Helios Investment Partners, acting on behalf of funds it advises, has sold its 49% stake in GBfoods Africa (GBFA) to its partner and co-shareholder, The GBfoods SA (GBfoods).
Sahel Capital has launched the $24m Social Enterprise Fund for Agriculture in Africa (SEFAA), sponsored by the German development bank, KfW.
Alitheia IDF, a private equity fund that identifies, invests in, and grows SMEs, has led a $3m Series A investment round in ReelFruit, a premium dried fruit company in Nigeria.
Amethis has acquired a minority stake in Avacare, a distributor and manufacturer of pharmaceuticals and healthcare consumable products in Zimbabwe.
The Facility for Energy Inclusion (FEI) has acted as lead arranger for a €60m multi-country facility for AktivCo SAS’ subsidiaries in Chad, Niger, Cameroon, Ivory Coast, and Burkina Faso.
Apis Growth Fund II, Development Partners International (DPI), Lorax Capital Partners, Middle East Venture Partners, Endeavor Catalyst, and DisruptTech, have backed MNT-Halan, Egypt’s fintech ecosystem, with approximately $120m.
African Infrastructure Investment Managers (AIIM) through its pan-African infrastructure fund, AIIF3, has acquired a significant stake in Sodigaz, an LPG distributor based in Burkina Faso and Benin.
Mauritius Commercial Bank (MCB) has provided a bridge loan to OrgaEarth, a Madagascar-based producer of cactus oil.
Sanlam Investments has launched Sanlam Investments Sustainable Infrastructure Fund with commitments of R500m.
Fortis Green Renewables Investment Management, an investment firm providing capital to small-scale renewable energy assets in Sub-Saharan Africa, has recently held the initial close in its Green Fund I.
Global Coalition has launched a first-of-its-kind relief fund with a first close of $68m and a target of over $80m to protect energy access for at least 20 million people in sub-Saharan Africa and Asia.
Seriti Capital Partners has acquired 100% of the shares of Cannon Asset Managers, a South African-based asset management firm, from Bidvest Financial Services.
Amethis, an investment fund manager dedicated to long-term responsible investing across the African continent, has announced the first closing of Amethis MENA Fund II at $101m (€85m).
LeapFrog Investments has acquired a 16.94% stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana, from Amethis and Edmond de Rothschild Equity Strategies (ERES).