Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra.
Adenia Partners, a private equity fund manager focused on mid-cap buyouts and growth capital investments in Sub-Saharan Africa, has reached the final closing of Adenia Capital (IV).
Victus Global Capital (VGC) is in the process of building its initial $50m fund with the stated objective of assisting women-led and/or women-focused agri-businesses in Africa, Africa Global Funds has learned.
Caleo Capital, an international wealth and asset management business, has recently invested in and partnered with Secha Capital, a patient capital impact investment holding company that invests in established FMCG and agribusiness SMES in South Africa.
The African Rivers Fund (ARF), managed by XSML, has made its first investment in Uganda in KARE Distribution (KARE), a wholesaler and distributor of essential consumer goods.
Teranga Capital, an impact fund dedicated to finance and support Senegalese small and medium businesses, has realized its first investment, adding OuiCarry to its portfolio.
Qalaa Holdings has announced that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have completed the sale of 100% of ASEC Ciment Algérie (AACC) to an Algerian investor at a deal value equivalent to $60m.
Neptune Energy Group has proposed to acquire a majority shareholding in ENGIE E&P International (EPI) for $3.9bn from France’s ENGIE Group.
Convergence Partners, Google, IFC and Mitsui & Co. have agreed to invest up to $100m in CSquared, a broadband infrastructure company focused on building wholesale metro fibre optic networks and enabling internet access in Africa.
The Sweden-listed investment firm Vostok New Ventures has invested $1.5m in CarZar.co.za, an online car buying service for the secondhand auto-trade industry in South Africa.
Synergy Private Equity Fund (SPEF) has acquired an undisclosed stake in Dimension Data Nigeria and Dimension Data Ghana via the acquisition of the Nigerian and Ghanaian subsidiaries of Dimension Data.
Accion Frontier Inclusion Fund, managed by Quona Capital, has invested an undisclosed amount in AllLife, a South Africa-based life insurance company.
Frontier Energy II, an investment fund focused on developing, constructing and operating renewable energy projects in Sub-Saharan Africa, has achieved its first closing at $116m.
XSML, a private equity fund manager active in Central & East Africa, has announced the final close of its African Rivers Fund at $50m.
