In association with African Business Magazine, market leaders in providing country supplements, industry reports and market intelligence on Africa.
Mastercard to invest $100m in Airtel Mobile Commerce
Mastercard has agreed to invest $100m in Airtel Mobile Commerce (AMC), a wholly owned subsidiary of Airtel Africa. AMC is currently the holding company for several of Airtel Africa’s mobile money operations.
Triple Jump and LHGP back pay-as-you-go solar company
Solar home systems company Baobab+ has raised €4m ($4.8m) for the expansion of its activities in Senegal and Cote d’Ivoire from the EEGF, managed by Triple Jump, and the FEl-OGEF, managed by LHGP Asset Management.
Meridiam in $48m data centre deal
The Raxio Group, a Pan African data centre developer and operator, and Meridiam, a global asset and fund manager, have partnered to deploy a network of data centres across the continent. Meridiam will Invest $48m to support the expansion.
Chinese car battery maker CATL buys stake in DRC cobalt mine
Chinese battery maker Contemporary Amperex Technology (CATL) has announced that its subsidiary Ningbo Brunp CATL New Energy Co will take a stake in China Molybdenum Co’s Kisanfu copper/cobalt mine in the DRC for $137.5m.
Blockchain used for intra-African fertiliser deal
Moroccan fertiliser company OCP Group has executed the first use of blockchain for an intra-African trade finance transaction, in a deal facilitated by the TOB. $270m worth of phosphate fertiliser exports to an Ethiopian buyer were executed through a blockchain platform.
Uzima Chicken receives $3m follow-on debt from AgDevCo
AgDevCo has made a $3m follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda.