Five notable East African deals
We highlight five East African investments, as featured in our Dealmaker’s Log.
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We highlight five East African investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Inspired Evolution commits $20m to East African warehousing business
Evolution III Fund, managed by Inspired Evolution, committed $20 million to Cold Solutions East Africa Holdings (CSEAHL), a temperature-controlled warehousing and logistics platform. CSEAHL is an investment vehicle owned by the ARCH Cold Chain Solutions East Africa Fund, which is managed by ARCH Emerging Markets Partners. Read the full article
2. Phatisa backs Kenya’s Artcaffé
Phatisa invested in Artcaffé, a casual dining and gourmet food business in Kenya, via a mezzanine debt growth facility. With a portfolio of over 60 outlets spanning restaurants, an in-house bakery, central kitchen, and a gourmet retail offering, Artcaffé has built a distinctive, scalable model in East Africa’s fast-evolving consumer landscape.
This mezzanine facility, through Phatisa Food Fund 2, will support the group’s next phase of growth – expanding into new regions, and strengthening its B2B offering whilst leveraging various digital channels and deepening its overall market presence. Read the full article
3. Alterra Capital Partners invests in East African travel group
Alterra Capital Partners made an investment in ARP Africa Travel Group, partnering with the founding family to accelerate expansion across East Africa and beyond.
ARP Africa, which includes Pollman’s Tours and Safaris Limited (Kenya), Ranger Safaris (Tanzania), and ARP Africa Travel (United Kingdom), is a provider of destination management services in East Africa. Established in Tanzania in 1978, the company works with global travel agent partners in fifty countries across five continents, arranging travel experiences for global visitors to East Africa. Read the full article
4. AfricInvest funds Kenyan medical oxygen provider
AfricInvest, through its blended-finance impact vehicle Transform Health Fund, invested $10.5 million in HewaTele, a Kenyan medical oxygen provider.
Access to medical oxygen remains one of the most pressing but under-addressed challenges in East Africa’s health systems. In Kenya alone, over 70% of existing pressure swing adsorption oxygen plants are either non-operational or producing oxygen at purity levels far below the World Health Organisation’s 90% minimum standard for medical use. Read the full article
5. TLG Capital announces Tanzania agro-processing transaction
TLG Capital closed a $15 million facility for Kijenge Animal Products, an Arusha-based agro-processing platform. The transaction was structured alongside CRDB Bank to refinance legacy obligations and unlock working capital for production.
A core element of the transaction is the decision by TLG Capital and Kijenge to bring on board Manufacturing Africa, a programme funded by the UK Foreign, Commonwealth & Development Office (FCDO) and delivered by McKinsey & Company, BDO and partners. Manufacturing Africa will provide strategic and operational support to help Kijenge scale capacity and improve productivity. Read the full article
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