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.
Actis and Westmont Hospitality Group have acquired Sheraton Casablanca, the largest internationally branded hotel in Casablanca, Morocco.
Amethis, alongside its partners DEG, MCB Equity Fund and IFC, a member of the World Bank Group, have acquired a minority equity stake in the Naivas Group.
GreenTec has invested in Ecodudu, a Kenya-based waste-to-value company producing high-quality insect-based protein for animal feed and organic fertilizers from recycled organic matter.
