Exits to private equity and other financial buyers continued to increase in 2017, to 37%, and now represent the most common exit route, as evidenced by the sixth annual PE exit study, presented by EY and the African Private Equity and Venture Capital Association (AVCA).
Knife Capital has invested in Cape Town-based machine learning startup DataProphet, which develops and implements product development solutions to a wide range of industries.
Vantage Capital has provided $8m of funding to Rosslyn Riviera Shopping Mall, a convenient neighbourhood shopping mall in the upmarket suburb of Rosslyn/Runda in Nairobi that officially opened for trading in 2017.
Quantum Global has been subjected to a barrage of baseless and damaging allegations in the press in Mauritius while it prepares to contest actions taken by the Financial Intelligence Unit (FIU) in the Mauritius Court.
DOB Equity, a Dutch family-backed impact investor, has recently completed its first investment in Rwanda, by acquiring an equity stake in Sarura Commodities, a grain trading company.
Edge Growth’s Vumela Fund with participation from Omidyar Network, the Brozin family’s Forever Young Capital and Catapult Trust, have invested in Giraffe, a South African automated high-volume recruitment start-up.
LUN Partners Group, a China-based global investment management group, alongside Goodwell Investments and several angel investors have invested $4.5m in MFS Africa, a Pan-African fintech company, in a Series B funding round.
Agri-Vie and Norfund have announced a $17m co-investment into the Marginpar Flower Group Holdings, an East African flower sales business.
Grit, the largest and only pan-African focused real estate income group, has announced changes to its board and further expansion of its portfolio in Mozambique and Ghana.
Africa-focused venture capital firm TLcom Capital, with participation from other investors, has invested $5m in Terragon, Africa’s mobile marketing company.
Milost Global in partnership with Japaul Oil & Maritime Services, Resort Savings and Loans, Femab Properties and Primewaterview Holdings has offered a combination of debt and equity facility to the Nigerian market.
Trinity Ventures has led a $70m Series B investment round, which combines debt and equity, in Branch International, a mobile ‘branchless bank’ for Emerging Markets.
Arise Fund has agreed to buy a minority stake in Moza Banco, Kuhanha, which administers the pension fund of Mozambique’s central bank.
Takura Capital, a Zimbabwean private equity firm, has recently invested an undisclosed sum in Mozambican vegetable producer Companhia do Vanduzi.
