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DOB Equity invests in Sendy, East African on-demand delivery services platform

Sendy, an app-based on-demand delivery services platform operating across Kenya, has completed a Series A investment round, led by DOB Equity. DOB Equity will invest alongside CFAO, member of the [...]

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CDC makes bid for Zambian power company, Copperbelt Energy Corporation

CDC Group plc (“CDC”), the UK’s Development Finance Institution, can confirm that it has made a bid to acquire a majority stake in the Zambian company, Copperbelt Energy Corporation (“CEC”). CDC [...]

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Independent power producer Akuo secures €78m to build Mali solar plant

French independent power producer (IPP) Akuo Energy has secured €78-million in financing to build the 50 MW Akuo Kita Solar Photovoltaic (PV) power plant, in southern Mali. Private sector [...]

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AIIM buys minority stake in Amandi IPP power plant in Ghana

African Infrastructure Investment Managers (AIIM) has acquired a minority stake in the Amandi IPP power plant in Ghana. AIIM said its investment in Amandi is financed through its third [...]

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IFC extends $62 million loan to South Africa’s Mercantile Bank

The International Finance Corporation (IFC) said on Monday it would extend a seven-year loan of 740 million rand ($62 million)to Mercantile Bank to boost lending to small and medium businesses [...]

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S. Africa’s Public Investment Corp Buys 25% Stake in ZAR X

Equity injection to bolster new stock exchange ZAR X’s balance sheet and listings pipeline and bolster its black economic empowerment credentials, Johannesburg-based Business Day reports, citing [...]

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DEG provides €4 million equity capital for M-BIRR

DEG, a German development finance institution and a subsidiary of KfW Group, has invested €4m in M-BIRR, a cashless money transfer and payment service in Ethiopia. Other investors include the [...]

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InfraCo Africa increases its commitment to Berkeley on Ethiopia deal

InfraCo Africa has signed a shareholders agreement with Berkeley Energy, committing $30m of equity investment to the Corbetti Geothermal project, doubling its original commitment of $15m. Alex [...]

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Azuri raises Sh411.2m for Africa off-grid power expansion

Solar firm Azuri has raised Sh411.2 million ($4 million) for expanding its off-grid power product in Kenya and other African countries. UK-based Azuri said this first round of fundraising is part [...]

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Bharti Airtel gets regulatory nod for Tigo Rwanda buy

Telecom operator Bharti Airtel said it received the approval of the Rwanda Utilities Regulatory Authority for its acquisition of Tigo Rwanda Limited, a subsidiary of Millicom International [...]

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EAIF backs power station refinancing in Mozambique

The Emerging Africa Infrastructure Fund (EAIF) has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21m B loan to Central Termica de Ressano Garcia [...]

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Injaro Investments invests in Niger’s poultry sector

Injaro Investments is pleased to announce an investment in AviNiger, a poultry farm built with stringent specifications to cater for animal welfare and supply quality consumer eggs to reduce the [...]

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Off Grid Electric Secures $55m Series D Funding to Expand Solar in Africa

• Off Grid Electric to Expand Partnership with EDF in Ghana • Declining solar prices helping bring power to rural areas Off Grid Electric, a San Francisco-based company that develops rooftop [...]

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TPG Growth to Acquire TRACE, Africa’s Leading Music and Entertainment Company

TPG Growth, the middle market and growth equity investment platform of global alternative asset firm TPG, announced today that it has signed a definitive agreement to acquire a majority stake in [...]

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