Quantum Global has been subjected to a barrage of baseless and damaging allegations in the press in Mauritius while it prepares to contest actions taken by the Financial Intelligence Unit (FIU) in the Mauritius Court.
DOB Equity, a Dutch family-backed impact investor, has recently completed its first investment in Rwanda, by acquiring an equity stake in Sarura Commodities, a grain trading company.
Edge Growth’s Vumela Fund with participation from Omidyar Network, the Brozin family’s Forever Young Capital and Catapult Trust, have invested in Giraffe, a South African automated high-volume recruitment start-up.
LUN Partners Group, a China-based global investment management group, alongside Goodwell Investments and several angel investors have invested $4.5m in MFS Africa, a Pan-African fintech company, in a Series B funding round.
Agri-Vie and Norfund have announced a $17m co-investment into the Marginpar Flower Group Holdings, an East African flower sales business.
Grit, the largest and only pan-African focused real estate income group, has announced changes to its board and further expansion of its portfolio in Mozambique and Ghana.
Africa-focused venture capital firm TLcom Capital, with participation from other investors, has invested $5m in Terragon, Africa’s mobile marketing company.
Milost Global in partnership with Japaul Oil & Maritime Services, Resort Savings and Loans, Femab Properties and Primewaterview Holdings has offered a combination of debt and equity facility to the Nigerian market.
Trinity Ventures has led a $70m Series B investment round, which combines debt and equity, in Branch International, a mobile ‘branchless bank’ for Emerging Markets.
Arise Fund has agreed to buy a minority stake in Moza Banco, Kuhanha, which administers the pension fund of Mozambique’s central bank.
Takura Capital, a Zimbabwean private equity firm, has recently invested an undisclosed sum in Mozambican vegetable producer Companhia do Vanduzi.
Mediterrania Capital Partners has acquired a minority stake in Groupe COFINA, a meso-finance institution in West and Central Africa, through its third fund MC III.
Alta Semper, aprivate equity manager investing flexible and strategic capital across select African growth markets, has announced a $18m investment into Nigeria’s retail pharmacy chain HealthPlus.
Centum Investment Company has sold its 25% stake in Platcorp Holdings to Suzerain Investment Holdings, a consortium of Platcorp’s management team and an existing shareholder.