The responsAbility-managed private equity vehicle focusing on food and agriculture has completed its second investment and taken a minority stake in Suminter, a global organic products supply chain management company which sources, processes and exports certified 100% organic and GMO-free products from Asia and Africa.
HAVAÍC has advanced the first round of financing in Instant Property Rentals Holdings, by acquiring a 10% equity stake, with an allocation for follow-on funding at Instant Property’s option.
Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, and Raba Capital, among others, have participated in a Series A extension round of financing to Flutterwave, a Nigerian fintech startup.
Imara Private Equity has, over the last twelve months, sourced, structured and invested approximately $4.5m, on behalf of a European Family Office client, into Zambezi Berry Company (ZBC).
Helios Investment Partners has invested an undisclosed amount in KMR Holding Pédagogique (KMR), a private higher education group based in Morocco.
I&P Afrique Entrepreneurs 2, a private equity fund launched in December 2017 with a first closing at €50m, has announced its first investments.
Ethos Mid Market Fund I (EMMF I) has announced the closing of a c.60% investment into South African-based consumer technology distributor, Gammatek.
LeapFrog Investments has invested in Pyramid Group, the largest specialty distributor for cardiac and orthopaedic equipment in East Africa.
Development Partners International (DPI), has invested through its African Development Partners II (ADP II), in Moroccan irrigation systems and solutions business, Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP).
Futuregrowth Asset Management has recently concluded an investment in the Impact Bond Innovation Fund (IBIF), a South African outcome-based financing mechanism that seeks to improve early childhood learning and development (ECD) outcomes in the Western Cape.
Helios Investment Partners has acquired a 76% stake in TPAY Mobile, a fast growing direct carrier billing (DCB) provider in the Middle East and North Africa region from A15, a tech investment fund based in Egypt.
The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences (Abacus), a pharmaceutical company in East Africa.
Goldman Sachs has led a $52m investment round in JUMO, with participation from other leading investors including Proparco, Finnfund, Vostok Emerging Finance, Gemcorp Capital, and LeapFrog Investments.
Harith General Partners has expanded its telecoms portfolio with a $24.1m investment in Open Connect, Malawi’s largest and only redundant fibre network provider to the domestic market.