AFG Holding SA has acquired a controlling stake in Access Microfinance Holding AG (AccessHolding) and indirectly its African subsidiaries.
Mirova, a France-based global sustainable investment and asset management group, has invested $15m in SolarAfrica, a renewable energy enabler and independent power producer, making its first first investment in South Africa.
SPE PEF III (SPE Capital), the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV) and British International Investment (BII) have agreed to acquire Tamweely Microfinance (Tamweely), a non-banking financial services company in Egypt specializing in serving micro, small and medium enterprises (MSMEs), from its current shareholders: Ayady for Investment & Development, NI Capital Holding for Financial Investments, and Post for Investment Company.
Mergence Investment Managers has invested R160m in Solarise Africa, an energy-as-a-service company for businesses across Africa.
Pepea, an impact investment fund from Oxfam Novib managed by Goodwell Investments, has made its first investment into Gaea Foods, a potato-processing company targeting the B2B market, based in Nairobi, Kenya.
Adenia, a private equity firm focused on growth opportunities in Africa, has finalized the sale of its 100% equity stake in OMOA Group (OMOA) to SPE Capital, a private equity firm focused on the Middle East and Africa.
African Infrastructure Investment Managers (AIIM), Africa’s largest dedicated sustainable infrastructure equity manager, has announced the final close of its fourth pan-African infrastructure fund, African Infrastructure Investment Fund 4 (AIIF4).
The Helios Climate, Energy Access, and Resilience (CLEAR) Fund has raised approximately $200m in its first close for investment in African businesses focused on climate mitigation and adaptation.
Adenia Partners has completed the acquisition of Air Liquide’s operations in 12 African countries, giving birth to Erium, the first pan-African leader in industrial and medical gases.
Sango Capital has acquired a majority of the Limited Partner interests in Synergy Private Equity.
Metier has announced the final close for Metier Capital Growth Fund III, raising over $219m and exceeding its targeted fund size of $200m.
Kasada, an independent real estate private equity platform dedicated to delivering attractive sustainable value across the hospitality sector in Africa, has sold the Ibis Douala located in Bonanjo, a key business district of the city of Douala, in Cameroon to Christina Hotel, part of the Bocom Group.
MNT-Halan, Egypt's first unicorn and fastest-growing fintech company, has raised a total of $157.5m ─ $40m from the International Finance Corporation (IFC) and the remainder from DPI (Development Partners International), Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp.
Innovate Africa Fund, an angel investment fund that supports early-stage founders in funding life-changing ideas, taking startups from conception to product and financing innovative ventures, has launched with an initial $2.5m rollout.
