CAPE IV backs Accelerex with $20m
Africa Capital Alliance (ACA) via its Capital Alliance Private Equity IV (CAPE IV) fund, has agreed to invest $20m in Accelerex.
Africa Capital Alliance (ACA) via its Capital Alliance Private Equity IV (CAPE IV) fund, has agreed to invest $20m in Accelerex.
InfraCo Africa, EkoRent Oy and EkoRent Africa (subsidiary of EkoRent Oy) have signed a Shareholders Agreement, investing €1m to enable EkoRent Africa to scale up its NopeaRide electric mobility initiative in Nairobi.
African Infrastructure Investment Managers (AIIM) has acquired a minority equity stake in MetroFibre Networx, a South African open access fibre network operator, through the newly incorporated Digital Infrastructure Investment Holdings platform.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Mr. Green Africa (MGA), the Nairobi based recycler and recycled plastics supplier.
The Vumela Fund has provided a significant debt facility to Letsema Consulting and Advisory, a South African management consulting firm.
EXEO Capital (EXEO), together with Stellenbosch Graduate Institute (SGI) – a specialist provider of online higher education, have acquired Pearson Institute of Higher Education (PIHE).
East African energy impact fund KawiSafi Ventures has led a Series B investment round in Angaza, a technology provider enabling consumer access to essential products in emerging markets.
Climate Investor Two (CI2), managed by Climate Fund Managers (CFM), Kelp Blue and the Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, have partnered for the commercial development of the world’s first large- scale kelp farm.
Actis has agreed to acquire a controlling interest in Octotel, a fibre-to-the-home operator in South Africa for an enterprise value of ZAR2.3bn ($140m).
African Infrastructure Investment Managers (AIIM) through its IDEAS Managed Fund has invested in Phakwe Group to become the 90%-owner of Witkop Solar Park, a 30MW solar PV facility located in the Limpopo province, South Africa.
Kalon Venture Partners, IDF Capital and an unnamed investor, have invested an undisclosed amount in Carscan, a South African technology startup in the automotive industry.
TLG Capital via its Credit Opportunities Fund (COF) has acquired a 49% stake in Opportunity Bank Uganda (OBU), a tier 1 commercial bank with 23 branches and 22 ATM points across Uganda.
Greenlight Planet, the largest provider of solar-powered home energy products in Sub-Saharan Africa and South Asia, has secured $90m in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio.
Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) has loaned $40m over 10 years in a debt package of $100m raised by the West Indian Ocean Cable Company (WIOCC).