DealMakers AFRICA
Miro Forestry and Timber Products, a sustainable forestry and plywood manufacturing company employing over 4,000 people in Sierre Leone and Ghana, has secured new funding in a round led by Lagata, a specialist in forestry investment. Existing shareholders British International Investment, FMO, and Finnfund, as well as Mirova are also participating in the new capital raise.
West African mobile money platform, Wave Mobile Money, has raised US$137 million in debt financing. The funding round was led by Rand Merchant Bank and included British International Investment, Finnfund and Norfund. Wave operates in eight markets across Africa and will use the funding to boost working capital and drive expansion across existing and new markets.
Kenyan mobi-tech startup, BuuPass, has secured investment from Yango Ventures the corporate venture capital arm of global ride-hailing and tech conglomerate Yango Group. BuuPass offers a comprehensive platform that enables users to book buses, trains, flights, and parcel delivery services, while also equipping transport operators with back-office tools for managing inventory, payments, and fleet logistics.
Persea Oil, an avocado oil processing company operating in Kenya and Tanzania has secured a US$1 million loan facility, comprising $500,000 for working capital enhancement and a $500,000 for capital expenditure, from Sahel Capital through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
Egyptian agri-fintech, AgriCash, has raised an undisclosed amount in seed funding in a round led by Alex Angels that also included participation by regional investors. Founded in 2024, AgriCash provides farmers with a digital financing platform offering AI-powered agronomic insights, crop insurance, BNPL financing, and access to markets. The new capital will help scale operations across Egypt and expand into regional markets, enhance its AI-driven infrastructure and finalise integrations with key insurance and financial partners.
DealMakers AFRICA is the continent’s quarterly M&A publication
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