Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, have acquired a majority stake in VRS Africa.
DOB Equity has led a $3m seed funding round in Power Financial Wellness (Power), a Kenya-based financial technology provider.
GoGetta, an equity-based crowdfunding platform, has listed its first two businesses outside of South Africa.
FoodLabs has led a $1.5m investment in foodtech startup Terraa, which was the largest pre-seed investment round in Morocco.
DFS Lab and the Stellar Development Foundation (SDF) have launched the SCF Startup Camp, a 5-day virtual and global bootcamp.
Spear Capital has concluded an investment deal with Greenwave Milling, a manufacturer and distributor of quality high-value basic commodities throughout Zimbabwe.
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm has partnered with Yabx, a company incubated by Comviva and part of the Mahindra Group, to address a deep-rooted need for responsible consumer finance in Africa.
Partech has announced the first closing of Partech Africa II at €245M, above the target fund size.
Vantage Capital has announced the final close on its fourth mezzanine fund with $377m of commitments secured from a mix of European and US-based commercial investors, as well as a host of development finance institutions (DFIs) that include IFC, BII, SIFEM, DEG, Norfund, Swedfund, Finnfund and EIB.
STANLIB Infrastructure Fund II has agreed to acquire a majority stake in the 258 MW Upington Solar Power complex from two Norwegian investors, Scatec and Norfund.
Convergence Partners has announced the successful closing of its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296m, surpassing its initial target by over 18%.
Adenia Partners, a private markets investment firm committed to responsible investing and a sustainable Africa, has announced the first close of Adenia Capital V with $300m commitments from investors.
Phatisa has acquired a significant minority stake in MHL International Holdings (MHL), a printing and packaging group in sub-Saharan Africa.
In 2022, total funding invested into tech startups in Africa reached $6.5bn, an increase of 8% vs 2021, spread across 764 deals - compared to 724 rounds in 2021, according to Partech Africa.
