Amethis, an investment fund manager dedicated to long-term responsible investing across the African continent, has announced the first closing of Amethis MENA Fund II at $101m (€85m).
LeapFrog Investments has acquired a 16.94% stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana, from Amethis and Edmond de Rothschild Equity Strategies (ERES).
Emerging Capital Partners (ECP), A.P. Moller Capital, DEG and Investment Fund for Developing Countries (IFU- Denmark), have launched ECP Power & Water Holding, a company that will invest in the industrial group Eranove.
Oasis Capital Ghana, manager of the Oasis Africa VC Fund (OAF), has announced a dual minority investment in Sonam Générale Assurances Côte d’Ivoire and Sonam Assurances Vie Côte d’Ivoire.
The African Development Bank (AfDB) has reached financial close on financing agreements for a $20m concessional investment from the Sustainable Energy Fund for Africa (SEFA) for the Covid-19 Off-Grid Recovery Platform (CRP).
FONSIS, the Senegalese Sovereign Wealth Fund and KfW, the German Development Bank have launched Oyass Capital, an investment fund dedicated to investments in SMEs in Senegal.
Revego Africa Energy has acquired stakes in a number of wind assets from Metier and Lereko, who jointly manage the Lereko Metier Sustainable Capital Fund.
The Acumen Resilient Agriculture Fund (ARAF), sponsored by Acumen and anchored by Green Climate Fund, has closed on June 30 at $58m, above its fundraising target.
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).