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.
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Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. AgDevCo receives $85m commitment from DFIs
Africa-focused agribusiness investment firm AgDevCo has received a joint $85 million investment from Swedfund, British International Investment (BII) and Norfund.
The equity investment comprises up to $20 million from Swedfund, $50 million from BII and $15 million from Norfund, with the funding aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas. Read the full article
2. UK private equity firm in Ethiopian agriculture deal
Ethiopian Agricultural Businesses Corporation (EABC) and Ethiopian Investment Holdings (EIH) have signed a shareholders agreement with UK private equity firm, Asset Green, to collaborate on a dairy and crop farming project.
The project will be executed in two phases, with a total investment capital of $600 million.
According to the agreement, EABC will hold a 25% share, EIH will have a 24% share, and Asset Green will own the remaining 51%. Read the full article
3. Malawi: InfraCo exits to Old Mutual
At a signing ceremony held in Blantyre, InfraCo Africa signed an agreement to sell its 25% stake in Golomoti JCM Solar Corporation to Old Mutual Infrastructure Investment Trust Fund (Malawi), which sits within Old Mutual Investment Group’s Alternative Investments capability.
Old Mutual Malawi’s involvement will be beneficial in reducing currency exchange risk on the project whilst attracting future investment into the country’s renewable energy sector. Read the full article
4. Ghana: Digital banking platform raises $8m in funding
Digital banking platform Affinity Africa has raised $8 million in an oversubscribed Seed round led by Grazia Equity and Backed VC. Other participants in the round include Enza Capital, Launch Africa, Renew Capital, Finca International, Attijariwafa Ventures, Impact Assets, and prominent angels, joining early backer Eldon Capital.
The platform, which focuses on individuals and micro, small, and medium enterprises, officially launched in Ghana in October 2024 and has onboarded over 50,000 customers to date. Read the full article
5. Proparco invests in Mirova fund
French development finance institution Proparco has invested in the Mirova Sustainable Land Fund 2 (MSLF2).
The MSLF2 fund is structured as a blended finance vehicle, combining public and private capital to encourage investment in sustainable land management. It aims to support the transition and decarbonisation of agricultural and forestry value chains while generating financial returns. Read the full article
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