The Rise Fund, a global impact investment fund managed by TPG, has invested in Pearl Dairy, the largest dairy processor in Uganda.
Visa has agreed to acquire a significant minority equity stake in Interswitch, a technology-driven company focused on the digitisation of payments in Nigeria and other countries in Africa.
Vantage Capital has successfully exited its $18.5m mezzanine investment in Genser Energy, a management-owned, independent power producer in Ghana.
Packaging Solutions Africa, a wholly owned special purpose vehicle established by Phatisa Food Fund 2, has offered to acquire the entire issued share capital of Rolfes, a South African industrial group.
Capria, the largest network of emerging market fund managers, has said it would be investing up to $20m in existing members and 2-3 new funds to capitalize on the budding entrepreneurial ecosystems of the African region.
Agri-Vie Fund I, an Africa Food and Agribusiness Investment Fund managed by EXEO Capital, has announced its exit from one of South Africa’s most well-established abalone farming companies, HIK Abalone Farm (HIK).
Aruwa Capital Management, a female-founded and led private equity firm focussed on Nigeria and Ghana, has launched a $20m co-investment vehicle.
Adiwale Partners, a private equity firm focusing on growth capital investments for SMEs in French-speaking West Africa, has announced the first closing of its first fund, Adiwale Fund I, at €50m.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided €8m of mezzanine funding to Equity Invest S.A., the holding company for six Moroccan technology companies.
Goldman Sachs, with participation from existing investors including the IFC, TLcom Capital and Creadev, has invested $23.75m in a Series B equity round in Twiga Foods.
DOB Equity, a Dutch family-backed impact investor in East Africa, has invested in Moringa School, a technology learning accelerator in Kenya, to help it capitalize on the fast-growing demand for technical-skilled professionals.
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, has announced the highly positive performance of the four Mediterrania Capital III (MC III) portfolio companies: TGCC, Cairo Scan, Groupe Cofina and Aziza.
Goodwell Investments has agreed to invest $2m in fast growing on-demand delivery platform Sendy in East Africa.
Aruwa Capital Management has launched a $20m West-Africa focused Private Equity co-investment vehicle, which is focused on closing the gender equality gap, and has completed its first investment, in Wemy Industries, Nigeria’s first and only indigenous personal hygiene company.
