Author: Tapiwa Matthew Mutisi

Aspen Pharmacare Holdings Ltd., Africa’s largest drug manufacturer, recorded its biggest stock rally in 25 years after announcing plans to divest its Asia-Pacific operations (excluding China) to Australian private equity firm BGH Capital Pty Ltd. for R26.5 billion ($1.6 billion). The transaction covers Aspen’s businesses in Australia, Hong Kong, Malaysia,…

The International Finance Corporation (IFC) has announced plans to invest up to $15 million in the CCA Growth Fund II, managed by CardinalStone Capital Advisers. This commitment underscores IFC’s ongoing strategy to strengthen private equity financing for small and medium-sized enterprises (SMEs) in West Africa. CCA Growth Fund II is…

FinDev Canada, the country’s bilateral development finance institution, has announced a $20 million investment in Africa Credit Opportunities Fund III (ACO3), managed by Ninety One. This strategic commitment aims to strengthen access to private credit for businesses and infrastructure projects across Africa and other emerging markets. ACO3 is a private…

Swedfund, the Swedish government’s development finance institution, has announced a $20 million investment in the Helios Climate, Energy, Adaptation and Resilience (CLEAR) Fund, a vehicle dedicated to supporting African businesses that champion low-carbon and climate-resilient development. The CLEAR Fund focuses on companies driving sustainable transformation across critical sectors, including renewable…

The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has announced a significant investment aimed at strengthening Africa’s digital infrastructure. The fund will inject $15 million into WIOCC, a leading pan-African provider of wholesale telecommunications infrastructure. This investment is designed to accelerate WIOCC’s efforts to expand high-speed…

Climate Fund Managers (CFM) has committed $86.2 million in mezzanine debt financing through the Construction Equity Fund of its Climate Investor Two facility to support the first two phases of the Olifants Management Model Programme (OMMP) in South Africa’s Limpopo Province. The OMMP is a large-scale bulk water infrastructure initiative…

Development Partners International (DPI) has finalized the sale of its 20.17% shareholding in Atlantic Business International (ABI) to Banque Centrale Populaire Group (BCP). This transaction results in BCP becoming the sole owner of ABI, holding 100% of its share capital. ABI is a leading financial services provider operating across West…

WeBuyCars, the JSE-listed South African vehicle trading platform, has been hit with a R2.5 million administrative fine and instructed to refund more than R3.4 million to affected consumers after regulators found that its sales terms violated South Africa’s Consumer Protection Act (CPA). The sanction follows a three-year investigation by the…

Growth Investment Partners (GIP) Ghana, an investment platform established by British International Investment (BII), has announced a strategic investment in mPharma Ghana, one of Africa’s leading health-tech innovators. This funding will accelerate mPharma’s ambitious growth plans, particularly its expansion into Francophone West Africa. The capital injection will enable mPharma to…

AfricInvest, through its blended-finance impact vehicle Transform Health Fund (THF), has committed $8.5 million to Promamec, a leading Moroccan supplier of medical equipment and consumables. This strategic investment aims to bolster Promamec’s working capital and enhance its ability to deliver critical healthcare products to providers across Morocco. Promamec plays a…

CDG Invest Growth, via its Capmezzanine III fund, has successfully exited its investment in Soludia Maghreb, a Moroccan company recognized as a leading manufacturer of hemodialysis products. These products play a critical role in filtering waste and excess fluids from the blood for patients suffering from kidney failure. The stake…

Sun King, a leading provider of off-grid solar energy solutions, has raised $40 million in equity financing from Lightrock. This strategic investment will fuel Sun King’s mission to expand decentralized solar energy systems across Africa and Asia, while driving the development of innovative products tailored to the needs of underserved…

Growth Investment Partners (GIP) Ghana, an investment platform established by British International Investment (BII), has announced a strategic investment in Springs and Bolts Company Limited (SBCL), a leading Kumasi-based manufacturer of automotive aftermarket components. This investment underscores GIP Ghana’s commitment to supporting industrial growth and local manufacturing in West Africa.…

Mahube Infrastructure, which debuted on the Johannesburg Stock Exchange (JSE) in 2015 under the name GAIA Infrastructure Capital, has received a formal offer to be delisted and taken private through a scheme of arrangement. The offeror, Sustent Holdings, is a newly incorporated special purpose vehicle formed by Mergence Renewable Energy…

Mediterrania Capital Partners has confirmed the partial divestment of its stake in Cash Plus, a leading money transfer and financial services provider in Morocco, through an initial public offering (IPO) on the Casablanca Stock Exchange. This strategic move underscores Mediterrania’s commitment to supporting high-growth businesses while delivering value to its…

Frigoglass Group has entered into a definitive agreement to sell its entire shareholding in Frigoinvest Nigeria Holdings Limited to Helios Investment Partners, a leading Africa-focused private equity firm, in a transaction valued at up to €100 million. The deal is subject to customary regulatory approvals and is expected to close…

Namibian private equity firm Eos Capital, through its Allegrow Fund, has successfully completed the exit of its investment in Erongo Medical Group (EMG). Over the past ten years, Eos Capital has established itself as a cornerstone of Namibia’s private equity landscape, successfully raising and deploying capital through its three flagship funds:…

Gemcorp Capital and Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), have announced plans to launch a Pan-African Infrastructure Fund aimed at addressing the continent’s critical infrastructure gap. The fund is expected to target approximately US$500 million, with an initial seed investment of US$50 million from FSDEA, which…

Tanzanian startup SkyVerse Solutions has emerged as the winner of the third edition of the AfrInnovate Youth Challenge (AYC), a continental platform that celebrates the creativity, resilience, and impact of Africa’s youth. The company was recognized for its groundbreaking mechanized post-harvest groundnut processing solution, designed to boost yields, reduce losses,…

Egyptian fintech leader MoneyHash, the Middle East and Africa’s premier payment orchestration platform, has announced a strategic partnership with Amwal Tech, a Saudi-based fintech innovator specializing in aggregated credit card installment solutions. This collaboration aims to accelerate the adoption of flexible payment options in Saudi Arabia’s rapidly evolving fintech ecosystem.…