Africa Deal Tracker March 2021

In association with African Business Magazine, market leaders in providing country supplements, industry reports and market intelligence on Africa.
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Deal news


RCF and Beedie Capital invest $35m in Burkina Faso’s Bomboré Gold Project

Resource Capital Fund VII and Beedie Capital have provided a $35m convertible note facility with an interest rate of 8.5% to Orezone Gold Corporation to fully finance the construction of the Bomboré Gold Project in Burkina Faso.

CDC announces $100m investment in Egypt’s Alfa Medical Group

CDC Group, the UK development finance institution, has reported a $100m minority equity stake in Alfa Medical Group (AMG). AMG is one of the largest healthcare providers in Egypt and consists of 140+ medical labs, six radiology centres and a 170-bed hospital, with two further hospitals and the Alfa Medical City under construction.

Trafigura acquires minority stake in solar company Bboxx

Multinational commodity trading company Trafigura has purchased a minority stake in UK company Bboxx.

The company manufactures, distributes and finances decentralised solar-powered systems across Africa and is about to embark on its next stage of growth. The size of the stake and the value of the deal have not been disclosed.

Janus Capital invests $13m in Highview Enterprise

Janus Capital, the investment arm of multinational conglomerate Janus Continental Group, is investing $13m in renewable energy storage company Highview Enterprise Limited, a developer of liquid air long-duration energy storage systems.

Glass manufacturer Pasabahce Egypt secures $30m from IFC

The World Bank’s International Finance Corporation (IFC) has announced a financing package worth $30m for glassware manufacturer Pasabahce Egypt to help the company boost exports, introduce cleaner production practices and create jobs.

MTN sells its stake in BICS to Belgium’s Proximus for $121m

South African multinational mobile telecoms company MTN Group has announced that it will sell its 20% shareholding in telecom provider BICS to Belgian statecontrolled telecoms firm Proximus for $121.41m.

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