InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately $27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria.
Investisseurs & Partenaires (I&P), a pan-African impact investor based in Paris, through its fund I&P Afrique Entrepreneurs 2, has participated in a pre-series A investment round in StarNews, Africa’s fastest-growing mobile content platform.
Fairfax Africa and Helios Holdings have announced the completion of the strategic transaction signed on July 10, 2020.
Convergence Partners has acquired an additional $5m interest in ChannelVAS (CVAS), a fintech provider of mobile financial services across sub-Saharan Africa and beyond. Convergence Partners exercised preferential and exclusive rights to acquire the stake as a result of an intra-consortium rebalancing of the holdings of another member of the Ethos consortium through which Convergence Partners is partially invested.
Inside Capital has invested $3.1m in the Mauritian recyclable waste collector company WeCycle, to drive its local and regional expansion.
EXEO Capital has invested via its Food and Agribusiness fund, Agri-Vie Fund II, in Glacier Products – the producers of Kenya’s renowned ice-cream and chocolate brand, ‘Dairyland’.
Climate Fund Managers (CFM) has agreed to co-finance and co-develop a portfolio of solar-powered desalination installations, turning brackish groundwater into drinking water.
Harith General Partners, one of Africa’s largest infrastructure-focused private equity fund managers, has announced that the $296m Zimbabwe Beitbridge border post complex BOT Public Private Partnership has reached financial close.
LCP Fund II (LCP), managed by Lorax Capital Partners, has acquired a significant minority stake in DSQ Group, one of the leading end-to-end loyalty and rewards solutions providers in the CEMEA region.
Criterion Africa Partners (CAP), a private equity firm investing in the forestry sector in Sub-Saharan Africa, has announced that its portfolio company Global Woods has completed the sale of its Uganda timber plantation to Nile Fibreboard (NFB), a local strategic buyer.
Edge Growth through its Coca-Cola Beverages South Africa (CCBSA) Fund has invested an undisclosed amount in Bashumi Instruments & Control Services (BICS), a South African 100% black Female owned company.
AfricInvest, a Pan-African mid-cap-focused private equity firm, has acquired a minority stake in Fidelity Bank Ghana.
A.P. Moller Capital has through the Africa Infrastructure Fund 1 has acquitred a 49% shareholding in Casablanca-based grain terminal operator Mass Céréales al Maghreb (MCM).
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80m for its flagship pan-African infrastructure fund, AIIF3.
