Accion Venture Lab, Newid Capital and several angel investors have participated in a $1.25m seed funding round in Lidya, a fintech platform based in Nigeria.
The Kpone Independent Power Plant (KIPP), which is being developed by Cenpower Generation Company, is expected to be commissioned before the end of 2017, according to African Infrastructure Investment Managers (AIIM).
Ascent Rift Valley Fund has invested an undisclosed amount in Kisumu Concrete Products (KCP), a leading construction materials manufacturer in Kenya.
Catalyst Principal Partners has completed a first close of its Catalyst Fund II at $103m, being in excess of the target fund size and over 80% of the final achieved hard-cap for its first fund, Catalyst Fund I.
8 Miles, a pan-African private equity firm, has invested in Blue Skies, a UK-incorporated business with operations in several African countries that is the leader in the production of fresh-cut tropical fruit for European supermarkets.
Assala Energy, a portfolio company owned by global alternative asset manager The Carlyle Group, has acquired Shell’s onshore assets in Gabon for $587m.
Mediterrania Capital Partners, a regional private equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, has become a signatory of the United Nations Principles for Responsible Investment (UNPRI).
Pargo, South Africa’s high tech logistics and fulfillment company, has secured a new equity investment of over R15m in a funding round led by SAAD Investment Holdings.
Phatisa Group has announced successor fund to the firm’s $246m African Agriculture Fund (AAF) and the firm’s third fund under management.
Mara Delta, a real estate investment fund, has acquired a 44.42% stake in Beachcomber Hospitality Investments (BHI), a subsidiary of the New Mauritius Hotels Group (NMH).
South Africa’s venture capital ecosystem is evolving, with more fund managers entering the industry and growing investor interest in the asset class, according to Tanya van Lill, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
Kleoss Capital, a South African private equity firm, has bought an undisclosed stake in one of the largest debt counselling firms in South Africa, Debt Rescue.
The Accion Frontier Inclusion Fund, the world’s first global fintech fund for the underserved consumers and businesses in emerging markets, has reached final closing at $141m.
Sahel Capital and CardinalStone Capital Advisers (CCA), a Nigerian private equity fund manager, have agreed to invest in Crest Agro Products, an integrated cassava processor based in Kogi State, Nigeria.
