Tuninvest Sicar, a multi-sector fund managed by Africinvest Group, has sold its 30% stake in Hydrosol Fondations, a Tunisian geotechnical and foundation engineering company, to Ginger Group.
Development Partners International (DPI)’s backed Compagnie Marocaine de Goutte à Goutte et de Pompage (CMGP) has combined with Comptoir Agricole de Souss (CAS), creating a major new player in the Moroccan and African agricultural industry.
Africa Capital Alliance (ACA) via its Capital Alliance Private Equity IV (CAPE IV) fund, has agreed to invest $20m in Accelerex.
InfraCo Africa, EkoRent Oy and EkoRent Africa (subsidiary of EkoRent Oy) have signed a Shareholders Agreement, investing €1m to enable EkoRent Africa to scale up its NopeaRide electric mobility initiative in Nairobi.
African Infrastructure Investment Managers (AIIM) has acquired a minority equity stake in MetroFibre Networx, a South African open access fibre network operator, through the newly incorporated Digital Infrastructure Investment Holdings platform.
CrossBoundary Energy (CBE ), a direct investment arm of CrossBoundary that finances solar projects in Africa, has exited of its first fund at a 15% net IRR to investors.
Development Partners International (DPI) through its ADP III fund, CDC Group, and the European Bank for Reconstruction and Development (EBRD) have joined forces to create a a new pan-African biopharmaceutical platform.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Mr. Green Africa (MGA), the Nairobi based recycler and recycled plastics supplier.
The Vumela Fund has provided a significant debt facility to Letsema Consulting and Advisory, a South African management consulting firm.
EXEO Capital (EXEO), together with Stellenbosch Graduate Institute (SGI) – a specialist provider of online higher education, have acquired Pearson Institute of Higher Education (PIHE).
East African energy impact fund KawiSafi Ventures has led a Series B investment round in Angaza, a technology provider enabling consumer access to essential products in emerging markets.
Climate Investor Two (CI2), managed by Climate Fund Managers (CFM), Kelp Blue and the Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, have partnered for the commercial development of the world’s first large- scale kelp farm.
Secha Capital Partners has announced the first close of its second fund, Secha Capital Impact, a Southern Africa early-stage operations-focused impact private equity fund.
Actis has agreed to acquire a controlling interest in Octotel, a fibre-to-the-home operator in South Africa for an enterprise value of ZAR2.3bn ($140m).
