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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A MESSAGE FROM OUR SUPPORTERS
Standard Bank provides $42m term loan to support Africa’s fibre rollout
Standard Bank acted as joint arranger and co-lender in the transaction. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Enko Capital hits $100m first close for Africa credit fund
Enko Capital, the Africa-focused alternative asset manager, has reached the first close of its Enko Impact Credit Fund, raising $100 million toward a $150 million target.
Investors in the first close include British International Investment, the International Finance Corporation, SICOM Global Fund, and other asset managers, African pension funds, and family offices. Read the full article
2. Moniepoint raises over $200m in Series C funding
African financial platform Moniepoint has raised over $200 million in equity financing in a recently closed Series C funding round.
The round was led by Development Partners International’s African Development III fund, with the final close anchored by LeapFrog Investments. Other investors in the round include Lightrock, Alder Tree Investments, Google’s Africa Investment Fund, Visa, the International Finance Corporation, Proparco, Swedfund, and Verod Capital Management. Read the full article
3. Côte d’Ivoire: Saviu Ventures exits logistics platform
Saviu Ventures, a venture capital fund focused on Francophone Africa, has sold its majority stake in Kamtar, a digital logistics platform based in Côte d’Ivoire, to Logidoo Group, a pan-African logistics company.
Founded in 2018, Kamtar connects Ivorian industrial companies with a network of independent truck drivers through a digital platform that optimises freight transport and logistics management. Since its inception, the startup has worked with over 40 corporate clients across the industrial, construction, agri-food, and logistics sectors, achieving a cumulative turnover exceeding €17 million. Read the full article
4. iGravity invests in TLG Capital’s Africa Growth Impact Fund II
Swiss impact advisory and investment management firm, iGravity, has made a commitment to TLG Capital’s new private credit fund, TLG Africa Growth Impact Fund II.
“African risk remains significantly undervalued by global markets,” says Zain Latif, principal at TLG. “By addressing this mispricing through disciplined private credit investments, TLG is enabling international investors to engage confidently in Africa’s growth story. Our mission is to catalyse greater private capital flows into Africa and bridge the persistent funding gap that constrains economic progress.” Read the full article
5. Sanari Capital exits to Broll Property Group
Sanari Capital has sold its stake in Johannesburg-based market intelligence and geospatial analytics firm Fernridge Solutions to Broll Property Group. The deal hands control to a buyer whose pan-African real estate and technology expertise positions it to drive the company’s next phase of growth. Read the full article
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