Advanced Finance and Investment Group (AFIG Funds), through AFIG Fund II, has completed an investment in NEM Insurance, by acquiring 29.9% of the company's shares from some existing shareholders.
Goodwell Investments has acquired an undisclosed stake in Copia, a promising e-commerce business that specialises in supplying products and services to currently underserved consumers in rural Kenya.
SunFunder - led consortium has closed a $9m receivables financing facility with Kampala-based off-grid solar company SolarNow.
The SEAF Morocco Growth Fund (SMGF), an investment fund that invests in high-growth, innovative companies based in Morocco, has made its second investment in eDukaty.
African Infrastructure Investment Managers (AIIM) has acquired through its African Infrastructure Investment Fund 3 (AIIF3) a minority stake in BBOXX’s operations in East Africa, as part of a $31m investment plan.
XSML, a fund manager active in Central & East Africa, has made a follow-on investment in Maison Galaxy, a retail chain based in Kinshasa, DRC.
Arise has received approval from the Central Bank of Mozambique to acquire a 29.5% stake in Moza Banco, a locally owned bank, through a subscription of new shares.
Africa-focused private equity firm, ECP, has acquired a majority stake in Artcaffé Coffee and Bakery (Artcaffé), a restaurant group operating in Kenya, for an undisclosed amount.
CDG Capital Private Equity, a private equity firm focused on growth investments for SMEs in Morocco, has acquired a stake in Trarem Afrique, a manufacturer and distributor of office furniture in Morocco.
AfricInvest and Catalyst Principal Partners, a pan-African and regional private equity firms, have invested in Prime Bank through AfricInvest Azure, a special purpose vehicle formed by AfricInvest and Catalyst Fund II.
The Carlyle Group has agreed to invest $40m in Wakanow, an online travel agency focused on West and East Africa, with principal operations in Nigeria.
SFO Group, an independent multi-family office specialized in global real estate investment, development and asset management, alongside HC Capital Properties, have invested in Cosmos Yopougon, a shopping centre in Côte d’Ivoire.
Convergence Partners, Nedbank and Sanari Capital have invested $3m in Snapt, a disruptive application delivery controller (ADC) company, in series A funding.
DOB Equity has invested in Ten Senses Africa, an organic and fair-trade certified macadamia producer, processing and trading company in Kenya.