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. Eos Capital in Namibia blueberries deal

Loxworth Capital has announced a significant strategic investment in its portfolio company, Namibia Berries. Eos Capital, through its Euphrates Agri Fund, has acquired a 15% stake in Namibia Berries, strengthening the company’s growth trajectory. This partnership aims to significantly boost local blueberry production, contributing to Namibia’s agricultural sector and positioning the country as a key player in the global blueberry market.

Namibia Berries, a hydroponic blueberry producer based in Divundu, in northern Namibia, is poised for significant expansion. Over the next 5-7 years, the company aims to expand its operational area to over 500 hectares. Read the full article

2. AHL, Everstrong and Beyond Capital back East African electric motorbike company

Africa’s EV energy tech company, Ampersand, has raised further equity, bringing the funding total raised in the last 12 months to $21.5 million, demonstrating continued investor appetite for the company’s approach to electrifying Africa’s millions of motorcycles.

The latest investments are from AHL Venture Partners, an Africa-focused venture fund, and Everstrong Capital, an infrastructure investor constructing the Usahihi toll road between Nairobi and Mombasa. Beyond Capital Ventures has reinvested in a follow-up to its Series A equity commitment. Read the full article

3. DOB Equity appoints new CEO

DOB Equity, an impact investment fund in East Africa, has announced the appointment of Karen Serem Waithaka as its new chief executive officer.

Serem Waithaka brings over 15 years of experience in the financial services sector, spanning across venture capital, private equity, and corporate finance. Read the full article

4. South Africa: Omnisient lands $7.5m investment from Arise

South African fintech start-up Omnisient has received a $7.5 million investment from Arise, a company that invests in African financial service providers and fintechs that advance financial inclusion.

Founded in December 2019, Omnisient is a privacy-preserving data collaboration and insights platform that allows the owners and users of consumer data to collaborate to extract commercial insights without compromising consumer privacy. The technology provides a controlled, secure environment in which data can be analysed. Read the full article

5. KBW Ventures invests in Egyptian climate technology startup

KBW Ventures, founded by Khaled bin Alwaleed, a member of the Saudi Arabian Royal Family, announced its investment in NoorNation, an Egyptian climate technology startup.

Founded by Ragy Ramadan and Mohamed Khaled, NoorNation provides technology-enabled decentralised energy and water infrastructure solutions to the off-grid sector across Egypt and sub-Saharan Africa. Read the full article

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