The 5 most popular stories on Africa Private Equity News this week

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

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

1. South Africa: Medu Capital exits insurance brokerage

South African private equity firm Medu Capital has announced that its Medu Capital Fund III has completed its exit from Jacana Capital, an insurance brokerage firm.

Medu Capital contributed significantly to the development of a robust platform for insurance brokerages, enhancing governance structures and bolstering the group’s leadership. Read the full article

2. Aruwa Capital and Newtown Partners in Nigerian healthcare deal

MDaaS Global, a healthtech company and operator of Nigeria’s fastest-growing healthcare network – BeaconHealth Diagnostics – has raised a $3 million Pre-Series A round of financing. The round was co-led by Aruwa Capital Management and follow-on investor Newtown Partners. It also landed additional follow-on investment from Ventures Platform, one of the company’s earliest institutional investors. This new round of financing brings MDaaS Global’s total investment to date to $6.8 million.

The additional capital will be used to further develop the company's proprietary technology platform, BeaconOS, which it launched last year, and to expand its healthcare network to all 36 states in Nigeria through a mix of company-owned and affiliate clinics. Read the full article

3. Eos Capital invests in Namibian student accommodation

Eos Capital, through the Namibia Infrastructure Development and Investment Fund (NIDIF), has invested in StudentStay, a developer of two student accommodation buildings with a combined 752-bed capacity at the doorstep of the Namibia University of Science and Technology (NUST).

This investment is expected to transform the student accommodation landscape in Windhoek and play a crucial role in fulfilling NIDIF’s mission to develop economic and social infrastructure assets in Namibia. Read the full article

4. Climate Fund Managers to manage major southern Africa power infrastructure facility

The Southern African Power Pool (SAPP), in partnership with the Southern African Development Community (SADC), announced the appointment of Climate Fund Managers (CFM) to manage its Regional Transmission Infrastructure Financing Facility (RTIFF). This is a $1.3 billion target facility focused on improving strategic interconnection and cross-border energy transmission in the Southern Africa region.

The facility, which launches with $20 million in commitments from SAPP, targets a first close of $500 million in 2025, to be raised from public and private sector investors locally and internationally, and a final close of $1.3 billion within 24 months. The facility will have a fund life of up to 20-25 years. Read the full article

5. Payments platform MoneyHash closes $4.5m seed round

MoneyHash, a payment orchestration platform in the Middle East and Africa (MEA), has raised $4.5 million in a seed funding round. The round was co-led by COTU Ventures and Sukna Ventures, with participation from RZM Investment, Dubai Future District Fund, VentureFriends, and a group of strategic investors and operators.

The payment landscape in the MEA region is highly fragmented. The complexity of the ecosystem is compounded by the region's susceptibility to payment fraud, low checkout conversion rates, and increased transaction failures. Read the full article

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