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Nedbank Group has struck a binding agreement to purchase iKhokha, a prominent South African fintech provider, for approximately R1.65 billion (about US$94 million) in an all-cash transaction.

FSDAi Nyala Facility BV, a venture established by FSD Africa Investments, has announced a US$1 million investment in First Circle Capital Africa Fund I.

Mediterrania Capital Partners, a private equity firm focused on growth investments in Africa, has officially announced the final close of its latest fund, Mediterrania Capital IV Mid Cap (MC IV), with total commitments reaching €600 million.