Member News
11 May 2026
Sango Capital executes US$120mn African private markets secondary deal
Johannesburg, SA– May 11th, 2026: Sango Capital has acquired more than $120M in NAV in four African funds from an institutional investor rebalancing its global portfolio. Sango funded the deal with its own capital and raised additional capital from a diverse group of commercial investors, including first-time Africa allocators.
More
Member News
11 May 2026
Mastercard Foundation Africa Growth Fund anchors Nigeria-based impact fund
Young people across secondary cities in West and Central Africa are building businesses that work. They’re rebuilding food systems, creating manufacturing jobs, and solving real problems in their communities. But when they try to scale, they hit a wall. The capital they need doesn’t reach them, not because their businesses aren’t viable, but because the infrastructure to access it doesn’t exist where they are.
More
Member News
11 May 2026
AfricInvest leads growth investment round in BFREE
BFREE, a pan-African investor in distressed retail and SME loans, announced the close of a growth round that substantially expands the company's capacity to acquire and manage non-performing loan portfolios, deepen its forward flow partnerships with financial institutions, and extend its presence into new markets across the continent. The round was led by AfricInvest through its Financial Inclusion Vehicle (FIVE), a growth-oriented evergreen investment fund dedicated to advancing financial inclusion across Africa. In addition to its investment capital, FIVE brings an established network of financial institutions, deep financial sector expertise, and a strong track record of backing high-growth businesses in African markets. Algebra Ventures joined as a new institutional investor, alongside existing investors Capria Ventures, VestedWorld, Axian CVC, Angaza Capital, 4Di Capital, DotExe Ventures, and other strategic individual investors with deep expertise in African financial services.
More
Member News
7 May 2026
Impact Fund Denmark makes an additional investment of DKK 40mn in Somalia-focused fund
Impact Fund Denmark has made an additional investment of DKK 40 million in the Nordic Horn of Africa Opportunities Fund (NHAOF). The investment will increase access to capital for small and medium-sized enterprises in Somalia. This is crucial in a country that very few investors dare to enter and where the lack of long-term financing is holding back growth, investment and job creation.
More
Member News
28 April 2026
Proparco invests US$5mn in Novastar fund
Novastar Ventures has announced the final close of its third fund, Africa People and Planet Fund III (NVIII), at $147 million, making it one of the largest Africa-focused venture capital funds. Alongside international investors, Proparco is supporting the fund, which invests in companies that combine economic growth with positive environmental impact, now with a pan-African approach.
More
Member News
24 April 2026
Amethis, Proparco, et al. invest in Vertice MedTech 
Amethis, Proparco, ccap.ai and management are proud to announce the completion of their investment in Vertice MedTech Holdings (“Vertice”).
More
Member News
24 April 2026
Africa Finance Corporation receives commitment to its infrastructure fund
Nairobi, 24 April 2026: Africa Finance Corporation, the continent's leading infrastructure solutions provider, yesterday announced a commitment from the Development Bank of Southern Africa (DBSA) to its US$750 million Infrastructure Climate Resilient Fund (ICRF). The agreement, signed at AFC's ongoing The Africa We Build Summit in Nairobi, marks a significant step in scaling climate adaptation finance across Africa and underscores strengthening African institutional alignment around infrastructure as a catalyst for climate resilience, regional integration, and long-term economic transformation.
More
Member News
23 April 2026
Mediterrania Capital Partners in packaging solutions deal
Casablanca / Malta / Mauritius. Mediterrania Capital Partners (“MCP”), a private equity firm focused on growth investments in Africa, is pleased to announce the signing of a Share Purchase Agreement for the acquisition of 100% of Société Marocaine des Manufactures de Mohammedia (“SMMM”), the holding company of Amcor Flexibles Mohammedia (“AFM”), from Amcor Group.
More
Member News
21 April 2026
Proparco commits US$17.25mn to Alterra
Proparco, the French development finance institution, has committed USD 17.25 million to the Alterra Africa Accelerator Fund LP (AAA Fund), a pan-African growth equity fund managed by Alterra Capital Partners. Proparco’s commitment reflects its confidence in Alterra’s strategy of backing high-quality African businesses with the potential to grow, create jobs, and build long-term value across the continent.
More
Member News
20 April 2026
Norfund invests R160mn in South African water company
Norfund is investing R160m in the South African water company Nafasi Water Technologies, a leading integrated developer and contractor serving the mining and public sectors across Southern Africa. The investment complements a follow-on investment by existing shareholder E Squared Investments and will enable Nafasi to scale its waste-to-value manufacturing and project finance businesses.
More
Member News
17 April 2026
Proparco et al. acquire Namibian Oncology Centre
Salt Capital and Proparco, the French Development finance institution, are pleased to announce their acquisition of The Namibian Oncology Centre (‘NOC’), a specialist cancer care provider in Namibia. For this transaction, Salt Capital partnered with Proparco through its FISEA Fund – Facility for investing in and supporting African business – that invests in high-impact funds and one of Salt Capital’s longstanding investors.
More
Member News
13 April 2026
TLG Capital backs Falcon Aerospace Limited 
LONDON / LAGOS / ABIDJAN, April 13, 2026 — Falcon Aerospace Limited (trading as VivaJets), Nigeria's premier business aviation platform, has closed a landmark US$15 million credit facility backed by TLG Capital, Premium Trust Bank, and Access Bank UK. Structured by TLG Capital as a bespoke facility Nigerian and UK banking partners, the transaction is among the largest SME-focused aviation financings ever completed in Côte d'Ivoire. It funds the establishment of an Abidjan operations hub, the development of in-country aviation maintenance infrastructure, and the expansion of corporate connectivity across a Francophone West African market that has long been underserved by conventional aviation finance.
More
Member News
10 April 2026
Acumen invests in Pullus
Investment supports a women-led agribusiness building a more reliable poultry supply chain.
More
Member News
9 April 2026
Breega leads Nigeria-based energy and climate tech company's pre-seed fundraise
PowerLabs, a Nigerian energy and climate-tech startup, today announced the successful close of its pre-seed funding round led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures. This strategic investment will accelerate the rollout of Pai Enterprise, the company’s flagship AI-enabled energy orchestration platform across commercial and industrial enterprises in Nigeria and lay the foundation for expansion into key West African markets.
More
Member News
8 April 2026
TLG Capital in scaling facility deal
TLG Capital partners with Shona Capital Zambia Limited to deliver fast, flexible lending to underserved Zambian businesses, marking TLG's first investment in Zambia
More
Member News
8 April 2026
BII's investment platform, Growth Investment Partners (GIP) Ghana welcomes Norfund et al. as new investors
The new investment reflects growing confidence in GIP’s model, with over $40 million deployed to Ghanaian businesses, 3,356 new jobs created and supported, and an additional $20 million committed to further scale its impact.
More
Member News
7 April 2026
Acumen invests in Ugandan specialty coffee company
Acumen has invested in Mountain Harvest, a Ugandan specialty coffee company working with smallholder farmers to improve incomes and promote climate resilience through regenerative agriculture. The investment reinforces Acumen’s dedication to building inclusive agricultural markets that enable farmers to earn a living income while protecting the ecosystems they depend on.
More
Member News
2 April 2026
Inside Capital Partners invests in Hautes Études Pratiques Internationales (HEPI)
Inside Capital Partners (“Inside”) is pleased to announce its investment in HEPI (Hautes Études Pratiques Internationales), the education platform behind VATEL Madagascar, a leading provider of internationally recognised hospitality and tourism management programmes in Madagascar.
More
Member News
31 March 2026
Novastar reaches final close of its third fund
March 31, 2026 (London): Novastar Ventures, one of the first and largest VCs investing in Africa, today announces the final close of its third fund, Novastar Ventures Africa People and Planet Fund III (NVIII), at US$147 million.
More
Member News
31 March 2026
AfDB commits up to US$15mn to Alterra
The Board of Directors of the African Development Bank Group has approved an equity investment of up to USD 15 million in the Alterra Africa Accelerator Fund L.P. ("Alterra" or the "AAA Fund"), a multi-sector private equity fund dedicated to scaling high-growth enterprises across Africa.
More
Member News
30 March 2026
AfDB backs North Africa-focused fund
The Board of Directors of the African Development Bank Group has approved a $15 million equity investment in the SPE PEF III private equity fund to support growth-stage businesses across Africa. The decision was taken in Abidjan on 25 March 2026.
More
Member News
30 March 2026
Breega receives AfDB commitment
The Board of Directors of the African Development Bank Group has approved a €7.5 million investment in the Breega Africa Seed I Fund, to support Africa’s most promising technology start-ups in their early stages.
More
Member News
30 March 2026
Proparco commits US$15mn to the Adenia Entrepreneurial Fund
By committing $15 million to the Adenia Entrepreneurial Fund (AEF), Proparco renews its long-standing partnership with Adenia and reaffirms its support for African SMEs and mid-sized companies, key drivers of job creation, inclusive growth, and regional integration across the continent.
More
Member News
27 March 2026
Amethis invests in Côte d’Ivoire-based power security solutions provider
26 March 2026 – ADEMAT, a leading power security solutions group in Côte d’Ivoire, is entering a new phase of development following the acquisition of a majority stake by Amethis, a pan-African private equity firm, from SPE Capital.
More
Member News
26 March 2026
BFA Asset Management invests US$1.2mn in an Angolan company
BFA Asset Management’s Kimbo Fund invests USD 1.2 million in ANDA, backing a new generation of Angolan founders reimagining transport and finance from Luanda
More
Member News
24 March 2026
Partech, TLcom, Proparco et al. back South Africa-based fintech infrastructure company
24 March, 2026, Johannesburg, South Africa — littlefish, the merchant operating system powering the relationships between Africa's biggest banks and the merchant class, today announced the close of a $9.5 million Series A round led by Partech, with participation from TLCOM, Flourish Ventures, and Proparco. The round marks a significant milestone in the company's mission to transform how financial institutions serve small and mid-sized businesses across the continent.
More
Member News
23 March 2026
Partech leads Happy Pay's seed round
South Africa's Happy Pay raises $5M Seed Round led by Partech to scale the region's first ad-subsidised payments network, delivering cost-free Buy Now Pay Later payments for consumers.
More
Member News
19 March 2026
Adenia hits US$180mn hard cap at first close and announces its first investment
Port Louis, Mauritius, 19 March 2026 – Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities across Africa, today announced the successful first close of the Adenia Entrepreneurial Fund I (AEF) at its hard cap of $180 million. This comes less than a year after the launch of the fundraising process with an original target size of $150 million and brings the total capital raised by Adenia to over $1 billion.
More
Member News
16 March 2026
EIB commits EUR40mn to Africa-focused investment vehicle
African technology startups will receive a financing boost through a €40 million commitment from EIB Global, the development arm of the European Investment Bank (EIB), to the first Africa-focused investment vehicle from leading European venture capital firm Speedinvest. The investment strengthens EU–Africa ties, supports digital transformation, and promotes inclusive economic growth across the continent.
More
Member News
12 March 2026
FSDAi et al. anchor US$50mn first close of AIIM's African Transition Acceleration Fund 
March 12, 2026 | Nairobi, Kenya— FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have jointly announced their combined anchor commitment of $50 million in catalytic capital to the first close of the African Transition Acceleration Fund (ATAF), a catalytic vehicle managed by African Infrastructure Investment Managers (AIIM). The fund, which is targeting $200 million, is designed to accelerate investment in Africa’s energy transition, vitalise economies, and create sustainable jobs. ACP and FSDAi are joined by the International Finance Corporation’s (IFC) Frontier Opportunities Fund; and several senior equity co-investors including the IFC, KfW, Proparco, and other private investors.
More
Member News
12 March 2026
Amethis invests in Egypt-based Tiba
Amethis is pleased to announce it has entered into definitive agreements for a significant minority investment in Tiba for Starch & Glucose (“Tiba”), a leading Egyptian producer of rice-based specialty food ingredients. The transaction remains subject to certain conditions and regulatory approvals and is expected to be finalized within the second quarter of 2026.
More
Member News
12 March 2026
Proparco announces a US$15mn investment in AIIM's African Transition Acceleration Fund 
Proparco announces a $15 million investment in the African Transition Acceleration Fund (ATAF), a new pan-African fund dedicated to financing climate infrastructure at an early stage of development. The fund, managed by African Infrastructure Investment Managers (AIIM), has reached a first close as part of a targeted USD200 million fundraising.
More
Member News
11 March 2026
EBRD, Proparco et al. invest in pharmaceutical company
Cairo, Egypt – March 2025 – A consortium of investors led by SPE Capital (SPE), through its Private Equity Fund III (PEF III), and including the European Bank for Reconstruction and Development (EBRD), Proparco (the French development finance institution), and the Belgian Investment Company for Developing Countries (BIO), today announced the closing of its investment in Orchidia Pharmaceutical Industries S.A.E., a leading ophthalmic pharmaceutical manufacturer operating in Egypt and across the Middle East and Africa.
More
Member News
10 March 2026
Mediterrania Capital Partners announces the first closing of  its second fund dedicated to real estate investment in Morocco, with investor commitments reaching MAD 380mn
Casablanca, 10th March 2026 – Mediterrania Capital Partners Gestion, a Private Equity fund management company, announces the first closing of MCP RE II FPCC RFA, its second fund dedicated to real estate investment in Morocco, with investor commitments reaching MAD 380 million.
More
Member News
10 March 2026
SEDF commits US$7mn to climate fund
NEW YORK—The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, is investing $7 million in Persistent’s Africa Climate Venture Builder Fund (Persistent ACV Fund)—a $70 million blended fund accelerating climate innovation and inclusive green growth across Africa.
More
Member News
2 March 2026
RH Managers announces the launch of R75mn impact-driven fund 
Johannesburg, South Africa, 02 March 2026 – RH Managers, a Johannesburg based private equity firm in partnership with the Small Enterprise Development Finance Agency (SEFDA), has announced the launch of R75 million impact-driven fund to empower private medical professionals, expand access to quality healthcare in underserved communities, and help address the persistent underemployment of doctors in South Africa. The Doctor SME Fund is designed to address the funding gap faced by early- and growth-stage doctor-led healthcare businesses operating in underserved urban and peri-urban communities.
More
Member News
27 February 2026
AfDB commits EUR6.5mn to Francophone West and Central Africa tech fund
The Board of Directors of the African Development Bank Group today approved an investment of 6.5 million euros in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.
More
Member News
20 February 2026
Oxano Capital invests in a meat processing company headquartered in Lusaka, Zambia
We are proud to announce our new investment in Zamgoat Group (Zamgoat Products Ltd), a meat processing company headquartered in Lusaka, Zambia. This marks a significant milestone in our mission to support high-potential, impact-driven businesses across Africa.
More
Member News
19 February 2026
DPI completes Alameda Healthcare deal
London and Cairo, 19th February 2026 – Development Partners International (“DPI”) today announced the completion of their $190 million investment in Alameda Healthcare, Egypt’s leading private healthcare group.
More
Member News
18 February 2026
TLG Capital in Guinea deal
This is the largest Guinea SME deal in the last decade. Democratising access to private credit beyond a handful of familiar markets in Sub Saharan Africa is essential if the region is to prosper as one. TLG Capital looks to invest in precisely places where others hesitate. Engaging the best business builders with seriousness, humility, and long-term intent. Progress is not the product of waiting for certainty, but of acting with discipline and conviction in its absence.
More
Member News
17 February 2026
Standard Bank backs Sanlam PE acquisition of Medhold
Standard Bank, Africa’s biggest bank by assets, is proud to announce that it has played a significant role in supporting Sanlam Private Equity (SPE), a division of Sanlam Investments, in its acquisition of Medhold, a leading supplier of medical devices and surgical supplies in South Africa and other selected African markets.
More
Member News
16 February 2026
Sahel in Sukuma deal
Sahel Capital, a leading food and agriculture-focused investment manager in sub-Saharan Africa, has renewed and enhanced a loan facility to $1.8 million through its Social Enterprise Fund for Agriculture in Africa (SEFAA). This investment underscores SEFAA’s mission to expand economic opportunities for smallholder farmers by strengthening the social enterprises that serve them. The facility supports Sukuma Commodities, one of the largest processors and exporters of high-quality coffee in Uganda from an initial $1 million investment in 2024, Sukuma has grown exports by over 60%, deepened engagement with smallholder farmers, and received technical assistance enabling registration under the EU Deforestation Regulation. The company has also strengthened its farmer registration systems, further supporting its supply chain and sustainability commitments.
More
Member News
14 February 2026
EG Capital welcomes  anchor African Investor in the EG-EEF Fund
EG Capital is pleased to announce that Global Africa Growth Corporation (GAGC) has joined the EG-Economic Empowerment Fund (EG-EEF) as an investor.
More
Member News
13 February 2026
AfricInvest exits EFC Zambia
AfricInvest is pleased to announce the successful exit of its fund, AfricInvest Financial Sector (AFS), from Entrepreneurs Financial Centre (EFC) Zambia following the acquisition of the institution by NMBZ Holdings Limited, a leading Southern African financial services group. This transaction represents the culmination of a long-term partnership through which AfricInvest, alongside its strategic partner Desjardins International Development (DID), has supported the development and growth of EFC Zambia since 2009.
More
Member News
13 February 2026
Proparco joins first close of DPI’s fund
Proparco, the French development finance institution participated to the first closing of ADP IV, DPI’s latest fund, alongside other Development Finance Institutions (DFI) as well as private investors.
More
Member News
11 February 2026
Delta40 raises US$20mn
New York, New York – February 11, 2026 — Delta40 today announced $20 million in funding secured to support its integrated Venture Studio and Fund. The milestone marks Africa’s first institutional raise linking venture building and early-stage capital, merging investment with hands-on studio support from experienced operators to build and scale startups across the continent.
More
Member News
8 February 2026
Swedfund invests US$15mn in a food fund
Swedfund is investing USD 15 million in Phatisa Food Fund 3, which focuses on established companies across the food value chain in multiple African markets. The investment aims to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems.
More
Member News
5 February 2026
Proparco commits to Helios Climate Fund
By investing in the Helios Climate Fund, Proparco is deepening its strategic partnership with Helios Investment Partners and reaffirming its ambition to accelerate Africa’s low-carbon transition by mobilizing private capital for sustainable climate and economic impact.
More
Member News
4 February 2026
Sahel in follow-on Rasad deal
Sahel Capital, a leading investment manager focused on the food and agriculture sectors across sub-Saharan Africa, has successfully closed a USD 1.5 million working capital loan to Rasad Nigeria Limited through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The new facility represents a renewal and scale-up of SEFAA’s earlier financing and will support Rasad’s growing working capital needs across the cocoa value chain.
More
Member News
3 February 2026
Janngo et al. back GoCab
London, UK – February 3, 2026; Founded in 2024, GoCab was created to address a fundamental challenge across Africa: limited access to ethical financing and vehicle ownership for gig-economy workers. By combining mobility, technology, and inclusive finance, the company enables drivers and delivery couriers to generate stable income while progressively gaining ownership of their vehicles. By 2025, GoCab had taken a leading position in several African markets, supporting thousands of drivers and contributing to cleaner, more sustainable urban mobility systems.
More
Member News
29 January 2026
Amethis in OCS deal
Retail Holding, a leading Moroccan group in the food and specialized retail sector, and the pan-African fund Amethis MENA Fund II, today announce the acquisition of the operations of the OCS Group in Morocco and Senegal. The Retail Holding/Amethis consortium succeeds investment funds Adenia and Proparco, shareholders of the OCS Group since 2021.
More
Member News
28 January 2026
Development Partners International in successful exit valued at US$200mn
The transaction, valued at over USD200 million, represents a valuation for ABI above USD1 billion. It ranks among the largest private equity exits in Africa this year and marks DPI’s full exit from its investment in the company.
More
Member News
28 January 2026
XSML Capital closes African Rivers Fund IV at US$142mn
January 28, 2026 – XSML Capital, a leading provider of growth capital to SMEs in African frontier markets, today announced the final close of African Rivers Fund IV (ARF IV) at US$ 142 million, exceeding its hard cap of US$ 135 million.
More
Member News
28 January 2026
PIDG exits InfraCredit
London: The Private Infrastructure Development Group (PIDG), through its project development solution, InfraCo has exited its preference share investment in InfraCredit Nigeria for USD 26 million, achieving a strong return despite challenging macroeconomic conditions. InfraCo continues to hold ordinary shares following InfraCredit Nigeria’s listing on the NASD OTC Securities Exchange in 2025.
More
Member News
27 January 2026
BII et al. back Africa Energy Fund
British International Investment (BII), the UK’s development finance institution and impact investor, and Alexforbes Investments (Alexforbes), South Africa’s leading and largest multimanager, have each committed R500 million to the Revego Africa Energy Fund. It marks a pivotal step in developing South Africa’s secondary market for renewable energy assets.
More
Member News
26 January 2026
Adenia Partners invests in Egyptian healthcare and pharmaceutical company
Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital Partners (“Admaius”), a prominent Africa-focused private equity firm, alongside Dr. Sherif Bassiouny, Chairman of Parkville, and Dr. Mahmoud Farrag, CEO of Parkville. Parkville is a leading Egyptian healthcare and pharmaceutical company active in the pharmaceutical, cosmeceutical, and nutraceutical sectors. The transaction is subject to customary closing conditions and regulatory approvals. Financial terms were not disclosed.
More
Member News
22 January 2026
FSD Africa Investments commits US$7.5mn to Ghanaian fund of funds
Nairobi, 22 January 2026: FSD Africa Investments (FSDAi), a UK-backed specialist financial sector investor, has announced a USD 7.5 million investment in the Ci-Gaba (Progress) Fund, a Ghanaian-domiciled fund of funds designed to mobilise pension capital into private equity and private debt investments across Ghana and West Africa.
More
Member News
21 January 2026
FinDev Canada backs fintech credit fund
Montreal (Quebec), 21 January 2026 – Canada’s bilateral Development Finance Institution, FinDev Canada, announces a USD 15 million loan to Lendable MSME Fintech Credit Fund II SCSp, SICAV-RAIF (“LMFCF II” or the “Fund”), a 7-year global-focused debt fund with a target size of USD 250 million. The Fund operates in Latin America, Africa, and Southeast Asia, and has a focus on promoting financial inclusion and gender equality.
More
Member News
19 January 2026
Sahel Capital Agribusiness Fund II reaches first close at US$29mn, makes first investment
Sahel Capital announced a first close at $29 million and a first investment for its Sahel Capital Agribusiness Fund II (SCAF II), anchored by KfW Development Bank and an unnamed U.S.-based family office.
More
Member News
15 January 2026
Proparco backs first close of secondaries fund
Blue Earth Capital (“BlueEarth”), a specialist global impact investor, today announces the first close of its dedicated impact secondaries strategy, with commitments exceeding USD 100 million from leading institutional investors from Europe and the United States, including Proparco, the French DFI, the Ursimone Wietlisbach Foundation, and Stella (Germany). The close marks the launch of Blue Earth Capital’s first dedicated impact secondaries offering and a pivotal milestone in the firm’s mission to drive innovation and scale efficient impact capital deployment globally.
More
Member News
15 January 2026
Amethis Fund III reaches final close at EUR406mn
Amethis Investment Fund Manager S.A., the alternative investment fund manager dedicated to responsible long-term growth across Europe, Africa and the Middle East, together with its partner Edmond de Rothschild Private Equity, are pleased to announce the final closing of Amethis Fund III S.C.A., SICAV-RAIF1, (“AFIII” or “the Fund”) in line with its target at EUR 406M.
More
Member News
9 January 2026
DEG commits a EUR30mn loan to the Africa Go Green Fund
London, 09 January 2026: DEG (Deutsche Investitions- und Entwicklungsgesellschaft), the German development finance institution and a subsidiary of KfW, has committed a EUR 30 million loan to the Africa Go Green Fund (AGG), managed by Cygnum Capital. The financing will support the expansion of climate-friendly and energy-efficient solutions across Africa.
More
Member News
8 January 2026
Verdant Capital secures a US$15mn commitment
Micro, small, and medium-sized enterprises are essential for job creation and economic growth throughout Africa, yet they face significant challenges in accessing credit. This limits the growth potential of individual entrepreneurs.
More
Member News
2 January 2026
Adiwale invests in healthcare service provider in Guinea
Mauritius, 23 December 2025 — Adiwale Fund I has acquired a minority stake in Clinique Ambroise Paré, in Conakry, Guinea.
More
Member News
12 December 2025
Lightrock backs solar energy company
Sun King, the world’s largest off-grid solar energy company, has raised $40 million in equity financing from Lightrock, a global sustainable investment platform. The investment will support Sun King’s expansion of decentralised solar energy systems across Africa and Asia, and the company’s continued development of new products catering to the needs of underserved households and businesses in these regions.
