Speedinvest and Left Lane Capital have led a $23m Series A financing round in Moove, an African mobility fintech company.
ULIMI Fund, a private equity fund managed by Old Mutual Investment Group Malawi, has made a significant investment in Gala Agriculture Company, a successful macadamia plantation in Malawi.
Edge Growth and the ASISA ESD initiative have invested R20m in I-G3N, the only black empowered female-owned SME to successfully develop lithium-ion batteries specifically for the African continent.
CDG Invest PME (CIP), a Morocco-based private equity firm previously known as CDG Capital Private Equity, has agreed to sell a majority stake in Techniques Science-Santé (T2S), IM Alliance, Cyclopharma and Binarios, the largest and most diversified group of MedTech companies in Morocco, to funds managed by Helios Investment Partners.
Convergence Partners Digital Infrastructure Fund (CPDIF) has reached its first close at $120m, targeting a final size of $250m.
A consortium of investors led by South African private equity fund manager Metier has invested $36m in Africa Mobile Networks (AMN).
Qatar Holding, an affiliate of the Qatar Investment Authority (QIA), has agreed to $200m in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa. AMC BV is the holding company for several of Airtel Africa’s mobile money operations; and ultimately is intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries.
Mediterrania Capital Partners has invested through its fund MC III, in Dislog Industries, one of the largest FMCG manufacturers in Morocco.
Alterra Capital Partners, an Africa-focused private equity firm that spun out of Carlyle in 2020, has been joined by Bryce Fort and Paul Maasdorp, Partners at Emerging Capital Partners (ECP), to launch a new African investment vehicle.
Investisseurs & Partenaires (I&P) has led a $7.9m Series A.0 fund raise in Zeepay. a Ghanaian fintech company.
Vantage Capital, Africa’s largest mezzanine fund manager, has announced the successful first close on its fourth mezzanine fund at $207m.
Rwanda Finance (RF) and the East Africa Venture Capital Association (EAVCA) have partnered to enable private investment in Africa through their respective mandates.
African Development Partners II (ADP II), a fund advised by Development Partners International (DPI), and AfricInvest have announced the completion of Compagnie Marocaine de Goutte à Goutte et de Pompage’s (CMGP) merger with Comptoir Agricole du Souss (CAS), creating a new champion in Moroccan and African agriculture, which will be known as CMGP-CAS.
Injaro Agricultural Capital Holdings (IACH), an impact investment fund managed by Injaro Investments, has sold its 30% stake in seed producer M&B Seeds and Agricultural Services Ghana (M&B) to the founder and other shareholders.
