BHR Partners, a Chinese private equity firm, has agreed to acquire TF Holdings, a Bermuda holding company that owns an 80% interest in Tenke Fungurume Mining for $1.136bn in cash and contingent consideration of up to $51.4m.
Cactus Capital, the investment arm of Cactus Advisors, has announced investments into seed and growth stage African tech ventures, Flutterwave and E-Factor.
The UNICEF Innovation Fund has made its first investment in Africa by acquiring an undisclosed stake in 9Needs, a blockchain startup in South Africa.
African Rainbow Capital has acquired a 49% interest in Sinayo Securities, a Johannesburg-based equities brokerage firm, to expand its institutional client base and broaden its brokerage services.
The Emerging Africa Infrastructure Fund (EAIF) has participated in a syndicate led by the Dutch development bank, FMO, to provide a $14.7m loan to enable the construction of a 10MW solar farm in the Tororo area of Eastern Uganda.
Goodwell Investments, through its fund Goodwell MDC III, has invested in Innovative Microfinance, a microfinance institution operating in Northern Ghana.
AOG has transferred 75.1% ownership of Addax Bioenergy, its sugarcane bioethanol and renewable electricity operation in Makeni, Sierra Leone, to a group of investors led by Sunbird Bioenergy Africa (Sunbird Bioenergy group).
Mediterrania Capital Partners has acquired through its second fund, Mediterrania Capital II, a stake in Université Privée de Marrakech (UPM) to support its development plan.
Safaricom through its $1m Safaricom Spark Venture Fund has invested in Eneza Education, which provides mobile-based education tools for primary students.
Synergy Capital Managers through its Synergy Private Equity Fund (SPEF) has invested in Vester Oil Mill, a multiproduct company producing oilseed meals and oilseed crude oils in Ghana.
The Abraaj Group, an investor operating in global growth markets, has acquired a minority stake in Indorama Fertilizers, the largest urea fertilizer manufacturer in Nigeria, through its Funds.
Silvertree Internet Holdings, a South Africa based business incubator, has acquired a significant stake in CarZar, an online auto-trader in South Africa.
Catalyst Principal Partners, an East African focused private equity firm, has acquired a controlling stake in Zenufa Laboratories, one of the leading pharmaceutical manufacturers in Tanzania.
The Green for Growth Fund (GGF) has announced a $20m senior loan to ALEXBANK, the fund’s first deal in both Egypt and the region following its recently approved expansion into North Africa and the Middle East.
