General Atlantic, a global growth equity investor, has led a $40m Series B funding round in Reliance Health, an emerging markets-focused digital healthcare provider.
Kalon Venture Partners, Launch Africa and the IDF, have made a follow-on investment of over $1m in Carscan, an AI augmented reality app.
Fund for Export Development in Africa (FEDA), a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), has invested in Ecow-Gas, a liquefied natural gas (LNG) distribution infrastructure platform in the West Africa region.
NBK Capital Partners Mezzanine Fund II has closed a $10m financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech Moove.
DOB Equity together with Elea Foundation and A to Z Impact have invested in Kwanza Tukule, a Nairobi-based last-mile distribution business that supplies informal food vendors with staple foods to cook meals for their customers.
M&G, an international savings and investments business, has agreed to acquire a majority stake in responsAbility Investments, in impact investing firm focused on private debt and private equity across emerging markets.
Helios Investment Partners has secured an ESG-linked capital call facility for Helios Investors IV Fund.
Adiwale Partners via its Adiwale Fund I has acquired a minorty stake in IDC, a drilling services company in Africa.
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution solution to serve the rapidly growing 750 million middle and low-income African consumer market.
Ethos Mezzanine Partners and BluePeak Private Capital Fund have co-invested $31.5m in Grit Real Estate Income Group (Grit), a Pan–African real estate business headquartered in Mauritius.
TLcom Capital has led a $10m Series A investment round in SeamlessHR, a human resources (HR) and payroll technology company in Africa.
Phatisa, together with management, has acquired 100% of South African-based biotechnology company Deltamune from HL Hall & Sons Investments, for an undisclosed sum.
Aruwa Capital Management, an early-stage growth equity and gender lens fund, has invested in CrowdForce, a financial services distribution platform facilitating delivery of banking services to last-mile customers in rural areas, serving the underserved and unbanked population in Nigeria.
The Emerging Africa Infrastructure Fund (EAIF) will act as a sole lender and provide $19m to Central Electrica de Tetereane SA (CET) for the construction of the Cuamba plant.