Kibo Capital Partners has sold its interest in the Kenyan logistics and distribution company, General Cargo Group (GCG), to majority shareholder Velogic, the logistics arm of Rogers Group.
AfricInvest FIVE has co-led a $100m Series C financing round with existing investors Goodwell Investments and LUN Partners Group in MFS Africa, Africa’s largest digital payments network.
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier, from South African healthcare group Ascendis Health.
InfraCo Africa and Helios Investment Partners have joined forces to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR).
Vostok New Ventures (VNV) and Endure Capital have co-led a $26m Series A investment round in Breadfast, Egypt’s grocery delivery platform.
Africa-focused infrastructure investment funds have set record fundraising targets in 2021, according to new analysis by global law firm Linklaters.
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.
