DOB Equity, a Dutch family-backed impact investor in East Africa, has invested in Zanrec to expand the company’s growth and to widen its range of commercial solutions in waste collection, recycling and awareness in Zanzibar.
AfricInvest, with participation from Endeavor Catalyst, a New York-based co-investment fund under Endeavor, has invested $7m in Series A funding in InstaDeep, an enterprise AI startup.
The Rise Fund, a global impact investment fund managed by TPG Growth, has invested in Zipline, a provider of next-generation, precision drone delivery for healthcare services.
Verod Capital Management has completed a full exit of its ownership of Rotoprint, a flexible packaging company based in Nigeria.
XSML through its African Rivers Fund, has invested in SOS Médecins de Nuit (MDN), a healthcare clinic based in Kinshasa, DRC.
DOB Equity, a Dutch family-backed impact investor in East Africa, has invested in Jibu Tanzania, a regional producer and distributor of clean drinking water.
Investec Africa Private Equity Fund 2 (IAPEF2) has completed a follow-on growth equity investment in its portfolio company - wiGroup, a mobile-transacting software provider.
LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its $600m target to reach $700m.
Allianz X, the digital investment unit of the Allianz Group, has invested in SafeBoda, a major African ride hailing platform that also offers various on-demand consumer and payment services, based in Kampala, Uganda.
APQ Global, an emerging markets investment firm with a focus on Asia, Latin America, Emerging Europe, the Middle East and Africa, has acquired New Markets Media & Intelligence.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North Africa and Sub-Saharan countries, has sold a significant stake in Cash Plus, the largest independent money transfer company in Morocco, to Groupe Richbond, a Moroccan industrial and property conglomerate.
AfricInvest has announced the fourth close of FIVE, an evergreen platform for investing in financial institutions in Africa.
The Mergence group has acquired a controlling stake in Cadiz Corporate Solutions, with the team rebranded under the name Mergence Corporate Solutions, with a presence in Johannesburg and Cape Town.
Adenia Partners, a private equity fund manager focused on control investments in Sub-Saharan Africa, has exited its investment in Socolait, a dairy producer and distributor in Madagascar.