Africa50 Surpasses $1.4bn in Managed Assets
Africa50, an investment platform established by African governments and the African Development Bank, has surpassed $1.4bn in managed assets.
Africa50, an investment platform established by African governments and the African Development Bank, has surpassed $1.4bn in managed assets.
Creation Capital, a specialist private credit asset manager, has closed a R75m private debt investment into Quest Capital Solutions, an SME non-bank on-lender in the logistics sector.
The African Development Bank has signed a $850,000 grant agreement with Invest in Africa (IIA), a non-profit organization, to support the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal.
Afriwise, Africa’s fastest-growing legal-intelligence platform, has acquired LawExplorer, South Africa’s most established provider of regulatory monitoring and analysis tools. “This is not just an acquisition. It’s a strategic leap forward for how companies in Africa manage regulatory change,” said Steven De Backer, CEO and Founder of Afriwise.
Africa Go Green Fund (AGG), managed by Cygnum Capital, has commited €15m debt facility to Kasada’s green-certified hotel development in Abidjan’s Angré district, Côte d’Ivoire.
Mediterrania Capital Partners (MCP), a private equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has invested in Dislog Dispositifs Médicaux (DDM) through a DM540 million capital increase together with CDG Invest Growth.
Charles Russell Speechlys has advised Miro Forestry Developments, a UK headquartered sustainable forestry and plywood manufacturer, operating from locations across West Africa, on its latest fundraising round.
Cape Town-headquartered venture capital firm HAVAÍC has announced the second close of its $50m African Innovation Fund 3.
Mergence Investment Managers has announced an additional R60m investment in Solarise Africa, a sustainable energy solutions company operating across the continent.
LeapFrog Investments has exited its stake from Goodlife Pharmacy, East Africa’s largest retail pharmacy platform, to CFAO Healthcare, a leading distributor of pharmaceutical and medical products in Africa.