More
Member News
10 December 2025
Mediterrania Capital Partners completes partial exit from Cash Plus via Bourse de Casablanca
10-12-2025. Casablanca, Malta, Mauritius. Mediterrania Capital Partners, a private equity firm focused on growth investments in SMEs across North Africa and Sub-Saharan Africa, is pleased to announce the successful partial sale of its stake in Cash Plus, Morocco’s largest independent money transfer and low-income financial services provider, through an IPO on the Casablanca Stock Exchange.
More
Member News
9 December 2025
South Suez Capital in healthcare deal
Strategic investment strengthens network of hospitals and diagnostic services, building on Salt Capital’s established presence in the Namibian market
More
Member News
8 December 2025
Helios Investment Partners launches digital infrastructure platform in Morocco
08 December 2025. Helios Investment Partners (“Helios”, acting on behalf of funds it advises), the leading Africa-focused private investment firm, and Fipar-Holding, a subsidiary of CDG Invest, are pleased to announce the creation of 3MDC, a new digital infrastructure platform. This platform aims to accelerate Morocco’s digital transformation and strengthen its position as a regional technology hub.
More
Member News
4 December 2025
IFC backs healthcare business
Dakar, Senegal, December 4, 2025 — To bolster local manufacturing and help improve access to quality healthcare equipment and consumables in Senegal, IFC, a member of the World Bank Group, today announced a partnership with leading Senegalese healthcare supplier Carrefour Medical, part of COSEMAD Group.
More
Member News
4 December 2025
AfricInvest backs Tecofi's expansion into Africa
AfricInvest Europe is pleased to announce its investment in Tecofi Group (www.tecofi.fr), a specialist in industrial valve design and manufacturing, via its Fonds Franco-Africain 2 (FFA II). The fund joins Tecofi’s long-standing financial partners, Bpifrance and Garibaldi Participations. As part of the transaction, the management team - led by Fabien Fayard, together with David Oundjian and Christelle Million, under the leadership of Chairman Jean-Paul Colombel and co-founder Jean Claude Renard - is also strengthening its ownership stake in the company.
More
Member News
2 December 2025
African Development Bank invests in electrification programme in Côte d’Ivoire
The Board of Directors of the African Development Bank Group has approved an up to XOF 15 billion (EUR 22.9 million) to support Phase II of Côte d'Ivoire's Programme Électricité Pour Tous (PEPT).
More
Member News
22 November 2025
Enza Capital et al. back Egypt-based HRtech startup
bluworks (bluworks.io), a Cairo-based HR tech startup specialising in workforce management solutions, has closed a $1 million seed funding round to accelerate growth across Egypt and expand regionally. The round was led by A15, Enza Capital, and Beltone Venture Capital, Acasia Ventures alongside strategic angel investors.
More
Member News
21 November 2025
The Public Investment Corporation invests US$30mn in African alternative asset manager 
London, 21 November 2025 - Enko Capital, a leading African alternative asset manager with US$1.4 billion in Assets Under Management (AUM), announced today that one of South Africa’s largest asset managers, the Public Investment Corporation (PIC), which manages just over 3.5 trillion Rand (US$ 204 billion) in AUM, has invested US$30 million into Enko’s private credit fund. The fund is targeting a final close of US$150 million in H2 2026, with a hard cap of US$200 million.
More
Member News
21 November 2025
TLG Capital invests in Kenya based SME
This week, TLG and IDP Foundation executed a $5 million facility to invest in Jackfruit Network, an SME based in Kenya which offers loans to low-cost private schools.
More
Member News
19 November 2025
The African Development Bank Group’s Sustainable Energy Fund for Africa (SEFA) secures new investment commitments totalling nearly EUR50mn
The African Development Bank Group’s Sustainable Energy Fund for Africa (SEFA), a multi-donor special fund managed by the Bank Group, has secured new investment commitments totalling nearly EUR 50 million, to strengthen the rollout of Mission 300 and accelerate climate action across Africa’s power sector.
More
Member News
18 November 2025
Development Partners International in portfolio company IPO
London and Johannesburg, 18 November 2025 – Development Partners International (“DPI”), a leading investment firm focused on Africa, has announced the successful initial public offering (“IPO”) of its portfolio company, Optasia (“Optasia” or “the Company”) – a pioneering AI-driven platform expanding access to digital financial services – on the Johannesburg Stock Exchange (“JSE”).
More
Member News
14 November 2025
BFA Asset Management invests in an agri-food processor
LUANDA, ANGOLA – 14th November, 2025 – In a landmark move for Angola's private capital landscape, BFA Asset Management's private credit impact fund - Kimbo Fund - has announced a strategic growth investment in FoodCare, a homegrown agri-food processor that has captured the world's appetite. This first-of-its-kind convertible note transaction is rooted in a compelling data thesis but powered by a mission to champion the overlooked hearts of the Angolan economy.
More
Member News
12 November 2025
AfDB grants US$100mn loan to a fund
The African Development Bank Group is boosting sustainable infrastructure development across Africa through a new $100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF). The financing, approved by the Board of Directors, will help the Fund attract private investment and support projects in renewable energy, digital connectivity, transport and other key sectors that promote inclusive growth and climate resilience.
More
Member News
12 November 2025
The Fund for Export Development in Africa (FEDA) announces a US$300mn investment in the Africa Minerals and Metals Processing Platform
Kigali, Rwanda 12 November 2025: The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), is pleased to announce a US$300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP).
More
Member News
10 November 2025
BII anchors new fund
British International Investment (BII), the UK’s development finance institution and impact investor, is partnering with BlueOrchard Finance Ltd (BlueOrchard), as an anchor investor in a new fund specifically designed to unlock insurance capital to combat the climate emergency in emerging markets.
More
Member News
7 November 2025
Amethis has reached the final close of its fund on target close to EUR150mn
Amethis Investment Fund Manager S.A., the alternative investment fund manager dedicated to responsible long-term growth across Europe, Africa and the Middle East, is pleased to announce the final close of Amethis Europe Expansion FPCI (“AEE” or “the Fund”) on target at nearly EUR 150mn, including a dedicated co-investment envelope.
More
Member News
7 November 2025
Ventures Platform secures US$64mn first close from International Finance Corporation, Standard Bank (South Africa), British International Investment (BII), Proparco, et al.
Ventures Platform, Africa’s leading seed-stage fund, has announced the $64 million first close of its second fund, VP Pan-African fund II, aimed at deepening seed investments, catalysing Series A rounds, and driving its pan-African expansion to power the continent’s next tech wave. The fund is targeting a final close of $75 million.
More
Member News
6 November 2025
African Infrastructure Investment Managers in cold storage deal
African Infrastructure Investment Managers (PTY) Ltd. (AIIM), one of Africa’s leading infrastructure investment managers and a subsidiary of Old Mutual Alternative Investments, has announced the acquisition of a 70% stake in Port Elizabeth Cold Storage (PECS) through its temperature-controlled logistics platform, Commercial Cold Holdings (CCH). The investment is funded by AIIM’s African Infrastructure Investment Fund 4 (AIIF4) and the IDEAS Managed Fund.
More
Member News
3 November 2025
AfricInvest invests in HR technology group
AfricInvest has taken a significant minority stake in Arrow Holding, a leading regional HR technology and staffing group operating through several subsidiaries across Africa and the Middle and Africa. The investment from AfricInvest Fund IV will support Arrow Holding’s digital transformation strategy and accelerate its expansion within Africa’s growing staffing and outsourcing sector.
More
Member News
29 October 2025
Seedstars Africa Ventures et al. back B2B digital lending startup
Africa’s consumer lending market is booming, fuelled by millions reaching for credit through their phones. While many borrowers recognise familiar names — FairMoney and Carbon in Nigeria, Safaricom and M-KOPA in Kenya — the engines behind these loans often remain unseen.
More
Member News
29 October 2025
Mediterrania Capital Partners, FMO, BII and Impact Fund Denmark in EUR100mn co-investment 
Mediterrania Capital Partners (MCP), a private equity firm focused on growth investments in SMEs and mid-cap companies across North and Sub-Saharan Africa, is pleased to announce a €100-million co-investment in Coris Holding, the second largest banking group in the West African Economic and Monetary Union (WAEMU).
More
Member News
26 October 2025
Sanari Capital exits market intelligence and geospatial analytics firm
Sanari Capital has exited its investment in Fernridge Solutions, passing the baton to Broll Property Group, whose pan-African reach and expertise in real estate and technology position them well to lead the next phase of growth for the Johannesburg-based market intelligence and geospatial analytics firm.
More
Member News
21 October 2025
Afreximbank’s Fund for Export Development in Africa backs Spiro investment round
Spiro, the Africanleader in two-wheel transportation and battery swapping, today announced alandmark $100 million investment round, the largest investment in Africantwo-wheel electric mobility ever. This includes $75 million from The Fund forExport Development in Africa (FEDA), the development impact investment arm ofAfrican Export-Import Bank (Afreximbank). The investment emphasizes Spiro’smission to provide affordable and accessible mobility to the masses whiletransforming Africa’s clean energy and urban transport sectors.
More
Member News
21 October 2025
DPI, LeapFrog Investments, IFC, Proparco, Lightrock, Swedfund, Verod Capital Management et al. back Series C raise 
London, UK: 21 October 2025 – Moniepoint Inc. (“Moniepoint” or the “Company”), Africa’s all-in-one financial platform for businesses and their customers, announces it has raised over US$200 million in equity financing in a recently closed Series C funding round. The investment reflects Moniepoint’s rapid growth, sustained profitability and proven impact, and will fuel its ongoing mission to power the financial dreams of millions of businesses and their customers across Africa and the global diaspora.
More
Member News
20 October 2025
FinDev Canada in US$100mn commitment to Africa Finance Corporation
Montreal (Quebec), 20 October 2025 – Canada’s bilateral Development Finance Institution, FinDev Canada announces a USD 100 million loan to Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, to support sustainable infrastructure projects in Sub-Saharan Africa.
More
Member News
20 October 2025
BII, IFC et al. commit to Africa-focused alternative asset manager
London, 20th October 2025 - Enko Capital, the Africa-focused alternative asset manager with US$1.3 billion in assets under management (AUM), today announced the first close of its impact focused private credit strategy (the Fund), raising US$100 million toward its target of US$150 million at final close, with a hard cap of US$200 million.
More
Member News
15 October 2025
Swiss impact advisory firm invests in TLG Capital
iGravity, a leading impact advisory and investment management firm, has made a commitment, under it’s Investments Solutions, to TLG Capital’s flagship fund, Africa Growth Impact Fund II (AGIF II). Anchored by the IFC, Swedfund, Norfund, and Bpifrance, this investment brings together TLG Capital’s on-the-ground investment expertise with iGravity’s experience in managing impact-focused portfolios that combine financial returns with measurable social and environmental outcomes across emerging markets.
More
Member News
13 October 2025
Proparco, Amethis et al. invest in specialty chemicals manufacturer
A consortium of investors comprising SPE PEF III (SPE Capital), Proparco and Amethis MENA Fund II (Amethis) has invested in Delta Holdings B.V. (Delta Holdings), a prominent manufacturer of specialty additives with a focus on the paint and coatings industry.
More
Member News
1 October 2025
Verod exits pensions fund administrator
Verod, a leading West African private equity firm, is pleased to announce its successful exit from pensions fund administrator, Tangerine APT Pensions Limited (“Tangerine APT Pensions”). Verod’s minority partner, APT Securities and Funds Limited, is acquiring its stake.
More
Member News
1 October 2025
TLG closes US$10mn facility for aviation services platform 
TLG Capital ("TLG") has closed a US$10 million facility for VivaJets, a subsidiary of Nigerian aviation services platform Falcon Aero, with financing structured alongside Wema Bank. Both TLG and VivaJets believe this to be the first internationally structured aviation financing for a Nigerian Air Operator, and funding will be applied to boost intra-African connectivity.
More
Member News
19 September 2025
Norfund exits hydropower assets in Africa
Norfund is selling its hydropower assets in Africa to Savannah Energy, completing its exit from what was formerly SN Power, built in partnership with Statkraft.
More
Member News
18 September 2025
Sanari Capital invests R406mn in global telematics and fleet asset management business
Johannesburg, September 18, 2025 – Sanari Capital, a private equity firm that invests in medium-sized and mid-market growth companies, has announced a R406 million (US$23.4 million) investment in Ctrack, the global telematics and fleet asset management business.
More
Member News
17 September 2025
Norfund invests in West African recycling company
Norfund, the Norwegian government’s investment fund for business development in developing countries, is investing in Mohinani Group to support plastic recycling in Ghana and Nigeria. The investment in the form of a loan aims to reduce waste, cut greenhouse gas emissions, and create jobs in two of West Africa’s largest economies.
More
Member News
16 September 2025
Metier invests in microfinance institution
16 September 2025 - Metier, through its Capital Growth Fund III (“MCGF III”), has partnered with Watu Group (“Watu”), a non-deposit taking microfinance institution (“MFI”) focused on financing income-generating assets for underserved communities across Sub-Saharan Africa.
More
Member News
16 September 2025
Norfund exits solar and battery project in South Africa
The Climate Investment Fund, managed by Norfund, has completed a responsible exit from the Kenhardt project — South Africa’s first large-scale hybrid solar and battery facility, built by Norwegian company Scatec.
More
Member News
15 September 2025
Amethis invests in Moroccan fruit exporter
Amethis, through its pan-African fund Amethis Fund III, announces the acquisition of a minority stake in BH Holding, a leading Moroccan player in the packing and export of high-value fruits. This minority stake aims to support the group’s growth strategy, particularly through the development of agricultural land irrigated by desalinated water using sustainable technologies.
More
Member News
15 September 2025
AfricInvest et al. back US$22mn round for a fintech company
Kredete, a Fintech company focused on helping African immigrants build credit and access financial services has raised a $22 million Series A funding round led by AfricInvest via their Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), alongside Partech, and with participation from Polymorphic Capital. This latest round, which brings Kredete’s total funding to $24.75 million, will finance the company’s expansion into Canada, the United Kingdom, and key European markets.
More
Member News
11 September 2025
Proparco invests in a venture capital fund
Proparco is renewing its partnership with Accion by investing in its latest venture capital fund dedicated to supporting start-ups working to promote financial inclusion in countries in Asia, Latin America, and Africa. Proparco's $5 million investment in the Accion Venture Lab Fund II will make financing more accessible to disadvantaged populations who have difficulty obtaining it from traditional financial institutions due to their risky investment profile and geographical location.
More
Member News
11 September 2025
Janngo Capital invests in a Moroccan recruitment platform
Casablanca, September 11, 2025 — Janngo Capital has invested in Jobzyn to transform recruitment in Africa and in the MENA region. Jobzyn is a Moroccan startup that offers a platform combining transparency, automation, and artificial intelligence to deliver a next-generation recruitment experience for both talent and employers.
More
Member News
11 September 2025
Adiwale backs Senegalese lifting services provider
Mauritius, 11 September 2025 - Adiwale Fund I has acquired a minority stake in Codex, the Senegalese leading lifting services provider.
More
Member News
11 September 2025
Standard Bank provides a landmark corporate facility to independent power producer
11 September 2025 – Mulilo, a leading South African renewable energy developer and independent power producer (IPP), has secured a landmark corporate facility from Standard Bank, Africa’s largest bank by assets.
More
Member News
9 September 2025
LoftyInc, Axian Group, et al. back a provider of cybersecurity solutions
The French startup, provider of smart, integrated, and automated cybersecurity solutions, announces a late seed funding round of €3 million. Objective: to industrialize its agentic artificial intelligence technologies and accelerate international expansion.
More
Member News
8 September 2025
KawiSafi announces US$90mn in approved capital for African climate ventures
With backing from the Green Climate Fund, the African Development Bank's Sustainable Energy Fund for Africa, the Schmidt Family Foundation, and Quadrature Climate Foundation, Acumen's second KawiSafi fund marks the next chapter for the climate-resilient growth platform developed by Acumen.
More
Member News
8 September 2025
New Forests invests in a forestry and saw milling company in South Africa
New Forests’ first investment in South Africa and second acquisition for its African Forestry Impact Platform
More
Member News
8 September 2025
Helios Investment Partners in a strategic data centre partnership in Egypt 
8 September 2025 – Helios Investment Partners (“Helios”), the leading Africa-focused private investment firm, announces the preliminary approval, by the board of Telecom Egypt, of Helios’ binding offer to acquire a stake ranging from approximately 75% to 80% in a subsidiary that will own the Regional Data Hub (the “RDH”) data centre assets of Telecom Egypt. The offer values 100% the RDH on a debt-free, cash-free basis at USD 230 million, which could reach USD 260 million subject to the achievement of certain KPIs. Completion of the transaction will be subject to the agreement and execution of the terms and conditions of definitive agreements, the completion of the restructuring of the RDH within a subsidiary of Telecom Egypt, and the satisfaction of a number of conditions precedent to the transaction.
More
Member News
2 September 2025
British International Investment (BII) invests US$7.5mn in Nigerian agri-tech platform
British International Investment (BII), the UK’s development finance institution and impact investor, today announced a $7.5 million debt investment in Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria.
More
Member News
1 September 2025
TLG Capital launches new investment into Ugandan healthcare
TLG Capital, a leading Africa private credit fund manager, has completed a senior secured debt facility for a leading Ugandan healthcare distributor for up to US$2mn. The financing provides for growth of the business, expanding distribution of critical pharmaceuticals in Uganda.
More
Member News
26 August 2025
FMO backs sustainable land fund 
FMO has committed €10 million to the Mirova Sustainable Land Fund 2 (MSLF2), a closed-end hybrid vehicle targeting €350 million. The fund is managed by Mirova, the impact investment subsidiary of Natixis Investment Managers.
More
Member News
22 August 2025
Inside Capital Partners powers up clean energy access with investment in RDG Africa
Inside Capital Partners (“Inside”) is thrilled to announce its investment in RDG Africa (“RDG”), a fast-growing leader in solar home systems and clean energy solutions across Southern and Central Africa. Founded in 2018, RDG is transforming lives by delivering affordable, reliable, and sustainable electricity to underserved households and small businesses through its innovative pay-as-you-go model. With operations in Zambia and the DRC, the company is lighting up communities, fuelling local enterprise, and driving the region’s transition to clean, renewable power.
More
Member News
21 August 2025
Alterra Capital Partners invests in Cobra
Johannesburg, South Africa / Nairobi, Kenya – Alterra Capital Partners (“Alterra”) is pleased to announce a strategic investment in Cobra Group Holdings (“Cobra”), partnering with the founder and CEO to support continued growth across Africa and the rest of the world.
More
Member News
20 August 2025
Novastar Ventures Africa People and Planet Fund III receives Japanese allocation
Sumitomo Mitsui Banking Corporation (President & CEO: Akihiro Fukutome, hereinafter "SMBC") has entered into an investment agreement with Novastar Ventures Africa People and Planet Fund III, L.P. (hereinafter the “Fund”), which is managed by Novastar Ventures Ltd. (hereinafter "Novastar Ventures"), one of Africa's first and largest venture capital firms, established in 2014.
More
Member News
18 August 2025
Sahel Capital secures US$10mn investment 
The Social Enterprise Fund for Agriculture in Africa (SEFAA), managed by Sahel Capital, has secured a $10 million investment from the Mastercard Foundation Africa Growth Fund. The Fund is managed by MEDA (Mennonite Economic Development Associates, Mauritius).
More
Member News
18 August 2025
AfricInvest provides US$10.5mn to Kenyan medical oxygen provider
AfricInvest, through its blended-finance impact vehicle Transform Health Fund (THF), has invested USD 10.5 million in HewaTele, a leading Kenyan medical oxygen provider, to scale domestic production of high-quality liquid oxygen and improve access to life-saving care across the region.
More
Member News
18 August 2025
Impact Fund Denmark commits US$40mn to energy fund
Investing in reliable power supply is crucial for the growth and sustainability of African companies. A USD 40m investment from Impact Fund Denmark in CrossBoundary Energy will support stable and sustainable electricity solutions throughout Africa.
More
Member News
14 August 2025
Renew Capital invests in Hypeo Ai 
CASABLANCA, Morocco, August 14, 2025 — Hypeo Ai is helping brands across Africa and the Middle East run faster, more efficient influencer campaigns by eliminating manual tracking and fragmented tools.
More
Member News
13 August 2025
Sahel Capital provides US$1.5mn working capital loan to maize aggregator and processor
Sahel Capital, a leading investment manager specializing in the food and agriculture sectors across sub-Saharan Africa, has successfully provided a $1,500,000 working capital loan through its Social Enterprise Fund for Agriculture in Africa (SEFAA). This investment is part of SEFAA’s broader mission to enhance economic opportunities for smallholder farmers by strengthening the social enterprises that support them.
More
Member News
13 August 2025
Africa50 green infrastructure fund announces first close at US$118mn
Maputo, Mozambique - 13 August 2025 – Africa50, the pan-African infrastructure investor and asset manager, has announced the first close of the Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD) at US$118 million, marking a major milestone in accelerating the delivery of green infrastructure across the continent. Managed by Africa50, the fund aims to bring together public, commercial, and philanthropic capital to unlock early-stage investment for transformative, climate-resilient projects in Africa. The milestone was announced during the Africa50 General Shareholders Meeting in Maputo, Mozambique.
More
Member News
6 August 2025
Sahel Capital backs agribusiness firm
Sahel Capital, a leading investment manager focused on the food and agriculture sectors across sub Saharan Africa, has successfully closed a $590,000 loan facility to Rasad Nigeria Limited through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The facility comprises $450,000 for working capital and $140,000 for capital expenditure. This transaction aligns with SEFAA’s mission to empower smallholder farmers by supporting socially responsible agribusinesses that foster inclusive growth and rural development.
More
Member News
6 August 2025
Kasada secures EUR15mn debt facility for a greenfield hospitality development in Abidjan
Kasada, the leading pan-African hospitality investment platform, recently closed a €15 million debt facility provided by the Africa Go Green Fund (“AGG”), managed by Cygnum Capital. The facility will provide finance for a greenfield hospitality development in Abidjan, Côte d’Ivoire. The project, to be located in the Angré district, will feature a hotel with a total of 170 keys, co-working facilities under the Wojo brand, and a dedicated MICE (Meetings, Incentives, Conferences, and Exhibitions) venue. This will be the first international branded hotel in the Angré area and Kasada’s 5th hotel in Abidjan, strengthening its footprint and commitment to deliver sustainable best-in-class hospitality in the Abidjan market.
More
Member News
5 August 2025
TLcom Capital, Enza Capital, et al. back South African Travel Fintech
Travel‑centric fintech TurnStay has closed a $2 million seed financing round.
More
Member News
5 August 2025
IFC supports Africa’s first integrated digital production platform
To enhance access to production services in Africa’s film and entertainment industry, IFC announced an investment into Filmmakers Mart (FMM), Africa’s first integrated digital production platform.
More
Member News
1 August 2025
Mediterrania Capital Partners and CDG Invest Growth invest in Dislog Dispositifs Médicaux
30-07-2025; Casablanca. Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce its investment in Dislog Dispositifs Médicaux (DDM) through a DM 540 million capital increase together with CDG Invest Growth. This fund-raising – the largest in Dislog’s history – has marked a decisive turning point in the development of its healthcare division.
More
Member News
29 July 2025
Helios backs SUN Mobility
Bengaluru (INDIA) / London (UK), July 29, 2025: Helios Climate (“HC”), Africa’s premier climate-focused investment platform, in partnership with the Private Infrastructure Development Group (PIDG), today announced a landmark investment in SUN Mobility, a global leader in energy infrastructure and battery swapping solutions for electric vehicles.
More
Member News
29 July 2025
LeapFrog Investments makes full exit from Goodlife Pharmacy
Nairobi, Kenya: LeapFrog Investments, the pioneering Profit with Purpose investor, today announces its successful exit from Goodlife Pharmacy, East Africa’s largest retail pharmacy platform. The business has been acquired by CFAO Healthcare, a leading distributor of pharmaceutical and medical products in Africa.
More
Member News
24 July 2025
SIFEM invests in the Alterra Africa Accelerator Fund I
SIFEM is pleased to announce an investment in the Alterra Africa Accelerator Fund I, a pioneering fund focused on providing catalytic capital and hands-on support to early-stage, high-growth businesses across Africa.
More
Member News
22 July 2025
Verod exits TAG West Africa 
Verod Capital Management Limited ("Verod") is pleased to announce the successful exit of Verod Capital Growth Fund II from TAG Investments EW Africa Limited ("TAG West Africa") with Transnational Academic Group Limited (existing shareholders) acquiring Verod’s stake. TAG West Africa owns and operates the Lancaster University Ghana campus in academic partnership with Lancaster University, UK.
More
Member News
18 July 2025
African Development Bank makes a US$40mn equity investment in Project Zafiri
The Board of Directors of the African Development Bank has approved a $40 million equity investment in Project Zafiri, a transformative equity platform and flagship initiative under Mission 300. This investment will accelerate the expansion of renewable energy access across Africa.
