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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1. Nedbank CIB commits $28m to Airnergize Capital Fund I
New GX Capital, has announced that Nedbank Corporate and Investment Banking, has committed $28 million to its Airnergize Capital Fund I. This investment increases the fund’s commitments to $161 million, advancing towards its final close target of $200 million.
Airnergize Capital Fund I was launched in April 2025, securing an initial $111 million at first close, anchored by RMB Ventures and New GX Capital. Read the full article
2. AfricInvest reaches first close of French-African Fund 3
AfricInvest Europe, the French subsidiary of AfricInvest Group, has announced the first closing of the third generation of its French-African Fund (FFA) at about €50 million.
With its Paris-based team dedicated to the FFA strategy, AfricInvest Europe has now reached assets under management of around €150 million.
Since the launch of the first FFA in January 2017, the strategy of the French-African funds has consisted of taking minority equity stakes in profitable and fast-growing French small and medium-sized companies with a link to Africa. Read the full article
3. Nigeria: All On invests $1.5m in Hinckley E-Waste Recycling
Hinckley E-Waste Recycling, an e-waste recycling company in Nigeria, has secured an equity investment of $1.5 million from impact investor All On.
The funding will allow Hinckley to set up lithium-ion and used lead-acid battery recycling facilities, the first of their kind in Nigeria. Read the full article
4. Tanzania: DOB Equity invests in agritech company MazaoHub
DOB Equity has invested in MazaoHub Precision Agriculture. The Tanzanian agritech company seeks to transform smallholder farm productivity through precision farming using a hybrid of hands on agronomic support blended with technology.
MazaoHub offers soil testing, specialised agronomy services, input distribution and market links to aggregators. The approach supports climate-smart practices, higher yields and the use of organic fertiliser, with the aim of improving farmer incomes. Read the full article
5. South African edtech company raises $11m in funding
South African education technology company The Invigilator, which provides remote assessment tools, has secured $11 million in international equity investment to back its global expansion plans.
The investment round was led by Kaltroco, a private investment firm with its headquarters in Jersey and investment professionals in Nashville, Zurich, and Cape Town. Read the full article
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