The 5 most popular stories on Africa Private Equity News the past week

Here are summaries of the five most widely read stories last week on Africa Private Equity News.

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Here are summaries of the five most widely read stories last week on Africa Private Equity News.

1. Zimbabwe: Spear Capital invests in food company

Private equity firm Spear Capital has announced an investment in Zimbabwean food producer Efoods.

Spear said in a statement: "We’re proud to introduce the newest addition to our portfolio, Zimbabwean food producer Efoods. Efoods produces a range of sauces, sachets and honey under the Mr Sauce, MiriPiri and Natural Forest brands." Read the full article

2. TLG Capital backs African swimwear brand

Private investment firm TLG Capital, has announced an investment into Liberty & Justice (L&J), an African swimwear brand available in over 250 Target stores across the USA. This marks the 40th deal executed by TLG Capital.

Founded by Chid Liberty and former Miss Africa, Georgie Badiel Liberty, L&J is celebrated for its vibrant, culturally rich designs and ethical production standards. Read the full article

3. Alcazar Energy Partners reaches final close for renewable energy fund

Alcazar Energy Partners II (AEP-II), a Luxembourg domiciled sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets, has reached a final closing of $490 million, attracting capital from investors in North America, Europe, the Middle East and Asia.

Since first closing in November 2022, the fund has attracted eight additional investors such as the US International Development Finance Corporation. Read the full article

4. Janngo Capital leads investment in mobile marketing company

Cloud communication and mobile marketing platform LAfricaMobile has raised €4.3 million ($4.6 million) for its Series A fundraising round.

This funding round, was led by Janngo Capital, with participation from Aurélien Tchouameni and Jules Koundé of the French Football team; founders of Expensya, Karim Jouni and Jihed Othmani; SouthBridge Investments and Ciwara Capital. Read the full article

5. Egypt: Beltone Venture Capital in proptech deal

Egypt-based Birdnest, a proptech startup seeking to revolutionise the real estate investment landscape, has announced the successful closing of a pre-Series A funding round. With a mission to maximise returns for real estate investors while providing tenants with increased value, Birdnest leverages technology to streamline processes for all stakeholders involved.

The latest funding round was led by Beltone Venture Capital and CI Venture Capital. The investors acquired a 20% stake in the company, although the financial details of the investment remain undisclosed. Read the full article

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