More
Member News
16 July 2025
AIIM exits renewable energy investments
As South Africa grapples with ongoing electricity shortages and a heavy reliance on aging coal-fired power plants, renewable energy remains critical to ensuring long-term energy security and economic stability. With a strong secondary market emerging for renewable energy assets, strategic investment and successful exits are becoming increasingly important in shaping the future of the country's energy landscape.
More
Member News
15 July 2025
BII, Swedfund, et al. launch Growth Investment Partners Zambia
British International Investment (BII), the UK’s development finance institution and impact investor, Zambia’s National Pension Scheme Authority (NAPSA) and Swedfund today announced the launch of Growth Investment Partners Zambia (GIP Zambia). This pioneering investment company is designed to provide long-term, flexible capital, primarily in local currency to small and medium-sized enterprises (SMEs) in Zambia.
More
Member News
14 July 2025
Verdant Capital completes a US$3mn investment in Bfree
The investment will support Bfree’s distressed loan portfolio financing in Africa, thereby improving the credit scores of the distressed borrowers, enabling them the access to credit from financial institutions in the future.
More
Member News
11 July 2025
Norton Rose Fulbright advises Kholo Capital on R200mn investment
Norton Rose Fulbright South Africa has advised Kholo Capital Fund Managers (Pty) Ltd, acting on behalf of Kholo Capital Mezzanine Fund I Partnership, on its R200 million investment into Bayport Securitisation (RF) Ltd.
More
Member News
10 July 2025
Alitheia Capital et al. invest in Hinckley E-Waste Recycling
Alitheia Capital and Goodwell Investments are pleased to announce their investment in Hinckley E-Waste Recycling Ltd. This impact-focused funding will enable the award-winning, Nigeria-based recycler to create a healthier environment, safer jobs, and improved livelihoods throughout its region of operations.  
More
Member News
9 July 2025
IFC and Proparco back Helios Sports and Entertainment
Washington, D.C., July 9, 2025: In a significant move to accelerate job creation and enhance the competitive sports and entertainment sector in Africa, IFC, a member of the World Bank Group, and Proparco, a subsidiary of the Agence Française de Développement Group (AFD Group), today announced an equity investment of up to $50 million in Helios Sports and Entertainment (“HSEG”), an investment vehicle dedicated to sport, media and entertainment across Africa.
More
Member News
7 July 2025
Sahel Capital invests in a Kenyan-based fish processing company
Sahel Capital, a leading food and agriculture-focused investment manager in sub-Saharan Africa, has closed a $1,000,000 loan facility—comprising $800,000 for capital expenditure and $200,000 for working capital—through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The investment supports SEFAA’s mission to expand economic opportunities for smallholder farmers by empowering the social enterprises that serve them.
More
Member News
7 July 2025
Adenia Partners announces two promotions in its leadership team
We are pleased to share two important promotions in our leadership team that reflect our continued growth and highlight strength and depth of team we’re building at Adenia Partners.
More
Member News
7 July 2025
Development Partners International signs US$190mn investment into Egypt’s private healthcare group
London and Cairo, 07, July 2025 – Development Partners International (“DPI”), through funds it advises, and co-investors, have signed a binding agreement for a $190 million minority stake investment in Alameda Healthcare (“Alameda” or the “Group”), Egypt’s leading private healthcare group (the “Transaction”). The Transaction, which is primarily a capital increase, is subject to obtaining the relevant regulatory and other approvals and is expected to close in Q3 2025.
More
Member News
6 July 2025
TLG Capital et al. invest US$6.5mn in Nairobi-based Ark Group
Kenya’s SME financing ecosystem has just marked a significant milestone. TLG Capital, a leading private credit fund specialising in sub-Saharan Africa, has finalised a first-of-its-kind SME transaction with the Development Bank of Kenya.
More
Member News
3 July 2025
Alterra Capital Partners announce sale of TICT business
Global investment firm Carlyle (NASDAQ: CG) today announced it has agreed to sell Safety SA, a South African testing, inspection, certification and training (“TICT”) business, to Centre Testing International Group Co., Limited (“CTI”). The financial details of the transaction were not disclosed.
More
Member News
23 June 2025
AfricInvest exits AFG Holding 
AfricInvest is pleased to announce its successful exit from AFG Holding, marking the culmination of a high-impact partnership that has significantly propelled the Group’s regional expansion and institutional transformation.
More
Member News
23 June 2025
BII and PIC sign a Memorandum of Understanding (MoU) to accelerate collaboration in investments across Africa
British International Investment (BII) and the Public Investment Corporation (PIC) and have signed a Memorandum of Understanding (MoU) to accelerate collaboration in investments across the African continent.
More
Member News
19 June 2025
Oasis Capital exits its investment in Mansa Bank Cote d’Ivoire
Abidjan, Côte d’Ivoire – Oasis Capital, an SME growth investor in West Africa, is proud to announce the exit of its investment in MANSA BANK Côte d’Ivoire, a fast-growing bank in Côte d’Ivoire. This exit marks the first full exit of Oasis in the Francophone market and the second of the Oasis Africa Fund I portfolio.
More
Member News
18 June 2025
Metier exits its investment in Master Plastics
Master Plastics (Pty) Limited (“Master Plastics”) is proud to announce the next chapter in its growth journey, enabled by a strategic funding package comprising equity and structured debt support from Nedbank CIB (“Nedbank”) and Investec Investment Banking (“Investec”). This transaction was completed in partnership with Manley Diedloff (CEO of Master Plastics) and Metier Private Equity (“Metier”), an existing shareholder, and positions the business for further growth.
More
Member News
17 June 2025
P1 Ventures and LoftyInc Capital back Salus Cloud
Over the last 15 years, Andrew Mori has built technology products and led engineering teams for businesses across Africa. After leaving Konga, where he was the eCommerce company’s Director of Technology, he started Deimos, a cloud solutions provider that has previously been named one of Africa’s fastest-growing companies.
More
Member News
12 June 2025
AfricInvest leads R200mn funding round for Nile with a co-investment from FMO
AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF), has led a R200m funding round for Nile.ag, a leading agricultural technology platform, with a co-investment from FMO, the Dutch entrepreneurial development bank, as well as renewed support from existing investor, Platform Investment Partners.
More
Member News
10 June 2025
Amethis announces the appointment of Muhummud Sheik as investment manager in South African office
We are delighted to announce the arrival of Muhummud Sheik as an Investment Manager in our new South African office. Muhummud and Investment Director Marieke Geurts will be leading our South African transactions and the establishment of this new office.
More
Member News
7 June 2025
AfricInvest's the Franco-African Fund exits its investment in Mathevon
Paris, May 27, 2025 – AfricInvest Europe announces the exit of the Franco-African Fund from Mathevon, a leading French industrial company specializing in high-precision machining.
More
Member News
5 June 2025
Two new senior advisors to join 4DX Ventures
ACCRA, GH / ACCESS Newswire / June 5, 2025 / 4DX Ventures, a leading pan-Africa venture capital firm investing primarily in early-stage technology companies, announced today that Mimi Alemayehou and Kurankye Sekyi-Otu have joined the firm as Senior Advisors as 4DX continues to scale its platform and deepen its impact across the continent.
More
Member News
4 June 2025
Mediterrania Capital Partners announces the final close of its fourth fund at EUR600mn
04-06-2025; Malta / Mauritius / Casablanca. Mediterrania Capital Partners, a leading Private Equity firm focused on growth investments for small and medium-sized enterprises (SMEs) and mid-cap companies across North and Sub-Saharan Africa, is proud to announce the final close of its fourth fund, Mediterrania Capital IV Mid Cap (MC IV), at €600 million.
More
Member News
3 June 2025
Bpifrance and Flat6Labs back WaterTech startup
Congratulations to Kumulus Water on raising €3.1M in seed funding!
More
Member News
27 May 2025
Kasada secures EUR19.4mn financing for hospitality investment in Senegal
Johannesburg, South Africa – 27 May 2025 – Nedbank Corporate and Investment Banking (Nedbank CIB) has reinforced its role as a leading financier in key African markets with the successful closure of a EUR19.4 million sustainability-linked development and term loan for Kasada, the leading independent real estate private equity platform dedicated to the hospitality sector in Africa, in Senegal.
More
Member News
27 May 2025
AfricInvest exits MDP
Cairo, Egypt – 27 May 2025 – MDP, a leading payments technology infrastructure group in the Middle East and Africa, is pleased to announce a new phase of growth following a strategic investment led by Lorax Capital Partners (“LCP”). The transaction marks the exit of long-time partner AfricInvest, whose support has been instrumental to the group’s expansion in recent years.
More
Member News
23 May 2025
British International Investment invests US$5mn in electric motorbike company
We are delighted to support ARC Ride which provides affordable, reliable and clean e-mobility solutions for rapidly developing cities in Kenya. The company is addressing the challenge by providing battery-as-a-service solutions that can reduce the upfront cost of electric two-wheelers and enables quicker battery swaps. Our $5m investment will fund the roll-out of 5,000 electric two-wheelers also known as Boda Boda, and expand ARC Ride’s battery swapping network across East Africa.
More
Member News
23 May 2025
Standard Bank pioneers ZARONIA-linked bond issuance
The Standard Bank of South Africa Limited (“SBSA”) is proud to announce the first issuance of a listed bond in South Africa using the newly established South African Rand Overnight Index Average (“ZARONIA”) floating interest rate benchmark.
More
Member News
22 May 2025
AfricInvest, FMO, and Norfund back East African financial group
Nairobi, Kenya, 21st May 2025 - I&M Group PLC has completed the capital raise of KES 4.19 billion from the sale of 86.5 million new ordinary shares to East Africa Growth Holdings (EAGH), a Mauritius-domiciled special purpose vehicle backed by leading global impact investors AfricInvest, FMO, and Norfund.
More
Member News
21 May 2025
XSML Capital provides senior secured debt to a Zambian hotel
XSML Capital has provided senior secured debt to Latitude 15°, a boutique hotel in Lusaka, Zambia, to support the addition of new rooms, enhanced conference facilities, and the installation of a solar energy system.
More
Member News
19 May 2025
The Africa50 Infrastructure Acceleration Fund acquires a significant stake in Mass Céréales al Maghreb
Casablanca - May 19, 2025 – The Africa50 Infrastructure Acceleration Fund (Africa50 IAF) has signed a share purchase agreement to acquire a significant stake in Mass Céréales al Maghreb (MCM), a key player in Morocco's grain handling and port logistics sector, which is expected to mark the first investment by the Fund.
More
Member News
16 May 2025
AfricInvest co-leads EUR13.5mn Series B round for a a lifesaving technology platform
AURA, a lifesaving technology platform making emergency response services more accessible and affordable, has raised a €13.5 million Series B funding round co-led by the Cathay AfricInvest Innovation Fund (CAIF) and Partech. This latest round, which brings AURA’s total funding to €21 million, will fund the company’s expansion into the United States and the development of a global “clearing house” to dispatch emergency response without borders.
More
Member News
15 May 2025
EG Capital announces first close of EG-Economic Empowerment Fund L.P.
NAIROBI, Kenya – May 15, 2025 – EG Capital is pleased to announce the successful completion of the first milestone in the rolling First Close of the EG-Economic Empowerment Fund L.P. (EG-EEF), with signed commitments over US$10 million, and soft commitments over USD $35 million as of Q1 2025. This achievement demonstrates strong investor confidence in EG Capital's mission to drive sustainable development in Africa through strategic private debt investments in high-growth SMEs.
More
Member News
15 May 2025
Aruwa Capital Management invests US$1.5mn in safety footwear manufacturer
Aruwa Capital Management, a growth equity and gender-lens fund investing in Nigeria and Ghana, is pleased to announce a $1.5 million investment in Yikodeen Company Limited ("Yikodeen" or the "Company"), a leading local manufacturer of safety and industrial footwear company. Aruwa Capital was the sole investor in the round and completed the investment from its sophomore fund, Aruwa Capital Fund II.
More
Member News
15 May 2025
PIC appoints Patrick Dlamini as the new Chief Executive Officer
Pretoria, 15 May 2025 – The Board of Directors of the Public Investment Corporation (PIC) welcomes the confirmation by Cabinet of Mr. Patrick Dlamini as the new Chief Executive Officer (CEO) of the PIC, South Africa’s state-owned asset manager.
More
Member News
13 May 2025
BII, FMO, Swedfund, and SIFEM jointly commit to a private credit fund
BluePeak Private Capital, a leading alternative asset management firm dedicated to small—and medium-sized growth companies, has secured a $80 million first close for its new fund. BluePeak Private Capital Fund II (BPCF II) is an impact-driven private capital fund that seeks to provide its investors with superior risk-adjusted returns and downside protection by investing in scalable businesses operating in Africa across several sectors. The fund is the successor to BluePeak Private Capital Fund I.
More
Member News
13 May 2025
IFC announces investment in AfricInvest Group's Small Cap Fund
IFC - International Finance Corporation is investing in AfricInvest Group's Small Cap Fund. This investment is part of IFC's SME Ventures program and its mission to help close the financing gap for SMEs in emerging economies – in Africa alone, private equity investment remains among the lowest globally, representing only 3% of total investments in emerging markets.
More
Member News
7 May 2025
Afreximbank launches US$1bn Africa Film Fund
Kigali, Rwanda 07 May 2025: African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has committed to spearhead the launch of the Africa Film Fund (‘the Fund’) as part of its Creative Africa Nexus Programme (CANEX). This transformative undertaking of up to US$1 billion is designed to revolutionize Global Africa’s film and creative industry.
More
Member News
7 May 2025
Norfund backs Aruwa Capital and Ventures Platform portfolio company
Norfund has made its first direct equity investment in African fintech through OmniRetail, a Nigerian technology platform that provides small shops in Nigeria, Ghana, and Côte d’Ivoire with access to credit, fast product delivery, and digital payment solutions.
More
Member News
7 May 2025
DEG invests EUR13mn in Amethis Fund III
DEG is investing EUR 13 million in Amethis Fund III, continuing its long-standing partnership with Amethis. The fund focuses on North and Sub-Saharan Africa, supporting mid-sized companies across key sectors such as healthcare, FMCG, manufacturing, business services, financial services, and infrastructure-related industries.
More
Member News
4 May 2025
Al Mada Ventures and DPI’s Nclude Fund lead US$13mn fundraise
While most African digital lenders depend on working capital to fuel growth, MoneyFellows has quietly done what few others have: lend billions of Egyptian pounds with almost no debt or balance sheet exposure.
More
Member News
2 May 2025
IFC appoints Ethiopis Tafara as its Vice President for Africa
Nairobi, Kenya, May 2, 2025—IFC today announced Ethiopis Tafara as its Vice President for Africa. In this role, Mr. Tafara will lead IFC’s investment and advisory efforts supporting job creation and private sector development across Africa, where IFC is actively driving growth in infrastructure, agribusiness, manufacturing, finance, telecoms, and other vital sectors.
More
Member News
29 April 2025
Renew Capital invests in Tendo
Renew Capital invests in Tendo to empower individuals to launch ecommerce businesses through social media with no upfront capital investment in inventory.
More
Member News
29 April 2025
TLG Capital announces US$75mn first close of African Private Credit Fund backed by Swedfund, Norfund, Bpifrance, IFC, et al.
London / Lagos, April 29, 2025 – To support small and medium sized enterprises in Africa—and to protect jobs at those businesses—IFC and TLG Capital today announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75 million raised.
More
Member News
28 April 2025
Aruwa raises US$35mn at second close
Aruwa Capital Management, a Lagos based female founded and led early stage growth equity and gender lens fund manager, has raised 90% towards its $40 million target for its second fund, Aruwa Capital Fund II. Aruwa Capital is doubling down on its proven investment strategy, backing high-growth, impact-driven businesses that are transforming key industries in Nigeria and Ghana.
More
Member News
26 April 2025
Mediterrania Capital Partners exits Akdital
25-04-2025; Casablanca. Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan Africa, is pleased to announce the successful full exit of its investment in Akdital through the MC III fund. The investment has delivered exceptional financial returns and measurable impact outcomes.
More
Member News
23 April 2025
AHL Venture Partners et al. back agri-commodity trading business
Blue Earth Capital (“BlueEarth”), a global specialist impact investor, today announces a $ 25 million private credit commitment to Robust International (“Robust”), a leading global processor and exporter of agricultural commodities focused on cashew and sesame seeds. The investment, in which BlueEarth’s investment vehicles participated alongside co-investors AHL Venture Partners and Ceniarth, marks BlueEarth’s third sustainability-linked loan and will help Robust improve its in-country sourcing capabilities, increase value-addition processing capabilities in Nigeria, and support sustainable growth for smallholder farmers.
More
Member News
22 April 2025
Mediterrania Capital Partners exits FMCG firm in North Africa
Casablanca. Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, is pleased to announce its successful exit from Dislog, a market leader in the manufacture and distribution of key fast-moving consumer goods (FMCG) in Morocco.
More
Member News
16 April 2025
Co-Chief Investment Officer, Peter Maila, to leave FMO
As of 1 July 2025, Peter Maila, our Co-Chief Investment Officer, will continue his career at Zvilo, a supply chain finance company headquartered in London. Peter was an early investor in the company and will now lead Zvilo’s expansion into the African market as CEO Africa. Peter will conclude his work at FMO at the end of June.
More
Member News
15 April 2025
FSD Africa Investments commits GBP10mn to ARM-Harith
Nairobi, 15 April 2025, 10AM EAT: FSD Africa Investments (FSDAi), the UK-backed specialist development finance investor, is investing GBP 10 million into ARM-Harith’s Climate and Transition Infrastructure Fund (ACT Fund) to unlock local institutional capital for climate infrastructure. ARM-Harith Infrastructure Investment Limited is a leading African private equity firm committed to catalysing economic growth through sustainable infrastructure.
More
Member News
15 April 2025
Development Partners International launches DPI Venture Capital
London and Cairo – 15 April, 2025 – Development Partners International LLP (“DPI”) is announcing the launch of DPI Venture Capital which will target investments in early stage, growth-orientated technology businesses across Africa.
More
Member News
9 April 2025
AfricInvest leads US$4mn investment in a fintech company
Build Ventures, Axian Group, Mistral, Island Capital Partners, Concrete, and others contribute to the round to fund accelerated growth in payment operations automation.
More
Member News
8 April 2025
Sahel Capital backs agribusiness company
Sahel Capital, an investment manager specialising in the food and agriculture sectors across sub-Saharan Africa, has provided a $500,000 working capital loan to Tafalo, through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
More
Member News
8 April 2025
Swedfund commits EUR26mn to AfricInvest’s FIVE platform
Swedfund invests EUR 26 million in AfricInvest’s Financial Inclusion Vehicle (FIVE), a platform designed to support financial institutions across Africa. The investment aims to increase access to financial services for underserved individuals and small businesses, with a focus on digital innovation, economic empowerment and inclusion.
More
Member News
7 April 2025
Verdant Capital commits additional US$4.5mn to LOLC Africa
The investment will support LOLC’s global expansion strategy in Africa, by financing MSMEs, thereby fostering financial inclusion, employment creation, income generation, and economic growth.
More
Member News
3 April 2025
Janngo Capital, Oikocredit, and Enza Capital in digital banking deal
Djamo is one of several digital banking startups targeting Africa’s underbanked. But unlike many that focus on large markets like Nigeria, Egypt, or South Africa, Djamo has carved out a niche in Francophone West Africa, specifically the Ivory Coast and, more recently, Senegal. It now serves over 1 million customers across both countries.
More
Member News
2 April 2025
PIC commits US$40mn to Africa50
Casablanca, Morocco, 2 April 2025 - Africa50 Group, the pan-African infrastructure investor and asset manager, today announced that the Public Investment Corporation (PIC), representing the Government Employees Pension Fund (GEPF) of South Africa, has made an investment of US$40 million, becoming its 36th shareholder.
More
Member News
25 March 2025
Renew Capital invests in a payment service provider
JOHANNESBURG, South Africa, March 25, 2025 – NjiaPay, a payment service provider (PSP), is changing the payment landscape for South African businesses. NjiaPay offers a single integration for merchants, eliminating the need to manage multiple integrations. With features like intelligent routing, built-in redundancy and centralized reconciliation and data management, NjiaPay ensures a seamless payment experience and enhanced payment success rates.
More
Member News
21 March 2025
Inside Capital gets commitment from Norfund
We are pleased to announce our $7.5 million investment in Inside Equity Fund II L.P., a private equity fund dedicated to supporting small and medium-sized enterprises in some of the most underfinanced and least developed markets in Southeast Africa.
More
Member News
20 March 2025
DEG is increasing its stake in Mediterrania Capital fund
DEG is continuing its long-standing collaboration with Mediterrania Capital Partners and is increasing its stake in the latest fund Mediterrania Capital IV Mid-Cap by a further EUR 15 million, bringing the total amount invested to EUR 25 million. The private equity fund invests across core sectors essential to economic development in North Africa and French-speaking markets in West Africa.
More
Member News
20 March 2025
Alitheia Capital et al. exit Baobab Nigeria
Alitheia Capital and Goodwell Investments are excited to announce the first exit of their joint uMunthu Fund: Baobab Nigeria, a financial institution creating meaningful impact in sub-Saharan Africa by providing inclusive banking services to individuals and MSMEs in underserved areas. More than 12 years after investing in Baobab Nigeria (first via their GWAMDC fund and later uMunthu), Alitheia and Goodwell have now exited the investment. This is not only a testament to the impressive growth and financial stability Baobab Nigeria has achieved with the support of these two investors, but it also proves the ability of patient capital to drive both financial and impactful returns.
More
Member News
20 March 2025
Swedfund commits EUR15mn to the AfricInvest Small Cap Fund
Swedfund has committed EUR 15 million to the AfricInvest Small Cap Fund, a private equity initiative focused on supporting small and medium-sized enterprises (SMEs) across Africa.
More
Member News
17 March 2025
Alterra announces a US$20mn commitment from British International Investment
London/Nairobi, 17 March 2025 – Alterra Capital Partners, an Africa-focused private equity firm, today announced a $20 million commitment from British International Investment (BII), the UK’s development finance institution and impact investor, to the Alterra Accelerator Africa Fund (AAA Fund). The AAA Fund is focused on impactful investments across key sectors in Africa which drive financial inclusion, digital transformation, job creation and women’s empowerment.
More
Member News
13 March 2025
Africa50 et al. to launch US$500mn DRE Nigeria Fund
Bridgetown, Barbados, 12 March 2025 – The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA) and Africa50 today announced an innovative partnership for a US$500 million DRE Nigeria Fund to develop and finance distributed renewable energy (DRE) projects in Nigeria. NSIA, SEforALL and Africa50 signed the Fund’s Heads of Terms agreement at the SEforALL Global Forum in Barbados.
More
Member News
12 March 2025
IFC partners with Standard Bank to provide US$250mn loan for green building and affordable housing in South Africa
Johannesburg, South Africa, March 12, 2025 – To support the construction and purchase of green buildings and homes in South Africa, including in the affordable housing sector and for women home-owners, IFC today announced a loan to The Standard Bank of South Africa Limited (Standard Bank), the country’s largest bank by asset value.
More
Member News
11 March 2025
IFC backs Kazyon Group
Cairo, Egypt, March 11, 2025 – IFC is extending its partnership with Kazyon Group to support the development and expansion of Morocco’s discount grocery retail sector, improving access to quality food and creating tens of thousands of jobs, especially for young people and women in rural areas across the country.
More
Member News
8 March 2025
Norfund's Climate Investment Fund invests in South African energy platform
The Climate Investment Fund is investing in a new South African platform for renewable energy, operated by Pele Green Energy Group. The capital will finance projects that will avoid 1.9 million tons of CO2.
More
Member News
7 March 2025
Alterra invests in Java House
7 March 2025 - Leading African private equity firms Alterra and Phatisa have signed agreements to acquire 100% of Java House Africa (“Java House” or the “Company”) from emerging-market investor Actis, for an undisclosed sum. The investment marks a significant milestone in Java House’s growth journey, reinforcing its position as a category leader on the continent.
More
Member News
6 March 2025
Adenia Partners welcomes Franck Falézan to Investment Committee
Adenia Partners, a leading private equity firm focused on growth opportunities in Africa, has appointed Franck Falézan to the Investment Committee of Adenia Capital IV, and its most recent oversubscribed flagship fund, Adenia Capital V. A highly accomplished investment professional and entrepreneur, Falézan brings over 25 years of experience in strategic leadership to the role.
More
Member News
5 March 2025
LoftyInc Capital announces US$43mn first close of its new LoftyInc Alpha Fund with commitments from FMO, Proparco, IFC, et al.
March 5th, 2025: LoftyInc Capital Management has announced the first close of $43m for its new LoftyInc Alpha Fund, a late-seed focused investment vehicle that will drive growth for Africa’s most promising tech startups across key geographies, including Nigeria, Egypt, Kenya, and Francophone Africa.
