InfraCo Africa has agreed to sell its 25% stake in Golomoti JCM Solar Corporation to Old Mutual Infrastructure Investment Trust Fund (Malawi), which sits within Old Mutual Investment Group’s Alternative Investments capability.
Apis Growth Fund I, a private equity fund managed by UK-based asset manager Apis Partners Group (UK), has signed binding agreements to sell its full stake in Baobab, an African financial services provider specialising in supporting small and medium-sized enterprises (SMEs).
P1 Ventures, an early-stage, Pan-African venture capital firm, has completed the final close of its first $50m institutional fund and welcomed African conglomerates, family offices, and partners at global VCs, alongside the World Bank’s IFC.
Amethis has announced its exit from the capital of Merec Industries to Invictus Investment.
Verdant Capital Hybrid Fund has completed its fifth investment of $2m, structured as junior convertible debentures in UsPlus in South Africa.
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands), a company of Tech Mahindra group, a global provider of technology consulting and digital solutions to enterprises across industries, have signed a set of shareholder and technology collaboration agreements to formalise their joint investment in Furaha.
The African tech sector attracted only 7% less capital than in 2023, demonstrating resilience and securing $3.2bn in funding (equity and debt combined), according to the annual Africa Tech Venture Capital report by Partech.
Adiwale Fund I has made a follow-on investment in Enko Education, a group of African international schools, to support its expansion across the continent.
Futuregrowth Asset Management has announced a R150m investment into Sourcefin, a South African fintech and alternative funding provider dedicated to providing access to finance and specialist supply chain support for small and medium-sized enterprises (SMMEs).
The Grameen Crédit Agricole Foundation, Beyond Finance, and FosterImpact have collaboratively launched the Women Empowerment for Climate Fund, aiming to raise $100m.
Novastar Ventures has invested in Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has brought a 20 MW solar photovoltaic (PV) plant in north-western Uganda to financial close, investing c. $18m in the project.
Sanari Capital, a women-led and majority Black-owned South African private equity firm, has raised c.R1.5bn ($80m) for the Sanari 3S Growth Fund, a portfolio with significant transformative potential across Africa.
AFRIGREEN Debt Impact Fund, an investment fund focused on sustainable energy solutions, has entered into a $15m debt facility with several project companies owned by Watt Renewable Corporation, an independently-owned provider of hybrid solar solutions in Nigeria.
