Britam Financial Holdings has approved an anchor investment in Tiserin Capital, Africa’s first south-south private equity fund that seeks to transform local industries by weaving partnerships between African companies and leading companies from Emerging Asia and Latin America.
Helios Investment Partners has acquired a 25% residual interest in Axxela Ltd (held through Glover Gas & Power B.V.) from Oando, Nigeria’s indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges.
Partech has led a Series A investment round into Kudi, a Nigerian digital payment and collection for the cash economy company.
Algebra Ventures, Egypt’s venture capital fund, and Ezdehar Management, an investment management firm focused on high-growth Egyptian corporates, have invested in Dsquares, the region’s leading loyalty solutions provider.
Viola Fintech, a $120m cross-stage venture fund, has led a Series A investment round of $12m for Rewire, an innovative fintech company which has developed an international banking platform for migrants in close partnership with leading banks globally.
Verod Capital Management (Verod) and Persistent Energy (Persistent) have invested $10m in Daystar Power Group, a West-African electricity company specialising in the generation of solar energy.
Enko Capital Managers (ECM), managers of the Enko Africa Private Equity Fund (EAPEF), has provided expansion capital to Software Technologies Ltd (STL), a software solutions provider and IT training company.
One Thousand & One Voices (1K1V), a private family capital fund backed exclusively by industry-leading families from around the globe, has invested in Pay At Holdings Proprietary (Pay@), a payments aggregator based in Stellenbosch, South Africa.
Africa Healthcare Fund / Asia Africa Investment & Consulting (AAIC), an Africa focused healthcare investment firm, and Polaris Partners, a global venture capital firm, have invested in Africa Healthcare Network in a Series A investment round.
The Emerging Africa Infrastructure Fund (EAIF) has signed a $27m loan to Kikagati Power Company Ltd (KPCL), which is building a 14MW run-of-the-river hydro electricity generating station at Kikagati on the Kagera River.
NBK Capital Partners has advised on the acquisition of 100% of King Integrated American School (KIAS), located in the fast-growing King Mariut area within Alexandria, Egypt.
Development Partners International has invested $35m in International Facilities Services (IFS), a facilities management specialist in Africa.
GreatPoint Ventures and Samsung NEXT have invested $12m in a Series A round in RapidDeploy, a South African provider of cloud-based software for public safety officials that reduces emergency response times and improve situational awareness.
CDG Capital Private Equity has invested in SCE Chemicals, a manufacturer of specialty chemicals, fertilizers and other chemical inputs for industrial clients in Morocco and abroad.