African Development Partners III Fund (ADP III), managed by Development Partners International (DPI), has exceeded its $800m target, and is set to hold a final close at $900m, with an additional $250m of dedicated co-investment capital.
Development Partners International (DPI) has sold its 31% stake in Food Concepts, a Quick Service Restaurant (QSR) operator in West Africa, to African Capital Alliance (ACA).
ARPF, a Mauritian private equity fund advised by London-based ARCH Emerging Markets Partners, has provided $2.5 in convertible note financing to Sun Exchange, a crowd-based global solar leasing platform
Softbank Vision Fund 2 has led a Series E $200m investment in Andela, a global network for remote engineering talent, that values the company at $1.5bn
BluePeak Private Capital has raised over $100m for the initial closing of its flagship private credit and mezzanine fund, BluePeak Private Capital Fund I.
Helios Investment Partners, acting on behalf of funds it advises, has sold its 49% stake in GBfoods Africa (GBFA) to its partner and co-shareholder, The GBfoods SA (GBfoods).
Sahel Capital has launched the $24m Social Enterprise Fund for Agriculture in Africa (SEFAA), sponsored by the German development bank, KfW.
Alitheia IDF, a private equity fund that identifies, invests in, and grows SMEs, has led a $3m Series A investment round in ReelFruit, a premium dried fruit company in Nigeria.
Amethis has acquired a minority stake in Avacare, a distributor and manufacturer of pharmaceuticals and healthcare consumable products in Zimbabwe.
The Facility for Energy Inclusion (FEI) has acted as lead arranger for a €60m multi-country facility for AktivCo SAS’ subsidiaries in Chad, Niger, Cameroon, Ivory Coast, and Burkina Faso.
Apis Growth Fund II, Development Partners International (DPI), Lorax Capital Partners, Middle East Venture Partners, Endeavor Catalyst, and DisruptTech, have backed MNT-Halan, Egypt’s fintech ecosystem, with approximately $120m.
African Infrastructure Investment Managers (AIIM) through its pan-African infrastructure fund, AIIF3, has acquired a significant stake in Sodigaz, an LPG distributor based in Burkina Faso and Benin.
Mauritius Commercial Bank (MCB) has provided a bridge loan to OrgaEarth, a Madagascar-based producer of cactus oil.
Sanlam Investments has launched Sanlam Investments Sustainable Infrastructure Fund with commitments of R500m.
