AfCFTA credit fund closes its first deal
The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing US$10 million to Telecel Global Services Ltd, through a senior secured amortising loan. The transaction marks a significant milestone in the operationalisation of the Fund.
Source: Maurice Info
Africa Lighthouse Capital acquires majority stake in Medlane Holdings
Africa Lighthouse Capital, a Botswana-based private equity firm, has concluded an agreement to acquire a 76% equity stake in Medlane Holdings, the operator of Botswana’s leading day hospital, Medlane Day Hospital. This investment will support a strategic expansion to improve access to high-quality, affordable primary healthcare in Botswana and reduce reliance on outbound medical travel.
Source: Africa Lighthouse Capital
Cygnum Capital signs US$18mn debt facility with cold-storage operator
Africa Go Green Fund (“AGG”), managed by Cygnum Capital, has signed a USD 18m Senior Debt Facility with Cold Solutions Kazi Limited (“CS Kazi”). The facility will be used to finance the overall project cost, including construction costs and working capital for a greenfield, 8,000 pallet, cold-storage facility in Namanve Industrial Park, Kampala, Uganda. CS Kazi is being developed by ARCH Cold Chain Solutions Fund as part of its regional network of modern, energy-efficient cold storage facilities across East Africa.
Source: Cygnum Capital
Global Innovation Fund backs Kenyan start-up
GIF is pleased to announce our risk capital investment in Keep IT Cool, (KIC) a start-up based in Nairobi which is revolutionising the supply chain industry through the creation of a smart distribution platform known as Markiti.
Source: Global Innovation Fund
Gradient leads US$8.5mn seed round in Cerebrium
Cerebrium, the serverless AI infrastructure platform enabling teams to build and scale multimodal AI applications without the traditional complexity or cost, announced an $8.5 million seed round led by Gradient, with participation from Y Combinator, Authentic Ventures, and several strategic angels and operators.
Source: Cerebrium
Knife Capital makes investments into two South African startups
Knife Capital, through its KNF II fund, has made new Series A investments into two South African startups: Sticitt and Optique.
Source: Africa Private Equity News
One Acre Fund makes an investment in Enimiro Uganda
Excited to share that One Acre Ventures, the new One Acre Fund investment vehicle, advised by IDH Invest, has closed a new investment in Enimiro Uganda, a vertically integrated agribusiness working with over 4,600 smallholder farmers to produce and export organic vanilla, coffee, and dried fruits.
Source: One Acre Ventures
Phatisa exits vaccine manufacturer
9 July 2025 – Phatisa, through Phatisa Food Fund 2 (“Phatisa”), has agreed to sell its interest in Deltamune (Pty) Ltd (“Deltamune”), a leading South Africa-based vaccine manufacturer, to Vaxxinova International B.V. (“Vaxxinova”), a global animal health company and part of the EW Group. The transaction expands Vaxxinova’s presence in Africa and affirms Phatisa’s strategy of delivering impact through operational excellence.
Source: Phatisa