IFC and TLG Capital have announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75m raised.
African private capital activity showed notable resilience in 2024, marked by increased participation from African LPs, continued reliance on proven sectors like Consumer Staples and Financials, and an increase in exit volumes, according to the AVCA's 2024 African Private Capital Activity Report.
Aruwa Capital Management, a Lagos based female founded and led early-stage growth equity and gender lens fund manager, has raised 90% towards its $40m target for its second fund, Aruwa Capital Fund II.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan Africa, is pleased to announce the successful full exit of its investment in Akdital through the MC III fund.
Mergence Investment Managers, an infrastructure investment firm, has acquired a controlling stake in strategic digital infrastructure assets located within the residential precincts of Waterfall City, Gauteng.
AVCA – the African Private Capital Association – and the Private Equity and Venture Capital Association, Nigeria (PEVCA), have announced a strategic merger to strengthen Nigeria’s private capital ecosystem. The merger reflects a joint ambition to catalyse new investment opportunities and boost sub-regional and continent-wide growth.
Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce its successful exit from Dislog, a market leader in the manufacture and distribution of key fast-moving consumer goods (FMCG) in Morocco.
Scalar International and Mergence Investment Managers have announced the launch of a $150 million private equity fund to finance clean energy and digital infrastructure in sub-Saharan Africa.
Inspired Evolution, a Pan-African private equity firm specializing in clean energy infrastructure, energy access and energy transition investments, has announced the final close of its Evolution III Fund on March 3, 2025, securing total commitments of $238m.
AfricInvest through their Cathay AfricInvest Innovation Fund (CAIF) has led a $4m investment round in PayTic with participation from Build Ventures, Axian Group, Mistral, Island Capital Partners, and Concrete.
Verdant Capital Hybrid Fund, managed by Verdant Capital, has completed an additional investment of $4.5m in LOLC Africa Singapore.
A consortium led by Actis, a global investor in sustainable infrastructure, has completed the acquisition of a 100% stake in Swiftnet, a telecom tower portfolio in South Africa, from Telkom for an enterprise value of c. $370m (R6.75bn).
Janngo Capital, with participation from SANAD Fund for MSMEs (managed by Finance in Motion), Partech, Oikocredit, Enza Capital and Y Combinator, have invested $17m in Djamo, a financial services app revolutionizing mobile banking in francophone Africa.
Alitheia Capital and Goodwell Investments have announced the first exit of their joint uMunthu Fund - Baobab Nigeria, a financial institution creating meaningful impact in sub-Saharan Africa by providing inclusive banking services to individuals and MSMEs in underserved areas.
