced its plans to acquire a 75% stake in Trust Holdings, a financial services group in Zimbabwe.
Mara Delta (formerly Delta Africa) has acquired the Tamassa Resort in Mauritius for a purchase consideration of the euro equivalent of $40m on a cash free, debt free basis.
The Carlyle Group has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighboring countries.
Fonds de Co-Localisation Franco-Tunisien (FCFT), the €20m cross-border midcap fund established in July 2016 to invest in growth transactions in France and Tunisia, has announced its first investments.
Frontier Digital Ventures has invested $1.2m in a Series A funding round in Nigerian real estate classifieds start-up ToLet.com.ng.
Apis Partners, a private equity asset manager focused on financial services in the growth markets of Africa and Asia, has invested in the Direct Pay Online Group (DPO Group), an online payments processor in East Africa.
