InfraCo Africa, part of the Private Infrastructure Development Group (PIDG has invested $1.5m in Afresco’s `Energy-as-a-Service’ solution to bring clean, reliable power to Commercial and Industrial (C&I) clients in Uganda, Malawi and the Democratic Republic of the Congo (DRC).
Convergence Partners has acquired a strategic stake in 42Markets Group, an incubator, investor and builder of high-growth specialist businesses in the financial and capital markets sector.
Development Partners International (DPI) alongside minority co-investors South Suez and DEG have acquired 100% of Solevo Group, an African distribution platform for specialty chemicals, from Helios Investment Partners.
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a $33m sustainability-linked debt facility to Raxio Group, a pan-African data centre developer and operator.
Creadev, a global VC and growth equity evergreen investor controlled by the Mulliez Family, has led a $35m Series B investment round in East Africa’s aquaculture platform, Victory Farms.
Secha Capital and Hassium Capital have made a large equity investment in FarmTrace, a South African agri-tech farm solution.
Development Partners International (DPI) and Amethis have co-invested in Marcyrl Pharmaceutical Industries, an Egyptian pharmaceuticals manufacturer focused on specialty generics.
Hybrid Equity, a division of Old Mutual Alternative Investments (OMAI), is taking up a significant stake in the capital structure of Enable Capital, a short-term funder that uses innovative technology as a distribution platform.
Gemcorp Capital Management has committed a substantial capital investment into Milele Energy, a clean energy platform to be headquartered in Nairobi, Kenya.
e& capital, the tech investment arm of e&, has led a $10m pre-series C round in almentor, an online video learning platform in Arabic.
Infra Impact Investment Managers has helped its portfolio company, Eagle Towers, secure a ZAR100m senior secured loan facility to support Eagle Towers’ growth and expansion plans.
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, have acquired a majority stake in VRS Africa.
DOB Equity has led a $3m seed funding round in Power Financial Wellness (Power), a Kenya-based financial technology provider.
FoodLabs has led a $1.5m investment in foodtech startup Terraa, which was the largest pre-seed investment round in Morocco.