More
Member News
3 March 2025
Sahel Capital invests US$400k in MM LEKKER through working capital loan
Sahel Capital, a prominent investment manager in the food and agriculture sector in sub-Sahara Africa, has successfully closed an investment of US$400,000 working capital loan through its Social Enterprise Fund for Agriculture in Africa (SEFAA). SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
More
Member News
27 February 2025
Helios receives EIB commitment for Fund V
The European Investment Bank (EIB Global) has announced a $75 million investment in Helios Investors V, L.P. (Helios Fund V). The announcement was made by EIB Vice-President Ambroise Fayolle at the ongoing Finance in Common Summit in Cape Town, South Africa.
More
Member News
25 February 2025
Alterra Capital Partners acquires majority stake in East African travel group
Nairobi, Kenya / Johannesburg, South Africa – Alterra Capital Partners (“Alterra”) is pleased to announce a strategic investment in ARP Africa Travel Group (“ARP Africa”), partnering with the founding family to accelerate expansion across East Africa and beyond.
More
Member News
20 February 2025
BII, Swedfund and Norfund invest US$85mn in the specialist investor transforming agriculture across sub-Saharan Africa
British International Investment (BII), the UK’s development finance institution and impact investor, alongside Swedfund and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The equity investment comprises up to $50 million from BII, $20 million from Swedfund, and $15 million from Norfund, with the funding aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.
More
Member News
20 February 2025
ARAF portfolio receives investment from BII 
British International Investment has announced an additional $4 million investment in SunCulture, a Kenya-based company that designs, manufactures, finances, and services solar energy systems and irrigation equipment.
More
Member News
19 February 2025
Renew Capital and Janngo Capital lead investment in Dabchy’s Pre-Series A funding round
Tunis, February 18, 2025 – Dabchy, the pioneering circular e-commerce marketplace for second-hand fashion and goods in the Middle East and North Africa (MENA) region, announces the successful closing of a pre-Series A funding round – a substantial seven-figure investment that ranks as the third largest by an international venture capital firm in Tunisia over the past two years. The round was led by Janngo Capital, Africa’s largest gender-equal tech VC fund, recently backed by the Tunisian Fund of Funds ANAVA, alongside strategic co-investors, including the American venture funds Renew Capital and Village Capital. Several committed business angels also participated, including Karim Beguir, the founder of InstaDeep, one of Tunisia’s most renowned startups.
More
Member News
13 February 2025
African Infrastructure Investment Managers announces two new key appointments to spearhead its African Transition Acceleration Fund
African Infrastructure Investment Managers (AIIM), Africa’s largest dedicated sustainable infrastructure equity manager, today announced two new key appointments to spearhead its African Transition Acceleration Fund (ATAF 1) - Lisa Pinsley, as the Fund Head and new member of the AIIM Executive Committee, and Zoë Pierre, as Investment Manager.
More
Member News
13 February 2025
European Investment Bank, Proparco, et al. invest in African fund
During the EIB Group Day, the European Investment Bank (EIB) and Investisseurs & Partenaires (I&P) announced the signing of a financial partnership worth €15 million for the new I&P Afrique Entrepreneurs 3 (IPAE 3) fund. The signing ceremony was attended by EIB Vice-President Ambroise Fayolle as well as Jérémy Hajdenberg and Sébastien Boyé, co-CEOs of Investisseurs & Partenaires (I&P).
More
Member News
13 February 2025
Sango Capital acquires a majority of the Limited Partner interests in Synergy Private Equity Fund II
Sango Capital has acquired a majority of the Limited Partner (LP) interests in Synergy Private Equity Fund II L.P., strengthening its partnership with Synergy Managers (Mauritius) Limited, which remains the General Partner (GP). This follows Sango’s earlier acquisition of majority LP interests in another Synergy-managed fund, enabling deeper collaboration across both portfolios.
More
Member News
12 February 2025
Raenest secures US$11mn series A with backing from Ventures Platform, P1 Ventures, Seedstars Africa Ventures, et al.
Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M.
More
Member News
11 February 2025
Renew Capital and Enza Capital back Affinity in US$8mn seed round
Accra & London, February 11th, 2025 - Affinity Africa announces it has raised US$8 million in an oversubscribed Seed Round led by Grazia Equity and BACKED VC to accelerate its mission of delivering affordable and accessible financial services to the underserved and unbanked communities. The digital banking platform, which focuses on individuals and micro, small, and medium enterprises (MSMEs), officially launched in Ghana in October 2024 and has onboarded over 50,000 customers to date, 65% of whom never had access to formal banking products and over 60% are women operating in the informal sector.
More
Member News
11 February 2025
P1 Ventures closes its US$50mn VC fund
P1 Ventures – the early-stage, Pan-African VC – has completed the final close of its first $50 million institutional fund and welcomed African conglomerates, family offices, and partners at global VCs, alongside the World Bank’s IFC. Senior advisors include Index Ventures’ founding team member, Bernard Dalle and Emil Michael, former Uber CBO who scaled it globally.
More
Member News
7 February 2025
Amethis and Proparco announce exit from the capital of Merec
In 2018, a consortium led by Amethis and its partners Proparco and Kibo Capital Partners made a strategic investment in Merec, a dominant player in flour milling and secondary processing in Mozambique, aiming to support the company in expanding its manufacturing facilities and its diversification into a regional FMCG group specializing in wheat-based products.
More
Member News
7 February 2025
Sahel Capital provides US$500k loan to Agriarche to support smallholder farmers in Nigeria
Sahel Capital through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has provided a $500,000 working capital loan to Agriarche LLC, a Nigerian company dedicated to improving market access for smallholder farmers.
More
Member News
7 February 2025
Adenia Partners welcomes Rinolan Moodley as a Partner for South African office
Adenia Partners is delighted to welcome Rinolan Moodley as a Partner based in our South Africa office, helping us to capitalize on emerging opportunities across Southern Africa and enhancing our ability to deliver superior value to our investors.
More
Member News
6 February 2025
Proparco and FMO invest in sustainability-focused fund
Proparco supports Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investment, which is gathering a coalition of investors to support developments in regenerative agriculture, agroforestry, and sustainable forestry in emerging markets. These targets are closely aligned with Proparco’s recently developed Natural Capital strategy.
More
Member News
5 February 2025
Axian and Proparco invest in VC fund
Saviu Ventures, one of the leading Venture Capital firmsin Francophone Africa, has reached the second close of Saviu II, its second fund, with support from institutional investors including the Dutch Good Growth Fund, Proparco, and AXIAN Investment, to continue investing in the region's most promising startups.
More
Member News
5 February 2025
Adiwale Partners invests in West African producer of organic pineapple juice
Mauritius/Abidjan, 5 February 2025 – Adiwale Fund I announces its investment in Jus Délice, the leading West African producer of organic pineapple juice and concentrate, based in Togo. This investment will enable the financing of a new production line and the exit of Moringa, a fund established by Edmond de Rothschild, and a majority investor in the company since 2018.
More
Member News
30 January 2025
Verdant Capital announces the completion of its US$2mn mezzanine investment in UsPlus
The investment will support UsPlus’ expansion of working capital solutions tailored to Small to Medium Enterprises (SMEs) operating across various critical sectors in South Africa.
More
Member News
27 January 2025
AfricInvest secures EUR10mn commitment from Proparco
Proparco has announced a €10 million investment in the latest fund dedicated to small and medium-sized enterprises (SMEs) from AfricInvest, a long-standing partner and major player in impact investing in Africa.
More
Member News
27 January 2025
P1 Ventures receives backing from Egypt's fund of funds
Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) a government body focused on empowering small businesses, has made a strategic move to bolster the country’s growing startup ecosystem with a USD 7.5 M investment across three regional venture capital funds.
More
Member News
23 January 2025
DEG invests in South African online insurance platform
DEG is providing South African online insurance platform Naked with USD 4 million in equity capital. This new injection of capital will support the company’s growth by deepening its investment in automation and AI, product and market expansion, and enhancing advertising to attract and grow its customer base. DEG first invested in Naked in 2023. The total volume of the current round of financing is approximately USD 38 million. The investors also include global impact investor BlueOrchard and the existing backers IFC (a member of the World Bank Group), Yellowwoods and Hollard.
More
Member News
23 January 2025
Nigerian banking services platform is backed by Lightrock, DPI, BII, et al.
Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa.
More
Member News
22 January 2025
Adiwale Fund I announces a follow-on investment in Enko Education
Mauritius/Abidjan, 22 January 2025 - Adiwale Fund I (“Adiwale”) announces a follow-on investment in Enko Education, a group of African international schools, to support its expansion across the continent. With 16 schools across 10 African countries (Botswana, Burkina Faso, Cameroon, Côte d’Ivoire, Mali, Mozambique, Senegal, South Africa, Togo and Zambia), Enko Education is the largest network of International Baccalaureate schools in Africa. It provides quality education to 7,500 students, half of which are female.
More
Member News
21 January 2025
Renew Capital invests in a fintech company 
NAIROBI, Kenya, January 21, 2025 — Sevi, a fintech company regulated by the Central Bank of Kenya, is revolutionizing stock financing for wholesalers and retailers through its “stock now, pay later” platform. Sevi addresses the challenge of insufficient working capital by providing users with access to credit while ensuring suppliers are paid upfront.
More
Member News
14 January 2025
Novastar Ventures backs Sistema.bio
London and Nairobi, January 14, 2024—Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide, announces Novastar Ventures as its newest investor. Novastar has joined Sistema.bio’s recent internal financing round of USD 7.75 million with a USD 3.5 million investment. This will accelerate Sistema.bio’s expansion into new African markets, new agricultural and energy products and its overall growth.
More
Member News
13 January 2025
Intercontinental Trust appoints Varounen Goinden as Chief Operating Officer
Holder of an MBA from IAE Paris Sorbonne Business School and from Université Paris Dauphine and Fellow Member of the Association of Chartered Certified Accountants (FCCA), Varounen Goinden brings extensive expertise in the international financial services sector. His professional career is marked by strategic positions, notably as Director of Operations of Management Companies and Head of Business Development for Mauritius, India and Africa.
More
Member News
16 December 2024
AfDB’s Sustainable Energy Fund Africa approves US$10mn anchor investment in Arm-Harith Investment Fund
The Board of Directors of the African Development Bank Group has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region.
More
Member News
12 December 2024
R1.5bn (US$80mn) raised for the Sanari 3S Growth Fund
JOHANNESBURG, 12 December 2024: Sanari Capital, a women-led and majority Black-owned South African private equity firm, has raised c.R1.5 billion ($80 million) for the Sanari 3S Growth Fund, a portfolio with significant transformative potential across Africa.
More
Member News
10 December 2024
Africa50 Infrastructure Acceleration Fund secures new commitments from Axian et al.
Rabat, Morocco - 6 December 2024 – The Africa50 Infrastructure Acceleration Fund (IAF) has reached a new milestone as the Development Bank of Southern Africa (DBSA) and Axian signed to invest in the IAF.
More
Member News
10 December 2024
Africa50 announces US$15mn investment in data center deal
Cairo, 10 December 2024 - Africa50, the pan-African infrastructure investor and asset manager, today announced a USD15m investment in Raya Data Center (RDC). The investment, which is subject to regulatory approvals, will strengthen RDC’s existing operations and fund the development of a greenfield tier III data center in Egypt, driving the country’s digital economy and startup ecosystem.
More
Member News
10 December 2024
Renew Capital backs Enakl 
CASABLANCA, Morocco, December 10, 2024 – Enakl, an innovative urban mobility startup, addresses a critical need in Africa’s urban centers where public transportation remains overcrowded, unreliable and expensive. The platform connects commuters with local transport providers through a pre-booked, subscription-based model. By optimizing fleet operations and reducing costs, Enakl ensures accessible transportation options for businesses and individuals alike.
More
Member News
9 December 2024
FMO, Norfund et al. back climate fund manager
London, 9 December: Climate and impact fund manager Camco has reached first close on USD 107 million for its new REPP 2 debt fund to invest in the African grid of the future, with a further USD 78 million committed subject to conditions.
More
Member News
5 December 2024
EIB commits US$80mn to infra fund
The European Investment Bank (EIB) has committed $80 million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II) to finance infrastructure projects in sub-Saharan Africa. This investment was announced at the Africa Investment Forum. It will fund renewable energy, digital infrastructure and transportation initiatives that support climate action, environmental sustainability and local economies and society.
More
Member News
3 December 2024
Convergence Partners powers Ctrack's global expansion with strategic acquisition of Inseego's telematics business
Pretoria, South Africa – In a landmark move to broaden its global footprint and strengthen its market leadership, Ctrack has successfully completed the acquisition of Inseego’s international telematics business. Initially announced in September 2024, this acquisition enhances Ctrack’s presence in critical markets, including the United Kingdom, Belgium, France, Germany, the Netherlands, Australia, and New Zealand.
More
Member News
3 December 2024
AIIM receives a US$5mn commitment from FoF
Schroders Capital and BlueOrchard have invested USD 5 million through the Green Earth Impact Fund (GEIF) into the African Infrastructure Investment Fund 4 (AIIF4), a growth-oriented infrastructure fund contributing towards climate change mitigation and climate change adaptation across Africa.
More
Member News
3 December 2024
Renew Capital invests in Konnect
Tunis, Tunisia, December 3, 2024 — Konnect is a payment gateway pioneering digital payment solutions in North Africa, authorized by the Central Bank of Tunisia. Their platform offers seamless payment links, e-commerce plugins and a robust API designed to cater to businesses of all sizes. Konnect's services are tailored to enhance the online payment experience, ensuring quick, secure and efficient transactions that support business growth and simplify e-commerce interactions. With a commitment to improving financial accessibility, Konnect serves as a crucial partner for digital commerce in the region.
More
Member News
26 November 2024
Old Mutual Private Equity exits Holdsport Group
Leading global retail group Frasers Group ("Frasers" or the "Group"), today announced the conclusion of an agreement for the acquisition of South Africa’s leading sporting, outdoor and recreation goods company, Holdsport Group (“Holdsport”) from Old Mutual Private Equity (“OMPE”) and Holdsport’s management.
More
Member News
26 November 2024
LeapFrog Investments announces the close of its fourth fund
London, UK: LeapFrog Investments, the Profit with Purpose firm, announces the close of its fourth fund (“Fund IV”), with commitments and designated co-investments totalling $1.02 billion. LeapFrog’s initial target for Fund IV was $1 billion.
More
Member News
25 November 2024
IFC, EBRD, BII et al. launch US$500mn sustainability bond to advance Egypt’s green transition and MSMEs
Cairo, Egypt, November 24, 2024 – Arab African International Bank (AAIB) today issued a $500 million sustainability bond, with investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII), to advance Egypt’s green transition and micro, small, and medium-sized enterprises (MSMEs).
More
Member News
21 November 2024
Tana Africa Capital exits Flipper International School
The ADvTECH Group (ADvTECH) announced today that it has concluded an agreement to acquire a 100% interest in Flipper International School in Addis Ababa, Ethiopia, further reinforcing its position as the leading provider of private education in Africa. The acquisition will add five schools and approximately 3000 students to the group’s international portfolio.
More
Member News
21 November 2024
IFU, Proparco et al. invest in tea deal in Morocco
IFU invests EUR 12.3 million in Imperium Holding as part of a EUR 25 million equity round. This strategic investment will drive the company’s ambitious growth plans, expand production capacity, and enhance employment opportunities for women in Morocco.
More
Member News
20 November 2024
Breega leads Socium’s US$5mn raise
After backing Senegal-based Socium in 2021, we’re proud to lead Socium’s $5M raise, and reaffirm our commitment to scaling impactful startups for the long term.
More
Member News
20 November 2024
Proparco and Admaius Capital Partners back Saint Christopher Iba Mar Diop Medical School
In Senegal, Proparco is partnering with Admaius Capital Partners to support Saint Christopher Iba Mar Diop Medical School through the FISEA+ facility. Established in Dakar in 2003, Saint Christopher has grown up into one of the largest private medical training institutions in Francophone Africa, with over 2,000 students currently enrolled in medicine, pharmacy, and dentistry programs.
More
Member News
19 November 2024
Sahel Capital provides US$610k term & working capital loan to Oyster Agribusiness
Sahel Capital, a prominent investment advisor in the food and agriculture sector in sub-Sahara Africa, has successfully advised Social Enterprise Fund for Agriculture in Africa (SEFAA) in the approval of a c.US$610K term loan and working capital loan. SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
More
Member News
12 November 2024
Sanari Capital announces R87.5mn investment in Energenic Holdings
Marks first investment into sustainable energy solutions offering energy security across the African continent for technology access and economic growth.
More
Member News
7 November 2024
Sahel Capital provides US$1mn term & working capital loan to Sukuma Commodities
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, has successfully approved a US$1,000,000 term and working capital loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility.
More
Member News
7 November 2024
Seedstars Africa Ventures, Proparco et al. invest in Beacon Power Services
Accra, November 7, 2024 – Beacon Power Services (BPS), an energy tech company providing data and grid management solutions to help Africa’s power sector distribute electricity more efficiently, today announced the closing of a Series A financing round for an undisclosed amount. The round was led by Partech, with participation from Finnfund, Gaia Impact, Proparco, and previous investors Kaleo Ventures and Seedstars Africa Ventures. Additional investors in this round include Clermount, Global Brain and its CVC partner JGC MIRAI Innovation Fund, and On.Capital. Clermount acted as a financial advisor to Beacon Power Services in this transaction. The funding will enable BPS to enhance its product offerings, support growth in its current operations, and expand into new markets across Eastern and Southern Africa.
More
Member News
4 November 2024
Old Mutual Private Equity to purchase a stake in South Africa's Much Asphalt
Old Mutual Private Equity (OMPE) and Sphere Investments (Sphere) today announced that they have concluded an agreement with Johannesburg Stock Exchange listed AECI Limited to acquire 100% of Much Asphalt alongside the Much Asphalt Management team.
More
Member News
1 November 2024
EG Capital announces SDG Impact Finance Initiative (SIFI) joining the EG-Economic Empowerment Fund (EG-EEF) as an investor
EG Capital is delighted to announce the SDG Impact Finance Initiative is joining the EG-Economic Empowerment Fund (EG-EEF) as Limited Partners (L.P.) with a first loss capital commitment to help us mobilise private sector capital in the Health, Education, Nutrition and Climate Sectors in Eastern and Southern Africa.
More
Member News
30 October 2024
Janngo Capital reaches final close of its second fund at US$78 million
Pan-African venture capital firm Janngo Capital announces the final closing of its second fund at $78 million, 20% beyond its initial target.
More
Member News
29 October 2024
DPI, Lightrock and Verod back Moniepoint in US$110 million Investment
Moniepoint Inc., Africa’s fastest-growing fintech, has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora.
More
Member News
28 October 2024
500 Global promotes Mareme Dieng to partner
October 28, 2024, Nairobi, Kenya– 500 Global, one of the world’s most active venture capital firms, proudly announced the promotion of Mareme Dieng, based in Nairobi, Kenya, to Partner for their Africa regional strategy.
More
Member News
25 October 2024
Sahel Capital provides CapEx loan to Geneplus Global
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Saharan Africa, has successfully approved a US$500,000 CAPEX loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility. Launched in 2021 with KfW as the anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
More
Member News
21 October 2024
Amethis and Globex acquire a leading Moroccan transport company
Since 2022, Amethis has been a partner of Globex, a company operating in express courier, freight, transit, and storage solutions in Morocco and sub-Saharan Africa (Senegal and Cameroon), under the FedEx Express brand. In more than 20 years of existence, the group has established itself as a reference player in the field of express parcel shipping, freight, and transit, offering its customers competitive and guaranteed delivery times to/from more than 220 countries thanks to the vast network of FedEx World from which it benefits. In October 2024, Globex completed the acquisition of Logic Transport, a leading player in the transport and logistics sector in Morocco.
More
Member News
16 October 2024
Africinvest and Proparco finance Lapaire Glasses SA
AfricInvest and Proparco together approved financing for Lapaire Glasses SA, an optical retail chain offering quality eyewear at a fair price in West and East Africa (Ivory Coast, Benin, Togo, Mali, Burkina Faso, and Uganda). USD 2.5M in financing will be made available from AfricInvest and EUR 450k from Proparco, through its Bridge by Digital Africa facility, to support the improvement of optical care coverage on a continent where the WHO estimates that 80% of visually impaired people do not receive proper care. AfricInvest and Proparco’s financing will enable Lapaire to improve its territorial coverage in the countries where it currently operates while ensuring the expansion of its network in Senegal, the D.R. of Congo, and Tanzania.
More
Member News
15 October 2024
Africa50 leads US$42mn investment in BasiGo
Nairobi, Kenya - 23 October 2024 - Africa50, the pan-African infrastructure investor and asset manager, has led a new US$42 million funding round for BasiGo, a provider of sustainable e-mobility solutions in sub-Saharan Africa.
More
Member News
11 October 2024
The EuroMena Funds announces the successful exit of two portfolio companies
The EuroMena Funds operate in the Levant, Middle East and Africa, regions marked by instability, economic crises, and geopolitical tension. Our HQ in Beirut faces daily challenges: Bombings, missile strikes, economic devastation and political unrest are our daily reality. Yet, it’s in these unforgiving environments that we manage to succeed.
More
Member News
8 October 2024
Renew Capital backs ChipChip
Addis Ababa, Ethiopia, October 8, 2024 - ChipChip, an innovative e-commerce platform bringing consumers and suppliers together through group buying, has secured investment from Renew Capital as lead investor as well as other international co-investors. Since its launch, ChipChip has been changing how consumers purchase fresh produce and fast-moving consumer goods (FMCG) by enabling them to unlock bulk prices through collective purchasing.
More
Member News
8 October 2024
Adenia Partners expands into Egypt
BEAU PLAN, Mauritius, October 8, 2024 – Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has extended its presence in North Africa by establishing on-the-ground representation for the firm in Egypt. The location is Adenia’s eighth on the continent, reflecting its deep commitment to responsible investing and a sustainable Africa.
More
Member News
8 October 2024
FMO invests US$25mn in the SANAD debt sub-fund
FMO invested USD 25mln in the SANAD Debt Sub-Fund for MSME to support small businesses in the Middle East and North Africa (MENA).
More
Member News
7 October 2024
Metier invests in maize meal producer
Metier Capital Growth Fund III invests in one of the largest independent maize millers in South Africa
More
Member News
7 October 2024
TLG Capital announces the first close of N10.4bn of their private debt fund
TLG Capital is very excited to announce the first close of N10.4 billion in Series 1 of their N100 billion private debt fund, the first in Nigeria's financial history. This marks the first-ever local currency private debt fund in the country with 17 investors subscribing across the Nigeria ecosystem and attracting some of the best known Pension Fund Administrators in the country.
More
Member News
4 October 2024
IFC, CDG Invest Growth et al. announce an investment in Retail Holding
Rabat, Morocco, October 4, 2024 – To boost access to affordable, high-quality food products in Morocco and Côte d’Ivoire, IFC, Fipar Holding, and CDG Invest Growth today announced an investment in Retail Holding, a leading Moroccan-based food and consumer goods retailer.
More
Member News
3 October 2024
AfricInvest reaches Transform Health Fund final close
NAIROBI, October 3, 2024 – AfricInvest and The Health Finance Coalition (HFC) today announced the final close of the pan-African Transform Health Fund (THF), an innovative blended-finance fund that aims to bolster healthcare systems in Africa by scaling proven and innovative healthcare models across the continent.
More
Member News
3 October 2024
IFC backs early-stage fund manager
Nairobi, Kenya, October 3, 2024 - IFC today announced an investment in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting businesses and innovation in the climate sector.
More
Member News
2 October 2024
FEDA and AFC power ARISE IIP’s US$443mn capital raise
Dubai, 02 October 2024 — ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise of US$443 million.
More
Member News
2 October 2024
Winich Farms secures US$3mn in Pre-Series A funding, backed by Climate Resilient Africa Fund, Sahel Capital and Acumen Resilient Agriculture Fund
Winich Farms, a Nigerian Agtech startup making the supply chain of farm produce seamless for all stakeholders, has secured $3 million in pre-series A funding to enhance its technology and optimize its operations. The round is a mix of equity and debt.
More
Member News
1 October 2024
DPI exits biopharmaceuticals platform
Development Partners International (DPI) Partners International is pleased to announce the close of its exit from KELIX bio. The transaction is one of the largest private equity exits and M&A deals in Africa’s pharmaceutical sector over the past twenty years.
More
Member News
1 October 2024
Injaro’s Cape Verdean subsidiary invests in poultry business
Accra, October 01st , 2024 – Investment Capital Partners (“ICP”), a subsidiary of Injaro Investments (“Injaro”), is pleased to announce the successful completion of another investment transaction. This marks its second investment in Cabo Verde, through the Pro Impacto Fund. The investment was made in AGRA, Lda, (“AGRA”), a producer of poultry and animal feed which was founded in 2019, by a local entrepreneur with extensive industry experience and an ambitious vision of becoming the leading provider of fresh egg and animal feed in the country.
