The 5 most popular stories on Africa Private Equity News the past week
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Morocco: Mediterrania invests in a unit of Dislog’s health division
Mediterrania Capital Partners has made an investment in Morocco’s Dislog Dispositifs Médicaux through a Dh540 million ($59 million) capital increase together with CDG Invest Growth.
In recent years, under the leadership of Moncef Belkhayat, Dislog has strengthened its position as a leading player in Morocco’s fast-moving consumer goods sector. The group now markets more than 100 brands across its food, health and hygiene divisions. Within its health arm, DDM focuses on the design, manufacture and distribution of medical devices for healthcare professionals. Read the full article
2. Kasada closes €15m debt facility for Abidjan hotel
Kasada, the pan-African hospitality investment platform, recently closed a €15 million debt facility provided by the Africa Go Green Fund, managed by Cygnum Capital.
The facility will provide finance for a greenfield hospitality development in Abidjan, Côte d’Ivoire. The project, to be located in the Angré district, will feature a hotel with a total of 170 keys, co-working facilities under the Wojo brand, and a dedicated conference and exhibition venue. Read the full article
3. Sahel Capital backs agribusiness firm sourcing cocoa and cashew
Sahel Capital, an investment manager focused on the food and agriculture sectors across sub-Saharan Africa, has closed a $590,000 loan facility with Rasad Nigeria through its Social Enterprise Fund for Agriculture in Africa. The facility comprises $450,000 for working capital and $140,000 for capital expenditure.
Rasad Nigeria, a family-led agribusiness outfit based in Ogun State, aggregates cocoa and cashew from over 1,000 smallholder farmers and aggregators. The company supplies both local and international buyers. Read the full article
4. IFC and Sony Innovation Fund Africa in Nigerian film industry deal
To enhance access to production services in Africa’s film and entertainment industry, the International Finance Corporation (IFC) has made an investment into Filmmakers Mart, Africa’s first integrated digital production platform.
This marks IFC’s first investment in Nigeria’s audiovisual sector and its first co-investment with Sony Innovation Fund Africa. Read the full article
5. South African travel fintech TurnStay raises $2m
South African travel-focused fintech TurnStay has raised $2 million (over R34 million) in a seed round led by First Circle Capital, with participation from TLCom Capital, Enza Capital, Incisive Ventures, CVVC, and Equitable Ventures.
The round will fuel TurnStay’s expansion across African markets and enhance its fintech infrastructure for travel and tourism operators. Founded by tech veterans Alon Stern (ex-Prodigy Finance) and James Hedley (co-founder of Quicket, acquired by Ticketmaster), TurnStay is tackling the systemic inefficiencies in Africa’s travel space. Read the full article
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