Category: New Investments

Summit Africa, a South African fund manager, has launched its second private equity fund, Summit Private Equity Fund II (SPEF II), with an initial $20 million anchor investment from British International Investment (BII), the UK’s development finance institution and impact investor.

The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have committed €4 million to support the expansion of Emerging Cooking Solutions (Supamoto) in Zambia.

West African super app Gozem has raised $30 million in Series B funding to drive its expansion and enhance digital services across Francophone Africa.

Alterra Capital Partners has announced an investment in ARP Africa Travel Group, collaborating with the founding family to drive the company’s expansion across East Africa and beyond.

Africa Finance Corporation (AFC), a key player in infrastructure financing across the continent, has successfully raised $400 million through a Shariah-compliant Commodity Murabaha facility.

KCB Bank Kenya has received a significant financial boost from British International Investment (BII), securing a $100 million Tier 2 capital facility aimed at expanding lending to climate-related initiatives and women-owned businesses.

Oze, a Ghanaian fintech startup specializing in digital recordkeeping and financial services for micro, small, and medium enterprises (MSMEs), has received fresh funding from investors, including Visa and DEG.

Africa-focused agribusiness investment firm AgDevCo has received a significant financial boost through an $85 million joint investment from Swedfund, British International Investment (BII), and Norfund.

The British International Investment (BII) has announced an additional $4 million investment in SunCulture, a Kenya-based company specializing in solar energy solutions and irrigation equipment.