CardinalStone Capital Advisers (CCA), a West Africa-focused private equity fund manager, has reached a first close of $76 million for its second fund, CCA Growth Fund II.
Amethis has exited its investment in Globex, a Moroccan integrated logistics and transport company, concluding a four-year partnership with founder and CEO Omar El Kadiri and the management team.
Standard Chartered has arranged a €538 million financing for the Republic of Angola to support the expansion of Luanda’s potable water distribution network under Phase 2 of the Quilonga Grande Water System project.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), has partnered with Symbiotics to arrange a $20 million debt facility for Robust International to finance a cashew processing plant and related infrastructure in Côte d’Ivoire.
Ninety One has closed its third Africa Credit Opportunities Fund (ACO3) with $404 million in commitments, including leverage, from institutional investors across Africa, Europe, the UK, US and Canada.
Convergence Partners has led the Series C funding round for Yellow, a fintech providing asset-backed credit for smartphones and off-grid solar products across sub-Saharan Africa.
BluePeak Private Capital Fund II has made an initial $12 million investment in Monty Mobile International, the African hub of telecommunications and messaging provider Monty Mobile, as part of a broader financing partnership.
A.P. Moller Capital is set to acquire a majority stake in Moroccan transportation and logistics company Globex Investissement through its Emerging Markets Infrastructure Fund II and APM Capital Morocco Fund.
Africa50 has secured new investment commitments and strategic partnerships as it seeks to mobilise more capital for infrastructure projects across Africa, with new initiatives spanning energy, electricity transmission, healthcare and infrastructure funds.
British International Investment (BII) has signed a Memorandum of Understanding with Africa50 to strengthen collaboration and mobilise more investment into infrastructure across Africa.
