Metier Sustainable Capital, a private equity fund focused on clean infrastructure investments across Africa, managed by Metier, and FMO, the Dutch entrepreneurial development bank, have established and funded Africa REN Energy, a newly formed investment holding dedicated to support African infrastructure projects.
UK-based LocalGlobe has led a $1.4m seed round into Eden Life, Africa’s first home services app for scheduling food, laundry and cleaning services.
African Infrastructure Investment Managers (AIIM) has completed a capital increase of ZAR5.5bn (c.$370m) for its flagship SADC infrastructure fund, the IDEAS Managed Fund (IDEAS).
Inspired Evolution via its Evolution II Fund has led a $15m financing round in d.light, a leading innovator of solar, lighting and sustainable products.
Leadway Assurance, Trium Networks and a number of Nigerian HNIs have participated in an oversubscribed seed round of $3.1m (N1.3bn) into Sparkle, a mobile-first digital bank that provides financial, lifestyle and business support services to Nigerians across the globe.
Summit Africa has announced the final close for its impact-focused private equity fund, Summit Private Equity Fund I (SPEF I), with total commitments of R1.6bn ($115m, exceeding its initial target.
Adenia Partners has acquired a majority stake in Altilands, the parent company of Red Lands Roses, a grower of premium fresh-cut roses in Kenya.
Egypt-based Fawry and wider consortium of Western venture capital firms have invested $5m in alsoug, the largest digital classifieds and marketplace in Sudan.
Africa50 has launched Africa50 Infrastructure Acceleration Fund, a new Fund aimed at catalyzing further investment flows into African infrastructure.
The Futuregrowth Community Property Fund (Comprop) has acquired two prime shopping centres, King Senzangakhona Shopping Centre and Murchison Mall, from two listed REITs.
One Thousand & One Voices (1K1V) has announced a R200m (approximately $13.5m) investment in a minority stake in Digital Ecosystems (DigiCo), an investment holding company that provides integrated technology services to the telecommunications sector, as well as various SaaS platforms.
African Development Partners III Fund (ADP III), managed by Development Partners International (DPI), has exceeded its $800m target, and is set to hold a final close at $900m, with an additional $250m of dedicated co-investment capital.
Development Partners International (DPI) has sold its 31% stake in Food Concepts, a Quick Service Restaurant (QSR) operator in West Africa, to African Capital Alliance (ACA).
ARPF, a Mauritian private equity fund advised by London-based ARCH Emerging Markets Partners, has provided $2.5 in convertible note financing to Sun Exchange, a crowd-based global solar leasing platform