2020 has seen the wholesale acceptance of high-tech solutions and it is now a given that everything is touchless, paperless, remote and in the cloud. The world is on Zoom, using cryptocurrencies to buy groceries at the tap of a smartphone, everything can be ordered online, and we’re all going on holiday inside our VR headsets.
ARISE Industrial Services (ARISE IS), a pan-African infrastructure developer and operator, has acquired 35% stake in Aera Group, a trader of environmental certificates in Africa, based on a valuation of €28.5m.
HAVAÍC, an African focused venture capital investor, has announced the second close of its Universum Core African Fund, a joint venture between HAVAÍC and Universum Wealth.
South Africa’s Government Employees Pension Fund (GEPF), the largest pension fund in Africa, has reappointed Standard Bank to provide a comprehensive range of investor services product and service solutions for its portfolio of assets currently worth over R2trn.
Old Mutual Investment Group (Namibia) via its infrastructure investment fund has acquired a majority stake in a 5MW solar PV (photovoltaic) plant at Rosh Pinah in the Karas Region of Namibia.
Guernsey Finance, the promotional body for the island’s financial services industry, has appointed its first dedicated representative in South Africa.
Small Foundation, an Irish registered charity with a focus on poverty reduction in Sub-Saharan Africa (SSA), has invested an undisclosed amount in Capria Ventures.
FSD Africa partners with industry associations to support SMEs through Private Equity and Private Debt Programme
FSD Africa, a specialist development agency working to reduce poverty by strengthening financial markets across sub-Saharan Africa, has signed co-operation agreements with AVCA, EAVCA, SAVCA and PEVCA to coincide with the launch of the Africa Private Equity and Private Debt Programme.
Convergence Partners, a tech investor in Africa, has entered into an agreement with Inseego Corp. to acquire 100% of Ctrack’s operations in Africa and the Middle East.
The Vumela Fund, established by FNB Business and Edge Growth, has invested in Inoxico, a South African tech company that uses trade credit analytics to help companies grow with their business customers.