DealMakers AFRICA

Gabonese startup, POZI, has closed a €650,000 fundraising round led by Saviu Ventures, with participation by Emsy Capital and Chazai Wamba. POZI specialises in telematics and fleet management. Using data and artificial intelligence, the platform provides managers, insurers, and institutions with predictive analytics to anticipate breakdowns and incidents, real-time performance indicators to manage their operations, and risk management solutions tailored to African realities.

Barrick Gold, a Canadian-based global mining company, has announced the sale of its interests in the Tongon gold mine and certain of its exploration properties in Côte d’lvoire to the Atlantic Group for total consideration of up to US$305 million. Owned by an Ivorian entrepreneur, Atlantic is a leading privately held multisectoral Pan-African Group with diversified interests in financial services, agriculture, and industry, and a strong footprint across 15 countries in Africa.

Inspired Evolution’s Evolution III Fund, a fund dedicated to next-generation energy transition, has committed US$20 million to Cold Solutions East Africa Holdings (CSEAHL), a temperature-controlled warehousing and logistics platform operating across Kenya, Uganda, Rwanda, and Tanzania. The investment will support the development and construction of modern cold-chain infrastructure throughout East Africa, helping to reduce post-harvest losses, strengthen food systems, enhance food security, and drive energy and resource-efficient growth in the region.

To help improve access to clean and affordable water in Sierra Leone, Zvilo Africa, a working capital lender, has partnered with So Pure to support the scale of treatment and distribution of safe drinking water across the West African country. So Pure targets low-income and middle-class households across Sierra Leone with clean water, handling every step of the supply chain: purifying the water, packaging it into half-litre sachets or large dispenser 20-litre bottles, and then distributing it to mom-and-pop kiosk shops across the Freetown region. Since 2019, the company has focused on water purification and filling up sachets sourced from a range of local packaging suppliers. An expansion phase aims to distribute 10-12 million litres of purified drinking water monthly by year-end, helping provide clean, safe and affordable drinking water to over 500,000 people.

French long-term infrastructure and impact investor, STOA, has made a US$27 million equity investment into Atlas Tower Kenya (ATK). Backed by Kalahari Capital, Atlas Tower Kenya owns and operates more than 450 telecom towers nationwide, providing critical digital infrastructure that enables mobile network operators to deliver reliable and ubiquitous connectivity. ATK has been operating in Kenya since 2019 with a blended mix of sites in urban, rural, and underserved communities.

Zambian integrated poultry producer, Hybrid, has received a debt investment from specialist impact investors, AgDevCo. The investment, a US$10 million senior debt loan, will enable Hybrid to increase its processing capacity by building a modern abattoir which will create 270 jobs and support the company’s growth.

Tagaddod, an Egyptian tech-powered renewable feedstocks platform, has closed a US$26,3 million Series A led by The Arab Energy Fund, with support from existing investors FMO, Verod-Kepple Africa Ventures and A15 Ventures. Tagaddod has developed a proprietary, tech-powered platform that collects, aggregates, and traces renewable waste-based feedstocks from thousands of suppliers, including households, restaurants, food manufacturers, and collectors across its operating markets.

Ellah Lakes an integrated agro-industrial company in Nigeria,has announced that it has entered into an agreement for the acquisition of 100% of Agro-Allied Resources & Processing from ARPN PTE, Singapore. ARPN PTE. is equally owned by Tolaram Africa PTE Ltd and Valuestar Holdings PTE. The acquired assets comprise 11,783 hectares of cultivated land (planting over 6,280 hectares of oil palm plantations and associated infrastructure), 2,093 hectares of cassava plantations land and an additional 10,393 hectares of uncultivated land. Financial terms were not disclosed.

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