AfricInvest Financial Sector Fund and Microcred Group have agreed to acquire a 100% ownership stake in MicroKing Finance (MicroKing), a provider of microfinance products and services in Zimbabwe.
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30% stake in Egypt-based port terminal operator Alexandria International Container Terminal (AICT) to global port investor Hutchison Port Holdings.
Equator Capital Partners, a Chicago based impact fund manager, has invested in Fortis Microfinance Bank, Nigeria, representing a substantial minority position in the Bank, via its managed fund, ShoreCap II Limited.
EchoVC Partners, a seed and early stage technology-focused venture capital fund, has announced an investment of up to $1m in Nigerian digital advertising startup S&T; Media.
Kuramo Capital has said it will acquire an undisclosed stake in TransCentury, an infrastructure company listed on the Nairobi Stock Exchange, for $20m.
Afinitas, an Africa focused investment company listed on the Botswana Stock Exchange, has approved $2.5m to establish an Ethiopia focused holding company and fund its investments.
The Abraaj Group has announced the formation of Themis Energy, a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space.
RisCura, on behalf of the East African Venture Capital Association (EAVCA), has released the first ever dashboard on East African private equity deals, revealing that Kenya is dominating the region as a hub of private equity activity.
African Rainbow Capital (ARC), a subsidiary of Ubuntu-Botho Investments (UBI), a broad based black empowerment investment holding company, has acquired an 18.14% equity stake in Metrofibre Networx.
Exponential, an innovation capability of JSE-listed MMI Holdings, has invested an undisclosed amount in Cape Town's disruptive tax start-up TaxTim.
Agri-Vie, an African private equity firm focused on the food and agribusiness sector, and pan-African asset manager STANLIB, have launched EXEO Capital, a new private equity partnership, which will allow both parties the opportunity to expand their alternative investment offerings in Africa.
TVM Capital Healthcare Partners has registered a new emerging markets-focused fund, TVM Healthcare III, which intends to raise $300m to invest in up to 12 healthcare companies in the MENA, India, and Southeast Asia.
There has been an increase in M&A; activity, especially in East and West Africa, as European multinationals search for opportunities to counter slowing growth at home, according to Fradreck Shoko, Head of Global Advisory for Standard Bank.
Convergence Partners has acquired a significant minority stake in inQuba, a worldwide specialist in managed Customer Experience (CX) software, in order to accelerate its global expansion.
