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. West Africa: Janngo Capital leads $17m investment in Djamo
Djamo, a financial services app focused on mobile banking in Francophone Africa, has raised $17 million in equity funding to expand its offering for both consumers and small businesses.
The $17 million investment round was led by Janngo Capital, with participation from SANAD Fund for MSMEs (managed by Finance in Motion), Partech, Oikocredit, Enza Capital and Y Combinator. Read the full article
2. DOB Equity invests in Kenya's FarmWorks
DOB Equity has made an investment in FarmWorks, a Kenya-based agribusiness company focused on providing smallholder farmers with consistent off-take channels for their produce.
This investment will help FarmWorks expand its sourcing network, enhance its technology platform, and broaden its product offerings. Read the full article
3. IFC proposes investment in $1bn TPG fund
The International Finance Corporation has disclosed a proposed investment of up to $100 million, along with a co-investment envelope of $50 million, in TPG Rise Climate Global South Initiative. The fund is a private equity vehicle, with a target of $1 billion, focusing on growth-stage climate-themed investments across emerging markets.
The fund will invest across emerging markets, including Brazil, India, Africa, the Middle East, and Southeast Asia. Read the full article
4. Criterion Africa Partners promotes Jim Heyes to managing partner
Criterion Africa Partners today announced the promotion of Jim Heyes to managing partner. In this role, Heyes will continue to play a leading role in the firm's investment strategy and operations. He has nearly 20 years of experience in forestry transactions, with a significant portion dedicated to investments across Africa. Read the full article
5. Triple Jump’s Financial Inclusion Resilience Fund hits $85m
The Triple Jump Financial Inclusion Resilience Fund (FIRF) had raised $85 million as of February 2025
FIRF was launched in 2022, with initial commitments from the Dutch Good Growth Fund, ASN Microkredietfonds, and the US Development Finance Corporation, reaching a first close of $72 million. Read the full article
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