Meridiam and partners, ENGIE and FONSIS, have achieved final close for two solar photovoltaic projects, Kahone Solaire SA (35MW) and Kael Solaire SA (25MWp), located in the Diourbel region of Senegal.
XSML has announced an investment, through its African Rivers Fund, in Ice Industries (ICE), a producer of flake ice, which is used mainly to keep fresh produce cold and is an essential element for the fishing sector in Uganda.
Luxembourg-based InsuResilience Investment Fund has agreed to acquire a 39.25% stake in Royal Exchange General Insurance Company, one of the largest non-life insurance companies in Nigeria.
IDG Capital, Sequoia China, Source Code Capital, Meituan-Dianping, GSR Ventures and Opera have invested $50m in OPay, a provider of a rapidly growing mobile payment service and consumer platform.
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.