More
Member News
29 September 2024
Sahel Capital provides US$1mn term and working capital loan to Apple Orchards through SEFAA
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, has successfully approved a US$1,000,000 term and working capital loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility. Launched in 2021 with KfW as the anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
More
Member News
25 September 2024
African Infrastructure Investment Managers invests in CCH Greenbushes
African Infrastructure Investment Managers (AIIM), a division of Old Mutual Alternative Investments, has made a significant move to bolster South Africa’s cold chain infrastructure through the commissioning of CCH Greenbushes, a commercial cold storage facility which has been built in Gqeberha, Eastern Cape.
More
Member News
24 September 2024
Helios leads US$100mn Series D funding in M2P Fintech
Helios is delighted to announce it has led a $100m Series D Funding round in M2P Fintech, the fast growing BaaS and infrastructure API provider catering to the banking, fintech and non-financial services sectors, to support its expansion across Africa. M2P will join Helios’ strong financial services and fintech portfolio.
More
Member News
24 September 2024
Renew Capital invests in Chpter
Nairobi, Kenya, SEPTEMBER 24, 2024 — Renew Capital has invested in Chpter, an AI-powered conversational commerce platform that enables businesses to sell more on social media platforms such as WhatsApp and Instagram.
More
Member News
24 September 2024
AXIAN acquires a stake in WiASSUR
The pan-African AXIAN Group – through its subsidiary AXIAN Investment – a leading supporter of African start-ups, has announced the acquisition of a stake in WiASSUR, an innovative insurance start-up based in Côte d'Ivoire. This marks a key milestone for AXIAN Group's expansion strategy in this sector.
More
Member News
17 September 2024
FSD Africa invests in Holocene Ventures Fund
FSD Africa’s Early-Stage Finance Pillar is investing US$150,000 in Holocene Ventures Fund (HVF), a climate tech start-up venture capital provider that seeks to raise an initial US$2 million to invest in 12 high-impact climate businesses. HVF I will provide the track record and pipeline to raise a $30M pre-seed to series A climate tech fund in 2025. The investment by FSD Africa comes alongside investments from other angel investors across Europe, USA and Africa.
More
Member News
17 September 2024
Fund for Export Development in Africa (FEDA) announces strategic investment in Team Drogba
Kigali, 17 September 2024: The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank), is pleased to announce a strategic investment in Team Drogba, competing in the inaugural E1 Series, the world’s first-ever all-electric boat racing championship. This investment aligns with Afreximbank’s Creative Africa Nexus (CANEX) strategy, which includes sports as a key vertical for advancing Africa’s economic and cultural footprint.
More
Member News
16 September 2024
Metier invests in global leader in telecommunications cable recovery and recycling, Mertech Marine
Metier Sustainable Capital Fund II invests in world leader in telecommunications cable recovery and recycling business
More
Member News
10 September 2024
Novastar Ventures welcomes Doreen Nabaho as head of sustainability
September 10, 2024 (London): Novastar Ventures, one of the first and largest VC investors in Africa, today announces the appointment of Dr. Doreen Nabaho as Head of Sustainability
More
Member News
8 September 2024
BII, EBRD, TCV, et al. to acquire Tamweely, Egypt's leading microfinance company
A consortium of investors comprising SPE PEF III (SPE Capital), the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV) and British International Investment (BII) has signed definitive agreements to acquire Tamweely Microfinance S.A.E (Tamweely), the leading non-banking financial services company in Egypt specializing in serving micro, small and medium enterprises (MSMEs), from its current shareholders: Ayady for Investment & Development S.A.E, NI Capital Holding for Financial Investments S.A.E , and Post for Investment Company S.A.E.
More
Member News
3 September 2024
Verdant IMAP advises DEKRA SE on the sale of South Africa's largest independent vehicle testing group, DEKRA Automotive
Verdant IMAP has advised Germany-based DEKRA SE on the sale of DEKRA Automotive (“DEKRA”), the largest independent vehicle testing group in South Africa.
More
Member News
3 September 2024
IFC, Proparco, DEG, and DFC back Aspen in strengthening Africa's pharmaceutical sector
Johannesburg, South Africa, September 3, 2024 – To support the production and distribution of life-saving medicines and vaccines in Africa, IFC; Proparco; the German Development Finance Institution (DEG); and the U.S. International Development Finance Corporation (DFC), today announced a joint financing package for Aspen Pharmacare Holdings Limited (Aspen).
More
Member News
2 September 2024
Amethis announces the promotion of Frank-Astère Ndiyo Butoyi to investment partner
We are pleased to announce the promotion of Frank-Astère Ndiyo Butoyi to the position of Partner at Amethis. This recognition underscores Frank’s significant contributions and dedication to our firm’s growth, particularly in the East African region.
More
Member News
1 September 2024
DEG publishes its Development Report 2023
The Impact Report measures DEG's impact and achievements and its contributions to the United Nations Sustainable Development Goals.
More
Member News
1 September 2024
Adenia Partners publishes 2023 Climate Action and ESG & Impact Reports
Since 2002, Adenia Partners has been making value-based investments in promising African companies and takes responsibility for guiding them to sustainable growth.
More
Member News
1 September 2024
Aruwa Capital Management publishes its 2023 Impact Report
Fuelling Africa's gender-diverse future – In this 2023 Impact Report, Aruwa highlights sustainable growth achieved through strategic initiatives and investments.
More
Member News
29 August 2024
Verod publishes its 2023 Impact Report
The digital-only report highlights Verod's collaborative efforts with partners to drive positive change and showcase the significant milestones achieved in 2023.
More
Member News
29 August 2024
Angolan Sovereign Wealth Fund (FSDEA) commits investment to BFA Asset Management’s Kimbo Fund
On 29th of August 2024, the Angola Sovereign Wealth Fund (FSDEA) formalised its entry into the Kimbo Fund, Angola’s debut private debt fund managed by BFA Asset Management (BFAAM), with an equity investment of USD 5 million. This investment will allow BFAAM’s Kimbo Fund to invest in businesses with high growth potential that generate income and are tackling key challenges in the local market aligned with the national economic diversification programme, including downstream agribusiness and logistics.
More
Member News
27 August 2024
Norfund & FMO platform invests in Omnisient
The USD 7.5 million ‘Series A’ investment will support data privacy and collaboration platform Omnisient’s mission to grow financial inclusion across Africa and beyond.
More
Member News
15 August 2024
Climate Resilient Africa Fund invests in Sea Gardener
CRAF has invested in Sea Gardener Inc., a company that taps into a $1 billion opportunity, re-imagining shellfish export from North Africa to the world
More
Member News
13 August 2024
Oikocredit invests to reduce global financing gap for smallholders
Social impact investor Oikocredit and the IDH Farmfit Fund have announced a partnership aimed at reducing the global financing gap for smallholder farmers. The two organisations have signed a collaboration agreement, committing to creating synergies in their sourcing and investment transactions. By aligning their approach and intensifying their collaboration, the Farmfit Fund and Oikocredit will create efficiencies that accelerate impact for smallholder farmers.
More
Member News
12 August 2024
AfDB Sustainable Energy Fund for Africa invests US$10mn to KawiSafi II clean-energy Fund
The Board of Directors of the African Development Bank Group has approved a $10 million junior equity investment in the KawiSafi II Fund to help local businesses create and expand climate projects that aid vulnerable communities. The approved financing will be deployed from the Sustainable Energy Fund for Africa (SEFA), a catalytic financing facility managed by the Bank Group. 
More
Member News
7 August 2024
Adenia exits leading African payment system provider
Adenia, a leading private equity firm focused on growth opportunities in Africa, has finalized the sale of its 100% equity stake in OMOA Group (“OMOA”) to SPE Capital, a private equity firm focused on the Middle East and Africa. Founded in 1999, OMOA is the leading integrated service provider for the payments industry in West and Central Francophone Africa. The sale of OMOA is the eighth and final exit from Adenia’s €96 million fund Adenia Capital (III), which is now fully liquidated.
More
Member News
6 August 2024
African Infrastructure Investment Managers (AIIM) reach final close for African Infrastructure Investment Fund 4
African Infrastructure Investment Managers (AIIM) closes African Infrastructure Investment Fund 4 (AIIF4) at hard cap with USD748m in commitments plus an additional USD206m in co-investments, for a total of USD954m
More
Member News
1 August 2024
British International Investment co-leads US$200mn investment in Helios CLEAR Fund 
Catalytic backing from the United Kingdom has enabled the Helios Climate, Energy Access, and Resilience (CLEAR) Fund to raise approximately $200 million in its first close for investment in African businesses focused on climate mitigation and adaptation. The Fund, managed by Helios Investment Partners, intends to become the largest Africa-focused climate fund with a target size of $400 million.
More
Member News
1 August 2024
Proparco invests €20mn in Amethis Fund III to support African medium-sized enterprises
Proparco and Amethis continue their long-standing collaboration in support of the African private sector. This new investment by Proparco in the Amethis Fund III ("AF III") aims to support African medium-sized companies that provide quality goods and services on the continent.
More
Member News
31 July 2024
Old Mutual Alternative Investments invests to strengthen South Africa's food security
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
29 July 2024
Swedfund invests US$10mn to support SMEs in Africa
Swedfund, Sweden’s development finance institution, has invested USD 10 million in Inside Equity Fund II, aiming to support small and medium-sized enterprises (SMEs) with impactful and innovative solutions in Zambia, Madagascar, Mauritius, Tanzania, Malawi and Mozambique.
More
Member News
23 July 2024
Adenia Partners invests in pan-African growth with acquisition of Air Liquide subsidiaries
Adenia Partners “Adenia” has completed the acquisition of Air Liquide's operations in 12 African countries, giving birth to Erium, the first pan-African leader in industrial and medical gases.
More
Member News
22 July 2024
Kuramo Capital Management to lead US$1bln Nigeria Wholesale Impact Investment Fund
Impact Investors Foundation (IIF) is proud to announce the appointment of Kuramo Capital Management as the official fund manager for the Nigeria Wholesale Impact Investment Fund (WIIF). This strategic partnership marks a significant milestone in Nigeria's journey towards sustainable development and impactful investment.
More
Member News
21 July 2024
Sango Capital acquires majority stake in Synergy Private Equity Fund
Sango Capital has acquired a majority of the Limited Partner (“LP”) interests in Synergy Private Equity L.P. (“the Fund”). Synergy Managers (Mauritius) Limited will continue as the General Partner (“GP”) of the Fund, whilst Sango will support the GP in value creation- and liquidity initiatives.
More
Member News
19 July 2024
Metier reaches final close for Metier Capital Growth Fund III
Metier announced the final close for Metier Capital Growth Fund III on Friday 19 July 2024, raising over $219 million exceeding its targeted fund size of $200 million. “We are pleased with the support shown by our investors to Metier and for this result given the tough fundraising climate the African private equity industry is experiencing”, said Paul Botha, CEO and Co-founder of Metier.
More
Member News
18 July 2024
Kasada exits Ibis Douala to Christina Hotel
Kasada, the leading independent real estate private equity platform dedicated to delivering attractive sustainable value across the hospitality sector in Africa, announces the sale of the Ibis Douala located in Bonanjo, a key business district of the city of Douala, in Cameroon to Christina Hotel, part of the Bocom Group.
More
Member News
18 July 2024
Aruwa Capital invests in hibiscus processing to support women farmers
Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, is pleased to announce an additional investment into AgroEknor International (“AgroEknor”or the “Company”), a fast-growing hibiscus flower exporter and wellness brand.
More
Member News
16 July 2024
FMO leads US$295mn loan facility for Access Bank
Metier announced the final close for Metier Capital Growth Fund III on Friday 19 July 2024, raising over $219 million exceeding its targeted fund size of $200 million. “We are pleased with the support shown by our investors to Metier and for this result given the tough fundraising climate the African private equity industry is experiencing”, said Paul Botha, CEO and Co-founder of Metier.
More
Member News
15 July 2024
EQ2 Ventures co-leads $1.4mn seed round for Kenyan personalizsd skincare expansion
EQ2 Ventures is at the forefront of a significant investment in the beauty sector, leading a $1.4 million seed funding round for Uncover, a Kenyan innovator in personalised skincare. This strategic funding will fuel Uncover's expansion into the United States, Ghana, and Uganda, underscoring EQ2 Ventures' commitment to supporting groundbreaking African startups with global ambitions.
More
Member News
11 July 2024
IFC co-leads US$40mn facility for women-led SMEs in Côte d'Ivoire and Senegal
To boost access to financing for small businesses in Côte d'Ivoire and Senegal, particularly those owned and led by women, IFC today announced a Risk-Sharing Facility (RSF) for a total amount of up to $40 million equivalent in West African CFA with Bridge Bank Group Côte d'Ivoire (BBGCI).
More
Member News
10 July 2024
BII invests $20mn to reduce Africa's remittance costs 
Remittance costs for Africa are the highest globally. Reducing remittance costs is critical to increasing capital flow into Africa and building financial resilience. BII’s investment will support an increased volume of remittance transactions into Africa, by pre-funding over $1 billion worth of transactions per year.
More
Member News
10 July 2024
Sanari Capital invests R80mn to expand affordable quality education in South Africa
Sanari Capital, a private equity firm that invests in medium-sized and mid-market growth companies emanating from Africa, has announced a R80 million follow-on investment in EduLife Group. The investment will allow EduLife Group to further entrench their schools in existing regions and expand into other provinces.
More
Member News
10 July 2024
FMO invests US$10mln to support African enterprises
To further empower African enterprises, FMO announced that it will support its long-time partner, the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) through a USD 10 mln investment. FMO is putting in an extra USD 10 million into B-shares, showing its strong commitment since 2010. This new funding will help REGMIFA grow its portfolio across Sub-Saharan Africa, offering crucial financial support to micro, small, and medium-sized businesses, as well as low- and middle-income households through selected financial institutions.
More
Member News
9 July 2024
Oasis Capital Ghana secures $33.3mn in first close of Oasis Africa Fund II
Oasis Capital Ghana, a leading growth capital fund manager focused on West Africa, today announced the successful first close of its US$100 million Oasis Africa Fund II (OAF II). The fund has secured US$33.3 million in capital commitments and expects to raise the remainder by the end of June 2025.
More
Member News
4 July 2024
Swedfund invests €30mn in urban resilience fund  
Swedfund has invested EUR 30 million in The Urban Resilience Fund (TURF), managed by Meridiam, to address the pressing challenges of climate change and urbanisation in Africa, primarily in Sub-Saharan Africa.
More
Member News
2 July 2024
Renew Capital invests in South African agricultural financing startup
Africa’s agricultural sector plays a significant role in the continent's economy, contributing about 35% to the GDP and supporting the livelihoods of nearly half of Africa's 1.4 billion population. Despite its immense potential, agriculture faces a funding gap hindering its growth. Pumpkn, a South African startup, is actively addressing this challenge by offering and facilitating financial support for agribusinesses.
More
Member News
1 July 2024
IFC appoints Martine Valcin as Country Manager for Rwanda, Tanzania, and Uganda
IFC today announced the appointment of Martine Valcin as its new Country Manager for Rwanda, Tanzania and Uganda. With more than 25 years of experience in corporate and sustainable finance, ESG, and capital markets, Valcin will lead IFC's efforts in the three countries to drive private sector development and deliver sustainable and inclusive economic growth.
More
Member News
1 July 2024
Convergence Partners acquires Datacentrix
On 17 January 2024, Datacentrix announced that Convergence Partners, through its Convergence Partners Digital Infrastructure Fund (“CPDIF”), alongside the existing Datacentrix management team, entered into a definitive agreement with Alviva Holdings (Pty) Ltd to acquire 100% of Datacentrix. The agreement was subject to the fulfilment of conditions and regulatory approval. Datacentrix is pleased to announce that all conditions precedent have been met. The Competition Commission and Independent Communications Authority of South Africa have unconditionally approved the transaction.
More
Member News
1 July 2024
Inside Capital Partners achieves first close of US$55mn for its Inside Equity Fund II
Inside Capital Partners (“Inside”) is pleased to announce the successful first close of its second fund, Inside Equity Fund II (“IEF II”), with US$ 55 million in commitments.
More
Member News
27 June 2024
Global Social Impact Investments secures €15mn for SMEs in Sub-Saharan Africa
Global Social Impact Investments SGIIC (GSI), an impact investment fund manager, today announced a 15 million euro investment from the Spanish Agency for International Development Cooperation (AECID). This investment aims to bolster GSI's strategy of investing in high-impact African companies. The funding is channeled through the Development Promotion Fund (FONPRODE), managed by AECID with advisory support from COFIDES, the Spanish Development Finance Institution (DFI), known for financing sustainable and developmental projects worldwide.
More
Member News
25 June 2024
BII commits $75mn to boost MSME climate financing in Africa
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has committed $75 million to the second Green Basket Bond arranged by Symbiotics Investments, a leading emerging markets access platform and financial lender. The green lending programme will increase financing to small-scale green projects across Africa, South and South-East Asia through MSME lenders, with a particular focus on India. It will support new MSME lenders not included in the first Green Basket Bond.
More
Member News
18 June 2024
BII commits up to US$25m for Meridiam's Rift Valley Energy projects in Tanzania
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, today signed an agreement to provide $15m with the potential to increase this to $25m, to renewable energy platform Rift Valley Energy (RVE), owned and managed by Meridiam. The funding will support part of RVE's ambitious investment and development plan for future renewable energy projects in Tanzania.
More
Member News
13 June 2024
Oikocredit partners with AfricInvest Private Credit to boost SME Growth across Africa
Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million (€ 9.3 million) to AfricInvest Private Credit (APC) to augment support for small and medium enterprises (SMEs) throughout Africa.
More
Member News
12 June 2024
DPI announces exit from international facilities services
Development Partners International (“DPI”), a premier investment firm focused on Africa, today announces the sale of International Facilities Services (“IFS”). DPI has signed a binding agreement with a consortium comprising of ES-KO, a global provider of integrated facility support services, Phatisa, a Mauritius based private equity firm, and IFS’s management, to sell 100% of its shares in the company.
More
Member News
11 June 2024
AIIM reaches final close on wind farm projects to power South African mining operations
African Infrastructure Investment Managers (AIIM), a division of Old Mutual Alternative Investments, has reached financial close on the 140MW Khangela and 140MW Umsinde Emoyeni wind farms to supply renewable energy to the operations of Rio Tinto’s Richards Bay Minerals (RBM)  and Sibanye Stillwater via wheeling agreements.
More
Member News
11 June 2024
Renew Capital invests in African beauty industry innovator
Renew Capital is an Africa-focused impact investment firm that backs innovative companies with high-growth potential such as Zuri (myZuri.com), a tech-enabled beauty company that seeks to transform the African beauty industry with high-end, beauty products designed by Africans.
More
Member News
11 June 2024
Admaius Capital Partners acquires leading certified reference materials manufacturer
Admaius Capital Partners (“Admaius”), an Africa focussed private equity investor operating across several growth markets, today announced the acquisition of The Particle Group (“TPG” or “the Company”), one of the world’s leading manufacturers of Certified Ref- erence Materials (“CRM”) for the metals and mining industries.
More
Member News
11 June 2024
AfricInvest acquires stake in East African banking group from BII
AfricInvest, a leading Pan-African Asset Management platform, has acquired a 10.1 per cent stake in I&M Group PLC (‘I&M’), the Eastern African banking group, from British International Investment (‘BII'), the UK’s development finance institution and impact investor. The acquisition was made through East Africa Growth Holding, a special purpose vehicle entirely controlled and formed by AfricInvest.
More
Member News
11 June 2024
British International Investment exits I&M Group with sale to AfricInvest
British International Investment (‘BII'), the UK’s development finance institution and impact investor, has sold its 10.1 per cent stake in I&M Group PLC (‘I&M’), the Eastern African banking group, to AfricInvest, a leading Pan-African Asset Management platform. The acquisition was made through East Africa Growth Holding, a special purpose vehicle entirely controlled and formed by AfricInvest.
More
Member News
10 June 2024
IFC co-partners to expand access to quality healthcare in Africa
IFC and Lenmed Hospital Group (Lenmed) today announced a partnership to increase access to quality healthcare, especially in underserved communities, in South Africa, Botswana, Ghana, and Mozambique.
More
Member News
3 June 2024
TLG co-launches Nigeria's first Naira-denominated Private Debt Fund
FCMB Asset Management Limited (FCMB AM) hosted key professional parties at Primrose Towers in Lagos, Nigeria to sign various transaction documents for the launch of Nigeria’s first Naira-denominated Private Debt Fund, FCMB-TLG Private Debt Fund.
More
Member News
2 June 2024
Janngo Capital and FMO co-invest in Moroccan agritech startup
YoLa Fresh, a Moroccan agritech startup building a transparent and sustainable fresh food supply network, today announced it has secured a $7 million pre-Series A funding round. The round was led by Al Mada Ventures with participation from Algebra Ventures, E3 Capital, Janngo Capital, and FMO, the Dutch entrepreneurial development Bank.
More
Member News
31 May 2024
P1 Ventures and Ventures Platform invest in Nigerian-based financial services company Brass
Nigeria-based financial services company Brass has been acquired by an investment group led by Paystack, with participation from PiggyVest, Ventures Platform, P1 Ventures, and angel investors Oo Nwoye and Olumide Soyombo.
More
Member News
30 May 2024
Adenia Partners exits investment to Uhuru Investment Partners
Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa has successfully exited its entire stake in Cresta Paints (the “Company”) to Uhuru Investment Partners, a middle-market private equity firm focused on investing in West Africa. Cresta Paints, headquartered in Ghana, is a leading player in the automotive refinish and protective coatings sector.
More
Member News
29 May 2024
Janngo Capital leads €4.3mn investment in mobile marketing platform
Janngo Capital's involvement in LAfricaMobile's €4.3 million Series A fundraising round highlights its commitment to investing in companies that leverage technology to enhance communication and marketing capabilities for African businesses.
More
Member News
29 May 2024
EIB Global invests €25mn in Amethis Fund III
The European Investment Bank’s EIB Global arm has invested €25 million in Amethis Fund III, a pan-African fund providing private equity growth capital to medium-sized companies on the continent.
More
Member News
28 May 2024
BII invests US$30mn to support African telecom infrastructure expansion
BII is providing $30mn anchor commitment, alongside other anchor investors including IFC, DEG and the Emerging Africa Infrastructure Fund. The funding will help the independent telecom infrastructure company refinance its existing debt and support its business which serves more than 144 million people on the continent.
More
Member News
22 May 2024
Injaro acquires stake in leading Ghanaian out-of-home advertising firm
Injaro Investment Advisors, a Ghanaian private capital fund manager, is delighted to announce the acquisition by its fund, Injaro Ghana Venture Capital Fund (IGVCF) of Outdoor Holding Limited (OHL), which controls a majority stake in DDP Outdoor Ltd (‘DDP’). Financial terms of the transaction were not disclosed.
More
Member News
21 May 2024
Admaius Capital Partners invests in Senegalese medical school
Admaius Capital Partners (“Admaius”), an Africa-focused private equity investor, today announced the acquisition of 100% of St. Christopher Iba Mar Diop College of Medicine. The medical school, widely-known as ‘St. Christopher’, was founded in 2003 and is based in Dakar, Senegal.
More
Member News
20 May 2024
IFC invests US$45mn to expand Tanzanian glass manufacturer
IFC is supporting the expansion of Tanzanian glass manufacturer Kioo to meet increasing domestic and regional demand for glass bottles and containers, the two entities announced today. The project will create thousands of jobs and contribute to economic growth in Tanzania.
More
Member News
17 May 2024
IFC co-invests US$210mn to expand biofuel production in Kenya
IFC and the Italian Climate Fund today announced a $210 million investment in Eni S.p.A.'s Kenya subsidiary to expand the production and processing of advanced biofuels, supporting the decarbonization of the global transport industry and the livelihoods of up to 200,000 small-scale Kenyan oilseed farmers.
More
Member News
15 May 2024
Alterra Capital leads acquisition of chill beverages with AAA Fund
Alterra Capital Partners has partnered with Mineworkers Investment Company (“MIC”) and Admaius Capital Partners, together the (“Alterra Consortium”), to acquire a majority stake in Chill Beverages (“Chill”) from Old Mutual Private Equity. This acquisition marks the first investment by Alterra’s Africa Accelerator Fund (“AAA Fund”) and demonstrates the Alterra Consortium’s commitment to support African companies in their growth journeys.
More
Member News
14 May 2024
IFC invests US$150mn in economic development projects across Africa
IFC announced a $150 million commitment to four investment and advisory projects that will support economic development in Egypt and other parts of Africa in key sectors including healthcare, trade, and finance.
More
Member News
11 May 2024
XSML achieves first close of US$98.7mn for its African Rivers Fund IV (ARF IV)
XSML Capital, a leading provider of growth capital to SMEs in Central and Eastern Africa, has launched its 4th fund, African Rivers Fund IV (ARF IV), with a first close of US$ 98.7 million. The new funding allows XSML to double its investments and impact over the coming years and follow investees into new markets like Zambia.
