NBK and EBRD support Egyptian education sector
NBK Capital Partners has invested an undisclosed sum in Kaumeya Language Schools (KLS) in Egypt to support the school in the next phase of its growth.
NBK Capital Partners has invested an undisclosed sum in Kaumeya Language Schools (KLS) in Egypt to support the school in the next phase of its growth.
The Carlyle Group, a global alternative asset manager, has agreed to acquire a majority stake in CMC Networks, a Pan-African provider of managed connectivity solutions for global telecoms providers.
The Emerging Africa Infrastructure Fund (EAIF) has invested $25m in a new company set up in Sierra Leone by a private sector joint venture to build a 57MW, oil-fired, power station at Freetown.
Visionnaire Ventures-led investment consortium has invested $25m in a robotics company Zipline to deliver blood and life saving medical supplies in Rwanda.
African boutique investment and advisory firm HAVAIC, together with funding from UK-based investor Kevin Gaskell, have injected R6.5m into South African creative technology startup delvv.io.
CDC Group, University Ventures and Savannah Fund have invested $12m in UNICAF, a global educational online organization.
iono.fm, a South African podcast and audio streaming services, has received $175k (R2.5m) in a funding round led by Clifftop Colony.
Flint Atlantic Capital Partners, a Nigerian healthcare impact investment firm, has invested in Africa Healthcare Network (AHN), the largest dialysis and kidney care services chain in Rwanda.
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.