QGIAM, the private equity arm of Africa focused investment firm Quantum Global, has sold its interest in Savannah Cement, a Kenyan cement producer, following the receipt of regulatory approvals.
Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, has acquired a 50% interest in Faircape Life Right Holdings for an undisclosed sum.
Andela, a technology start-up to train coders in the African continent, has raised $40m in a Series C round led by the pan-African venture firm CRE Venture Capital.
KawiSafi Ventures, Omidyar Network, Fenway Summer Ventures and a number of American fintech angel investors have invested $6.5m in Lendable in a Series A investment round.
CI Capital Holding has reached an agreement with Gemini Egypt Holding for Financial Investments, an investment vehicle owned by Naguib Sawiris, to acquire Gemini’s majority stake in Reefy.
A responsAbility Investments-managed private equity company has invested in Fawry, a mobile payments platform in Egypt.
The Namibian Mid-Cap Fund (NMCF) has acquired 100% of the shareholding in Swanib Cables from Powertech International Holdings, part of the JSE listed Altron Group.
RMB Corvest, RMB Ventures and Ethos Mid Market Fund have, alongside management, acquired 100% of Kevro, Africa’s largest value-add supplier of corporate and promotional apparel, and other brandable products.
The Atlantic Coast Regional Fund (ACRF), managed by Advanced Finance and Investment Group (AFIG Funds), has made a follow-on investment in Primrose Properties Ghana (PPG).
AfricInvest Fund III has finalized an agreement to invest in Britam Holdings, one of the leading financial services groups in East Africa.
Arab Angel Fund, a strategic venture capital firm, has closed its oversubscribed debut fund at its $25m target, raising an additional $15m.
Advanced Finance and Investment Group (AFIG Funds) through the Atlantic Coast Regional Fund (ACRF), has completed an investment in FSDH Merchant Bank, a financial services group in Nigeria.
Amethis healthcare platform Novamed has acquired Polyclinique Internationale de Ouagadougou (PCIO) in Burkina Faso, one of the largest private hospital in the country.
AFIG Fund II, a private equity fund managed by Advanced Finance & Investment Group (AFIG Funds), has invested in First Atlantic Bank, a Ghanaian financial institution, subject to regulatory approval.
