African Infrastructure Investment Managers (AIIM) has acquired, through its IDEAS Managed Fund (IDEAS), majority stakes in three new solar power plants in South Africa.
Naspers, through its early-stage tech investment vehicle Naspers Foundry, has made a R40m ($2.5m) investment in Nile, a South African agritech company that connects farmers to buyers of fresh produce.
DOB Equity, Launch Africa and Founders Factory Africa have invested in Zuri Health, the digital healthcare company which provides affordable healthcare via mobile.
The Private Infrastructure Development Group’s (PIDG) Emerging Africa Infrastructure Fund (EAIF) has provided a $10.6m loan over 17 years to Serengeti Energy, the developer of the Nyamwamba ll 7.8MW run-of-the-river hydroelectricity plant in the Kasese District of Western Uganda.
TA Associates, Mubadala Investment Company and The Carlyle Group have taken a minority stake in Apex Group, a financial services provider.
Phatisa, together with a consortium of leading development finance institutions, has acquired a significant minority stake in South African-based citrus and fresh-produce exporter, Lona Group, for an undisclosed sum.
Spear Capital has announced additional backing for Arkay Plastics, allowing this portfolio company to expand into new territories through the company’s Malawian operations.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has invested in DT One, a global B2B digital micropayments platform powering cross-border transfers of mobile top-ups, data bundles, gaming pins and gift cards.
LeapFrog Investments and Tana Africa Capital have made a strategic investment in Interswitch, one of Africa’s leading technology-driven companies focused on the digitisation of payments.
African Infrastructure Investment Managers (AIIM) has completed a follow-on acquisition in MetroFibre Networx (MetroFibre), following approval from the Independent Communications Authority of South Africa.
EXEO Capital has acquired a majority stake in a chemical synthesis company, Chemical Process Technologies (CPT).
Kalon Venture Partners, Hlayisani Capital, Tritech Global and 4Decades Capital have invested R16.3m in a seed extension round in GoMetro, a logistics-tech platform.
Samurai Incubate and Consonance Investment have co-led a $1m pre-seed funding round in Norebase, a trade technology company building a single platform for businesses to start, scale and operate in any African country.
BluePeak Private Capital has agreed to invest up to $15m in Africure, a pan-African manufacturer and distributor of quality pharmaceutical goods.