Five notable East African private capital deals
We highlight five East African private capital deals, as featured in our Dealmaker’s Log.
We highlight five East African private capital 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. AfricInvest backs Kenyan medical oxygen provider
AfricInvest, through its blended-finance impact vehicle Transform Health Fund, has 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
2. Inspired Evolution commits $20m to East African warehousing business
Evolution III Fund, managed by Inspired Evolution, has committed $20 million to Cold Solutions East Africa Holdings, a temperature-controlled warehousing and logistics platform. Read the full article
3. Tanzania: DOB Equity invests in agritech company MazaoHub
DOB Equity has invested in MazaoHub Precision Agriculture. The Tanzanian agritech company seeks to transform smallholder farm productivity through precision farming using a hybrid of hands-on agronomic support blended with technology. MazaoHub offers soil testing, specialised agronomy services, input distribution and market links to aggregators. Read the full article
4. BKC Africa Private Debt Fund in Rwanda deal
BK Capital, through its BKC Africa Private Debt Fund, has made its first private debt investment in Goodlife Health and Beauty, Rwanda’s largest pharmacy chain. The financing will support Goodlife’s continued expansion and strengthen access to quality pharmaceutical products and health services nationwide. Read the full article
5. Phatisa backs Kenya’s Artcaffé
Phatisa has 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. Read the full article
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