Norsad Capital has provided Central Africa Building Society (CABS) Zimbabwe, a member of the Old Mutual Group, a $10m medium-term credit facility to support the bank’s growth strategy.
adumo, an independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions.
The Executives of Ethos’ Mid Market Fund and Ethos Private Equity said that the mid-market team is spinning out, to form a new independent private equity fund manager – Infinite Partners.
Biometrics tech firm iiDENTIFii has raised $15m in a growth capital round led by African investment company Arise, whose investors include Rabobank Partnerships, Norfund, NorFinance and FMO.
Actis, through its holding company Actis Golf Nigeria (AGN), has received regulatory approval to exit its investment in Sigma Pensions, a Nigerian Pension Fund Administrator (PFA) to First Ally Asset Management, a Lagos-headquartered asset manager and First Guarantee Pensions (FGP), a subsidiary of Access Holdings.
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 exited Groupe Scolaire René Descartes (GSRD), a private educational group headquartered in Tunis and specialising in providing international accredited and homologated teaching programmesfrom pre-primary school to high school.
CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital, have led a $31m Series B investment round in Money Fellows, an Egyptian fintech platform.
Sanabil Investments, a wholly owned company by Public Investment Fund, has led a $40m Series A investment round in Classera, a global EdTech e-learning company focused on emerging markets.
DOB Equity, Seedstars International, Norrsken Foundation, and Bathurst Capital, have invested in a pre-seed funding round in Eden Care, a licensed Rwanda-based digital insurer.
Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, has launched Madica, a structured investment program for pre-seed stage technology companies in Africa.
MaxAB, a food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers across Egypt and Morocco, has closed a $40m pre-series B equity round to fuel its expansion across the MENAP region.
A15, Bolt by QED, Nclude, and Outliers have invested $3.6m in FlapKap, a tech-enabled revenue-based financing platform in the MENA region.
African Infrastructure Investment Managers (AIIM), Bauta Logistics and Mokobela Shakati Consortium have established a cold chain logistics platform, Commercial Cold Holdings (CCH) with the initial acquisition of CCS Logistics from Oceana Group.
Norsad Capital, an impact investor offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has extended a ZAR100m stretched debt facility to RH Bophelo, for the expansion of its hospitals and clinics across South Africa.
