In association with African Business Magazine, market leaders in providing country supplements, industry reports and market intelligence on Africa.
FEI OGEF invests $4m loan to solar solutions provider Bboxx
Solar solutions provider Bboxx has secured a $4m loan from FEI OGEF, a debt fund managed by Lion’s Head Global Partners, to accelerate energy access in the DRC.
Tech services provider EOH sells Syntell for $13.6m
African technology service provider EOH, through its subsidiary EOH Mthombo, has sold Mars Holdings and its principal business, Syntell, to a consortium led by current Syntell executive directors for a base price of $13.6m.
IFC invests $10m in Carrières et Chaux du Mali
IFC has announced that it will invest nearly $10.7m in Malian quicklime and agriculture lime producer Carrières et Chaux du Mali to help the company increase its production.
MetroFibre Networx raises $97.6m in funding round
Broadband provider Metro-Fibre Networx has raised $97.6m in a new funding round led by infrastructure- focused private equity fund manager AIIM.
MultiChoice acquires 20% stake in BetKing for $116m
MultiChoice Group will buy a 20% stake in Africa-focused sports-betting platform Bet-King for as much as $116m, giving it access to a sector that emerged as a winner from lockdown restrictions, which have encouraged home-bound entertainment.
CDC commits additional $100m to agreement with Standard Chartered
CDC Group has committed an additional $100m to its existing master risk participation agreement with Standard Chartered. The increase in commitment will provide Standard Chartered with systemic liquidity to directly support trade lines to local banks across South Asia and sub-Saharan Africa.
CFM and Eos Capital to invest $60m in kelp farm project in Namibia
CFM, Kelp Blue and the Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, have partnered for the commercial development of the world’s first large-scale kelp farm. Kelp is a fast-growing seaweed and can boost marine biodiversity and improve fish stocks while generating additional ecological benefits.