With first close of its new $100m “network fund”, Capria has launched an investment cycle with a focus on partnering with and investing in fund managers in Africa that invest in early-growth businesses.
Equator Capital Partners, an impact fund manager, has announced the first investment from its new ShoreCap III fund in MFS Africa, a Pan-African fintech company, operating the largest digital payments “hub” on the continent.
Ethos Fund VII, a new large-buyout fund, has invested R700m in Channel VAS, a global provider of mobile financial services, Big Data analytics and airtime credit service.
Ethos has announced the first close and first two investments by its maiden AI fund, the first of its kind fund in South Africa focused on artificial intelligence technology.
PAPE Fund Managers has invested in Singular Systems, a long-established fintech company with offices in Johannesburg, Cape Town and London, UK.
XSML has announced its third investment via the African Rivers Fund in Ecopharm Uganda to finance further expansion of its outlets as well as acquire a pharmaceutical wholesaler.
GTR Ventures, an investment and venture-building platform specialized in trade and supply chain, has announced its first investment in Africa.
Temasek, Warburg Pincus, Softbank Group International, Singtel and other global investors, have invested $1.25bn through a primary equity issuance in Airtel Africa, at a post money equity value of $4.4bn.
Development Partners International, a Pan-African private equity firm with over $1.1bn of assets under management, has invested in UNI CONFORT MAROC - Dolidol, Morocco’s and Ivory Coast’s leading manufacturer and distributor of foam, mattress and bedding products.
The Rise Fund, a global impact investment fund managed by TPG Growth, has led a $5m Series A investment in SystemOne, an IT provider of solutions for disease surveillance and response.
Moringa, an impact investment fund specialized in agroforestry companies with strong environmental and social impact, has announced that it will invest $5m in B-BOVID, a Ghanaian agribusiness company.
Investec Asset Management, through its African Private Equity capability, has acquired a controlling stake in Richfield Holdings, one of the leading private sector tertiary education providers in South Africa. Founded 28 years ago, Richfield has more than 20 000 students enrolled across more than 40 campuses in South Africa, and a fast-growing distant learning offering to students from across Southern Africa.
Solar technology company REDAVIA and the responsAbility-managed climate fund have signed a $4m financing agreement for REDAVIA's Ghanaian subsidiary.
The responsAbility-managed private equity vehicle focusing on food and agriculture has completed its second investment and taken a minority stake in Suminter, a global organic products supply chain management company which sources, processes and exports certified 100% organic and GMO-free products from Asia and Africa.