Category: New Investments

The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has received a $45 million investment from Dutch development bank FMO, with co-funding from its asset management arm, FMO Investment Management (FMO IM).

New GX Capital has revealed that Nedbank’s Corporate and Investment Banking arm has pledged $28 million to the firm’s Airnergize Capital Fund I, pushing total committed capital to $161 million as the fund nears its $200 million target.

Kenyan fintech Zanifu has secured fresh backing from Yango Ventures, the US$20 million corporate venture capital arm of global tech group Yango.

Acumen has received a major financial injection for its Hardest-to-Reach (H2R) initiative after British International Investment (BII) committed $20 million to the programme.

Accra-based impact fund Sahara Impact Ventures has disclosed a new investment in Agriarche, a Nigerian agtech startup targeting post-harvest inefficiencies that suppress farmers’ revenue and sustainability.

French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, has announced a commitment of up to $10 million in senior secured debt to ARC Ride, an electric mobility company headquartered in Nairobi.

Tanzanian agritech startup MazaoHub has secured US$2 million in an oversubscribed pre-seed round to accelerate its mission of transforming smallholder farming through a blend of artificial intelligence and hands-on agronomy.

South African private equity firm Sanari Capital has invested $14.4 million in telematics and fleet management company Ctrack, joined by $9 million from long-time partner 27four Investment Managers.

Amethis, through its pan-African Amethis Fund III, has taken a minority stake in BH Holding, a Moroccan agribusiness group specializing in the packing and export of premium fruits.