Proparco, through FISEA, an Agence Française de Développement Group fund managed by Proparco, has become a cornerstone investor in EmergingTech Ventures Fund II, an early-stage venture capital fund targeting technology startups in Morocco, Tunisia, Senegal and Côte d’Ivoire.
Holocene has announced the final close of Holocene Ventures Fund I (HVF1), which it describes as Southern Africa’s first dedicated high-growth climate technology fund, marking a milestone for the region’s emerging climate innovation ecosystem.
African Export-Import Bank (Afreximbank) has published the latest edition of its Trade and Development Finance Brief, highlighting the structural challenges affecting Africa’s trade performance and investment landscape amid growing global economic uncertainty.
The Private Infrastructure Development Group (PIDG) has announced that Taranis Operations has signed a convertible loan agreement with the Corbetti Geothermal project in Ethiopia, marking the first step in a broader partnership that could see Taranis invest up to $27 million in equity into the project.
A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II), has signed an agreement via a special purpose vehicle to acquire Mainstream Renewable Power South Africa, a leading renewable energy developer and independent power producer.
AHL Venture Partners has announced the first close of its AHL Africa Credit Fund I at $30.5 million, less than a year after launching the fundraising process.
H1 Holdings (H1) and Revego Fund Managers (RFM) have announced plans to explore a strategic merger that would create one of South Africa’s largest dedicated renewable energy equity investment platforms, with a combined asset base of approximately R13.3 billion.
British International Investment (BII), the UK’s development finance institution and impact investor, has launched a new strategy for Egypt as its total commitments in the country approach $1.3 billion since 2012.
Aruwa Capital Management has completed an investment in Sika Financial Group, a financial market infrastructure company focused on clearing, settlement, liquidity and market data services for cross-border transactions across Africa and other emerging markets.
ARM-Harith Infrastructure Investments has announced the first close of its successor climate transition fund at approximately $76 million.
