Category: New Investments
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Development Partners International Invests $50 Million to Support Kazyon’s Expansion Across MENA
Development Partners International (DPI), the London-based private equity firm, has committed an additional $50 million in follow-on funding to support Kazyon, the fast-growing Egyptian discount retail chain, as it scales operations across the Middle East and North Africa.
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Mirova Invests $19 Million in Kenya’s Cold Solutions Kiambu to Scale Climate-Smart Cold Chain in East Africa
Mirova has committed $19 million to Cold Solutions Kiambu SEZ Limited, supporting the expansion of climate-aligned temperature-controlled logistics infrastructure in Kenya.
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EIB Global Commits $80 Million to RMBV Fund Targeting Egypt’s Private Sector
The development-focused arm of the European Investment Bank (EIB Global) has agreed to contribute $80 million to the RMBV North Africa Fund III, reinforcing efforts to strengthen the private sector in Egypt and the broader North African region.
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DEG Commits $20 Million to REGMIFA to Expand MSME Lending Across Sub-Saharan Africa
German development finance institution DEG has reported a $20 million commitment to the Regional MSME Investment Fund for sub-Saharan Africa (REGMIFA), adding fresh capital to a vehicle that finances smaller businesses indirectly by lending to local financial institutions.
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PIDG Backs Sanivation’s Naivasha Expansion With $3.3 Million to Scale Waste-to-Energy Solutions in Kenya
The Private Infrastructure Development Group (PIDG) has committed $3.3 million in equity financing to scale Sanivation’s waste-to-value operations in Kenya, specifically backing the expansion of its facility in Naivasha.
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Sahel Capital Secures $29 Million First Close for West Africa Agribusiness Fund II
Sahel Capital has secured $29 million in initial commitments for its newest agribusiness investment vehicle, the Sahel Capital Agribusiness Fund II (SCAF II), marking the first fundraising milestone for the firm’s latest growth equity effort.
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Nigeria’s MAX Raises $24 Million to Scale Electric Mobility Financing
Metro Africa Xpress (MAX), a Lagos-based mobility financing firm, has secured $24 million in a combined equity and debt investment, reinforcing its shift to electric vehicle (EV) financing across West and Central Africa while building on recent profitability in its home market.
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Impact Fund Denmark Commits $15m to Verdant Capital Hybrid Fund to Expand Small Business Financing Across Africa
Impact Fund Denmark has declared a new $15 million investment in the Verdant Capital Hybrid Fund (VCHF) to expand financing for small businesses and entrepreneurs across Africa.
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DEG Backs Cygnum Capital’s Africa Go Green Fund with €30m to Scale Climate Solutions in Africa
DEG, Germany’s development finance institution, has agreed to provide a €30 million loan to the Africa Go Green Fund (AGG), a debt fund managed by Cygnum Capital, to support the expansion of climate-oriented businesses across the African continent.