Janus Continental Group (JCG), a conglomerate with businesses in the Energy, Hospitality and Real Estate sectors across three continents, has invested $13m in Highview Enterprises, a developer of liquid air long-duration energy storage systems, called the CRYOBatter.
Phatisa Food Fund 2 (PFF 2) has reached a $143m final close following an $82m joint commitment from a a group of development finance institutions (DFIs) – CDC Group, Norfund, Finnfund, FinDev Canada and BIO.
After ten years supporting Orange’s growth on the Malagasy market, a consortium of minority investors led by Terra Mauricia and Kibo Fund divested in January 2021 its 16% stake in Orange Madagascar.
Amethis has acquired a minority stake in Nouvelle Minoterie Africaine (NMA), a leading FMCG company in Senegal, which produces and distributes poultry and livestock feed, pasta and wheat flour.
In 2020, Africa recorded its highest level of project financing in a decade in terms of investment value with 28 deals, totalling $30.07bn, reaching financial close, according to Linklaters.
Futuregrowth Development Equity Fund has acquired a significant stake in Thebe Tourism Group, alongside its senior management.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has sold its remaining stake in Cash Plus, the largest independent money transfer company in Morocco, to a group of Moroccan family offices.
Resource Capital Fund VII (RCF VII) and Beedie Investments have provided a $35m convertible note facility with an interest rate of 8.5% to Orezone Gold Corporation to fully finance the construction of Bomboré Gold Project located in Burkina Faso, West Africa.
SPE Capital Partners has announced the final close of SPE AIF I, an Africa-focused private equity fund, at $258m, well above its initial hard cap of $200m.
Kasada Capital Management has announced the first transaction made through its debut fund, Kasada Hospitality Fund, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.
Owl Ventures, the largest venture capital fund in the world focused on the education technology market with over $1.2bn in assets under management, has led a $7.5m Series A round in uLesson, a Nigerian technology platform.
Àrgentil Capital Management has announced an undisclosed equity investment in Sygen Pharmaceuticals, an indigenous pharmaceutical company in Nigeria.
Intel Capital, Africa Internet Ventures, a strategic partnership between TPG Growth and EchoVC, and the family offices of Ronald Lauder and Eric Zinterhofer, have invested $85m in a Series B funding in Gro Intelligence.
Inspired Evolution, Norfund and Sagecom have participated in a $35m equity investment to establish and finance ESCOTEL, an energy services company currently focused on Sub-Saharan Africa countries.
