Avenir Growth Capital and Tiger Global Management have led a $170m Series C for Flutterwave, a digital payments platform for African businesses.
The Catalyst Fund Inclusive Digital Commerce accelerator, managed by BFA Global, in partnership with the Mastercard Foundation COVID-19 Recovery and Resilience Program and the Meltwater Entrepreneurial School of Technology (MEST), have jointly invested in Boost Ghana and KudiGo.
SunFunder has fully closed its oversubscribed $70m Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia.
ARISE Industrial Services (ARISE IS), a pan-African infrastructure developer and operator, has acquired 35% stake in Aera Group, a trader of environmental certificates in Africa, based on a valuation of €28.5m.
HAVAÍC, an African focused venture capital investor, has announced the second close of its Universum Core African Fund, a joint venture between HAVAÍC and Universum Wealth.
Old Mutual Investment Group (Namibia) via its infrastructure investment fund has acquired a majority stake in a 5MW solar PV (photovoltaic) plant at Rosh Pinah in the Karas Region of Namibia.
FSD Africa, a specialist development agency working to reduce poverty by strengthening financial markets across sub-Saharan Africa, has signed co-operation agreements with AVCA, EAVCA, SAVCA and PEVCA to coincide with the launch of the Africa Private Equity and Private Debt Programme.
Convergence Partners, a tech investor in Africa, has entered into an agreement with Inseego Corp. to acquire 100% of Ctrack’s operations in Africa and the Middle East.
The Vumela Fund, established by FNB Business and Edge Growth, has invested in Inoxico, a South African tech company that uses trade credit analytics to help companies grow with their business customers.
Luxembourg Microfinance and Development Fund (LMDF) advised by ADA has invested an undisclosed amount in Yehu Microfinance, a Kenyan microfinance institution (MFI).
The Australian venture capital firm TEN13 has invested an undisclosed amount of pre-seed funding in ImaliPay, an African-based fintech start-up.
Verod Capital Management has announced the completion of the merger between Tangerine Life Insurance, a Verod Capital partner company, and ARM Life.
SunFunder through its Solar Energy Transformation Fund, has acted as a lead arranger in a $11m syndicated debt facility to SunCulture, a solar irrigation company headquartered in Nairobi, Kenya.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has subscribed to the Acorn Holdings Real Estate Investment Trust (REIT) committing to support the delivery of affordable student accommodation in Nairobi.
