Zoscales Partners, an investment firm, investing in private equity with impact in East Africa, has invested in Pioneer Diagnostics Center (PDC), a diagnostic imaging service provider in Ethiopia.
Carlyle Group is spinning out its Sub-Saharan African team to Alterra Capital, a new company formed by the managers of its $700m regional fund, Bloomberg reported.
Inclusivity Solutions, a company that designs, builds, operates and innovates digital insurance solutions, has secured an additional $1.3m in its second tranche of its Series A round, bringing the total Series A round to $2.6m.
Pearl Capital Partners, which manages the Yield Uganda Investment Fund, has made a seventh investment of UGX 4.6bn (ca. $1.2m) in Naseco.
Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, has successfully completed the sale of MetaMed, the region’s largest diagnostic imaging network, to Ray Lab, owned by a consortium of international and regional investors.
Members of RENEW's Impact Angel Network (IAN) have funded a third investment in Roadrunner Technology Solutions (Roadrunner), a partner of Deliver Addis in Addis Ababa, Ethiopia.
Cepheus Growth Capital Partners has invested in East African Lion Brands Manufacturing Share Company (Lion Brands), one of Ethiopia’s leading domestic manufacturers of fast moving consumer goods (FMCG) products in the home care, personal care and food segments.
Actis has exited its majority stake in GHL Bank, a full-scale commercial bank in Ghana, to First National Bank Ghana, a 100% subsidiary of FirstRand Group.
Mediterrania Capital Partners has acquired an undisclosed stake in MetaMed, the largest platform of Diagnostic Imaging centres in Egypt, Jordan and Saudi Arabia.
Development Partners International (DPI), a Pan-African private equity firm, has invested in Société Industrielle des Conserves Alimentaires (SICAM), a food business and tomato processor in Tunisia.
Goodwell Investments, via its West Africa partner Alitheia Capital, has led a €3.9m Series A investment round in Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for the African market.
Ninety One, via its Africa Private Equity Fund 2 (91APEF2), along with Rand Merchant Bank Ventures (RMBV) and other shareholders, has sold a portion of its equity investment in Kamoso Africa to the Botswana Development Corporation (BDC).
The Clean Technology Fund (CTF), managed by the Climate Investment Funds (CIF), has extended a $10m concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
East Africa Fruits, a Tanzanian company addressing food distribution challenges to improve efficiencies in the farm-to-market sector, has closed Series A equity funding totaling $2.05m.
