Synergy Private Equity Fund (SPEF) has invested an undisclosed amount in Riggs Ventures West Africa, a non-captive manufacturer of polypropylene woven sacks for packaging and transporting industrial goods in Nigeria.
Adlevo Capital-led consortium of investors has raised $13m in a Series B financing round, which will go toward strengthening of the agent network of Paga, a Nigerian mobile payment company.
Intaj Capital II has agreed to invest over $12m (MAD 125m) in Moroccan firm Venezia Ice, an operator in the field of production and distribution of artisan gelato and pastry.
Goodwell Investments, an impact investment firm, has invested an undisclosed amount in South African-based enterprise payments platform provider, Nomanini.
Mediterrania Capital Partners has acquired a 23% stake in Société Meunière Tunisienne (SMT), a Tunisian leader in the pasta segment, through its second fund Mediterrania Capital II.
Centum, the largest listed private equity company in Eastern Africa, has announced an additional investment of KES1.2bn ($11.71m) in K-Rep Bank, a Kenyan commercial bank.
Sun European Partners has said that one of its affiliates has agreed to acquire Finlays Horticulture Investments and Finlays Horticulture Holdings and its subsidiary companies from James Finlay (Finlays). The business will be acquired for an undisclosed value.
TriLinc Global Impact Fund, an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises (SMEs) in developing economies, has recently approved $6.42m in trade finance transactions to companies in Namibia and South Africa.
The Pan African Housing Fund (PAHF), managed by Phatisa, has partnered with Kigali Batsinda Estate to develop a new residential housing complex in Kagugu Cell, Kinyinya Sector, Gasabo District, Kigali City, Rwanda.
Ascent Rift Valley Fund (ARVF), an SME focused private equity fund investor, has invested in Chims Africa, a mobile money operator in Uganda.
The Abraaj Group has invested in Tiba Group, an education service provider in Egypt, through its second generation North Africa Fund (ANAF II).
Investisseurs & Partenaires (I&P;), an impact investment group dedicated to African SMEs, has acquired a 35% equity stake in SCRIMAD Group, an agribusiness company located in Madagascar, via its I&P; Afrique Entrepreneurs Fund (IPAE).
Kagiso Tiso Holdings (KTH), through its media subsidiary Kagiso Media, has acquired 37% of Global Media Alliance Broadcasting Company (GMABC), a broadcasting company in Ghana.
TPG/Satya, the partnership between TPG Growth and Satya Capital focused on investment in Africa, has made its first move into Africa by acquiring a minority stake in Ecoles Yassamine, the largest private school network in Morocco.
