The Southern African Venture Capital and Private Equity Association (SAVCA) has launched a small, medium and micro enterprise (SMME) support platform in collaboration with is membership network, which consist of professionals who manage over R175bn in assets.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement with Global Logistics Services (GLS Group), committing $7.5m to the development of the Liberia Inland Storage Facility (LISF) project.
Adenia has finalized the sale of the 95% equity stake held by Adenia Capital (III) in Mauvilac to AkzoNobel, the third largest paint manufacturer worldwide.
The Dutch Good Growth Fund (DGGF) has partnered with Azur Partners to launch the Azur Innovation Fund (AIF) to support the Moroccan entrepreneurial ecosystem
Golden Square Equity Partners (GSEP), a privately held UK Company, has acquired a 99.43% interest in Casa Mining from Arc Minerals for up to $50m.
Ascent Rift Valley Fund (ARVF), an SME Private Equity Fund investor, has recently invested in Metro Plastics Kenya, a manufacturer of PVC and PPR water pipes, electrical conduits, waste pipes, fittings and gutters.
Metier, an independently owned private equity fund manager, has signed a Joint Development Agreement with Tembo Power for its Kaptis project, a 14.7 MW run of river hydropower project in Kenya, together with its partner WK Construction, a leading contractor in the field of hydropower in sub-Saharan Africa.
27four Black Business Growth Fund II (27four BBGF II), a blended finance partnership between the South African Government through the Jobs Fund, and South African institutional investors, has announced a second close with total capital of R710m.
Blue Haven Initiative, an innovative family office dedicated to putting wealth to work for competitive returns and positive social and environmental change, has led a Series A funding of $3.6m in Field Intelligence.
ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) has committed up to $16.5m to fund CrossBoundary Energy (CBE) to develop and finance new Commercial & Industrial (C&I) solar assets.
The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59m in committed equity capital and $36m debt facilities, to support innovative, off-grid energy access companies.
AfricInvest Financial Inclusion Vehicle (FIVE) has acquired a minority shareholding in I&M Bank (Rwanda) through AfricInvest Evergreen Investments, a special purpose vehicle formed by AfricInvest.
Prime Ventures, Partech Africa and management have acquired TerraPay for an undisclosed sum.
Orange Digital Ventures Africa (ODV) has led a $1.5m seed investment round in Youverify. a start-up, founded in Lagos, Nigeria which automates identity and background verification processes, primarily serving financial and telecommunication service providers.
