8 Miles, an independent private equity fund management business, has invested in Verde Beef Processing, an agribusiness that specializes in producing premium beef in Adami Tulu, Oromia in Ethiopia.
The BDO Development Capital Fund, has invested €3m in Obelisk Group, a specialist in service provision to the telecommunications and utilities sectors, to drive further expansion in South Africa and the UK.
QG Africa Hotel LP, a Mauritius-based fund managed by QG Investments Africa Management, has acquired 100% interest in the InterContinental Hotel Lusaka from Kingdom Hotel Investments for $35.9m.
Singularity Investments, a Nigeria-based investment office specializing in high growth companies operating in Africa’s technology sector, has invested an undisclosed amount in Asoko Insight, a provider of corporate information on African growth markets.
Kibo Capital Partners, a manager of regional private equity funds, has invested an undisclosed amount in General Cargo Group, a provider of logistics services in Kenya.
PCM Capital Partners has invested €5m ($5.64m) in Surfline Communications, a provider of 4G LTE data and other related services to households, SMEs and corporate institutions in Ghana.
IFC Asset Management Company (AMC) and IFC, a member of the World Bank Group, have invested $107m in Net1 UEPS Technologies, an innovative payment solutions and transaction processing services in Sub-Saharan Africa.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $20m (R294m) of funding to Landmark Africa, a property developer in Nigeria.
Equator Capital Partners through its ShoreCap II Fund, and Progression Capital Africa via its Progression Eastern African Microfinance Equity Fund, have invested KES1.2bn ($11.87m) in Jamii Bora Bank, a commercial bank in Kenya.
Mediterrania Capital Partners and the Capital Trust Group have acquired minority stakes in BS Invest in Tunisia, CAP Retail in Morocco, and Investex Algérie in Algeria.
Orange, a telecommunication operator, has announced a €75m equity investment in Africa Internet Group, the largest e-commerce platform in Africa and parent company of Jumia.
Mediterrania Capital Partners, a private equity firm focusing on growth investments for SMEs in North Africa and Sub-Saharan countries, has acquired a 43% stake in Cieptal Cars, a car rental business in Algeria.
California-based venture capital firm Andreessen Horowitz alongside seed investors Khosla Impact and Formation 8 have injected $9.6m in Kenya’s mobile-based financial services company Branch.
AfricInvest, a pan-African mid-cap-focused private equity firm, has announced that its Maghreb Private Equity Fund III has invested in Outsourcia Group, a Moroccan contact center and business process outsourcing (BPO) provider.