More
Member News
9 May 2024
Admaius backs Rwandese telecommunications operator and developer
Admaius Capital Partners (“Admaius”), an Africa focused private equity investor operating across several growth markets, today announced its majority equity investment into TRES Infrastructure Limited (“TRES” or “the Company”), the only local licensed tower owner, operator, and developer of shared telecommunications infrastructure in Rwanda.
More
Member News
8 May 2024
P1 Ventures backs Egypt-based company
P1 Ventures' investment in MNZL's $3.5 million funding round highlights its dedication to supporting innovative ventures that use technology to meet essential financial needs and promote economic growth. MNZL, a pioneering fintech startup, aims to revolutionize the lending landscape in Egypt and the MEA region.
More
Member News
7 May 2024
Ascent Rift Valley Fund II invests in leading East African packaging solutions provider
In a strategic move to bolster growth and expand its market presence, Dune Packaging Ltd, a leading packaging solutions provider in East Africa has announced a significant minority equity investment in its business by Ascent Rift Valley Fund II (“Ascent”), the premier SME focused Private Equity Fund in East Africa (the “Transaction”).
More
Member News
29 April 2024
FMO invests US$10mn in Africa focused VC Fund
FMO, the Dutch entrepreneurial development bank, has committed $10 million to TLcom’s second Africa-focused VC fund, TIDE Africa II, which announced its final close at $154 million on 22 April 2024. In addition to FMO, which is investing through the FMO Ventures Program, other LPs include the European Investment Bank, AfricaGrow, Visa Foundation and Bertelsmann.
More
Member News
25 April 2024
Standard Bank invests in climate infrastructure-focused fund
Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa.
More
Member News
24 April 2024
Mediterrania Capital Partners exits near €1bn milestone
Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces it has completed its exit process from TGCC, a leading construction and civil engineering company based in Morocco.
More
Member News
23 April 2024
Renew Capital in Kenyana B2B platform
Renew Capital recently made an investment in the B2B platform Farm to Feed, which targets unused produce, enhancing sustainability and farmer livelihoods
More
Member News
18 April 2024
TLG provides US$3mn facility to ethical debt collection
TLG Capital, a leading pan-African alternative asset manager, has forged a strategic partnership with BFREE, a pioneering ethical debt collection startup based in Nigeria. With a $3m facility, TLG will empower BFREE to spearhead a transformative shift in ethical loan collection services across the continent.
More
Member News
15 April 2024
Renew Capital investments in Mozambican fintech platform
Renew Capital's recent investment in Mozambican fintech platform Roscas highlights its commitment to empowering underserved communities and enhancing financial accessibility. By backing ventures like Roscas, Renew Capital aims to nurture economic resilience and expand the reach of essential financial services across sub-Saharan Africa.
More
Member News
12 April 2024
Sahel Capital supports agriculture with US$2.4mn investment
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, has successfully approved a US$2.4 million working capital loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility. Launched in 2021 with KfW as the anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them. 
More
Member News
10 April 2024
Injaro invests €2mn in West African packaging leader
Injaro Investment Advisors, a Ghanaian private capital fund manager, is excited to announce a EUR 2M equity investment in Nouvelle Mici Embaci (“NME”), one of the leading packaging companies in Côte d'Ivoire and Francophone West Africa. This marks the second investment made by the Injaro Ghana Venture Capital Fund (“IGVCF” or the “Fund”), and the Fund’s first investment in Côte d'Ivoire.
More
Member News
9 April 2024
Renew Capital invests in Ghana for financial inclusion
Renew Capital has made an investment in Ghana's Affinity, a full-scale digital bank that was established with a vision to provide banking services to 350 million adults who remain unbanked in Africa.
More
Member News
8 April 2024
Africa50, Injaro, and Verdant invest in fintech expansion in Africa
The investment was led by Africa50 and Oikocredit, with participation from Injaro Ghana Venture Capital Fund (IGVCF) and Verdant Capital Hybrid Fund. The transaction also included a follow-on investment from Investisseurs & Partenaires (I&P), through its I&P Afrique Entrepreneurs II (IPAE 2) investment vehicle. The investment will support the expansion of Zeepay’s cross-border remittances and mobile financial services businesses across Africa and the Caribbean.
More
Member News
3 April 2024
Adenia closes oversubscribed $470mn fund for African growth investments
Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has successfully closed its fifth fund, Adenia Capital V (the “Fund”, “AC(V)” or “Fund V”) at its $470 million hard cap. The Fund, which was significantly oversubscribed, attracted commitments from new and existing investors globally.
More
Member News
28 March 2024
Open Society invests US$25mn to boost global climate projects
The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, is committing $25 million to Allied Climate Partners (ACP)—a new and innovative public-private partnership focused on increasing the number of bankable climate projects in emerging markets and developing economies around the world.
More
Member News
25 March 2024
 BII and DPI exit biopharmaceuticals platform
Development Partners International (“DPI”), a premier investment firm focused on Africa, British International Investment (“BII”), the UK government’s Development Finance Institution, and the European Bank for Reconstruction and Development (“EBRD”), announce the sale of 100% of the shares in KELIX bio, a leading emerging markets biopharmaceuticals platform, to Mubadala Investment Company (“Mubadala”), the Abu Dhabi investor with over $276bn in assets under management.
More
Member News
22 March 2024
AfDB, BII, DEG, FMO, IFC and others invest in fertilizer production in Nigeria
IFC today announced a $1.25 billion financing package alongside partners to Indorama Eleme Fertilizer and Chemicals Limited in Nigeria. The investment will allow Indorama to ramp up its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while fostering job creation in Nigeria.
More
Member News
20 March 2024
IFC partners in US$5mn investment to boost African startup ecosystem
To bolster the startup ecosystem in Africa, IFC today announced a $5 million equity investment in P1 Ventures, a pan-African venture capital fund focused on pre-seed and seed stage investments in fintech, health, e-commerce marketplaces, and software.
More
Member News
20 March 2024
lnjaro Investments exits stake in Ghana's oldest animal feed producer
lnjaro Agricultural Capital Holdings Limited ("IACHL" or "the Fund"), the impact investment fund managed by lnjaro Investments ("lnjaro"), is excited to announce the sale of its stake in Ghana's oldest animal feed producer, Agricare Limited ("Agricare") to Flour Mills of Ghana Limited ("FMGL"). This strategic sale represents a full exit from Agricare after a holding period of close to eight (8) years.
More
Member News
19 March 2024
AfricInvest in $100mn series B global mobility fintech deal
AfricInvest recently participated in Moove's $100 million Series B funding round, which included contributions from Uber and Mubadala, valuing Moove at $750 million. This investment reflects AfricInvest's commitment to supporting transformative ventures that enhance financial inclusion and mobility solutions.
More
Member News
19 March 2024
BII, FMO, IFC, Swedfund and Norfund commit to XSML’s African Rivers Fund IV
Norfund, alongside IFC and other DFIs, has committed $15 million to the frontier investor XSML Capital and their new fund – African Rivers Fund IV (ARF IV), bringing total commitments so far to almost $100 million. The investment will address the scarcity of capital towards the SME segment in frontier markets in Africa.
More
Member News
19 March 2024
Admauis Capital Partners invests in Egyptian healthcare and wellness company
Admaius Capital Partners (“Admaius”) (www.Admaius.com), an Africa focussed private equity investor operating across several growth markets, today announced a strategic partnership with Parkville Holding Company B.V. (“Parkville” or the ‘Company’), a leading healthcare and wellness company in Egypt operating across several high-growth sub-segments.
More
Member News
12 March 2024
Sahel Capital supports agricultural development with $590K 
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, has successfully approved a US$590k Term Loan loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility. Launched in 2021 with KfW as the anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them. 
More
Member News
11 March 2024
Aruwa Capital Management co-leads US$3mn investment in diagnostics service provider
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana, is pleased to announce a $1.5 million investment into MDaaS Global (“MDaaS” or the “Company”), a modern, tech-enabled healthcare company enabling clinically underserved communities, access to quality and affordable healthcare and diagnostic services across Africa. The round was co-led by Aruwa Capital Management and Newtown Partners, an existing investor along with participation from Ventures Platform.
More
Member News
11 March 2024
XSML Capital raises US$98.7mn in first close of 4th fund
XSML Capital, a leading provider of growth capital to SMEs in Central and Eastern Africa, has launched its 4th fund, African Rivers Fund IV (ARF IV), with a first close of US$ 98.7 million. The new funding allows XSML to double its investments and impact over the coming years and follow investees into new markets like Zambia.
More
Member News
8 March 2024
Bpifrance co-invests in global technology investment firm
Mubadala Investment Company (“Mubadala”), an Abu Dhabi-based global sovereign investor, and Bpifrance, the French public investment bank, today announced a joint investment in global technology investment firm Partech's latest Africa-focused venture capital fund, Partech Africa II.
More
Member News
4 March 2024
IFC invests US$5mn to support trade development in Guinea
To help boost trade in Guinea amidst local and global challenges, IFC announced a trade finance facility of up to $5 million for Coris Bank International Guinea (CBI Guinea).
More
Member News
28 February 2024
TPG exits Mavin Global to Universal Music Group
TPG has fully exited its investment in Mavin Global as part of Universal Music Group's majority acquisition of the Nigerian independent record label. This transaction underscores TPG's role in supporting Mavin's growth and success in promoting Afrobeats artists globally. The deal, subject to regulatory approval, is expected to close by the end of Q3 2024, marking a significant milestone in Mavin's trajectory within the music industry.
More
Member News
28 February 2024
DEG's €1.9bn investment drives sustainable development impact
Deutsche Investitions- und Entwicklungsgesellschaft mbH ("DEG"), continued to forge ahead in 2023 despite a still challenging environment: It committed a new record volume of EUR 1.9 billion for private investments in developing and emerging countries (2022: EUR 1.6 billion). DEG mobilised a further EUR 613 million from other investors, significantly more than in the previous year (2022: EUR 487 million). The DEG portfolio grew to EUR 10.3 billion.
More
Member News
21 February 2024
AFC investment in AMCE Nigeria
Africa Finance Corporation (AFC), the continent's leading instrumental infrastructure solutions provider, today signed an equity investment term sheet, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital. The visionary 500-bed medical health facility is currently being developed by Africa Export-Import Bank (Afreximbank), the leading trade finance bank for Africa, in partnership with King’s College Hospital, London (KCH). The agreement was signed at the inaugural AMCE African Health Forum in Abuja.
More
Member News
21 February 2024
CardinalStone exits stake to Verod Capital
CardinalStone Capital Advisers (“CCA”), a West Africa focused private equity firm, is pleased to announce that its CardinalStone Capital Advisers Growth Fund (“CCAGF”) has successfully sold its stake in i-Fitness Nigeria Limited (“i-Fitness”), to Verod Capital Management Limited (“Verod”).
More
Member News
21 February 2024
Verod invests in West Africa's top fitness chain
Verod, a leading prominent African investment management firm specialising in private equity and venture capital, has invested in i-Fitness, West Africa’s largest and fastest-growing fitness chain. This investment is the most recent investment from the Verod Capital Growth Fund III, marking the sixth addition to the fund’s portfolio.
More
Member News
15 February 2024
UBS Optimus Foundation and SEDF invests US$20mn in East Africa oxygen project
Hewatele, a medical oxygen producer in Kenya, has secured a 20 million USD funding package from Finnfund, DFC (the U.S. International Development Finance Corporation), SEDF (Soros Economic Development Fund), UBS Optimus Foundation and Grand Challenges Canada. Hewatele will use the debt and equity funds raised to finance the building of a liquid oxygen(LOX) manufacturing facility some 20kms in the outskirts of City of Nairobi, together with regional distribution capacity at key strategic regions within Kenya, while also doubling its existing capacity at hospital-based sites to produce and distribute medical oxygen using pressurized gas cylinders (GOX).
More
Member News
13 February 2024
Injaro announces final close of Ghana Venture Capital Fund
Injaro Investment Advisors Limited is excited to announce the successful final close of its multi-sector Ghana Cedi-denominated private equity fund – the Injaro Ghana Venture Capital Fund (IGVCF). The Fund, which is backed by local pension funds, achieved a final close with an AUM of GHS 216M on December 29, 2023.
More
Member News
12 February 2024
Swedfund's investment fuels financial inclusion in West Africa
Swedfund invests USD 5 million in a loan to Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African group active in five industries, across twelve countries. The investment is directed towards Bridge Bank Microfinance to strengthen financing for micro, small and medium sized enterprises (MSMEs) and is expected to enhance financial empowerment of women in Côte D'Ivoire.
More
Member News
12 February 2024
Amethis invests in North African data management consultancy firm
Amethis completes a minority investment in BBI, the leading data management consultancy firm in the MENA region.
More
Member News
8 February 2024
Sahel Capital Provides US$1.5mn trade finance
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, has successfully approved a US$1.5 million Trade Finance loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility. Launched in 2021 with KfW as the anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
More
Member News
7 February 2024
Sahel Capital supports smallholder farmers with US$1.5mn
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, has successfully approved a US$1.5 million Trade Finance loan from its Social Enterprise Fund for Agriculture in Africa (SEFAA) facility. Launched in 2021 with KfW as the anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them. 
More
Member News
7 February 2024
EIB invests €115mn in MEDZ for Moroccan technology park expansion
The EIB is providing €115 million (approximately MAD 1.3 billion) to MEDZ, a wholly owned regional development subsidiary of CDG Group, to expand and modernise ten technology parks strategically located in five Moroccan regions. This financing reaffirms EIB cooperation with CDG Group.
More
Member News
5 February 2024
Old Mutual announces investment in Afropulse Group
Old Mutual Alternative Investments (OMAI), through its Hybrid Equity capability, a specialist in innovative financial solutions, today announced a transformative R125 million preference share facility to Afropulse Group, a wholly black women-owned investment holding company, to restructure its funding, which is backed by an equity interest in Imperial Logistics South Africa, one of the country’s largest logistics firms.
More
Member News
1 February 2024
Avanz Capital takes stake in Egyptian-based Bosta
Avanz Capital Egypt (ACE), the Egyptian private capital arm of Avanz Capital Management, and the General Partner of Avanz Manara for Private Equity (Avanz Manara) announced the investment in Bosta through Avanz Manara alongside other reputable institutional private capital firms. This investment aligns with the Avanz Manara mandate of supporting the growth of small and medium enterprises (SMEs) in Egypt by making direct co-investments in SMEs or investing in SME focused private equity and venture capital funds.
More
Member News
1 February 2024
DLA Piper appoints new Managing Partner for Nigeria office
DLA Piper Africa’s Nigeria office (Olajide Oyewole LLP) has announced the appointment of Mrs Bola Tinubu as its Managing Partner, effective 1 January 2024. Bola succeeds Mr Tunde Oyewole who will now serve as Chairman of the Nigeria Firm’s Board.
More
Member News
30 January 2024
Joliba Capital's maiden fund hits EUR€89mn
Joliba Capital, an African private equity firm majority-owned by LBO France, a multi-specialist and multi-country investment platform, and founded by two seasoned African investment professionals Hamada Touré (Managing Partner) and Yann Pambou (CEO & Managing Partner), is pleased to announce a first close of its inaugural fund, Joliba Capital Fund I, at EUR 89 million.
More
Member News
30 January 2024
Swedfund Invests in SME growth in francophone Africa
Sweden’s Development Finance Institution, invested 15 MEUR Joliba Capital Fund I. The investment will enable growth of small and medium sized companies which are key for private sector growth and job creation in the least developed regions of Francophone Africa.
More
Member News
25 January 2024
FMO invests US$10mn in clean energy distribution in Africa
FMO, the Dutch Entrepreneurial Development Bank, has provided climate fintech platform Nithio with a USD 10 mln in funding for its investment vehicle, FAIR: the Facility for Adaptation, Inclusion, and Resilience. FAIR provides financing to companies offering clean energy solutions to households and small enterprises in Africa.
More
Member News
25 January 2024
UBS Optimus Foundation finalises seed funding round
Elucid, aBerlin-based sustainability tech firm, is excited to announce the successful close of its Seed II funding round. Following the first closing of the round in August 2023, the recent investment from UBS Optimus Foundation marks the finalization of Elucid's seed funding round. This investment will help scale Elucid’s geographical reach in Africa and South America, strengthen its central team, and further enhance its digital platform.
More
Member News
25 January 2024
Renew Capital invests in Sawa Energy
Renew Capital has invested in Sawa Energy, a pioneering company in East Africa focused on democratizing access to solar power for small and medium-sized enterprises. By eliminating upfront costs and operational fees, Sawa Energy aims to revolutionize the energy landscape in Rwanda and Uganda.
More
Member News
23 January 2024
IFC invests in Sonatel's securitization for Senegal connectivity
To help expand reliable 4G coverage in Senegal, especially to rural and underserved parts of the country, IFC today announced anchor investments in two bonds issued by a securitization vehicle of Sonatel, a leading mobile network operator in West Africa.
More
Member News
22 January 2024
British International Investment invests in Ghana's eSAL expansion
Growth Investment Partners (GIP) Ghana, a platform created by British International Investment (BII), the UK’s development finance institution and impact investor, today announced its first investment in Ghanaian Business Process Outsourcing (BPO) company E-Services Africa Limited (eSAL). The investment will support eSAL’s growth and its global delivery of cost-effective and high-quality outsourcing solutions for businesses.
More
Member News
12 January 2024
IFC invests US$30mn in AIIM Fund
To boost essential infrastructure development in countries across Africa, IFC announced a $30 million equity investment in the Africa Infrastructure Investment Fund 4 Partnership (AIIF4).
More
Member News
11 January 2024
British International Investment commits US$40mn to Apis Growth Markets Fund III
British International Investment ("BII"), the UK’s development finance institution and impact investor, today underlined its support for fintech entrepreneurs with a $40 million commitment to a new Apis fund – the Apis Growth Markets Fund III (“Apis III”). Apis Partners LLP (“Apis”) is a UK-based private equity firm investing exclusively in high-growth, capital-light, tech-enabled financial services businesses globally.
More
Member News
10 January 2024
EIB invests US$30mn in Seedstars Africa Ventures
Innovative businesses and start-ups across Africa will benefit from better access to risk capital thanks to a US$30 million equity investment by EIB Global in the Seedstars Africa Ventures I venture capital fund. Increased access to capital will allow companies to grow, creating skilled jobs and improving products and services for businesses and consumers.
More
Member News
9 January 2024
Lexington Partners raises $22.7bn for global secondary fund
Lexington Partners (“Lexington”), a leading manager of secondary acquisition funds, today announced the completion of fundraising for Lexington Capital Partners X, L.P. (“LCP X”) with $22.7 billion of total capital commitments. The fund surpassed its $15 billion fundraising target and significantly exceeded Lexington’s prior secondary fund, LCP IX, which closed on $14 billion in 2020.
More
Member News
9 January 2024
British International Investment co-leads €14mn loan 
British International Investment (BII), the UK development finance institution (DFI) and impact investor, has committed a senior loan of €14 million to COFINA Côte d’Ivoire, a specialist meso-finance lender, to support the growth of Micro-, Small- and Medium-sized Enterprises (MSMEs) and advance gender finance.
More
Member News
9 January 2024
Africa50 reaches first close with US$222.5mn
Africa50 Group, the pan-African infrastructure investment platform announced today the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023 - securing $222.5 million in commitments.
More
Member News
8 January 2024
IFC commits €300m loan for renewable energy expansion.
The International Finance Corporation (IFC) announced today a green and sustainability-linked loan (SLL) of €300 million (equivalent to $329 million) to Iberdrola. IFC's loan will finance renewable energy projects in emerging markets, including a number of countries that currently rely heavily on coal, such as Morocco, Poland, and Vietnam. IFC has already committed a first tranche of €170 million, which will finance onshore wind projects in Poland.
More
Member News
8 January 2024
Norfund partners to provide financing for power transmission and distribution
Norfund has partnered with Affirma Capital and KLP to provide financing for CEC, an independent power transmission and distribution company in Zambia.
More
Member News
8 January 2024
Alitheia Capital joins the United Nations Global Compact initiative
Alitheia Capital, a pioneering impact investing firm based in Lagos, Nigeria, has today announced that it has joined the United Nations Global Compact — a voluntary leadership network for the development, implementation, and disclosure of responsible business practices. 
More
Member News
2 January 2024
EIB commits €400mn in renewable energy transition
The European Investment Bank (EIB) has committed €400 million to support a significant new investment for MYTILINEOS Energy and Metals (MYTILINEOS), which will accelerate renewable energy production across Greece and other EU states.
More
Member News
28 December 2023
Amethis acquires major stake in Capital Banking Solutions
Amethis takes a majority stake in Capital Banking Solutions, a European player in the banking software market, in order to accelerate its international development.
More
Member News
22 December 2023
Swedfund invests US$32mn in emerging markets fund, serving low- and middle-income consumers 
Swedfund invests USD 32 million in Apis Growth Markets Fund III, a fund serving low- and middle-income consumers across Africa, South and Southeast Asia.
More
Member News
22 December 2023
AXIAN Energy receives US$30mn commitment from EAIF
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$ 30 million senior secured loan facility to AXIAN Energy, as part of the company’s expansion plan to deliver more than 460 Megawatt (MW) of utility-scale renewable energy generation capacity across Africa over the next decade.
More
Member News
21 December 2023
IFC co-invests US$455mn to Expand Egypt’s Damietta Port
IFC today announced an investment in a second container terminal at Egypt's Damietta Port that is expected to triple the port's capacity when complete in 2025, supporting trade and economic activity in the region and creating thousands of direct and indirect jobs during the construction and operational stages.
More
Member News
18 December 2023
British International Investment commits US$15mn to NMB Bank’s sustainability bond
British International Investment (BII), the UK’s development finance institution and impact investor, announced its anchor commitment of $15 million equivalent in Tanzanian Shilling to NMB Bank’s (NMB) inaugural sustainability bond offering, known as the NMB Jamii Bond.
More
Member News
15 December 2023
TLG Capital launches $5mn debt facility for Flow 48 
Global private investment firm, TLG Capital (TLG), today announced a debt facility of up to $5.0 million in Flow 48, anearly-stage FinTech company at the forefront of redefining Alternative Finance in Africa. Flow 48 introduces an automated and integrated platform providing clients access to financing based on their revenues. This investment underscores TLG's commitment to fostering innovation in lending to provide African SMEs access to capital. 
More
Member News
12 December 2023
Proparco and DEG strengthen partnership with MCB
To support the scaling of climate finance in Mauritius, Proparco and DEG announced a new partnership with The Mauritius Commercial Bank Ltd (MCB) to support the bank in expanding its climate finance offering in Mauritius and Sub-Saharan Africa.
More
Member News
11 December 2023
British International Investment invests in Nigeria cashew processing expansion
British International Investment announces new investment to expand cashew processing and warehousing facilities in Nigeria.
More
Member News
5 December 2023
British International Investment announces climate finance investment at COP28
British International Investment, the UK’s development finance institution and impact investor, announced six new climate finance investments today.  The commitments, totalling $55 million, which were first announced by UK Prime Minister Rt Hon Rishi Sunak MP in his COP28 speech on Friday, underline the DFI’s accelerating commitment to providing climate finance to support those countries most vulnerable to the impacts of the climate emergency.  
More
Member News
5 December 2023
DEG invests USD50mn to Emerging Markets Infrastructure Fund II (EMIF II)
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is investing in the transition to a climate-friendly economy with a contribution of USD 50 million to the Emerging Markets Infrastructure Fund II (EMIF II) managed by A.P. Moller Capital. The fund will focus on investments in transport infrastructure and renewable energy in selected high growth markets in South and South East Asia and Africa that resolve local logistical bottlenecks and generate green electricity.
More
Member News
30 November 2023
White & Case advises on sale of Khoemacau copper mine for US$1.875bn
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
29 November 2023
British International Investment invest ZAR125 million (US$6.7mn ) in 140MW wind farms
British International Investment today announced a ZAR125 million ($6.7 million ) investment in two 140MW wind farms in the Northern and Eastern Cape of South Africa. The new funding was trailed at a business reception in Cape Town hosted by BII and the UK’s development finance institution (DFI) and impact investor, while they celebrated 75 years of investing for impact in Africa.
More
Member News
29 November 2023
Africinvest, Amethis, Proparco and IFC acquire a majority stake in Netis
A consortium of investors including Africinvest, Amethis, Proparco and the International Finance Corporation (IFC) has acquired a majority stake in Netis, a leading pan-African telecommunication infrastructure service provider.
More
Member News
27 November 2023
DPI and Verod Capital partner to back Pan African Towers
Pan African Towers (PAT), a leading digital infrastructure company based in Nigeria, has announced a strategic investment from Development Partners International (DPI), a premier investment firm focused on Africa, and Verod Capital (Verod), one of the continent’s leading investment management firms. DPI and Verod are investing in PAT to fuel its continued growth and will work with management to build on the company’s recent achievements and reaffirm its position as Nigeria’s largest homegrown digital infrastructure provider.
