PEafrinsights

21/06/2023

Vantage Capital has exited its flagship investment in Cap Tamarin. Cap Tamarin is a Mauritius based real-estate, hospitality, education and agricultural company that was provided with $10-million in mezzanine funding by Vantage Capital•••

https://peafrinsights.co.za/news/vantage-capital-exits-its-investment-in-cap-tamarin-mauritius/

08/06/2023

Vantage Capital has agreed to invest €30-million to buy a significant minority stake in Promamec (Morocco) which will facilitate the exit of AfricInvest from the company. Promamec is a Moroccan based medical consumables producer that was established by the Lahlou Family and has become a major player in the medical consumables sector in Africa•••

Vantage Capital to provide equity investment of €30-million to Promamec (Morocco) Vantage Capital has agreed to invest €30-million to buy a significant minority stake in Promamec (Morocco) which will facilitate the exit of AfricInvest from the company. Promamec is a Moroccan based medical consum...

30/05/2023

FarmTrace, a South African agri-tech company has raised equity funding from Secha Capital and Hassium Capital to grow its platform for farmers by expanding its software developers and engineers. FarmTrace has an agri-tech enterprise resource planning system that was established in 2015 to provide farmers with cloud software to complement their operational requirements•••

https://peafrinsights.co.za/news/farmtrace-raises-equity-funding-from-secha-capital-and-hassium-capital/

21/05/2023

Verod-Kepple Africa Ventures has raised US$43-million for its African based venture capital fund. The fund is expected to invest in technology-enhanced startups that have already begun generating revenue streams within the African continent. The funding raised came from came from investors such as SBI Holdings, Toyota Tsusho Corporation, Japan International Cooperation Agency (JICA) and Sumitomo Mitsui Trust Bank (SMTB)•••

https://peafrinsights.co.za/news/verod-kepple-africa-ventures-raises-us43-million-african-venture-capital-fund/

16/05/2023

Prescient Investment Managers has provided a R100-million (US$5.4-million) senior debt facility to Eagle Towers in order to support the company’s expansion of its operations. Eagle Towers builds and operates telecoms towers which are then leased to service providers such as MTN, Vodacom and CellC in South Africa•••

https://peafrinsights.co.za/news/prescient-investment-managers-provides-senior-debt-funding-of-r100-million-us5-4-million-to-eagle-towers/

09/05/2023

Renew Capital has invested in Teraki, an online audio platform based in Ethiopia. The platform offers audiobooks and podcasts in various Ethiopian languages and has since expanded its reach to over 38,000 users by the end of 2022•••

https://peafrinsights.co.za/news/renew-capital-invests-in-teraki-an-online-audio-platform-based-in-ethiopia/

26/04/2023

Koolskools, a Morocco based education technology startup, has raised US$960,000 from Azur Innovation Fund through an equity investment. The startup is an educational platform that digitises interactive courses and study exercises including remediation processes.

Azur Innovation Fund is a Moroccan based public-private seed fund which provides equity capital and quasi-equity financing for innovative start-ups in Morocco•••

https://peafrinsights.co.za/news/morocco-based-koolskools-raises-us960000-from-azur-innovation-fund/

22/04/2023

Happy Eid Mubarak from PEafrinsights

09/04/2023

Indorama Corporation, the Singapore based corporate, has acquired a 15% stake in the African based Indorama Eleme Fertilisers and Chemicals, a company that produces over 1.4-million tons of fertilizer including urea. The production plants are in Nigeria and Senegal and mainly exported to Brazil and India•••

https://peafrinsights.co.za/news/indorama-corporation-acquires-15-stake-in-indorama-eleme-fertilisers-and-chemicals-nigeria/

23/03/2023

Chari.ma (based in Morocco) has raised US$1-million from Orange Digital Ventures in a funding round expected to further expand the startup’s e-commerce operational capabilities. Chari.ma provides e-commerce facilities that allow local stores to buy products from entrepreneurs in Morocco with a free delivery service that delivers in less than 24 hours•••

https://peafrinsights.co.za/news/chari-ma-raises-us1-million-from-orange-digital-ventures-morocco/

17/03/2023

BluePeak Private Capital has invested US$20-million in Watu Africa to further assist with its expansion in the East African region. Watu Africa is a leading East African asset leasing company focused on improving mass-market mobility. The company has provided over 600,000 loans across 7 countries and positively impacted the lives of more than 3.6-million people•••

https://peafrinsights.co.za/news/bluepeak-private-capital-invests-us20-million-in-watu-africa/

02/03/2023

Futuregrowth has invested US$4.5-million in a prop-tech startup platform Flow Living together with Kalon Ventures, Vunani Capital, Endeavour, CRE Venture Capital and Steve Heilbron (former CEO of Cash Connect)•••

https://peafrinsights.co.za/news/flow-living-raises-us4-5-million-from-investors-led-by-futuregrowth/