18 Mar
News > Private Equity > Deals
The Rise Fund, the global impact investing platform of alternative investment firm TPG, has agreed to invest $200m in Airtel Mobile Commerce (AMC), a wholly owned subsidiary of Airtel Africa, at $2.65bn valuation.
16 Mar
News > Private Equity > Deals
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), has agreed to provide €29m in financing to Urbasolar, the developer of a 30MW solar plant in Burkina Faso.
16 Mar
News > Private Equity > Fundraising
Savannah Fund, Africa’s technology venture capital firm, has launched Savannah Fund II, a $25m fund that will invest in early-stage startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.
16 Mar
News > Private Equity > Deals
Avenir Growth Capital and Tiger Global Management have led a $170m Series C for Flutterwave, a digital payments platform for African businesses.
15 Mar
News > Private Equity > Deals
The Catalyst Fund Inclusive Digital Commerce accelerator, managed by BFA Global, in partnership with the Mastercard Foundation COVID-19 Recovery and Resilience Program and the Meltwater Entrepreneurial School of Technology (MEST), have jointly invested in Boost Ghana and KudiGo.
9 Mar
News > Private Equity > Fundraising
SunFunder has fully closed its oversubscribed $70m Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia.
3 Mar
News > Private Equity > Deals
ARISE Industrial Services (ARISE IS), a pan-African infrastructure developer and operator, has acquired 35% stake in Aera Group, a trader of environmental certificates in Africa, based on a valuation of €28.5m.
3 Mar
News > Private Equity > Fundraising
HAVAÍC, an African focused venture capital investor, has announced the second close of its Universum Core African Fund, a joint venture between HAVAÍC and Universum Wealth.
2 Mar
News > Private Equity > Deals
Old Mutual Investment Group (Namibia) via its infrastructure investment fund has acquired a majority stake in a 5MW solar PV (photovoltaic) plant at Rosh Pinah in the Karas Region of Namibia.
2 Mar
News > Private Equity > PE Industry News
FSD Africa, a specialist development agency working to reduce poverty by strengthening financial markets across sub-Saharan Africa, has signed co-operation agreements with AVCA, EAVCA, SAVCA and PEVCA to coincide with the launch of the Africa Private Equity and Private Debt Programme.
2 Mar
News > Private Equity > Deals
Convergence Partners, a tech investor in Africa, has entered into an agreement with Inseego Corp. to acquire 100% of Ctrack’s operations in Africa and the Middle East.
2 Mar
News > Private Equity > Deals
The Vumela Fund, established by FNB Business and Edge Growth, has invested in Inoxico, a South African tech company that uses trade credit analytics to help companies grow with their business customers.
1 Mar
News > Private Equity > Deals
Luxembourg Microfinance and Development Fund (LMDF) advised by ADA has invested an undisclosed amount in Yehu Microfinance, a Kenyan microfinance institution (MFI).
1 Mar
News > Private Equity > Deals
The Australian venture capital firm TEN13 has invested an undisclosed amount of pre-seed funding in ImaliPay, an African-based fintech start-up.