Adjuvant Capital, a health-focused investment firm backed by IFC and the Bill & Melinda Gates Foundation, have led a Series A round of $15m in 54gene, an African genomics research, services, and development company.
Phatisa Food Fund 2 (PFF 2) and a group of co-investors – Norfund, Mbuyu Capital and DEG – have acquired integrated agricultural solutions provider Farming and Engineering Services (FES).
A.P. Moller Capital has completed its first investment in Kenya with the acquisition of the Nairobi based thermal power plant Iberafrica.
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.
