The Ethos Mid Market Fund I, a black-managed, mid-market focused fund in South Africa, has raised R675m ($47.39m) at first close, Africa Global Funds can reveal.
The Emerging Africa Infrastructure Fund (EAIF) has invested $25m in a new company set up in Sierra Leone by a private sector joint venture to build a 57MW, oil-fired, power station at Freetown.
African boutique investment and advisory firm HAVAIC, together with funding from UK-based investor Kevin Gaskell, have injected R6.5m into South African creative technology startup delvv.io.
Visionnaire Ventures-led investment consortium has invested $25m in a robotics company Zipline to deliver blood and life saving medical supplies in Rwanda.
Private equity investment in African infrastructure has been an emerging theme over the past decade, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
CDC Group, University Ventures and Savannah Fund have invested $12m in UNICAF, a global educational online organization.
iono.fm, a South African podcast and audio streaming services, has received $175k (R2.5m) in a funding round led by Clifftop Colony.
Flint Atlantic Capital Partners, a Nigerian healthcare impact investment firm, has invested in Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda.
Cauris Management, a private equity fund manager in Francophone West Africa, has sold its shares in Atlantic Business International (ABI) and Bridge Bank Group Côte d'Ivoire.
BHR Partners, a Chinese private equity firm, has agreed to acquire TF Holdings, a Bermuda holding company that owns an 80% interest in Tenke Fungurume Mining for $1.136bn in cash and contingent consideration of up to $51.4m.
The UNICEF Innovation Fund has made its first investment in Africa by acquiring an undisclosed stake in 9Needs, a blockchain startup in South Africa.
Cactus Capital, the investment arm of Cactus Advisors, has announced investments into seed and growth stage African tech ventures, Flutterwave and E-Factor.
Absa Bank, a wholly owned subsidiary of Barclays Africa Group, has announced that it will sell its 49% stake in RainFin to the company’s founders and management.
The Private Equity Women Investor Network (PEWIN), a global networking organization for senior women in private equity, has expanded to Nigeria, following the formal launch of PEWIN Africa earlier in the year, in South Africa.
