DealMakers AFRICA

British International Investment (BII) has committed US$25 million in financing to Rawbank, a commercial bank in the Democratic Republic of Congo (DRC). The facility will strengthen Rawbank’s ability to increase access to finance for non-mining corporates and small and medium-sized enterprises (SMEs) across the country.

Kenya Pipeline Company Plc announced the results of its Initial Public Offering (IPO) that closed in February. The IPO was oversubscribed at 105.7%. 11,812,644,350 ordinary shares at an offer price of KES9.00 per share were issued, raising KES106 billion (US$820 million). Trading in the shares on the NSE is expected to commence on 10 March 2026.

Phatisa has sold its majority stake in Copperbelt Agri Holdings, the holding company of Zambian table-egg producer, Goldenlay, to Vanden Avenne, a Belgian integrated feed and protein manufacturer. AgDevCo, a long-term debt provider to Goldenlay, has also exited as part of the transaction. Management will reinvest alongside Vanden Avenne, ensuring continuity and alignment as the company enters its next phase of growth. Financial terms were undisclosed.

Platinum Credit Uganda, a subsidiary of The Platcorp Group, has secured a US$4 million loan from Swiss asset manager. The investment, provided over a term of 24 months, was disbursed for deployment on December 22, 2025. The funding will be used to expand their financing for low-income households and micro, small, and medium enterprises (MSMEs) across Uganda.

Moroccan mobility startup, Weego, has raised US$1,1 million in a new funding round led by Azur Innovation Fund. Weego operates a mobility-as-a-service (MaaS) application that integrates multiple transportation options into a single platform. The investment will support the expansion of the company’s MaaS platform and accelerate its growth across African markets.

Globeleq has acquired a 51% equity stake in Lunsemfwa Hydro Power Company (LHPC) from Norfund. The remaining 49% of LHPC is owned by Wanda Gorge Investments, a Zambian-based infrastructure investment company. LHPC, based in Kabwe, Zambia’s Central Province, operates two hydroelectric power plants with a combined capacity of 56 MW and is constructing a 27 MWp solar PV project. Its growth pipeline includes a 200 MWp solar portfolio and various hydropower expansions. The financial terms were not disclosed.

Oyass Capital has invested in Senegal’s Eyone Medical through a financing of XOF1 billion (US$1,8 million), supplemented by non-financial support via dedicated technical assistance. The funding will be used in the deployment of the Single Patient Record, a strategic project led by the State of Senegal aimed at modernizing the health system and improving patient care.

DealMakers AFRICA is the continent’s quarterly M&A publication
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