Vantage Capital, Africa’s largest mezzanine fund manager, has provided $23m of mezzanine debt funding to PickAlbatros Hotels, a hotel owner and operator in Egypt.
Helios Fairfax Partners (HFP) has led the formation investment round in a newly formed entity called NBA Africa, including the Basketball Africa League (BAL) – a partnership between the NBA and the International Basketball Federation (FIBA) and the NBA’s first collaboration to operate a league outside of North America.
Kasada Capital Management has acquired the 414-key Safari Hotels and Conference Centre in Windhoek, Namibia.
The Vumela Fund, established by FNB Business and Edge Growth, has invested an undisclosed amount in Rand Pharmaceutical Distributors (Rand Pharm), a pharmaceutical distributor in South Africa.
African Infrastructure Investment Managers (AIIM), on behalf of the IDEAS Fund, and Reatile Group have agreed to acquire a 30% interest in ROMPCO (the Republic of Mozambique Pipeline Investments Company) from Sasol South Africa.
Accion Venture Lab has led a $1.8m seed investment round in Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans.
South African investment firms Kalon Venture Partners and Caleo Private Equity have announced a $2.5m Series A co-investment into iXperience (iX), an educational-tech company that partners with high schools, universities and corporates to provide progressive education programs and services that equip students with industry-focused skills.
Mergence Unlisted Investment Managers (Namibia) has increased its shareholding in the two Ejuva renewable energy projects in Gobabis from 17% to a majority stake of 66% having acquired the 49% previously held by co-developer and initial part-financier, CIGenCo, a subsidiary of South Africa-listed Consolidated Infrastructure Group (CIG).
The Vumela Fund, established by FNB Business and Edge Growth, have invested in Kombo King, a South African kitchen equipment supplier focusing on the fried food niche market.
Newfund and ResiliAnce have led a Seed investment round of $1.2m in OKO, an Insurtech start-up that provides inclusive agricultural insurance to secure farmers’ income across Africa.
Partech Africa, a member of the Partech Group, a global technology venture capital fund, and Enza Capital have invested in the $3.6m extension round in Tugende, a technology enabled MSME lender in East Africa.
South African venture capital firm Kalon Venture Partners has announced a follow-on investment a cyber-security email protection and compliance business, Sendmarc.
HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors have invested an undisclosed amount in Kenyan agency banking startup Tanda.
Mastercard, a global technology company in the payments industry, has agreed to invest $100m in Airtel Mobile Commerce BV, a wholly owned subsidiary of Airtel Africa.
