The Abraaj Group, an investor operating in growth markets, has agrees to purchase, through its Funds, a significant minority stake in Société Nationale des Télécommunications (Tunisie Telecom), Tunisia’s largest telecom operator.
LeapFrog Investments, a dedicated equity investor in emerging markets, supporting fast-growth firms that deliver social impact alongside commercial returns, has led a Series C investment round in digital money transfer service WorldRemit.
Àrgentil Capital Partners has acquired a 49% stake in Chocolate City Lounge, a Nigerian based restaurant and lounge company.
Apis Growth Fund I has made a significant investment into Greenlight Planet Incorporated, a provider of off-grid solar products and financing to underserved rural populations across Africa and Asia.
AfricInvest, a pan-African mid-cap-focused private equity firm, has announced the first closing of its North African Fund (MPEF IV).
Investec Asset Management, through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS).
HAVAÍC, the ASISA Enterprise Development Fund, and Growth Grid Venture Capital Partners, have invested R4.5m in RMed Online, South Africa’s largest online healthcare marketplace.
Metier and Spanish project developer AMDA Energia have sold their interests in AE AMD to Old Mutual’s African Infrastructure Investment Managers (AIIM), through its IDEAS fund, and Katiso Renewable Energy.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North African and Sub-Saharan countries, has announced the first closing of its third capital growth fund, Mediterrania Capital III LP, at €103m.
The Emerging Africa Infrastructure Fund (EAIF) has announced the financing for a large-scale water treatment facility in Rwanda.
Phatisa Food Fund 2 (PFF2) has received $10m from the African Development Bank Group to boost agriculture and nutrition across Africa.
Investec Asset Management Private Equity has divested its equity holding in Ashwah Holdings, parent company of Daraju Industries, by selling its significant minority stake back to the company.
XSML, the fund manager active in Central & East Africa, has announced its fifth investment in Uganda in Ecopharm Ltd.
Optimum Petroleum Development Ltd, a Nigerian based exploration, development and production company, has signed a financing term sheet of $850m with Milost Global.
