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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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).
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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.
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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.
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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
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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.
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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. 
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 $25m, to renewable energy platform Rift Valley Energy (RVE), owned and managed by Meridiam. The funding will support part of RVE's ambitious investment and development plan for future renewable energy projects in Tanzania.
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Member News
13 June 2024
Oikocredit partners with AfricInvest Private Credit to boost SME Growth across Africa
Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million (€ 9.3 million) to AfricInvest Private Credit (APC) to augment support for small and medium enterprises (SMEs) throughout Africa.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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”).
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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. 
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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.
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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.
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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.  
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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™.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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”).
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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. 
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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.
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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. 
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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.
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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.
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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 $7.85M raised on equity led by At One Ventures, along with FMO, Susquehanna Private Equity Investments LLLP, Autodesk Foundation and King Philanthropies. The debt financing was provided by EDFi.
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Member News
30 August 2023
AfDB backs Triple Jump For Energy Entrepreneurs Growth Fund
In July 2023, the Energy Entrepreneurs Growth Fund (EEGF) signed a US$ 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.
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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.
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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”).
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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. 
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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”.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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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).
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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%.
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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.
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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.
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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.
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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.
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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.
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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 
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