Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth fund-of-funds (FoF) for Africa, at €55m with a target size of €100m.
Eos Capital, a Namibian private equity fund manager, has launched its third fund - the Euphrates Agriculture Fund, which aims to facilitate the industrialization of the agriculture sector, deliver social impact and provide medium term returns to investors.
Greenlight Planet, the largest provider of solar-powered home energy products in Sub-Saharan Africa and South Asia, has secured $90m in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio.
The Egyptian American Enterprise Fund (EAEF), a US government-funded private entity, has invested $50m in Lorax Capital Partners (LCP) Fund II, which has raised $142m for its first close.
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) has loaned $40m over 10 years in a debt package of $100m raised by the West Indian Ocean Cable Company (WIOCC).
Vantage Capital has made a $28m equity investment to acquire a significant minority shareholding in the Cliniques Internationales du Maroc Group (CIM Santé Group), one of Morocco’s leading healthcare groups.
Goodwell Investments has led a $2.1m Series A equity round in Good Nature Agro, a Zambian company working from end-to-end within the specialised legume value chains.
DPI’s African Development Partners III Fund (ADP III) has been chosen as the first 2X Flagship Fund, committed to investing with a gender lens.
Zebu Investment Partners through its sophomore fund, the Africa Food Security Fund, has acquired a majority equity stake in South African Ag-Tech company IQ Logistica (IQL).
Vuna Partners Fund I, a fund managed by Vuna Partners, has acquired an 80% equity stake in 4PL Group, a South African provider of logistics solutions.
Ezdehar Management, an Egypt-based private equity firm, has acquired a minority stake in Al-Tayseer Healthcare Group through Ezdehar Egypt Mid-Cap Fund.
Endeavor Catalyst has announced the final closing of Fund III, a $134m venture capital fund through which it plans to continue to invest in Endeavor Entrepreneurs in emerging and underserved markets globally.
Helios Investment Partners has launched Africa Specialty Risk Group (ASR), a reinsurance business focused on becoming the partner of choice to corporations through the provision of risk mitigating insurance solutions.
PAPE Fund 3, a mid-cap South African private equity fund, has acquired a 45% of the equity in the DDS Group of companies, an African beverage dispensing and refrigeration services provider.
