Qatar Holding, an affiliate of the Qatar Investment Authority (QIA), has agreed to $200m in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa. AMC BV is the holding company for several of Airtel Africa’s mobile money operations; and ultimately is intended to own and operate the mobile money businesses across all of Airtel Africa’s fourteen operating countries.
Mediterrania Capital Partners has invested through its fund MC III, in Dislog Industries, one of the largest FMCG manufacturers in Morocco.
Alterra Capital Partners, an Africa-focused private equity firm that spun out of Carlyle in 2020, has been joined by Bryce Fort and Paul Maasdorp, Partners at Emerging Capital Partners (ECP), to launch a new African investment vehicle.
Investisseurs & Partenaires (I&P) has led a $7.9m Series A.0 fund raise in Zeepay. a Ghanaian fintech company.
Vantage Capital, Africa’s largest mezzanine fund manager, has announced the successful first close on its fourth mezzanine fund at $207m.
Rwanda Finance (RF) and the East Africa Venture Capital Association (EAVCA) have partnered to enable private investment in Africa through their respective mandates.
African Development Partners II (ADP II), a fund advised by Development Partners International (DPI), and AfricInvest have announced the completion of Compagnie Marocaine de Goutte à Goutte et de Pompage’s (CMGP) merger with Comptoir Agricole du Souss (CAS), creating a new champion in Moroccan and African agriculture, which will be known as CMGP-CAS.
Injaro Agricultural Capital Holdings (IACH), an impact investment fund managed by Injaro Investments, has sold its 30% stake in seed producer M&B Seeds and Agricultural Services Ghana (M&B) to the founder and other shareholders.
Tana Africa Capital has invested through its second fund Tana Africa Capital II (TAC II) in Kensington Distillers & Vintners (KDV), a fast-growing alcoholic beverage manufacturing and distribution business with operations in South Africa, Kenya and Nigeria.
African Infrastructure Investment Managers (AIIM), Adenia Partners and IFC have partnered to invest $130m to support Eastcastle Infrastructure (Eastcastle), a company specializing in Africa’s telecoms tower sector.
Adenia Partners has acquired a majority stake in Herholdt’s, a distributor of low-voltage electrical products and solar products in South Africa.
The Africa Renewable Energy Fund II (AREF II) has achieved its first close at €125m, following a joint investment of €17.5m from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank.
Gemcorp Group, an emerging markets investment, commodities and energy group, has completed a management buyout from its seed investor.
Gemcorp Capital has led a $105m financing for Africell, a fast-growing pan-African mobile network operator.