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Development Partners International (“DPI”), a leading Pan African private equity firm, is pleased to announce the sale of its funds’ total holdings in Eaton Towers Holdings (“Eaton Towers”) to [...]

The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG), has lent the Guinea Alumina Corporation (GAC) $40m over 14 years, as part of a $750m [...]

The Capital Markets Authority (CMA) has given the Nairobi Securities Exchange the nod to launch and operate the long-awaited derivatives market, setting the stage for introduction of new products [...]

DOB Equity, a Dutch family-backed impact investor in East Africa, has invested in Zanrec to expand the company’s growth and to widen its range of commercial solutions in waste collection, [...]

A group of investors led by Apis Partners LLP and fintech investor Crossfin Technology Holdings bought a South African payments company to tap growing demand for card machines. The value of the [...]

MTN says it will raise R1.2bn by selling its interests in investment fund Amadeus and online travel platform Travelstart. The mobile operator said in March it planned to raise R15bn through asset [...]

In many large cities across Africa, motorcycle taxies are as common as yellow-cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million Series A [...]

The Rise Fund, a global impact investment fund managed by TPG Growth, has invested in Zipline, a provider of next-generation, precision drone delivery for healthcare services. Launched in Rwanda [...]

XSML through its African Rivers Fund, has invested in SOS Médecins de Nuit (MDN), a healthcare clinic based in Kinshasa, DRC. In 2011, MDN was one of XSML’s first investee companies in DRC and [...]

Dutch-African mobile health payments firm CarePay International has raised $45 million growth capital in its Series A financing round to expand beyond Kenya into Tanzania and Nigeria, becoming [...]

Investec Africa Private Equity Fund 2 (IAPEF2) has completed a follow-on growth equity investment in its portfolio company – wiGroup, a mobile-transacting software provider. Terms of the [...]

Verod Capital Management Limited (Verod) is pleased to announce that it has completed a full exit of its ownership of Rotoprint Limited (Rotoprint), a flexible packaging company based in Nigeria. [...]

As part of a $200 million project aimed at supporting small businesses and job creation for women and youth in Egypt, the World Bank is investing $50 million to develop an early-stage investment [...]

Kenya-based e-health startup MYDAWA has secured USD 3 Mn in funding from the Africa Healthcare Master Fund to expand operations in the East African country, according to a report. The company [...]