Avenir and Tiger Global lead $170m Series C for Flutterwave
Avenir Growth Capital and Tiger Global Management have led a $170m Series C for Flutterwave, a digital payments platform for African businesses.
Avenir Growth Capital and Tiger Global Management have led a $170m Series C for Flutterwave, a digital payments platform for African businesses.
The Catalyst Fund Inclusive Digital Commerce accelerator, managed by BFA Global, in partnership with the Mastercard Foundation COVID-19 Recovery and Resilience Program and the Meltwater Entrepreneurial School of Technology (MEST), have jointly invested in Boost Ghana and KudiGo.
ARISE Industrial Services (ARISE IS), a pan-African infrastructure developer and operator, has acquired 35% stake in Aera Group, a trader of environmental certificates in Africa, based on a valuation of €28.5m.
Old Mutual Investment Group (Namibia) via its infrastructure investment fund has acquired a majority stake in a 5MW solar PV (photovoltaic) plant at Rosh Pinah in the Karas Region of Namibia.
Convergence Partners, a tech investor in Africa, has entered into an agreement with Inseego Corp. to acquire 100% of Ctrack’s operations in Africa and the Middle East.
The Vumela Fund, established by FNB Business and Edge Growth, has invested in Inoxico, a South African tech company that uses trade credit analytics to help companies grow with their business customers.
Luxembourg Microfinance and Development Fund (LMDF) advised by ADA has invested an undisclosed amount in Yehu Microfinance, a Kenyan microfinance institution (MFI).
The Australian venture capital firm TEN13 has invested an undisclosed amount of pre-seed funding in ImaliPay, an African-based fintech start-up.
SunFunder through its Solar Energy Transformation Fund, has acted as a lead arranger in a $11m syndicated debt facility to SunCulture, a solar irrigation company headquartered in Nairobi, Kenya.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has subscribed to the Acorn Holdings Real Estate Investment Trust (REIT) committing to support the delivery of affordable student accommodation in Nairobi.
Apis Partners via its Apis Growth Fund II and JG Summit Holdings, one of the largest and renowned conglomerates in the Philippines owned by the Gokongwei family, have invested R1.6bn in South Africa’s TymeBank.
Sanlam Private Equity (SPE) has acquired a majority stake in the Cavalier Group of Companies, a supplier of premium red meat products and the largest employer in the Cullinan region of Gauteng, South Africa for an undisclosed amount.
Metier, through its second Sustainable Capital Fund, has made a substantial investment into Energy Vision, to grow the provision of reliable, clean-energy, cost-effective and environmentally friendly solutions to powering telecom equipment for mobile network operators and telecom tower companies.
The Emerging Africa Infrastructure Fund (EAIF) has committed to buy up to $50m of a bond issue by Liquid Telecommunications, that is being launched on February 22, 2020.