More
Member News
22 November 2023
IFU invests €21mn to expand healthcare in Morocco
To increase access to affordable healthcare in Morocco, IFU has invested EUR 21 million in ODM, a leading healthcare provider in the country. The investment will serve a dual purpose, enabling ODM to expand its existing network and diversify its service offerings, thus contributing to the realization of Morocco's broader national healthcare strategy. IFU’s investment is made on behalf of the Danish SDG Investment Fund, which is backed by IFU, large Danish pension funds and private investors.
More
Member News
22 November 2023
Africa50 and AfricInvest co-lead investment in Africa Healthcare Network
Africa Healthcare Network (AHN), a leading provider of dialysis services in Africa, has secured $20 million in equity and debt funding, from Africa50 and AfricInvest, two leading African institutions, and Tokyo-based Ohara Pharmaceutical Co., Ltd.
More
Member News
21 November 2023
Mediterrania Capital Partners welcomes Bpifrance to MC IV fund
Mauritius. Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, is pleased to announce that Bpifrance will be joining the MC IV fund to support mid-cap companies in North and Sub-Saharan Africa. Bpifrance will invest through Averroès, its Funds of funds dedicated to Africa.
More
Member News
17 November 2023
Catalyst exits 4 utility scale solar PV projects
Catalyst is proud to announce the successful sale last summer of 90% of the Catalyst MENA Clean Energy Fund (CMCF) portfolio. The sale of 4 utility scale solar PV projects located in Jordan and Egypt were sold as a portfolio to an international strategic buyer, resulting in top quartile returns. Catalyst’s investors are primarily EU Governments. Catalyst has made a significant impact on the renewable energy landscape by developing some of the MENA region’s first utility scale solar PV projects, across Jordan and Egypt.
More
Member News
14 November 2023
Ventures Platform co-leads investment in Shekel Mobility
Operating within this strategic domain is YC-backed Shekel Mobility. The B2B auto dealers marketplace has secured over $7 million in funding, comprising $3.2 million in equity and over $4 million in debt.
More
Member News
13 November 2023
Convergence Partners co-leads US$25mn investment in CSquared with IFC
Successful equity raise from new and existing shareholders enhances CSquared’s ambition to create a Digitally Connected Africa via significant infrastructure rollout. The new investment in CSquared by Convergence Partners Digital Infrastructure Fund (“CPDIF”) and IFC also results in streamlining of CSquared ownership structure.
More
Member News
9 November 2023
Mediterrania Capital IV receives €15mn commitment from British International Investment 
Mauritius. Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, is pleased to announce that British International Investment(BII), UK’s development finance institution and impact investor, will be investing €15 million in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
More
Member News
8 November 2023
Oikocredit invest in Good Nature Agro
Amersfoort, the Netherlands – Social impact investing cooperative Oikocredit has joined with co-investors Goodwell Investments and Global Partnerships/Eleos Social Venture Fund to provide US$ 8.5 million in equity to Zambian social enterprise Good Nature Agro.
More
Member News
7 November 2023
British International Investment partially exits TVS ILP
BII’s investment led to the implementation of green building practices across all TVS ILP’s warehouses in India. BII remains as significant minority stakeholder to support TVS ILP’s growth plans
More
Member News
5 November 2023
Flat6lab raised funding up to SAR2.4mn
Riyadh Valley Company, the investment arm of King Saud University and a prominent player in the investment landscape of Saudi Arabia, is delighted to announce its strategic investment in Flat6Labs’ Startup Seed Fund, a move that solidifies its commitment to supporting the growth and development of the region’s vibrant startup ecosystem.
More
Member News
2 November 2023
Africa Finance Corporation exits equity stake in Ghana’s Takoradi Port
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding. This is testament to the Corporation’s ability to attract international 3rd party capital and exit strategic infrastructure assets built by derisking through AFC’s unique project development and construction offering.
More
Member News
1 November 2023
British International Investment commits US$26.5mn to address food security
 British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers. The investment will support structural improvements in Africa’s agricultural industry, which will significantly benefit smallholder farmers and lead to improvements in food security.
More
Member News
31 October 2023
Savant Venture Fund co-investment in BurnStar Technologies
Sibanye-Stillwater, a multinational mining and metals group with a diverse portfolio of projects and investments across five continents, and Savant Venture Fund, a leading sustainable technology and engineering investment firm, are proud to announce their strategic investment in BurnStar, a pioneering South African clean hydrogen company. This collaboration marks a significant milestone in South Africa’s journey toward a sustainable energy future, centered around the production of Guilt–Free (Turquoise) Hydrogen™.
More
Member News
30 October 2023
Injaro Investments IGVCF makes US$2mn investment in Zeepay
Injaro Investment Advisors, a Ghanaian private capital fund manager, is delighted to announce a USD 2M equity investment in the Series A.5 round for Zeepay Ghana Limited (‘Zeepay’). In this inaugural investment of its Injaro Ghana Venture Capital Fund (“IGVCF” or the “Fund”), Injaro joins a consortium of international investors for the current fundraising round.
More
Member News
30 October 2023
Exeo Capital’s Agri-Vie II Fund injects US$10mn into Ugandan diary production
The African continent is becoming a net exporter of food and now, propelled by the African Continental Free Trade Area (AfCFTA), the agricultural sector could provide the impetus needed to boost Africa’s domestic processing capacity and reap far-reaching economic rewards. These favourable prospects bode well for food processing businesses like Amos Dairies Limited – the most recent investment by EXEO Capital’s Agri-Vie Fund II.
More
Member News
23 October 2023
Proparco joins FMO in US$43mn investment in Husk
Husk Power Systems (Husk), the leading minigrid company serving rural communities in Sub-Saharan Africa and South Asia, has secured a new round of equity investment totalling $43 million. New investors include STOA, which led the round, the U.S. International Development Finance Corporation (DFC), and Proparco, with follow-on investments from existing shareholders including Swedfund and FMO. The funding will accelerate the rollout of minigrids in rural and peri-urban Nigeria and India, enabling increased access to clean, affordable, reliable, and modern energy.
More
Member News
17 October 2023
African Development Bank backs Africa’s first Sustainable Panda Bond
Egypt has successfully issued a 3-year Sustainability Panda Bond worth  RMB 3.5 billion ($478.7 million). The North African nation is the first on the continent to do so, a move that underscores its commitment to access previously untapped sources of capital to drive economic growth.
More
Member News
16 October 2023
The Energy Entrepreneurs Growth Fund (EEGF) exceeds target, successfully closing at US$125mn
The Energy Entrepreneurs Growth Fund (EEGF), an initiative led by Shell Foundation, a UK-registered charity, in collaboration with FMO, the Dutch entrepreneurial development bank, successfully closed its fundraising period on 31 July 2023 with commitments totaling US$125 million, a remarkable leap from its initial round which closed at US$45 million. This achievement signifies a pivotal step towards the goal of extending access to clean energy solutions in underserved regions within Sub-Saharan Africa.
More
Member News
16 October 2023
AfricInvest and Verod Capital acquire stake in iSON Xperiences
16 October 2023: Verod Capital and AfricInvest have partnered to acquire a majority stake in iSON Xperiences, a leading ICT solutions provider. Established in 2010, iSON Xperiences specialises in delivering business process outsourcing (BPO), business process management, and digital customer experience solutions across Africa, the United Arab Emirates, and India. The company serves more than 500 million end-users spanning diverse sectors such as Telecom, Financial Services, Energy & Utilities, Media & Entertainment, Aviation, Retail and E-commerce. iSON Xperiences employs over 18,000 individuals across 19 countries, including 16 in Africa.
More
Member News
13 October 2023
IFC invests US$50mn in new LeapFrog fund
Nairobi, Kenya, October 6, 2022 —IFC today announced an investment in a new fund by LeapFrog Investments, one of the largest private equity groups dedicated to impact investing in emerging markets, to improve fast-growing health and financial services firms' access to growth capital and support job creation in Africa, South Asia, and Southeast Asia
More
Member News
11 October 2023
Alitheia IDF invests US$5mn to revolutionise South Africa's textile industry.
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
10 October 2023
Adenia has acquired a majority stake in Enfin
Adenia Partners (“Adenia”), a private markets investment firm committed to responsible investing and a sustainable Africa, has completed a majority investment in Enfin, a solar financing solutions provider serving commercial and industrial clients across South Africa, as the first investment from its fifth flagship fund (“Adenia V” or “the Fund”).
More
Member News
8 October 2023
Renew Capital invest in micro insurance platform, Jamii.one 
Ethiopia, September 28, 2023 — Driving towards financial inclusion for communities across Ethiopia, Renew Capital Angels has partnered with Jamii.one, a trailblazer micro-insurance platform for the African landscape.
More
Member News
6 October 2023
Aruwa Capital provides US$20,000 grant to Taeillo
Aruwa Capital Management and Taeillo are empowering Women for a Brighter Tomorrow Aruwa Capital Management in partnership with Ford Foundation is pleased to have provided a $20,000 grant to Taeillo to ensure more women are brought into skilled roles in furniture production. Aruwa Capital Management and Taeillo have embarked on an inspiring journey in collaboration with Impact HER Africa to launch a Women Empowerment Program (TWEP) with a clear mission to equip 20 remarkable women with essential skills over the next 3 months.
More
Member News
6 October 2023
Oasis Capital Ghana exits legacy girl's college
Accra, Ghana - Oasis Capital Ghana, an SME growth equity investor in West Africa, is delighted to announce the successful exit of its holdings in Legacy Girls College (LGC), a leading educational institution based in Ghana catering exclusively to female students. This achievement marks a significant milestone as it represents the first complete exit from the Oasis Africa Fund I.
More
Member News
5 October 2023
Sanari reaches US$65mn in second close for growth fund
Sanari Capital, a women-led and majority Black- and women-owned South African private equity firm, has successfully raised R1.25 billion (approximately $65 million) for its growth fund. The fund is poised to play a pivotal role in fuelling employment opportunities and fostering economic growth in South Africa and across the African continent. This marks the second closing for the Sanari 3S Growth Fund as the firm edges closer to its goal of reaching a final close equivalent of up to $100 million.
More
Member News
4 October 2023
CrossBoundary partners to scale scale battery swapping services across Nigeria 
CrossBoundary Access and Mobile Power are announcing a $10 million partnership to deploy MOPO Hubs in Nigeria, providing energy access to 300,000 people using an innovative battery service. CrossBoundary Access has committed an initial $2.25 million for the transaction, with the option to extend up to $10 million.
More
Member News
4 October 2023
Alterra has announced the first close for the Alterra Africa Accelerator Fund (AAA Fund)
Alterra announced the first close for the Alterra Africa Accelerator Fund, raising US $140mn. Further commitments are expected to raise as much as the targeted fund cap of $500 million.
More
Member News
27 September 2023
Amethis invests in Energy Transfo
Amethis is pleased to announce that it has acquired a minority stake in Energy Transfo, a major player in the design and manufacture of solutions for the electricity and renewable energy sectors in Morocco.
More
Member News
26 September 2023
Alitheia IDF leads investment in Lupiya
Zambian fintech Lupiya has raised $8.25 million in a Series A funding round led by Alitheia IDF Fund, with participation from INOKS Capital SA and the German Investment Bank KfW DEG.
More
Member News
26 September 2023
AIIM expands temperature-controlled logistics platform with acquisition of Sequence Logistics
Commercial Cold Holdings (CCH), a leading cold chain logistics platform controlled by funds managed by African Infrastructure Investment Managers (AIIM) a subsidiary of Old Mutual Alternative Investments, is achieving significant milestones in its expansion within the temperature-controlled logistics industry.
More
Member News
26 September 2023
IFC invests in E-Commerce Platform ANKA to support Africa’s creative artisans
An IFC investment into leading African e-commerce platform ANKA will support the growth of thousands of small and women-led artisanal businesses, strengthening Africa's creative industries and its growing online retail sector.
More
Member News
25 September 2023
Amethis invests in HB Aesthetics to accelerate MEA expansion  
Amethis Europe Expansion invests in HB Aesthetics, a European player in the cosmetics market, in the context of a primary LBO alongside its chairman and founder Raphaël Chauchard-Rios
More
Member News
25 September 2023
Mediterrania Capital IV receives a €20mn commitment from Cassa Depositi e Prestiti S.p.A. (CDP Group)
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, is pleased to announce that Cassa Depositi e Prestiti S.p.A. (CDP Group) will be investing €20 million in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
More
Member News
22 September 2023
Metier announces first close of Metier Capital Growth Fund III 
Metier announced the first close for Metier Capital Growth Fund III, raising just over $182 million, with further commitments expected by final close positioning Metier to exceed its targeted fund size of $200 million.
More
Member News
21 September 2023
Mediterrania Capital IV receives a €30mn commitment from EBRD
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, is pleased to announce that the EBRD will be investing up to €30 million in the new MC IV fund to support mid-cap companies in North and Sub-Saharan Africa.
More
Member News
20 September 2023
ARAF and Alitheia Capital co-leads US$10.4mn investment in Complete Farmer
Complete Farmer, an end-to-end digital, agricultural marketplace that connects African farmers and global industries to competitive markets, resources, data, and each other on a single platform, raises $10.4 million in a Pre-Series A funding round of equity and debt. The equity portion of the round was co-led by the Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital via its uMunthu II Fund in partnership with Goodwell Investments, who were joined by Proparco, Newton Partners and VestedWorld Rising Star Fund. Debt financing was provided by Sahel Capital’s SEFAA (Social Enterprise Fund for Agriculture in Africa) Fund, Alpha Mundi Group through its Alpha Jiri Investment Fund and Global Social Impact Investments, to fund both CAPEX and working capital investments in support of short and long-term growth.
More
Member News
13 September 2023
TPG to invested US$336MN in Denodo
Denodo (the “Company”), a leader in data management, and TPG (NASDAQ: TPG), a global alternative asset management firm, today announced that they have signed a definitive agreement for TPG Growth, the firm’s middle market and growth equity platform, to invest $336 million in Denodo’s Series B preferred equity. The transaction, which includes both primary capital and a secondary sale of shares by HGGC, is expected to close in early October following customary regulatory approvals. HGGC, which invested in Denodo’s Series A investment round in 2017, will remain a significant investor.
More
Member News
13 September 2023
Alitheia IDF backs Rentoza
Rentoza, a South African-based online subscription platform, recently secured a significant boost in funding with investments totalling $6 million from two prominent funders. The funding round was led by Alitheia IDF and included the Vumela Enterprise Development Fund. 
More
Member News
13 September 2023
Joliba Capital reaches first close for West and Central Africa fund
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
12 September 2023
Adiwale Fund I acquires a minority stake in Global Action
Adiwale Fund I announces a minority equity investment in Global Action, a growing consumer goods distribution company in Senegal. Global Action was founded in 2014 by Moussa Mboup, a Senegalese businessman with over 35 years' experience in wholesale and retail distribution. The company is a significant player in wholesale distribution in Senegal with customers in several regions of the country.
More
Member News
8 September 2023
AfDB's Sustainable Energy Fund for Africa raises US$50mn in new commitments from Germany and USA at Africa Climate Summit
The African Development Bank's Sustainable Energy Fund for Africa (SEFA) welcomes approximately $50 million in new funding contributions from Germany and the United States. The contributions will serve to boost its position as one of the continent's leading climate finance facilities.
More
Member News
5 September 2023
Renew Capital invests in FlexPay
FlexPay’s "save now, buy later" platform allows customers to purchase products over time, interest-free, by setting personal savings goals. They provide customers with greater financial flexibility and purchasing power by collaborating with merchants to facilitate flexible payment options for high-value goods and services. 
More
Member News
4 September 2023
Kasada acquires former Radisson Blu Hotel & Residence in Cape Town
Kasada, the leading independent real estate private equity platform dedicated to the hospitality industry in Africa, is pleased to have acquired the former Radisson Blu Hotel & Residence, the 214-room hotel in the center of Cape Town from a local real estate investment company.
More
Member News
4 September 2023
Kasada aquires Cape Town Hotel
Port Louis, Mauritius, 4 September 2023 – Kasada, the leading independent real estate private equity platform dedicated to the hospitality industry in Africa, is pleased to have acquired the former Radisson Blu Hotel & Residence, the 214-room hotel in the center of Cape Town from a local real estate investment company.
More
Member News
4 September 2023
FMO jointly invests US$12mn in Okra Solar
Okra Solar, known for pioneering mesh-grid technology, has just closed their Series-A round of financing to scale mesh-grid technology - with more than $12M of fresh financing including debt and equity with $7.85M raised on equity led by At One Ventures, along with FMO, Susquehanna Private Equity Investments LLLP, Autodesk Foundation and King Philanthropies. The debt financing was provided by EDFi.
More
Member News
30 August 2023
AfDB backs Triple Jump For Energy Entrepreneurs Growth Fund
In July 2023, the Energy Entrepreneurs Growth Fund (EEGF) signed a US$ 6.5mn concessional loan agreement with the African Development Bank (AfDB) to replenish its facility with EEGF as part of the COVID-19 Off-Grid Recovery Platform (CRP). This patient and risk-tolerant capital funded by the Global Environment Facility (GEF), will be blended with EEGF capital to provide loans on more affordable terms to support a strong recovery and further growth of this emerging industry.
More
Member News
29 August 2023
Sahel Capital enables hibiscus export from Nigeria with a Trade Finance Loan to Sourcing and Produce Limited.  
Sahel Capital, a prominent investor in the food and agriculture sector in sub-Sahara Africa, is thrilled to announce a US$1 million trade finance facility extended to Sourcing and Produce from its Social Enterprise Fund for Agriculture in Africa (“SEFAA”) fund. Launched in 2021 with KfW as the anchor investor, SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
More
Member News
23 August 2023
RH Managers raise R2bn to boost SA’s social and energy infrastructure
In Johannesburg today, 22 August 2023 - RH Managers (RHM), a Johannesburg-based private equity and infrastructure investment firm is on a fund-raising drive for a R2bn Social Impact Fund to boost South Africa’s healthcare and energy infrastructure.
More
Member News
21 August 2023
AIIM invests US$90mn to develop a new Pan-African data center
African Infrastructure Investment Managers (AIIM), a leading African infrastructure private equity manager, and N+ONE DATACENTERS (N+ONE), a leading African data center owner and operator, are joining forces to  develop a new Pan-African data center and cloud services platform with a short-term target capacity of 40 MW. N+ONE will contribute its existing market leading portfolio of digital infrastructure assets and extensive products in Morocco and AIIM will be contributing an initial USD 90 million of growth equity through its latest pan-African infrastructure fund, African Infrastructure Investment Fund 4 (“AIIF4”).
More
Member News
15 August 2023
LoftyInc invests in Emtech
Emtech, an African provider of central banking infrastructure, introduced its Central Bank Digital Currency (CBDC) Innovation kit last month. The kit caters to fintechs and financial service providers interested in experimenting with solutions and business models based on digital currencies pioneered by central banks.
More
Member News
4 August 2023
Verdant Capital raises EUR10mn of debt funding for Bridge Taxi Finance
Bridge Taxi Finance (“Bridge Taxi”), a Mokoro Holdings subsidiary, is a development company offering finance and support products to the minibus taxi industry in South Africa. This includes strategic investments and associations in various industries supporting the developmental finance chain, from taxi finance to logistics, credit solution services, supply of parts, and vehicle servicing.
More
Member News
1 August 2023
Ventures Platform leads Traction App funding round
Micro, small, and medium-sized firms (MSMEs) constitute the backbone of the Nigerian economy, accounting for more than 60% of GDP growth and playing a crucial role in job creation. According to the National Bureau of Statistics, there are over 39 million such firms, and 87% operate informally, meaning they primarily receive cash and perform activities on paper.
More
Member News
1 August 2023
FMO invests US$20mn in Starsight Premier Energy
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
1 August 2023
AFC invests to transform petroleum transportation in Uganda
Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, today announced its investment in Mahathi Infra Uganda Limited, one of East Africa’s largest oil and gas downstream players.
More
Member News
31 July 2023
IFC invests in Metier to boost growth of mid-market companies in sub-Saharan Africa
To support the growth of mid-market companies in sub–Saharan Africa, IFC today announced an equity investment of US$25m in Metier Capital Growth Fund III (MCGF III) as well as a co-investment envelope of US$15mn to invest alongside the fund in select companies.
More
Member News
25 July 2023
AfricInvest’s MPEF IV exits Promamec
Casablanca, July 24, 2023 – AfricInvest is pleased to announce its exit from Promamec, a Moroccan pioneer in the production and distribution of medical devices for the public and private sectors. Founded in 2000, the company has steadily grown to become one of the Moroccan leaders in the provision of a diverse range of medical devices. Thanks to its innovative strategy and dedicated teams, Promamec engaged in exclusive partnerships with several internationally renowned brands allowing the company to cover a wide spectrum of medical specialties.
More
Member News
19 July 2023
Ventures Platform leads $1.25M pre-seed investment in MyCover.ai
Mycover.ai the insurtech startup building Africa’s digital insurance infrastructure, has announced the close of a $1.25 million pre-seed funding round, today, led by Ventures Platform.
More
Member News
15 July 2023
Norfund invests in manufacturing and recycling business in Ghana
The Norwegian Investment Fund for Developing Countries (Norfund) is investing USD 10.5 million in Miniplast Ghana Ltd (“Miniplast”) to support its expansion plans across its manufacturing and recycling segments.
More
Member News
13 July 2023
IFC invests in Amethis Partners’ fund to support African medium-sized businesses
Nairobi, Kenya, July 11, 2023—To support the development of medium-sized companies in Africa across a range of sectors, IFC today announced an investment in the first close of Amethis Partners' Amethis Fund III.
More
Member News
13 July 2023
British International Investment (BII) back 14Trees to accelerate the provision of innovative green building solutions across Africa
Joint venture between Holcim and British International Investment (BII) looks to accelerate access to 3D construction printing from Africa to the world
More
Member News
10 July 2023
Amethis announces the first closing of Amethis Fund III at €140mn
Amethis and Edmond de Rothschild Private Equity announce the first closing of Amethis Fund III at €140 million. The fund will invest with impact in mid-sized companies in the most diversified economies of the African continent. 
More
Member News
7 July 2023
Verod exits CSCS Nigeria
CSCS is a financial market infrastructure platform and is the sole licensee for the central depository and settlement of transactions on the Nigerian Exchange Limited ("NGX"), amongst others.
More
Member News
7 July 2023
African Development Bank invest in BluePeak Private Capital Fund
The Board of Directors of the African Development Bank Group has approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances the Bank’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors, across Africa.
More
Member News
7 July 2023
Flat6Labs and Seedstars International Ventures back Egypt’s Agel in pre-seed funding round
Agel, Egypt’s first and only Islamic FinTech, has announced today that the company has successfully closed the pre-seed round for undisclosed seven-digit figures. The investment round was led by leading MENA-focused venture capital firms, Plus Venture Capital (+VC), Seedstars International Ventures, Flat6labs, with participation from SEEDRA Ventures, Banque Misr Acceleration Program, and prominent angel investors. 
More
Member News
30 June 2023
Verdant Capital funds Patasente Uganda
Verdant Capital is pleased to announce a revolving credit facility for Patasente Uganda (“Patasente”), a digital trade services platform for farmers, warehouses, and factories. The facility will be used to support Patasente’s invoice discounting and supplier financing activities. “Patasente” is a local Swahili and Luganda word that means “Get Money”.
More
Member News
30 June 2023
Verod-Kepple Africa Ventures (VKAV) Invests $1.5M in Chari
Lagos, Nigeria - 29 June 2023: Verod-Kepple Africa Ventures ("VKAV") is pleased to announce its investment of US$1.5 million in Chari, a Morocco-based B2B e-commerce company, to support its growth plan. Simultaneously, Ryosuke (Rio) Yamawaki, Partner at VKAV, has been appointed as a Strategic Advisor to the company, reinforcing their commitment to transforming the informal retail sector and driving economic growth in the region.
More
Member News
29 June 2023
Aruwa Capital Management invests US$2mn in Fastizers: an indigenous snack food and confectionery manufacturing company
Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana is pleased to announce a $2 million investment into Fastizers (the “Company”), a local manufacturer of snack foods and confectioneries in Nigeria.
More
Member News
26 June 2023
Norfund invests in OH Ecosystems to create jobs in cocoa processing in Nigeria
Norwegian Investment Fund (Norfund) has invested $12 million in the Local Nigerian Cocoa Processing Business with the aim to create jobs in Nigeria, while addressing some of the challenges in the cocoa value chain.
More
Member News
16 June 2023
Proparco supports innovation for traditional retailers in Senegal
On the occasion of the Viva Technology trade show, Proparco and Digital Africa are reaffirming their support for "Made in Africa" companies, by granting financing, through the Bridge Fund by Digital Africa, to the Senegalese start-up Maad.
