Phatisa, together with a consortium of leading development finance institutions, has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group, for an undisclosed sum.
Spear Capital has announced additional backing for Arkay Plastics, allowing this portfolio company to expand into new territories through the company’s Malawian operations.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has invested in DT One, a global B2B digital micropayments platform powering cross-border transfers of mobile top-ups, data bundles, gaming pins and gift cards.
LeapFrog Investments and Tana Africa Capital have made a strategic investment in Interswitch, one of Africa’s leading technology-driven companies focused on the digitisation of payments.
Chancen International (CI) has announced the first close for its $21mFuture of Work Fund (FWF), a significant move aimed at realizing African Union’s agenda 2063 which advocates for well-educated citizens and skills revolution underpinned by science, technology, and innovation.
African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx (MetroFibre), following approval from the Independent Communications Authority of South Africa.
Currency risk can be a major challenge when investing in Africa, according to the ‘Currency Risk Management Practices in African Private Equity and Venture Capital’ Report, the second AVCA’s special report series alongside The Currency Exchange Fund (TCX) and MFX Solutions.
Old Mutual Private Equity (OMPE), a division of Old Mutual Alternative Investments, has sold its stake in Consol Holdings to Luxembourg-based Ardagh Group, one of the largest glass producers in the world, for an equity value of approximately R10bn (enterprise value of approximately R17bn),
Inspired Evolution and Schneider Electric have agreed to collaborate on various energy-related solutions for the African region.
EXEO Capital has acquired a majority stake in a chemical synthesis company, Chemical Process Technologies (CPT).
Cape Town-headquartered venture capital (VC) firm HAVAÍC has announced the third and final close of its second pan-African investment fund.
Kalon Venture Partners, Hlayisani Capital, Tritech Global and 4Decades Capital have invested R16.3m in a seed extension round in GoMetro, a logistics-tech platform.
Samurai Incubate and Consonance Investment have co-led a $1m pre-seed funding round in Norebase, a trade technology company building a single platform for businesses to start, scale and operate in any African country.
Apis Growth Fund I, a private equity fund managed by Apis Partners, has partially exited its position in off-grid solar energy company Sun King, formerly Greenlight Planet.
