Accel Partners, an early and growth-stage venture capital firm, powering a global community of entrepreneurs, has led a $1.7m seed financing round for Instabug, Egypt-based provider of software bug reporting tools.
InVenfin, a venture capital arm of Remgro Group, has acquired a stake in De Villiers Artisan Chocolate (DV Chocolate), a South African bean-to-bar artisan chocolate maker.
South African private equity firm Ethos has announced a divestment from Brandcorp Holdings, a distributor of industrial and consumer products, to the Bidvest Group.
Pecora Capital, a US based global macro investment management firm, has announced its intentions to raise $2bn over the next 18 months for Nigerian infrastructure projects.
Despite the challenges that currently face South Africa, the private equity and venture capital industry remains confident in the depth and breadth of skill in the local investment industry, according to Erika van der Merwe, CEO of the Southern African Venture Capital and Private Equity Association (SAVCA).
NBK Capital Partners has held a first close for NBK Capital Partners Mezzanine Fund II at $110m, driven by strong demand from institutional investors and family offices.
Helios Investment Partners has announced the acquisition of a 60% shareholding in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company owned 100% by HeIios Investors III, a fund advised by Helios Investment Partners.
Hotel markets in Cairo and Cape Town have experienced strong performances over the past five years, according to figures from data and analytics specialist STR. Despite political turmoil, Cairo is starting to recover and the compound of annual growth rate (CAGR) for revenue per available room (RevPAR) was up 14.9% for the 2011 to 2015 time period.
South African venture capital firm 4Di Capital has announced the first closing of R256m ($16.96m) in initial commitments for a new technology venture capital fund.
Algebra Ventures, a Egyptian venture capital firm, has raised $40m of its $50m target for the Algebra Capital, a tech-focused venture capital fund.
Mergence Investment Managers, an independent majority black-owned boutique asset management company, has made its first investment into the South African social housing sector.
Mediterrania Capital Partners has announced the acquisition through its second fund, Mediterrania Capital II, of a stake in MedTech Group, Morocco’s IT business system integrator incorporating solutions from corporations such as Oracle, Microsoft, NCR, Alcatel-Lucent, Cisco, EMC and IBM.
Convergence Partners, an investment management firm focused on the telecommunications, media and technology sector in Africa, has invested $1m in a South African technology start-up, Snapt.
Actis has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target.
