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.
Nigerian clean energy company Arnergy has secured $15 million in new Series B funding, bringing its total for the round to $18 million following a $3 million raise in 2023.
Flend, a financial technology company focused on small and medium-sized enterprise (SME) lending, has secured $3 million in seed funding through a combination of equity and debt financing.
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