EchoVC Partners, a seed and early stage technology-focused venture capital fund, has announced an investment of up to $1m in Nigerian digital advertising startup S&T; Media.
Kuramo Capital has said it will acquire an undisclosed stake in TransCentury, an infrastructure company listed on the Nairobi Stock Exchange, for $20m.
Exponential, an innovation capability of JSE-listed MMI Holdings, has invested an undisclosed amount in Cape Town's disruptive tax start-up TaxTim.
African Rainbow Capital (ARC), a subsidiary of Ubuntu-Botho Investments (UBI), a broad based black empowerment investment holding company, has acquired an 18.14% equity stake in Metrofibre Networx.
Convergence Partners has acquired a significant minority stake in inQuba, a worldwide specialist in managed Customer Experience (CX) software, in order to accelerate its global expansion.
AfricInvest, a pan-African mid-cap-focused private equity firm, has invested in Silafrica Plastics and Packaging International, an East African plastics and packaging group, via its AfricInvest Fund III.
Medu Capital, a South African private equity company focused on established medium sized owner-managed businesses, has acquired 100% ownership stakes in Universal Paints and Elite Truck Hire for a total of R450m ($29.32m).
AIIM Hydroneo, a 50/50 joint venture between African Infrastructure Investment Managers (AIIM) and Hydroneo Afrique, has announced plans to develop, finance, build and operate a number of hydroelectric power plants in Gabon.
Angola Capital Investments (ACI), an international investment firm headquartered in Angola, has invested an undisclosed amount in Sphera Bluoshen, a subsidiary of Oshen Group and part of Sphera Global Health Care.
Africa Internet Group (AIG), the parent of Jumia, an e-commerce platform in Africa, has secured more than €300m in funding from new and existing investors, including the previously announced funding commitment from AXA.
Seven Energy International, an integrated gas company in south east Nigeria, has secured $100m in a new equity funding round from existing shareholders and other institutional investors.
The UK-based global technology investor Amadeus Capital Partners, has invested $2m in Hepstar, a digital insurance distributor in South Africa.
Synergy Capital Managers has invested in Africa Terminals, a spin off from DuPort Marine, a trading logistics and maritime company with over eight years’ experience operating in the Nigerian downstream segment.
Goodwell Investments has acquired a significant minority stake in Musoni Services, an innovative cloud-based affordable core banking software for microfinance institutions (MFIs) in Africa.
