The uMunthu fund managed by Goodwell Investments, via its West Africa partner Alitheia Capital, has acquired a share in MAX.ng (MAX), an app-based motorcycle hailing in West Africa.
Naspers Foundry, a South Africa-focused start-up funding initiative, has announced its first deal, with a R30m investment in SweepSouth, an online cleaning services platform that connects clients with trusted, reliable domestic cleaners.
Ethos Artificial Intelligence (AI) Fund and co-investors have invested R200m in recently launched digital bank TymeBank, which is majority owned by African Rainbow Capital (ARC).
Goodwell Investments has led the investment round with participation from Allan Gray, RGAx and angel investors in Inclusivity Solutions, an Africa-based technical service provider for digital insurance solutions.
Emerging Capital Partners (ECP) has agreed to acquire a substantial stake in Mauritius-based Inter Africa Transport Forex (IATF), which operates a financial technology platform.
Old Mutual Private Equity (OMPE), one of South Africa's largest and most established private equity managers, has acquired a majority stake in Footgear, a South African retailer of branded footwear.
Mergence Unlisted Investment Managers (Namibia) has bought a majority stake in the 6MWp Momentous Solar One solar energy plant, located near Keetmanshoop in Namibia, from Canadian Solar, one of the world's largest solar power companies.
TCV, Accel and Leapfrog Investments have agreed to invest $175m in a Series D round in a mobile payments company WorldRemit.
Sahel Capital, fund Managers for the Fund for Agricultural Finance in Nigeria (FAFIN), has agreed to invest in Ladgroup, an indigenous agricultural company that engages in the processing and export of shea butter in Nigeria.
Helios Investment Partners and the Egyptian-American Enterprise Fund (EAEF) through their investment manager Lorax Capital Partners (LCP) have acquired a 96.7% stake of Misr Hytech Seed International, a breeder and producer of proprietary agricultural seeds in Egypt, and one of the Middle East and Africa’s largest independent seed companies.
Inside Equity Fund has committed to invest an initial $3.75m in Technopet as part of the company’s $10m+ investment plan over the next 2-3 years to expand its PET preforms production capacity.
The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG), has lent the Guinea Alumina Corporation (GAC) $40m over 14 years, as part of a $750m debt package being led by the International Finance Corporation (IFC).
Apis Growth Fund I, a private equity fund managed by Apis Partners, and Crossfin Technology Holdings, a fintech investment company, have acquired Sureswipe, a South African card payment acceptance company.
DOB Equity, a Dutch family-backed impact investor in East Africa, has invested in Zanrec to expand the company’s growth and to widen its range of commercial solutions in waste collection, recycling and awareness in Zanzibar.