Afinitas, an Africa focused investment company listed on the venture capital board of the Botswana Stock Exchange, has announced the proposed investment of $2.5m into Adventis Limited, a new Africa focused financial services company.
Zoona, an African financial technology company, has raised $15m in a second round of financing from the IFC – led investment consortium.
TURN8, a Dubai based venture capital firm, has launched $60m Venture Capital Fund that will invest in technology startups in the MENA region.
Kleoss Capital, a South African100% black owned and managed investment manager, has acquired a significant minority stake in Real Foods, a multi-brand food group.
GreenHouse Capital, a Nigerian venture capital fund managed by Venture Garden Group, has said it will invest $10m into technology start-ups over the next two years.
Angola Capital Investments (ACI), an international investment firm headquartered in Angola, has changed the company title to ABO Capital.
African Rainbow Capital (ARC) has bought a 27.5% stake in a specialist investment manager Colourfield Liability Solutions for an undisclosed amount, marking its fifth investment in the financial services sector.
8 Miles, African Capital Alliance (ACA) and DEG, the German development finance institution, have jointly invested in Beloxxi Industries, a market leading Nigerian biscuit manufacturing company.
Royal Bafokeng Holdings (RBH), a South African community-based investment company, has agreed to acquire infrastructure and energy assets from Aveng Capital Partners, for a cash consideration of R860m ($63.8m).
Rockwood Fund I, a R4.5bn South African leveraged buyout fund managed by Rockwood Private Equity, and Thebe Investment Corporation have exited Safripol to KAP Industrial Holdings for an equity value of R4.1bn ($310m).
The Emerging Africa Infrastructure Fund (EAIF) has loaned $20m to Helios Towers Africa (HTA) to partly finance the purchase of approximately 950 telecommunications towers in the Democratic Republic of Congo (DRC).
Ethos Capital has successfully listed as an investment entity in the “Financials – Speciality Finance” sector of the main board of the securities exchange operated by the JSE.
The majority of African deals since 2013 have been for energy infrastructure (60%) as the emphasis on electricity generation and transmission in Africa intensifies, according to Preqin’s report.
Africa Special Opportunities Capital has launched ASOC Fund I, a special opportunities private equity fund focused on providing funding and turnaround services to South African companies in various states of distress.
