Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, has made a $2 million investment into Fastizers, a local manufacturer of snack foods and confectioneries in Nigeria.
Gemcorp Capital Management has announced that one of its funds has entered into a $25m loan agreement with a subsidiary of Walkabout Resources, an ASX listed African focused energy mineral developer, to support the development into production of its Tanzanian graphite mine, Lindi Jumbo.
Verod-Kepple Africa Ventures (VKAV) has invested $1.5m in Chari, a Morocco-based B2B e-commerce company, to support its growth plan.
Plus Venture Capital (+VC), Seedstars International Ventures, Flat6labs have participated in a pre-seed investment round in Agel, Egypt’s first Islamic FinTech.
Verdant Capital Hybrid Fund has made a $7m dual tranche investment comprising a subordinated loan and senior secured loan to Mogo Auto, a subsidiary of Eleving Group operating in Europe, Asia, and Africa.
The Emerging Africa Infrastructure Fund (EAIF) has committed $30m to Eastcastle Infrastructure, a platform company that owns, operates, and develops shared telecom tower infrastructure in countries across Africa. The investment enables the purchase and development of telecom towers across the Democratic Republic of Congo (DRC) for the country's mobile network operators (MNOs).
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a €11.5m senior secured loan to develop the first project-financed solar PV plant and battery energy storage system (BESS) in West Africa
Convergence Partners has closed an investment in Yellow, a provider of pay-as-you-go finance for off-grid solar home systems and connectivity solutions for low-income consumers in parts of East Africa.
The Facility for Energy Inclusion (FEI) managed by Cygnum Capital (formerly Lion’s Head Group) has provided a $30m senior debt to CrossBoundary Energy (CBE), a developer, owner, and operator of commercial and industrial (C&I) renewable energy systems.
Sweden-based QGroup, a global technology investment group, has invested an undisclosed amount in Specno, an innovation agency.
The Facility for Energy Inclusion (FEI) managed by Cygnum Capital (formerly Lion’s Head Group) has signed a $30m multi-country facility to finance the assets of Equator Energy, a commercial and industrial (C&I) solar operator in East Africa.
AIIM consortium has reached a financial close on 89MW Castle Wind Farm (Castle) to supply renewable energy to Sibanye-Stillwater’s South African mining operations via an Eskom wheeling agreement.
Standard Bank Group, Africa’s largest bank, has led and arranged over $200m in sustainability-linked debt financing to M-KOPA, a leading fintech platform.
DOB Equity, Kua Ventures, Kaleo Ventures and NaiBAN have invested in a pre-seed funding round in Zydii, a Kenya-based digital training solutions provider.
