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.
Phatisa, through its Food Fund 2 – together with Sabvest, Masimong Chemicals and Rolfes management – have acquired 100% of Rolfes Group.
Evolution II Fund has closed an equity investment and construction bridge loan in Gigawatt Global’s 7.5 MW solar PV project in Burundi.
Africa Capitalworks Management (ACW), a Sub-Saharan Africa-focused private equity investment company, has acquired a significant minority equity shareholding in Gaselia Industries Group, one of the largest homegrown beverages groups in West Africa.
HQ Financial Group (HQF), Singapore-based private company specializing in new material science, semiconductor and blockchain financial investments, has invested $10m in Aella, a Nigerian fintech start-up.
A.P. Moller Capital through its Africa Infrastructure Fund, Olam International (Olam) and Africa Finance Corporation (AFC) have agreed to invest in a Ports and Logistics platform in West Africa.
The I&P Afrique Entrepreneurs 2 (IPAE 2) fund, managed by Investisseurs & Partenaires, an impact investment group dedicated to small and medium-sized enterprises in Sub-Saharan Africa, has added two new companies to its portfolio.
HAVAÍC has made a R6m follow-on investment in AURA, a South African SafeTech company.
HAVAIC has concluded an investment into Nairobi based Dukapay (trading as Tanda) in advance of a syndicated seed round of investment.
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG), has lent €28m to a €330m expansion of the Azito Energie gas-fired power station in Côte D’Ivoire.
