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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Standard Bank supports battery energy storage system project
Standard Bank has supported the financial close of the Red Sands Battery Energy Storage System project. Read more
Here are summaries of the five most widely read stories the past week on Africa Private Equity News.
1. Morocco: AfricInvest makes investment in Unisystem Group
AfricInvest has invested in Unisystem Group, a Morocco-based provider of electronic security, digital infrastructure and energy solutions, as the company undertakes a strategic reorganisation to strengthen its market position and support future growth. As part of the restructuring, the group has established USG Technologies, a new holding company that will oversee its various entities and drive expansion into high-potential business segments. Read the full article
2. Ghana: Verod Capital exits education business
Verod Capital Management has announced the exit of its Verod Capital Growth Fund II from TAG West Africa, with existing shareholder Transnational Academic Group acquiring the fund’s stake. TAG West Africa owns and operates the Lancaster University Ghana campus.
In 2023, TAG West Africa partnered with the UK’s Lancaster University to establish Lancaster University Ghana. Based in Accra, it is the first and only research active British university campus in mainland Africa and offers courses at foundation and undergraduate levels. Students graduate with an internationally recognised Lancaster University degree certificate. Read the full article
3. Alterra Africa Accelerator Fund I receives commitment from Swiss DFI
Swiss development finance institution SIFEM has made an investment in the Alterra Africa Accelerator Fund I. The fund seeks to provide catalytic capital and hands-on support to early-stage, high-growth businesses across Africa.
The fund targets innovative companies in sectors such as agribusiness, education, and healthcare. Read the full article
4. One Acre Ventures in East African agribusiness deal
One Acre Ventures, the new investment vehicle of One Acre Fund, advised by IDH Invest, has made an investment in Enimiro, a Uganda-based vertically integrated agribusiness working with over 4,600 smallholder farmers to produce and export organic vanilla. With the new funding, Enimiro plans to diversify into coffee. Read the full article
5. African Development Bank backs decentralised renewable energy platform
The African Development Bank (AfDB) has approved a $40 million equity investment in Project Zafiri to accelerate the expansion of renewable energy access across Africa.
Zafiri – jointly developed by the AfDB, World Bank Group and other partners – aims to address the critical shortage of patient, longer-term equity capital needed to de-risk and scale decentralised renewable energy (DRE) solutions for underserved communities across the continent. Read the full article
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