Inside Equity Fund has committed to invest $2.75m in Alpha to finance the doubling of its waste collection and processing capacity in Zambia.
Inspired Evolution’s Evolution II Fund in partnership with the company’s management, has closed a buyout of Building Energy’s Africa and Middle East business to launch the newly branded Red Rocket.
Partech and Sawari Ventures have invested $4m in a Series A investment round in Egyptian fintech platform MoneyFellows as it works towards helping millions of new users reach their financial goals.
HAVAÍC, a Cape Town based venture capital investment firm, has invested in Mobiz, a South African mobile marketing platform.
ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARPF) has invested $3m in Sun Exhange, a technology and solar finance innovator across Africa, marking the close of its $4m Series-A funding round.
Futuregrowth Asset Management via its Futuregrowth Development Equity Fund (DEF) has invested in LifeCheq, a South African digitised holistic personal finance business that aims to make expert advice accessible to professionals and entrepreneurs who are currently not served well by the existing financial advice industry.
Mergence Investment Managers and Third Way Investment Partners have invested R225m each to refinance a major renewable energy plant in a remote area of South Africa.
Àrgentil Capital Partners has provided additional debt and equity investment to support its portfolio company, Tempohousing Nigeria (THN), which specialises in developing flexible and affordable residential and commercial spaces using modern prefabricated technology and cargotecture.
Tana Africa Capital, a Pan-African private equity firm, has invested through its second fund Tana Africa Capital II (TAC II) into Mabaret Al Asafra, a hospital operator in Alexandria, Egypt.
CDC Group has closed a co-investment with Novastar Ventures in mPharma, a tech-enabled healthcare company driving supply chain efficiencies for pharmaceutical products across Africa.
LionPride Investment Holdings, a Section 12J Venture Capital Company, via its LionPride Agility Fund has invested in BusyMed, a South African healthtech start-up.
Zoscales Partners, an investment firm, investing in private equity with impact in East Africa, has invested in Pioneer Diagnostics Center (PDC), a diagnostic imaging service provider in Ethiopia.
Inclusivity Solutions, a company that designs, builds, operates and innovates digital insurance solutions, has secured an additional $1.3m in its second tranche of its Series A round, bringing the total Series A round to $2.6m.
Pearl Capital Partners, which manages the Yield Uganda Investment Fund, has made a seventh investment of UGX 4.6bn (ca. $1.2m) in Naseco.