A collection of news across the African private equity and venture capital industry |
Africa50 to invest in education group
The investment will be used by Holding Générale d'Education or Holged Group to support its expansion plans elsewhere in Africa.
Algebra Venture completes first close of second fund at US$100mn
Egypt's Algebra Ventures completes first close of $100m for its second fund. Algebra Ventures, Egypt's leading venture capital firm, has finalised a US$100 million first close of its second Egypt-dedicated fund, exceeding its US$90 million target.
Source: Disrupt Africa
Arise & Sanari Capital back biometrics company
Biometrics tech firm iiDENTIFii has raised $15 million in a growth capital round led by African investment company Arise.
Climate Fund Managers (CFM) lead US$74mn solar investment
Norwegian Empower New Energy has signed an agreement to raise $74 million from a consortium led by Climate Fund Managers.
Source: The Capital Quest
Edge Growth backs butchery business
With successful butcheries already established in Thokoza and Katlehong, entrepreneur Dexter Letele, has secured a R5,000 000 loan to launch a third site, bringing Dexter’s Hyper Meat Market to the Vosloorus area of Natalspruit in Gauteng.
Source: Biz Community
Gulf Capital exits olive oil producer
Grey raises US$2 million to simplify cross-border payments across Africa. Grey, a FinTech started to simplify sending and receiving foreign payments for Africans, has raised US$2 million in seed funding.
Source: Gulf Capital
Honda backs rent-to-own motorcycle business
Honda Trading Corporation (“the Company”) and Skylight Consulting Inc. have made an equity investment in Unchorlight Kenya Limited (“UNK”).
Source: Honda Trading
InfraCo Africa backs agri-processing hubs in DRC and Rwanda
The project will see the companies co-develop four new mini-grids and four agri-processing hubs (APHs) on Idjwi Island, DRC.
Source: InfraCo Africa
Kenya's MoKo Home + Living raises US$6.5mn
The company is now eyeing its next phase of growth, following a $6.5 million Series B debt-equity funding round, co-led by U.S.-based investment.
Mineworkers Investment Company backs internet provider
TooMuchWifi cofounder Ian Thomson adds that the investment will go a long way in servicing and accommodating low-income, informal customers.
Source: Engineer News
Mineworkers Investment Company backs Lifestock Wealth
The crowd farming platform receives a multimillion-rand funding boost from the Mineworkers Investment Company.
Source: IT Web
Morocco’s UM6P Ventures backs Infiuss Health
UM6P Ventures, an early-stage venture capital firm, has announced its investment in Infiuss Health to improve clinical trials.
Source: CEO Business Africa
Norsad Capital provides debt funding to healthcare group
Norsad Capital, an impact investor offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa.
Source: Business Live
Oikocredit invests in Farmline
Oikocredit is delighted to announce an investment of US$ 1.5 million in Farmerline Group, an organisation partnering with agribusinesses and farm association.
Standard Bank arranges US$306mn ESG Loan for Grit Real Estate Income
Standard Bank has successfully syndicated a multimillion-dollar sustainability-linked debt refinancing facility for London Stock Exchange & Stock Exchange of Mauritius listed pan-African impact real estate investment and management company, GRIT Real Estate Income Group (GRIT). The syndicated facility – aligned to GRIT’s ESG goals – was structured and exclusively led by Standard Bank.
Source: Grit Group
Talk360 secures additional US$3mn in seed funding
Talk360, a South African software that allows users to call any landline or mobile phone in the globe at a reasonable rate, has received the additional US $3 million in seed funding, bringing its total seed funding to US $7 million after its first close in May.
Tugende raises $10mn in equity & debt
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women's World Banking.
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