The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has announced a $45m funding contribution to CrossBoundary Energy Holdings.
Summit Africa, a specialist black-owned and managed impact investment manager and licensed financial services provider, has launched Summit’s Private Equity Fund II (SPEF II) with a $20m (c.R355 million) anchor investment by British International Investment (BII), the UK’s development finance institution and impact investor.
African Transition Acceleration Fund (ATAF 1), managed by African Infrastructure Investment Managers (AIIM), is the newest pan-African investment vehicle, designed to support Africa’s energy transition.
Alterra Capital Partners has announced a strategic investment in ARP Africa Travel Group (ARP Africa), partnering with the founding family to accelerate expansion across East Africa and beyond.
Kholo Capital Mezzanine Debt Fund I has reached final close at R1.4bn in commitments to make long-term mezzanine debt investments in small and medium sized businesses in South Africa, Botswana, Namibia, Lesotho and Swaziland.
Acumen has invested in Wami Agro, a Ghana-based agritech company dedicated to transforming the agricultural landscape in West Africa.
Futuregrowth Asset Management has led a $3m funding round in CubeSpace, a South African provider of satellite Attitude Determination and Control Systems (ADCS).
InfraCo Africa has agreed to sell its 25% stake in Golomoti JCM Solar Corporation to Old Mutual Infrastructure Investment Trust Fund (Malawi), which sits within Old Mutual Investment Group’s Alternative Investments capability.
Apis Growth Fund I, a private equity fund managed by UK-based asset manager Apis Partners Group (UK), has signed binding agreements to sell its full stake in Baobab, an African financial services provider specialising in supporting small and medium-sized enterprises (SMEs).
P1 Ventures, an early-stage, Pan-African venture capital firm, has completed the final close of its first $50m institutional fund and welcomed African conglomerates, family offices, and partners at global VCs, alongside the World Bank’s IFC.
Amethis has announced its exit from the capital of Merec Industries to Invictus’ Investment.
Verdant Capital Hybrid Fund has completed its fifth investment of $2m, structured as junior convertible debentures in UsPlus in South Africa.
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands), a company of Tech Mahindra group, a global provider of technology consulting and digital solutions to enterprises across industries, have signed a set of shareholder and technology collaboration agreements to formalise their joint investment in Furaha.
The African tech sector attracted only 7% less capital than in 2023, demonstrating resilience and securing $3.2bn in funding (equity and debt combined), according to the annual Africa Tech Venture Capital report by Partech.
