DealMakers AFRICA

Vantage Capital, has provided US$45 million of mezzanine debt funding to the International Group for Modern Coatings (MIDO), an Egyptian manufacturer of specialty paints and coatings. The proceeds will be used for debt refinancing and working capital funding, which will enable MIDO to unlock its production capacity.

BNP Paribas and Holmarcom Finance Company have concluded an agreement for the sale by BNP Paribas to HFC of its entire 67% controlling interest in Morocco’s Banque Marocaine pour le Commerce et l’Industrie (BMCI). Financial terms were not disclosed.

Ethiopia‑based electric mobility company Dodai, has announced the successful closing of its US$13 million Series A financing round, comprising $8 million in equity and $5 million in debt. The round includes participation from Value Chain Innovation Fund, UTokyo Innovation Platform Co, Nagase & Co., Persistent ACV Fund, For Seasons, CBC Co, and Inclusion Japan, alongside British International Investment (BII) who provided the $5 million debt funding.

Zambeef Products, a fully integrated cold chain food products and retail business with operations in Zambia, Nigeria and Ghana, has announced the conversion of the British International Investment’s (BII) preference shares to ordinary shares. In accordance with the terms of the investment agreement dated 3 August 2016, BII exercised its right to convert all of its 100,057,658 convertible redeemable preference shares into Zambeef ordinary shares. The Company has now issued 308,511,112 new ordinary shares of ZMW 0.01 each to BII, effective on 29 April 2026.

Food delivery app, Swoop, has raised a US$7,3 million seed round to launch in Nigeria. The round was led by Long Journey, Variant, Version One Ventures, Dune Ventures, and Soma Capital, with participation from Zero Knowledge Ventures, Walter Kortschak, Basecapital.io, and others.

Copper Intelligence has confirmed the acquisition of the Kitungu Exploration Licence PR-15880 in the Democratic Republic of Congo. The licence is located approximately 73 kilometres (straight–line distance) from Lubumbashi and covers an area of 764.55 hectares. The Kitungu project is located within the highly prospective DRC copper belt and is surrounded by other operating mines and projects, including the Kinsvere project, which holds an estimated 30 million tonnes at 3.65% copper operated by MinMetal Resources. Financial terms were not disclosed.

Mediterrania Capital Partners announced the acquisition of 100% of Société Marocaine des Manufactures de Mohammedia (SMMM), the holding company of Amcor Flexibles Mohammedia (AFM), from Amcor Group. AFM is a Moroccan manufacturer of flexible packaging solutions, primarily serving the dairy industry, as well as the pharmaceutical, food and home and personal care sectors. Financial terms were not disclosed.

RISMA, a company listed on the Casablanca Stock Exchange, announced the signing of a final sales agreement (an initial agreement was signed in February) with Albatros. part of the Pickalbatros Group, regarding the sale of the Sofitel Casablanca Tour Blanche hotel, located in the historic centre of Casablanca. The property was sold for MAD450 million.

International Finance Corporation is providing a €9 million long‑term loan (a multi-purpose financing structure covering both working capital and capex across several subsidiaries) to scale Groupe Talys’ flagship businesses: Sanifer, Madagascar’s largest importer and distributor of construction materials and home‑improvement products, and Kibo, its cash‑and‑carry grocery retail concept.

Enko Capital, through its Impact Credit Strategy fund, has invested in Angola’s Metalosul, a subsidiary of the Omatapalo Group, that has been awarded the development of a 724MW solar infrastructure project. The funding will be used to finance the acquisition of photovoltaic panels for the Luanda site.

Swissport has signed a share purchase agreement to acquire a majority stake in CV Handling, the main ground handling provider across seven airports in Cabo Verde. Swissport said the transaction follows a privatisation process led by the government of Cabo Verde, in which it was selected as the preferred bidder for a controlling stake in CV Handling.

The International Finance Corporation and Standard Chartered Plc have launched a US$300 million risk-sharing facility to expand supply chain finance across eight African markets. IFC will provide guarantees of up to $150 million from its own account, with a first tranche of $100 million committed to back transactions in U.S. dollars and selected local currencies. The programme will operate in Côte d’Ivoire, Egypt, Ghana, Kenya, Nigeria, South Africa, Tanzania and Zambia, covering payables finance, receivables discounting and pre-shipment instruments.

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