African Infrastructure Investment Managers (AIIM) has invested through its African Infrastructure Investment Fund 3 (AIIF3) in Starsight Power Utility, as part of a $30m equity round.
Swicorp and Wamda have led a financing round in Mumzworld, one of the Middle East and North Africa (MENA) e-commerce players dedicated to mothers, babies and children.
Ethos Mid Market Fund I has acquire a 31% equity stake in South African-based corporate Internet Service Provider, Echo. Arshad Essa, Ethos partner, said: “We are investing behind Echo’s market penetration drive into South Africa, where the business already provides best-of-breed network solutions to an increasingly diversified client base.”
Goodwell Investments has acquired a minority equity stake in Oradian, one of the world’s fastest growing providers of digital solutions for financial institutions in frontier markets.
Investec Asset Management, through its Africa Private Equity capability, has recently concluded a further equity investment in Mobisol, following the initial investment made in late 2016.
Amethis has acquired a significant minority stake in Groupe Premium, an industrial equipment distributor in Morocco and now present in West Africa, to support the firm’s African expansion.
Ascent Rift Valley Fund (ARVF), an SME Private Equity Fund investor, has signed an investment deal that will see it acquire a majority stake in Auto Springs East Africa.
EXEO Capital via its $175m Agri-Vie Fund II has made an inaugural investment into a fast-growing aquaculture company operating on the South and West coasts of South Africa – TerraSan.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs in North African and Sub-Saharan Africa, has acquired a stake in CAIRO SCAN, a private provider of medical imaging services and diagnostics in Egypt, through its third fund (MC III).
The Emerging Africa Infrastructure Fund (EAIF), a part of the Private Infrastructure Development Group (PIDG), and Akuo Energy, a French green IPP, have signed a financing of the Akuo Kita Solar power plant, to be built at Kita in southern Mali.
wiGroup, a mobile transacting software company, has secured investment from two leading global companies to fast-track its entry into emerging and developed markets.
Injaro Investments and BIO have backed AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the deficit of protein foods in Niger.
Off Grid Electric has secured the largest venture equity investment into Africa – $55m in Series D funding led by Helios, acting on behalf of funds it advises, with support from GE Ventures and existing investors.
InfraCo Africa has signed a shareholders agreement with Berkeley Energy, committing $30m of equity investment to the Corbetti Geothermal project, doubling its original commitment of $15m.
