Wednesday, December 4, 2024

Who did what this week across the African continent?

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Smile Identity has acquired Inclusive Innovations, the parent company of a Ghanaian identity verification software developer, Appruve. Financial terms were not disclosed. The acquisition strengthens Smile Identity’s presence in Ghana and also aids it’s expansion into francophone Africa, focusing on Côte d’Ivoire and Senegal.

InfraCo Africa, part of the Private Infrastructure Development Group, has invested US$1,5 million in Uganda’s Afresco. The investment will support Afresco’s ‘Energy-as-a-Service’ offering to Commercial & Industrial clients in Uganda, Malawi and the DRC.

The UAE’s Ignite Power has acquired the solar solutions portfolio in Kenya of Mwezi Limited. The company did not disclose any financial terms. The acquisition will expand Ignite’s presence in the East Africa country.

DealMakers AFRICA is the Continent’s M&A publication.

www.dealmakersafrica.com

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