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.
Sanari Capital, a private equity firm that invests in medium-sized and mid-market growth companies from Africa, has announced a R80m follow-on investment in EduLife Group.
Oasis Capital Ghana, a growth capital fund manager focused on West Africa, has announced the successful first close of its $100m Oasis Africa Fund II (OAF II), securing $33.3m in capital commitments.
PAPEfunds has recently acquired Nedbank Private Equity’s equity stake in Entersekt, a Financial Authentication Company, following an initial investment in July 2022.
Vantage Capital, Africa’s largest mezzanine fund manager, has provided $47.5m of mezzanine funding for Two Rivers International & Innovation Centre (TRIFIC SEZ), a first of its kind services-oriented business park in a special economic zone located within the prestigious diplomatic blue zone of Nairobi, Kenya.
TLG Capital, an alternative investment firm, has announced a $10m structured private credit facility for one of the country’s largest aluminum recyclers in Nigeria, in collaboration with Wema Bank, Nigeria’s financial institution and pioneer of Africa’s first fully digital bank, ALAT.
Social impact investing cooperative Oikocredit has made a first-time loan of $10m (€9.3m) to AfricInvest Private Credit (APC) to augment support for small and medium enterprises (SMEs) throughout Africa.
