10X Investments, a South African tech-enabled asset manager, has raised $6.14m in new funding from DiGAME Investment Company and existing shareholder Old Mutual Private Equity.
Convergence Partners has recently acquired a significant minority stake in ESET Southern Africa, a local distributor and brand operator for leading global internet and endpoint security software vendor ESET.
Egypt-focused private equity fund manager BPE Partners has reached financial close for three solar power projects in Egypt in partnership with renewable energy developers Infinity Solar Energy and ib vogt.
The African Rivers Fund, managed by XSML, has made its fourth investment in Uganda in Telcare, an operator of mobile money kiosks in Uganda.
Yellowwoods, a private investments group headquartered in Europe and active across 30 markets, and Hollard Insurance Group, have invested R20m in Naked Insurance, a new generation insuretech business in South Africa.
Musa’s Housing platform, the Skyward Group, and its partners has invested R50m in a township called Lehae, situated in the South of Johannesburg.
TPG Growth has led a Series A-2 financing round in Gro Intelligence, the New York and Nairobi-based agricultural data analytics business used by investment professionals, major corporations, governments and international organizations around the world.
HAVAÍC, Growth Grid Venture Capital Partners and a consortium of individuals have invested R5m in Digital Cabinet.
The Carlyle Group has agreed to acquire the NOSA Group, a South African provider of occupational health and safety services, from Johannesburg Stock Exchange-listed MICROmega Holdings for approximately R750m.
Investec Asset Management Private Equity and RMB Ventures have acquired Kamoso, a Botswana-based retailer and consumer goods company.
Old Mutual Alternative Investments (OMAI), Africa’s largest private alternative investment manager, has acquired a 50% interest in Faircape Life Right Holdings for an undisclosed sum.
Andela, a technology start-up to train coders in the African continent, has raised $40m in a Series C round led by the pan-African venture firm CRE Venture Capital.
KawiSafi Ventures, Omidyar Network, Fenway Summer Ventures and a number of American fintech angel investors have invested $6.5m in Lendable in a Series A investment round.
CI Capital Holding has reached an agreement with Gemini Egypt Holding for Financial Investments, an investment vehicle owned by Naguib Sawiris, to acquire Gemini’s majority stake in Reefy.
