Chimera Investment has invested $50m through a secondary purchase of shares from a subsidiary of Airtel Africa in Airtel Mobile Commerce (AMC).
4DX Ventures and Flutterwave have invested $2.4m seed capital in CinetPay, a digital finance platform that enables merchants in Francophone Africa.
The Emerging Africa Infrastructure Fund (EAIF) alongside the African Development Bank (AfDB), and Proparco have acted as senior lenders to the 34MW Djermaya Solar project in Chad, committing €18m, €9.3m and €9.3m of senior debt to the project respectively.
Adenia Partners, a private equity firm investing in Africa, has partnered with Proparco, the private sector financing arm of Agence Française de Développement Group (AFD Group), to buy Overseas Catering Services (OCS), a leading corporate catering and related services provider in Africa and the Middle East.
MultiChoice Group (MCG), KLT Holdings and Buffet Investments have led a R62m Series A funding round into AURA, an South African security and medical response marketplace.
Edge Growth, through the Engen Convoy Fund, an Enterprise and Supplier Development Fund to promote broad-based black economic empowerment (B-BBEE), has invested in DKN Transport, a level 1 B-BBEE contributor with a 30% black female shareholding.
Fundi, an education finance and education fund management solution specialist, has acquired EduOne, a South African education technology company.
Amethis, through its newly launched fund, Amethis MENA Fund II (AMF2), has completed its second transaction, acquiring a minority stake in Tarjama.
EFG Hermes Holding has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector.
Aruwa Capital Management, an early-stage growth equity and gender lens fund, has invested in Pngme, a Nigerian financial technology company.
Nurture Foods, EXEO Capital’s new food sector investment vehicle, has recently made its first investment in the Fairview Cheese Company, a South African cheese producer.
AfricInvest FIVE has co-led a $100m Series C financing round with existing investors Goodwell Investments and LUN Partners Group in MFS Africa, Africa’s largest digital payments network.
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier, from South African healthcare group Ascendis Health.
Vostok New Ventures (VNV) and Endure Capital have co-led a $26m Series A investment round in Breadfast, Egypt’s grocery delivery platform.
