SPE Capital Partners has acquired Saham Pharma, an antibiotics manufacturer and major hospital provider in Morocco, alongside Proparco as a minority investor.
Kibo Capital Partners has acquired a majority stake in a tertiary education group, Transcom S.A.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement with Global Logistics Services (GLS Group), committing $7.5m to the development of the Liberia Inland Storage Facility (LISF) project.
Golden Square Equity Partners (GSEP), a privately held UK Company, has acquired a 99.43% interest in Casa Mining from Arc Minerals for up to $50m.
Ascent Rift Valley Fund (ARVF), an SME Private Equity Fund investor, has recently invested in Metro Plastics Kenya, a manufacturer of PVC and PPR water pipes, electrical conduits, waste pipes, fittings and gutters.
Metier, an independently owned private equity fund manager, has signed a Joint Development Agreement with Tembo Power for its Kaptis project, a 14.7 MW run of river hydropower project in Kenya, together with its partner WK Construction, a leading contractor in the field of hydropower in sub-Saharan Africa.
Blue Haven Initiative, an innovative family office dedicated to putting wealth to work for competitive returns and positive social and environmental change, has led a Series A funding of $3.6m in Field Intelligence.
ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) has committed up to $16.5m to fund CrossBoundary Energy (CBE) to develop and finance new Commercial & Industrial (C&I) solar assets.
AfricInvest Financial Inclusion Vehicle (FIVE) has acquired a minority shareholding in I&M Bank (Rwanda) through AfricInvest Evergreen Investments, a special purpose vehicle formed by AfricInvest.
Prime Ventures, Partech Africa and management have acquired TerraPay for an undisclosed sum.
Orange Digital Ventures Africa (ODV) has led a $1.5m seed investment round in Youverify. a start-up, founded in Lagos, Nigeria which automates identity and background verification processes, primarily serving financial and telecommunication service providers.
Actis has acquired a controlling stake in Nigeria’s independent, co-location business, Rack Centre.
Goldman Sachs, Odey Asset Management, Leapfrog Investments and existing investors have provided $55m in debt and equity funding to JUMO, a technology company building next-generation financial services for emerging market entrepreneurs.
Verod Capital Management alongside Tangerine Life Insurance have acquired a majority stake in ARM Life Insurance.