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. Sanari 3S Growth Fund announces final close
South Africa-based Sanari Capital has raised about R1.5 billion ($80 million) for its Sanari 3S Growth Fund.
Sanari Capital invests up to R250 million (about $14 million) in well-established businesses that are at an inflection point, driven by technology, innovation, and thematic or sectoral growth drivers.
New investors in the fund join institutions including the Public Investment Corporation (PIC), Alexforbes Investments, the 27four Black Business Growth Fund, Telkom Retirement Fund and the Motor Industry Retirement Funds with RisCura, and the National Fund for Municipal Workers. Read the full article
2. European LP commits $20m to Apis Growth Markets Fund III
The Swiss development finance institution SIFEM, managed by responsAbility Investments, has announced a commitment of $20 million to Apis Growth Markets Fund III (AGMF III), a closed-end financial services fund targeting growth-stage opportunities in Africa, South Asia, and Southeast Asia.
Apis Partners, the portfolio manager of AGMF III, will build on the track record of its predecessor funds, focusing on transformative financial inclusion by investing in innovative, tech-enabled financial services. Read the full article
3. South Africa: Ascension Capital increases stake in CPB
Ascension Private Equity Fund I, managed by Ascension Capital Partners, has increased its equity interest in Consumer Profile Bureau (CPB) from 26% to 85% to become the majority shareholder alongside the management team.
CPB, founded in 1981, is a South African payment profile hosting credit bureau. CPB goes beyond traditional credit bureau offerings – delivering bespoke real-time credit solutions, advanced reporting and analytics, digital identification, paperless FICA, and online data analytics, alongside tracing, credit verification, and debtor profiling. CPB continues to serve as a trusted partner to its extensive and varied client base. Read the full article
4. Seedstars Africa Ventures I announces first close
Seedstars Africa Ventures I, a venture capital fund making early-stage investments in highly scalable start-ups in Africa, has achieved a first close of $42 million. Investors include the African Development Bank and EIB Global, among other global backers.
The fund, with an $80 million fundraising target, has offices in Nairobi, Dakar and Paris. Read the full article
5. Renew Capital invests in mobility startup Enakl
Renew Capital has invested in Enakl, a Morocco-based mobility startup that addresses a need in Africa’s urban centres where public transportation remains overcrowded, unreliable and expensive.
The platform connects commuters with local transport providers through a pre-booked, subscription-based model. By optimising fleet operations and reducing costs, Enakl ensures accessible transportation options for businesses and individuals alike. Read the full article
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