More
Member News
15 June 2023
Aruwa Capital Management invests in OmniRetail
Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana is pleased to announce an investment into OmniRetail, popularly known as OmniBiz (the “Company”), a tech-first B2B e-commerce company that aggregates end-to-end retail operations to help manufacturers, distributors, logistic partners, and retailers achieve their business goals through a seamless supply chain framework and embedded finance.
More
Member News
8 June 2023
IFC announces investment in Safaricom Ethiopia
LONDON, United Kingdom, June 8, 2023 – IFC and MIGA — members of the World Bank Group — today announced an equity investment, a loan and guarantees to support the ongoing construction and operation of Safaricom Ethiopia's greenfield telecommunications network across Ethiopia, leading to more affordable internet, reliable mobile connectivity and technology access for people and businesses in the country.
More
Member News
6 June 2023
Convergence Partners backs Yellow’s latest Series B funding round
Convergence Partners has announced the closure of its investment in Yellow, a provider of pay-as-you-go finance for off-grid solar home systems and connectivity solutions for low-income consumers in parts of East Africa.
More
Member News
5 June 2023
IFC invests in South Sudan hotel
Abidjan, Côte d'Ivoire, June 5, 2023 – To support the development of South Sudan's tourism infrastructure, IFC today announced an investment in Dembesh Hotel in Juba that will help finance the hotel's renovation and expansion, creating jobs during and after the construction phase.
More
Member News
5 June 2023
IFC supports largest pharmaceuticals factory in Côte d’Ivoire
Abidjan, Côte d'Ivoire, June 5, 2023—To support stronger healthcare outcomes in West Africa, IFC today announced a partnership with the Shanghai Fosun Pharmaceutical (Group) Co., Ltd. to help the company build a pharmaceuticals production facility and distribution hub in Côte d'Ivoire.
More
Member News
5 June 2023
IFC backs BUA to boost industrialisation in Northern Nigeria
Abidjan, Côte d'Ivoire, June 5, 2023 —IFC today made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and develop two new, energy-efficient cement production lines that will create up to 12,000 direct and indirect jobs.
More
Member News
2 June 2023
BII, FMO, Norfund et al. jointly invest in Sun King
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
2 June 2023
Alitheia Capital's joint uMunthu II fund reaches €57mn first close
Goodwell Investments and its long-standing partner Alitheia Capital are proud to announce that a mixed group of investors are joining the journey to finance inclusive growth in Africa.
More
Member News
31 May 2023
FSD Africa Investments backs Africa Climate Ventures
The investment represents the first institutional backing for the venture builder, which aims to assemble a portfolio of businesses focused on climate action across Africa, boosting continental participation in global carbon markets.
More
Member News
29 May 2023
Proparco jointly provides €34 million to back development of new recycling facilities in Ghana and Senegal  
Proparco and OeEB, the Austrian DFI, join forces to provide a €34 million senior debt funding to Gravita Netherlands B.V. (GNBV), the overseas division head of Gravita India Limited (GIL). The group is a key player in the industrial recycling industry, especially in lead recycling, in India and overseas. Proparco and OeEB will support the international branch of GIL by increasing the recycling capacity and funding its daily needs.
More
Member News
29 May 2023
IFC invests in the Africa Conservation and Communities Tourism Fund to Support Ecotourism, Conservation in Sub-Saharan Africa
Johannesburg, South Africa, May 29, 2023— To support the post-pandemic recovery and sustainable growth of sub-Saharan Africa's ecotourism sector, IFC today announced an investment in the Africa Conservation and Communities Tourism Fund (ACCT Fund).
More
Member News
15 May 2023
IFC et al. invest in M-KOPA
IFC and fintech platform M-KOPA Holdings Ltd. today announced a partnership to expand its financial services to underbanked consumers in Eastern Africa, which will enable hundreds of thousands of women, lower-income customers, those in rural communities, and others in Kenya and Uganda, to purchase productive assets such as smartphones and home solar systems.
More
Member News
4 May 2023
Proparco committed $5 million in DisrupTech
Proparco committed $5 million in DisrupTech, which aims to provide seed capital to up to 28 start-ups with prime focus on financial technology services. The fund raised $36 million from several investors, including Development Finance Institutions, Funds-of-funds and Family offices. It will be an important financing source for Egyptian tech companies, which often struggle to raise capital to bring their innovations to market.
More
Member News
2 May 2023
Injaro Ghana Venture Capital Fund (IGVCF) raises GHS25mn
The Minerals Income Investment Fund (MIIF) and Injaro Investment Advisors Ltd (IIAL) are delighted to announce the decision by the management and Board of Directors of MIIF to commit GHS25M to the Injaro Ghana Venture Capital Fund (IGVCF) which is managed by IIAL. 
More
Member News
25 April 2023
IFC invests in Avenue Group Ltd to expand healthcare services in Kenya
IFC today announced an investment in Kenyan healthcare provider Avenue Group Limited that will support the company's strategy to grow its healthcare offering and boost its patient reach by 20 percent across the country over the next five years.
More
Member News
25 April 2023
IFC invests in Avenue Group Limited to expand healthcare services in Kenya
Nairobi, Kenya, April 25, 2023—IFC today announced an investment in Kenyan healthcare provider Avenue Group Limited that will support the company's strategy to grow its healthcare offering and boost its patient reach by 20 percent across the country over the next five years.
More
Member News
24 April 2023
Request for an Expression Of Interest: CONSULTANCY TO CONDUCT A STUDY ON AFRICA AS A DOMICILIATION JURISDICTION FOR INVESTMENT VEHICLES AND FUNDS
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
14 April 2023
Helios exits Solevo
Helios Investment Partners is pleased to announce the completion of the sale of Solevo to a group of investors. The execution of Helios’ value creation strategy over the investment period significantly transformed the company into a leading distributor of specialty chemicals across the most important life sciences and industrial segments, driving the institutionalisation of the business and positioning it for continued growth.
More
Member News
14 April 2023
Swedfund invests in solar energy
Swedfund invested USD 30 million on the 1stof March in the Mirova Gigaton Fund[1]. The main purpose of investing in the fund is to reach out to projects in developing countries, with debt financing through a wide range of important, complementary solar energy solutions outside the regular grid, so-called off-grid solutions.
More
Member News
11 April 2023
EIB Global increases support for Moroccan companies under Tajawouz initiative
The European Investment Bank (EIB), through EIB Global, its new arm for development finance and international partnerships, has signed a finance contract with CaixaBank worth around MAD 330 million (€30 million) to increase support for Moroccan micro, small and medium-sized enterprises (MSMEs).
More
Member News
6 April 2023
Standard Bank & IFC back Westfalia Fruit
To support the growth of the avocado industry in Africa, Asia, South America, and Europe, IFC, HSBC Bank, and Standard Bank today announced an investment in Westfalia Fruit International Limited to help the company expand sustainable avocado production at its existing facilities and explore opportunities in new markets.
More
Member News
5 April 2023
AfDB approves US$49.92mn to Build a 30 MW Solar Photovoltaic Power Plant in Dekemhare
Dekemhare 30-megawatt photovoltaic solar power plant project in Eritrea. Amount: US$ 49.92 million grant comprising US$ 19.5 million from the African Development Fund (ADF-15) and US$ 30.42 million from the Transition Support Facility (TSF).
More
Member News
3 April 2023
Old Mutual Alternative Investments Hybrid Equity announces investment in Enable Capital
Enable specialises in providing short-term funding solutions to subcontractors involved in the physical construction and deployment of local, regional and national fibre network infrastructure in SA.
More
Member News
22 March 2023
IFC to Invest in Mediterrania Capital Partners’ Fund to Support African Mid-Cap Businesses
To support the development of medium-sized companies in Africa, with a special focus on firms run or led by women, IFC today announced that it will invest in the first close of Mediterrania Capital Partners' Mediterrania MC IV fund.
More
Member News
21 March 2023
British International Investment commits EUR 20 million to The Urban Resilience Fund
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, today announced a EUR 20 million commitment to The Urban Resilience Fund (TURF), launched by Meridiam. The investment is the DFI’s first investment in an urban infrastructure fund and supports the design and scale of climate-focussed infrastructure projects across sub-Saharan Africa - increasing the affordability, safety, reliability, and climate-resilience of public infrastructure in African cities.
More
Member News
17 March 2023
Swedfund invests USD 5 million in Somali fund
Swedfund has decided to invest USD 5 million in NHAO (Nordic Horn of Africa Opportunities Fund). The amount is split into 2 tranches where the second tranche requires certain conditions to be met.
More
Member News
16 March 2023
Renew Capital Angels Invest in Ugandan Eyewear Company, Wazi
The Renew Capital Angels have invested in Wazi Vision, a women-founded Ugandan company with a vision to change the eyewear industry in Africa. Founders Brenda Katwesigye Baganzi and Geogette Ochieng Ndabukiye launched Wazi in response to a gap in Uganda’s eyewear market.
More
Member News
13 March 2023
Africa receives investment boost to develop water infrastructure
Metito Utilities Limited (MUL), a global investor and operator of water, wastewater, and alternative energy management solutions, and British International Investment (BII), the UK’s development finance institution and impact investor, announced the launch of their new company Africa Water Infrastructure Development “AWID”, a first-of-its-kind platform to develop climate-smart water projects at scale and to increase water security across Africa.
More
Member News
8 March 2023
LeapFrog companies reach 200m women, as firm commits to IFC gender equality program
LeapFrog Investments, the profit with purpose investment firm, today announced that its financial services and healthcare businesses have now crossed the threshold of reaching over 200 million women and girls, providing essential springboards and safety nets to help them rise into a better standard of living.
More
Member News
3 March 2023
Proparco Takes A Stake In Nuru, Which Develops Urban Solar Metrogrids in the DRC
Nuru SASU (Nuru), the company behind Democratic Republic of the Congo (DRC)’s first solar PV metrogrid, is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 after securing an initial USD1.5 million from investors in a convertible note round ahead of the close of its Series B funding round.
More
Member News
2 March 2023
IFC invests in 4DX Ventures Fund
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients.
More
Member News
2 March 2023
Kasada acquires Nairobi's former Crowne Plaza, with backing from IFC and Proparco
Kasada will use the financing package to refurbish, modernize, and expand the former Crowne Plaza in Nairobi's Upper Hill
More
Member News
2 March 2023
500 Global announce scale up program in Egypt to support pre-series A startups
500 Global, one of the world’s most active multi-stage venture capital firms, and The Egyptian Information Technology Industry Development Agency (ITIDA), announced the launch of 500 Global first batch of the Scale Up program in Egypt. The Scale Up program is focused on providing strategies and experimentation methodologies to accelerate growth for Pre-Series A startups in Egypt.
More
Member News
2 March 2023
Mediterrania Capital Partners, DEG, Proparco and FMO invest €75mn in Laprophan
Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, is pleased to announce its acquisition of a stake in Laprophan – one of the leading pharmaceutical companies in Morocco –through its fund MC IV, alongside Germany’s development finance institution DEG, Proparco and FMO.
More
Member News
2 March 2023
Helios Digital Ventures backs payment service provide Nomba
Nomba, a leading payment service provider for African businesses, has raised a $30 million Pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses. The oversubscribed equity funding round was led by San Francisco-based Base10 Partners (investors in Nubank, Plaid and Brex), with participation from Helios Digital Ventures, Shopify, Partech and Khosla Ventures.
More
Member News
2 March 2023
IFC provides US$50mn to M-KOPA
Nairobi, Kenya, May 15, 2023—IFC and fintech platform M-KOPA Holdings Ltd. today announced a partnership to expand its financial services to underbanked consumers in Eastern Africa, which will enable hundreds of thousands of women, lower-income customers, those in rural communities, and others in Kenya and Uganda, to purchase productive assets such as smartphones and home solar systems.
More
Member News
2 March 2023
Swedfund invest additional USD$1.9mn to increase access to reliable and clean energy
Swedfund announced on December 29th, 2022 an additional investment in d.light (1.9mn USD). d.light is a company providing affordable off-grid solar electricity to people living without access to reliable and clean energy in Africa and India. Swedfund’s funding will be used for supporting the company’s further expansion.
More
Member News
2 March 2023
LeapFrog grows climate investment strategy team
LeapFrog Investments, the profit with purpose investment firm, has expanded its Climate Investment Strategy Team with several new hires, as it seeks to support green growth opportunities for low-income consumers and producers across emerging markets.
More
Member News
2 March 2023
EIB considers investment in startup fund
The European Investment Bank has disclosed a proposed equity participation of up to $20 million into Seedstars Africa Ventures 1, a closed-ended venture capital fund focusing on sub-Saharan Africa (primarily West and East Africa) and to a lesser extent on North Africa.
More
Member News
2 March 2023
DWM Displaced Communities in line for EIB investment
The European Investment Bank (EIB) has disclosed a proposed $15 million equity investment in the Displaced Communities Fund, managed by DWM Asset Management, LLC.
More
Member News
2 March 2023
Adiwale Fund I backs vehicle leasing company
Adiwale Fund I and Investisseurs & Partenaires (I&P), through its fund IPAE 2, announced the acquisition of a majority stake in VRS Africa. The company offers operational car leasing and fleet management services for corporate clients in Côte d’Ivoire, Senegal and Ghana. It currently operates a fleet of 800 vehicles and is managed by Jérôme de Villard, CEO since 2019.
More
Member News
28 February 2023
BII invests in food business
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, has announced a $50 million investment to Invictus Trading, a subsidiary of Invictus Investment and key partner handling the import activity for the DAL Group.
More
Member News
14 February 2023
IFC leads US$17mn investment in South African insurtech Naked
Naked Insurance, a South African insurtech company that helps consumers to insure their cars, homes and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC).
More
Member News
13 February 2023
Zephyr Acorn backs Power Financial Wellness
After working in Africa’s microfinance space for seven years, including at Botswana’s Letshego, Brian Dempsey took a break in 2020 to build Power Financial Wellness, operating out of Kenya.
More
Member News
9 February 2023
€242m financing package for Senegalese cement maker
To support the decarbonisation of Senegal’s industrial sector, the IFC announced a partnership with Sococim Industries, Senegal’s largest integrated cement manufacturer, which will boost low-carbon cement production, create jobs and help bridge the country’s housing gap.
More
Member News
6 February 2023
Oikocredit and Triodos IM provide € 10 million Tier II capital to Bridge Bank Group Côte d’Ivoire
The Ivorian bank, an affiliate of Bridge Group West Africa, finances local small and medium enterprises and supports job creation in the region.
More
Member News
3 February 2023
Swedfund invests US$26mn in the African infrastructure fund AIIF4
On December 16, Swedfund invested USD 26 million in African Infrastructure Investment Fund 4 (AIIF4). It is an African infrastructure fund, managed by Africa Infrastructure Investment Managers (AIIM).
More
Member News
2 February 2023
Convergence closes CPDIF at $296m
Convergence Partners has announced the successful closing of its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296m, surpassing its initial target by over 18%.
More
Member News
2 February 2023
Norfund invests in South African food ingredient producer
Norfund, the Norwegian development finance institution, is investing R80 million (about US$4.mn) in convertible debt in Synercore Holdings, a South African food ingredient manufacturer, formulator and distributor to fast-moving consumer goods companies in Africa.
More
Member News
1 February 2023
DEG, IFC, Lightrock, et. al back South African SME lender, Lulalend
In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates.
More
Member News
1 February 2023
Renew Capital invests in Ethiopian audio book and podcast company
Renew Capital has recently invested in Teraki, an online audio platform based in Ethiopia, co-founded by Nahom Tsegaye and Abel Engida.The platform amplifies Ethiopia's rich tradition of storytelling by offering audiobooks and podcasts in various Ethiopian languages.
More
Member News
1 February 2023
Mediterrania leads investment in Moroccan pharmaceutical company
Mediterrania Capital Partners (MCP), a private equity firm that focuses on growth investments in small and mid-sized African companies, recently led a consortium that invested in Laprophan, a pharmaceuticals company in Morocco.
More
Member News
31 January 2023
Adenia Partners announces US$300mn first close for its fifth fund
Adenia Partners has announced the first close of its fifth flagship fund, Adenia V, with $300 million in commitments from investors.
More
Member News
25 January 2023
Norfund backs Ethiopia's largest FMCG platform SAMANU
Norfund and a consortium of private investors managed by 54 Capital announced a $21 million growth capital investment into Ethiopia's largest FMCG platform SAMANU.
More
Member News
25 January 2023
Kasada to invest in new Abidjan hotel
Kasada, a real estate private equity platform dedicated to hospitality in sub-Saharan Africa, announced that it will build a new dual-branded hotel in Abidjan within the largest retail-led mixed-use development currently being developed by HC Capital Properties (HCCP). The complex, scheduled to open in 2024, will boast over 150 hotel keys, a shopping centre with over 60 stores, restaurants, a mini entertainment park, offices, a co-working space, and a clinic.
More
Member News
25 January 2023
AfricInvest Fund IV invests in Justrite
AfricInvest is pleased to announce it has taken a minority stake in Justrite, a leading Nigerian family owned retail department store.
More
Member News
20 January 2023
South Africa: Proparco partners with Investec to scale up climate investments
Proparco and Investec Bank are collaborating to implement the Transforming Financial Systems for Climate (TFSC) programme in South Africa. The package comprises a senior credit facility of $80 million and a technical assistance programme.
More
Member News
18 January 2023
Aruwa makes follow-on investment in AgroEknor
Aruwa Capital Management, an early-stage growth equity and gender lens fund investing in Nigeria and Ghana has made a follow-on investment in AgroEknor International, a fast-growing hibiscus flower exporter and wellness brand.
More
Member News
17 January 2023
EIB invests in WeLight Madagascar’s access to energy initiative
WeLight Madagascar’s access to energy initiative will receive €19 million in financing from the EIB, Triodos Investment Management and EDFI ElectriFI — the EU-funded Electrification Financing Initiative. The financing will be used to build and develop small solar mini-grids in over 120 villages in rural Madagascar, expanding WeLight’s coverage from eight regions to 17. The project aims to serve around 250 000 people, providing more than 45 000 households and businesses with first-time access to clean, affordable and productive energy and light.
More
Member News
13 January 2023
Norfund and Swedfund invest in South Sudan's SME sector
European development finance institutions Norfund and Swedfund have announced a $4 million follow-on loan to Kinyeti Venture Capital, a joint venture established in 2012 to provide risk capital to local small and medium enterprises (SMEs) in South Sudan.
More
Member News
12 January 2023
Verod exits Daystar Power Group to Shell
Verod Capital Management via its Verod Capital Growth Fund II has fully exited from its investment in Daystar Power Group to Shell.
More
Member News
11 January 2023
AfricInvest exits InstaDeep Ltd to BioNTech SE
Acquisition to enable creation of a fully integrated, enterprise-wide capability to discover, design and develop next-generation immunotherapies at scale by leveraging artificial intelligence and machine learning technologies across BioNTech’s therapeutic platforms and operations Builds on multi-year strategic collaboration between BioNTech and InstaDeep which included the formation of an AI Innovation Lab in 2020 and completion of dozens of joint projects  Acquisition expected to add approximately 240 highly skilled professionals and a global network of research partners in the fields of artificial intelligence, machine learning and data science based in the world’s leading global technology hubs  BioNTech to pay an upfront consideration of approximately £362 million in cash and BioNTech shares, to acquire 100% of remaining InstaDeep shares following BioNTech’s Series B investment in 2022 InstaDeep to operate globally from London headquarters as a BioNTech company post-closing, which is expected in the first half of 2023, subject to regulatory approval
More
Member News
11 January 2023
FMO approves €25 million investment in Partech fund
The Dutch entrepreneurial development bank, FMO has approved a €25 million investment in the Partech Africa Fund Il.
More
Member News
9 January 2023
Aruwa Capital makes follow on investment in Agroeknor
Aruwa Capital Management (“Aruwa”), an early-stage growth equity and gender lens fund investing in Nigeria and Ghana is pleased to announce a follow-on investment into AgroEknor International (“AgroEknor” or the “Company”), a fast-growing hibiscus flower exporter and wellness brand.
More
Member News
6 January 2023
FMO provides funding for motorcycle financing in Kenya and Uganda
Dutch development finance institution FMO has provided a US$15 million and US$5 million senior term loan to Wat Credit Kenya and Wat Credit Uganda, respectively.
More
Member News
3 January 2023
Oikocredit, Lion's Head funds back Solarise Africa
Dutch impact investor Oikocredit has partnered with Lion's Head Group-managed funds, the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), to invest $7 million in a $33.4 million multi-currency loan facility for Solarise Africa. The investment will support Solarise Africa's growing provision of affordable commercial and industrial (C&I) solar installations in Africa.
More
Member News
3 January 2023
EIB commits €300m to EM fund-of-funds
The European Investment Bank has disclosed a €300 million contribution to the launch of the new Global Gateway Fund (GGF). GGF is a flagship initiative supporting the EU's Global Gateway strategy, operating as a fund-of-funds focused on high impact equity and debt operations in emerging markets.
More
Member News
29 December 2022
Mediterrania exits Morocco's Akdital through an IPO
Mediterrania Capital Partners has sold part of its stake at Akdital through an IPO at the Casablanca Stock Exchange.
More
Member News
26 December 2022
Seedstars Africa Ventures et al. invest in Egypt's Suplyd
Suplyd, an Egypt-based startup that digitises supply chain operations for the MENA region’s hotels, restaurants, and catering (HORECA) industries, has raised a US$1.6 million pre-seed funding round to help it scale faster.
More
Member News
21 December 2022
Samata Capital, Future Africa et al. Invest in Uncover
Africa’s beauty and personal care market is growing, accelerated by its burgeoning young and fashion-conscious population, increased spending power and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants.
More
Member News
20 December 2022
Verod Capital Management Exits Daystar Power Group to Shell
LAGOS, NIGERIA – 20 December 2022: Verod Capital Management Limited (“Verod”), one of Africa’s leading investment management firms, is pleased to announce that itsVerod Capital Growth Fund II has fully exited from its investment in Daystar PowerGroup (“Daystar”) to Shell Plc (“Shell”).  
More
Member News
16 December 2022
LeapFrog Investments invests US$70mn in Sun King
Debevoise & Plimpton LLP has advised LeapFrog Investments (“LeapFrog”) as lead investor in Sun King’s $70 million equity investment round, part of an extension of its initial $260 million Series D round.
More
Member News
16 December 2022
Mediterrania Capital Partners exits Akdital through an IPO at the Casablanca Stock Exchange (CSE)
Akdital, with the support of Mediterrania Capital Partners, has provided the largest IPO at the CSE since 2008. The national leader in the private clinic sector is the first healthcare company traded in the capital market in Morocco.
More
Member News
15 December 2022
British International Investment backs Zambian climate entrepreneurs
$50 million credit line provided to Zambia National Commercial Bank in a boost for small businesses and climate-related projects in Zambia 
More
Member News
13 December 2022
Baylis invests in Legendary Foods Africa
GHANA – Legendary Foods Africa, a Ghanaian foodtech company focused on production of insect protein for human consumption, has bagged a growth equity investment from an Africa focused private equity firm, Baylis Emerging Markets.
More
Member News
13 December 2022
Sahel Capital successfully achieved the mandate of FAFIN in L&Z Integrated Farms Limited and Exits
Sahel Capital has exited L&Z Integrated Farms Limited, an integrated dairy processing company in Nigeria.
More
Member News
12 December 2022
Aruwa Capital Management invests US$2.5mn in Taeillo
Individuals or businesses buying furniture in Africa can purchase from local furniture stores or global furniture retailers like Ikea. But both options have pros and cons; for the latter, local furniture stores may lack the quality that clients need, while global retailers, in addition to taking several months to ship their products to Africa, can be too pricey. 
More
Member News
5 December 2022
Female founded and led Aruwa Capital Management achieves final close on Fund I
Oversubscribed fund secures large backing from global institutional LPs Aruwa Capital Management (“Aruwa” or “Aruwa Capital”), a Lagos based female founded and led early-stage growth equity and gender lens investment fund, is pleased to announce the successful close of its first institutional fund, which was oversubscribed, surpassing its target of $20 million. The fund’s first institutional and anchor investor is Visa Foundation, followed by other investors such as Mastercard Foundation Africa Growth Fund, Nyala Venture, backed by Financial Sector Deepening Africa Investments and leading family businesses from Africa, Europe and the United States.
More
Member News
2 December 2022
Kenya’s Uncover raises $1M to expand skincare product enterprise across Africa
Africa’s beauty and personal care market is growing, accelerated by its burgeoning young and fashion-conscious population, increased spending power and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants.
More
Member News
2 December 2022
TPG-backed Evercare’s stake in Nairobi-based hospitals
KENYA – The Evercare Health Fund has sold its 54.9 per cent stake in Metropolitan Hospital Holdings to co-investor, The Metro Group, which currently holds a 41.8 per cent stake in the company.
More