Norsad Capital has provided Central Africa Building Society (CABS) Zimbabwe, a member of the Old Mutual Group, a $10m medium-term credit facility to support the bank’s growth strategy.
adumo, an independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions.
Biometrics tech firm iiDENTIFii has raised $15m in a growth capital round led by African investment company Arise, whose investors include Rabobank Partnerships, Norfund, NorFinance and FMO.
CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital, have led a $31m Series B investment round in Money Fellows, an Egyptian fintech platform.
Sanabil Investments, a wholly owned company by Public Investment Fund, has led a $40m Series A investment round in Classera, a global EdTech e-learning company focused on emerging markets.
DOB Equity, Seedstars International, Norrsken Foundation, and Bathurst Capital, have invested in a pre-seed funding round in Eden Care, a licensed Rwanda-based digital insurer.
MaxAB, a food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers across Egypt and Morocco, has closed a $40m pre-series B equity round to fuel its expansion across the MENAP region.
A15, Bolt by QED, Nclude, and Outliers have invested $3.6m in FlapKap, a tech-enabled revenue-based financing platform in the MENA region.
African Infrastructure Investment Managers (AIIM), Bauta Logistics and Mokobela Shakati Consortium have established a cold chain logistics platform, Commercial Cold Holdings (CCH) with the initial acquisition of CCS Logistics from Oceana Group.
Norsad Capital, an impact investor offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has extended a ZAR100m stretched debt facility to RH Bophelo, for the expansion of its hospitals and clinics across South Africa.
Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund, has led a $11m investment round in SweepSouth, an online home services platform with presence across Africa.
African Infrastructure Investment Managers (AIIM) via its IDEAS Fund has invested an additional $73m into the newly merged Starsight Energy and SolarAfrica, signalling a significant vote of confidence from Africa’s largest infrastructure-focused private equity manager.
TLcom and Partech have co-led a $20m series A equity round in Vendease, a Y Combinator backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations.
AfricInvest, via the Cathay Africinvest Innovation Fund, and Novastar Ventures, have led a $10m Series A equity in Turaco, an insurtech company driving mass market insurance adoption.
