Sanlam Investments, South Africa's largest black-owned asset manager, is looking to raise an additional R35bn for its range of impact funds.
Transformation Investment Portfolio (TIP) One has partnered with SDG Global Group to set up funds for investing in Africa, and to raise funds from international investors for impact projects in Africa.
Ascent has announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at more than $100m, significantly exceeding its initial target of $80m.
African Infrastructure Investment Managers (AIIM), on behalf of the IDEAS Fund, and Reatile Group have agreed to acquire a 30% interest in ROMPCO (the Republic of Mozambique Pipeline Investments Company) from Sasol South Africa.
Starsight Energy, a technology-enabled African Commercial & Industrial (C&I) energy-as-a-service provider, has acquired a 50% stake in the East African operations of Premier Solar Group, a C&I solar company with a focus on Sub-Saharan Africa and South Asia.
Accion Venture Lab has led a $1.8m seed investment round in Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans.
South African investment firms Kalon Venture Partners and Caleo Private Equity have announced a $2.5m Series A co-investment into iXperience (iX), an educational-tech company that partners with high schools, universities and corporates to provide progressive education programs and services that equip students with industry-focused skills.
Mergence Unlisted Investment Managers (Namibia) has increased its shareholding in the two Ejuva renewable energy projects in Gobabis from 17% to a majority stake of 66% having acquired the 49% previously held by co-developer and initial part-financier, CIGenCo, a subsidiary of South Africa-listed Consolidated Infrastructure Group (CIG).
The Vumela Fund, established by FNB Business and Edge Growth, have invested in Kombo King, a South African kitchen equipment supplier focusing on the fried food niche market.
Uhuru Investment Partners, a middle-market private equity firm, has announced the first close of Uhuru Growth Fund I (UGF) at $113m.
Metier has sold its 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape to Revego Africa Energy for R204m.
Adenia, a private markets investment firm in Africa, has finalized the sale of its 100% equity stake in Ademat to SPE Capital, a private equity firm focused on Africa and the Middle East.
Misr Capital, the investment arm of Banque Misr, and Elevate Private Equity have launched a $380m healthcare investment platform, Nile Misr Scan & Labs.
Newfund and ResiliAnce have led a Seed investment round of $1.2m in OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa.