AfricInvest, via the Cathay Africinvest Innovation Fund, and Novastar Ventures, have led a $10m Series A equity in Turaco, an insurtech company driving mass market insurance adoption.
Sanari Capital has announced a R475m (c.$28m) first close on its Sanari 3S Growth Fund, receiving commitments from leading institutional investors, including the 27Four Black Business Growth Fund, RisCura (on behalf of various clients), and the National Fund for Municipal Workers.
AfricInvest has invested $30m in Pre-Series B round in ArabyAds, an AdTech company in the MENA region.
Tana Africa Capital and Sango Capital have made a minority investment in Sundry Markets, one of Nigeria’s fastest growing modern grocery retailers.
Mergence Investment Managers, through its Infrastructure and Development Equity Fund, has acquired a controlling equity stake in a portion of the innovative affordable rental housing group, Live Easy.
Verdant Capital Hybrid Fund has announced its first $7m subordinated debt investment in Watu Credit Uganda to expand its footprint of two-wheeler financing throughout the country.
HAVAÍC has announced a $500,000 investment in FinAccess, an East African headquartered software solutions provider that digitises community banks or SACCOs (Savings & Credit Cooperative Organisations) and farming co-operatives (co-ops) in the region.
InfraCo Africa has made a $43m anchor investment into Climate, Energy Access and Resilience (CLEAR), a climate-focused fund advised by Helios Investment Partners (Helios).
Apis Growth Fund I, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in South African SME Financing company Retail Capital to TymeBank.
Actis, a global investor in sustainable infrastructure, has recently concluded a first close of its real estate fund, Actis West Africa REIF( NREIF) at $45m.
Amethis has exited Pétro Ivoire, a retail distributor of oil and gas products in Cote d’Ivoire, through the sale of its minority stake to Caisse Nationale de Prévoyance Sociale (CNPS), a large Ivoirian public institution.
AfricInvest, a multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund [CAIF], at €110m.
InfraCo Africa has signed an agreement with Savenda Capital committing $2b towards construction of the ZAMBIAFresh Lusaka Market in Zambia’s capital.
Mirova, an affiliate of Natixis Investment Managers dedicated to impact investing, has acquired 100% of SunFunder, a private debt management company that finances renewable energy projects in Africa and Asia.
