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.
RMI Investment Managers and Royal Investment Managers (RIM) will acquire a combined stake of up to 30% in Ethos Private Equity, AGF has learned.
NBK Capital Partners has successfully closed its second mezzanine fund, NBK Capital Partners Mezzanine Fund II, with $160m in capital commitments, driven by strong demand from institutional investors and family offices.
The Abraaj Group and the International Federation of Red Cross and Red Crescent Societies (IFRC), have signed a Memorandum of Understanding to provide education, primary care interventions and more complex treatment for NCDs, communicable diseases and mother/child healthcare.
The South African Minister of Economic Development has published official government notices confirming changes to the merger notifiability thresholds and the merger filing fees payable to the South African Competition Commission for large and intermediate merger notifications.
Actis has strengthened presence in Francophone Africa with real estate developments in in Cameroon and Ivory Coast.
Teranga Capital, an impact investment company dedicated to financing and supporting small and medium-sized entreprises in Senegal, has invested CFA185m ($336.7k) in Cogelec Energy, a provider of power services.
