DealMakers AFRICA

The Fund for Export Development in Africa, the development equity impact investment arm of African Export-Import Bank (Afreximbank), announced a US$300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP). A2MP, head-quartered in Dubai, has evolved into a diversified pan-African platform focused on mining and processing. The platform aims to unlock and scale minerals and metals value chains sustainably across the continent. The platform currently operates a pipeline of twelve mineral assets and four processing hubs, with a diversified portfolio spanning nine countries on the continent.

Nigerian Y Combinator-backed fintech, Moni, has rebranded as Rank, while also announcing two acquisitions. The company has rebranded to reflect its wider focus, with the aim of providing a broader range of services to its customers. It has also acquired AjoMoney, a leading provider of group savings solutions, and Zazzau MFB, a licensed microfinance bank that provides services such as savings, deposits and small business loans. Financial terms of the deals were not disclosed.

Tiger Brands is disposing of its majority stake in its Cameroonian subsidiary, Chococam, as part of a broader strategy to simplify its operations and focus on its core business. The company has signed a sale and purchase agreement with Minkama Capital Ltd. and anticipates the deal to be finalised in the second half of fiscal year 2026, pending regulatory approval.

Nairobi-based Afri Fund Capital has announced the signing of a debenture agreement with Cummins C&G Limited, to support the development of 3,000MW of energy capacity under the LAPSSET Corridor Programme. The agreement establishes a collaborative framework to deliver reliable, scalable, and sustainable energy infrastructure across key project sites, beginning with Lamu.

Sahara Impact Ventures has announced an undisclosed investment in Wahu Mobility, an e-mobility company headquartered in Ghana. Through this investment, Wahu will scale its operations, expand existing assembly capacity, and empower more riders, especially women to lead Africa’s clean-mobility revolution.

Zid, a Saudi-born commerce enablement platform, has entered Egypt through a strategic partnership that includes the acquisition of Zammit for an undisclosed sum. Under the agreement, Zammit will take full operational control of Zid Egypt, spanning domestic sales, merchant acquisition, technical support, and market expansion. Zid’s infrastructure and products will be transferred for formal adoption in Egypt across Zammit’s client base.

Groupe Holged, a private education group in Morocco, has acquired École La Prairie, a well-established private school located in central Casablanca. Financial terms were not disclosed.

African Export-import Bank (Afreximbank) has extended a US$36,4 million contract financing facility to Egypt’s SAMCO-National Construction Company (SAMCO) for the construction of the Akii Bua Olympic Stadium in Uganda. The Akii Bua Olympic Stadium, located in Lira, Uganda, is expected to host some of the 2027 Africa Cup of Nations (AFCON) games which Uganda is co-hosting with its East African neighbours Kenya and Tanzania in a joint bid. The facility, granted under Afreximbank’s Engineering, Procurement and Construction (EPC) programme, which supports African EPC companies to bid for large-scale contracts in African countries, is expected to be used to finance and support SAMCO in the design, construction and development of the stadium project and in the acquisition of essential components required for the successful execution of the project.

The Presco Plc Rights Issue of 166,666,667 ordinary shares at ₦1,420 per share, opened 12 November. The offer allows existing shareholders to purchase 1 new share for every 6 shares already held. Presco specialises in the cultivation of oil palm and in the extraction, refining and fractionation of crude palm oil into finished products. The proceeds will be used for industrial expansion and for completing the acquisition of several greenfield and brownfield projects.

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