Africa Lighthouse exits stake in Minet Botswana
Africa Lighthouse Capital Fund I has exited its 33.33% equity stake in the Botswana subsidiary of financial services platform Minet.
Source: Africa Private Equity News
B Investments exits three solar plants in Egypt
The board of the Egyptian private equity group, B Investments Holding, has approved the divestment of its stake in Infinity Solar power projects (Infinity Solar 1, 2, and 3) in Benban Solar Park for $8.25 million, marking a full exit from renewables. The Board also authorized Hazem Barakat, the company’s Chairman, to undertake all necessary actions and legal procedures to finalize the transaction, the company said in a disclosure to the Egyptian Stock Exchange (EGX).
Source: Egypt Oil & Gas Group
Circle Ventures invests in Africa-focused payments company
Africa-focused payments company Flutterwave today announced an investment from Circle Ventures, the corporate venture arm of Circle Internet Group.
Source: Africa Private Equity News
Creation Capital launches the Creation Yield Fund
South African private credit investment manager Creation Capital has launched the Creation Yield Fund, a hybrid private credit vehicle that combines privately originated debt investments with a listed note structure on the Cape Town Stock Exchange.
Source: Africa Private Equity News
IMG Capital invests in an integrated mobility platform
IMG Capital, through its fund IMG Fund I, has announced a minority investment in Morocco’s Avis Locafinance Group.
Source: Africa Private Equity News
Knife Capital and FAM Investments back customer service software company
Cue, a Cape Town-founded customer service software company, has raised US$5-million (R82-million) in a funding round co-led by South African venture capital firm Knife Capital and FAM Investments, to accelerate development of its AI agent platform and expand internationally.
Source: TechCentral
SEAF Senegal invests CFA 1.3bn in poultry venture
SEAF Senegal, part of SEAF Global, has signed its third deal in the country as part of its management of the Oyass Capital fund, a sub-fund of the Senegalese sovereign wealth fund.
Source: Africa Private Equity News
South African renewable energy company secures mezzanine debt
Maia Capital Partners has provided R150 million ($9.12 million) mezzanine debt funding to Nesa Power, a South African commercial and industrial renewable energy group delivering integrated solar, storage and energy solutions under long-term power purchase agreements (PPAs).
Source: Africa Private Equity News