Investec Asset Management (IAM) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt, a rapidly growing supermarket chain.
Actis has assumed the management rights on Abraaj Private Equity Fund IV (APEF IV), a global buyout fund, and Abraaj Africa Fund III (AAF III), a fund for investment in Sub-Saharan Africa.
EXEO’s Agri-Vie Fund II, a private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has concluded the subscription for a significant minority shareholding in PPHL.
A responsAbility-managed energy holding company has acquired a 26% interest in Renewable Energy Holdings (REH), a South African based developer, owner and operator of run-of-river hydropower projects in Southern Africa.
Amethis has sold its stake in the Dislog Group, allowing Mouncef Belkhayat founder and majority shareholder to regain a controlling equity stake in the company in provision of a new investment cycle.
Coöperatief Climate Fund Managers (CFM) has announced the final close of Climate Investor One’s Stichting Development Fund and Coöperatief Construction Equity Fund at a combined $850m.
Consonance Investment Managers, with participation from TechStars Ventures, FINCA Ventures, and others, has invested $1m in a Nigerian healthtech company MDaas Global.
The uMunthu fund managed by Goodwell Investments, via its West Africa partner Alitheia Capital, has acquired a share in MAX.ng (MAX), an app-based motorcycle hailing in West Africa.
Velocity Capital has raised €105m for the FinTech Ventures Fund dedicated to backing early stage fintech companies that advance how people, businesses, and financial institutions grow economic opportunity.
Naspers Foundry, a South Africa-focused start-up funding initiative, has announced its first deal, with a R30m investment in SweepSouth, an online cleaning services platform that connects clients with trusted, reliable domestic cleaners.
Amethis has announced the final close of its second Pan-African fund, Amethis Fund II, which collected €375m from more than 70 investors in Europe and Africa, exceeding its initial target of €300m.
Ethos Artificial Intelligence (AI) Fund and co-investors have invested R200m in recently launched digital bank TymeBank, which is majority owned by African Rainbow Capital (ARC).
EXEO Capital has announced the final close of their second food and agribusiness fund, Agri-Vie Fund II, at $146m, showing growth of nearly 50% on the size of the first fund.
Goodwell Investments has led the investment round with participation from Allan Gray, RGAx and angel investors in Inclusivity Solutions, an Africa-based technical service provider for digital insurance solutions.
