The Clean Technology Fund (CTF), managed by the Climate Investment Funds (CIF), has extended a $10m concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
East Africa Fruits, a Tanzanian company addressing food distribution challenges to improve efficiencies in the farm-to-market sector, has closed Series A equity funding totaling $2.05m.
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Moringa School, the technology learning institute based in Kenya.
Dubai-based Global Ventures has co-led a $7m investment with AAIC Japan in Helium Health, a West African digital medical records provider.
TLcom Capital has participated in a $1m pre-seed fundraising in Okra, a Nigerian fintech platform.
DEG and co-investors including Amethis Fund II and the International Finance Corporation have agreed to invest up to $10m in a Kenyan supermarket chain Naivas.
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.
