Category: New Investments

Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment into Coris Holding, the second-largest banking group in the West African Economic and Monetary Union (WAEMU) region.

Germany’s development finance institution DEG has announced a US$25 million commitment to Helios Fund V, the fifth private-equity vehicle managed by London-based Helios Investment Partners.

The African Development Bank (AfDB) has pledged US$75 million in financing to Nyanza Light Metals, a South Africa–based company, to help establish a titanium-dioxide pigment production facility in the Richards Bay Industrial Development Zone (RBIDZ), KwaZulu-Natal.

The global climate finance body, the Green Climate Fund (GCF), has pledged up to US$40 million to the third fund of Novastar Ventures in Africa — the Africa People and Planet Fund III (NVIII).

Cassava Technologies, the pan-African digital-infrastructure group founded by Strive Masiyiwa, has announced that it has secured a strategic investment from global chip manufacturer NVIDIA.

Enterprise-AI startup Velents.ai has raised US $1.5 million in a new funding round as it launches Agent.sa, which it describes as the first fully integrated Arabic-speaking AI employee tailored for organisations across the Middle East.

Canada’s development finance institution, FinDev Canada, has committed a USD 100 million loan to the Africa Finance Corporation (AFC), a major infrastructure financier in Africa.

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has proposed plans to invest up to US $7 million in the Moroccan proptech startup Yakeey.

Nigerian fintech Moniepoint Inc. has successfully raised more than US$200 million in a Series C equity financing round.