In association with African Business Magazine, market leaders in providing country supplements, industry reports and market intelligence on Africa.
TPG fund to invest $191m in Airtel
Airtel Africa is set to sell an undisclosed minority stake in its pan-African mobile money business to private equity firm TPG for $191m, underlining the huge value of mobile financial service platforms in Africa.
Brikor acquires 40% stake in transportation company Zingaro
South African Brick manufacturer and supplier Brikor has acquired a 40% stake in multi-product road transportation services provider Zingaro Holdings for $3.4m.
E-hailer Bolt gets $23.8m capital injection from IFC
Bolt has received a $23.8m capital injection from the International Finance Corporation (IFC) to expand mobility solutions that create earning opportunities, improve access to transportation, and stimulate entrepreneurship in African and Eastern European markets.
ARISE acquires 35% of Aera Group
ARISE, the pan-African infrastructure developer and operator, has bought a 35% stake in Aera, a trader of environmental certificates in Africa, based on a valuation of €28.5m ($33.6m).
Equity Group gets $75m from AGF to support MSMEs
Equity Group has received $75m from African Guarantee Fund Group to support the bank in scaling up its lending activities to MSMEs in Kenya, Uganda, Rwanda, and the Democratic Republic of Congo.
SunFunder lends $2m to Winch Energy
SunFunder has disbursed a $2m loan to Winch Energy for the construction of 25 mini-grids in Northern Uganda.