African Infrastructure Investment Managers (AIIM), and Nedbank Energy Finance have agreed to invest R400m in the renewable energy provider SOLA Group.
Following the successful delisting of Torre Industries from the JSE in April 2019, the business was successfully separated into Torre Analytical Services (TAS) acquired by Ethos Mid Market Fund I (EMMF) and Torre Industrial (TI) acquired by Apex Partners.
IFC and Quona Capital, with participation from existing investors Accion Venture Lab and Newid Capital, have invested $6.5m in Lulalend, South Africa’s first online automated provider of short-term funding for small and medium enterprises (SMEs).
Schroders, a global investment manager, has agreed to acquire a majority stake in Switzerland-headquartered microfinance and impact investor BlueOrchard.
Energy Access Ventures (EAV), an investor in smart infrastructure in Africa, and ElectriFI, a flexible financial facility funded by the EU, have co-invested in Solarise Africa, a pan-African clean energy and energy efficiency leasing company.
Mediterrania Capital Partners has acquired through its third fund, MC III, an undisclosed stake in Aziza, a private Tunisian company operating in the food retail sector.
AHL Venture Partners, an impact investment firm in East Africa, has acted as lead investor in Crop Nutrition Laboratory Services (Cropnuts) in Kenya.
Meridiam and partners, ENGIE and FONSIS, have achieved final close for two solar photovoltaic projects, Kahone Solaire SA (35MW) and Kael Solaire SA (25MWp), located in the Diourbel region of Senegal.
XSML has announced an investment, through its African Rivers Fund, in Ice Industries (ICE), a producer of flake ice, which is used mainly to keep fresh produce cold and is an essential element for the fishing sector in Uganda.
Luxembourg-based InsuResilience Investment Fund has agreed to acquire a 39.25% stake in Royal Exchange General Insurance Company, one of the largest non-life insurance companies in Nigeria.
IDG Capital, Sequoia China, Source Code Capital, Meituan-Dianping, GSR Ventures and Opera have invested $50m in OPay, a provider of a rapidly growing mobile payment service and consumer platform.
Investec Asset Management (IAM) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt, a rapidly growing supermarket chain.
EXEO’s Agri-Vie Fund II, a private equity fund focused on food and agribusiness investments in Sub-Saharan Africa, has concluded the subscription for a significant minority shareholding in PPHL.
A responsAbility-managed energy holding company has acquired a 26% interest in Renewable Energy Holdings (REH), a South African based developer, owner and operator of run-of-river hydropower projects in Southern Africa.
