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.
Africa50 has launched Africa50 Infrastructure Acceleration Fund, a new Fund aimed at catalyzing further investment flows into African infrastructure.
