Uhuru Investment Partners, a middle-market private equity firm, has announced the first close of Uhuru Growth Fund I (UGF) at $113m.
Metier has sold its 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape to Revego Africa Energy for R204m.
Adenia, a private markets investment firm in Africa, has finalized the sale of its 100% equity stake in Ademat to SPE Capital, a private equity firm focused on Africa and the Middle East.
Misr Capital, the investment arm of Banque Misr, and Elevate Private Equity have launched a $380m healthcare investment platform, Nile Misr Scan & Labs.
Newfund and ResiliAnce have led a Seed investment round of $1.2m in OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa.
MiDA Advisors, a global transaction and financial advisory firm, and SAVCA have launched the Women Empowerment Mentoring and Incubation Fund Manager Programme (WE>MI), to increase the number of investable women fund managers in Southern Africa.
Partech Africa, a member of the Partech Group, a global technology venture capital fund, and Enza Capital have invested in the $3.6m extension round in Tugende, a technology enabled MSME lender in East Africa.
South African venture capital firm Kalon Venture Partners has announced a follow-on investment a cyber-security email protection and compliance business, Sendmarc.
HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors have invested an undisclosed amount in Kenyan agency banking startup Tanda.
Mastercard, a global technology company in the payments industry, has agreed to invest $100m in Airtel Mobile Commerce BV, a wholly owned subsidiary of Airtel Africa.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has agreed to sell the whole of its interest in third-party payments enabler International Tutuka Holdings to Salt Pay Co.
The Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump, and the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), managed by LHGP Asset Management, have invested €4m in Baobab+.
As a result of the economic fallout precipitated by the Covid-19 crisis, the value of PE deals marginally declined to $3.3bn in 2020, from $3.8bn in 2019, according to the new AVCA report.
Criterion Africa Partners, a private equity firm investing in the forestry sector in Sub-Saharan Africa, has exited the forestry and saw-milling business of its portfolio company Peak Timbers (Peak) to Shiselweni Forestry Company.
