DealMakers AFRICA

Alternative asset management firm, BluePeak Private Capital has invested US$25 million in Robust International to contribute to the expansion of Robusts’ processing capacity in its main operating markets including Nigeria, Côte d’Ivoire, Burkina Faso and Mozambique. Robust is a pan-African processor and exporter of agro-commodites with a focus on cashew nuts and sesame seeds.

Kofa Technologies and PASH Global are expanding Kofa’s battery swapping network in Ghana through a Special Purpose Vehicle (SPV) backed by a £2,35 million commitment from Shell Foundation (co-funded by the UK Government through its Transforming Energy Access platform). The expanded battery network is targeting a deployment of 6,000 batteries and up to 100 swop stations across Ghana.

Egyptian edtech, Farid has secured US$250,000 in pre-seed funding from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan, to expand its educational platform and enter Saudi Arabia and the UAE markets.

Goodwell Investments, via uMunthu II, has announced an undisclosed investment in Ugandan technology-focused financial services company Agent Banking Company of Uganda (ABC). This is Goodwell’s first investment in Uganda.

Shorooq Partners has led a US$2 million pre-seed funding round in Egyptian fintech SETTLE. Other investors include El Sewedy Capital Holding, Acasia Ventures, and Plus VC. The company will use the funds to accelerate its move into the global market.

Regfyl, a Nigerian anti-money laundering compliance startup, has raised US$1,1 million in pre-seed funding. Investors included Techstars, RallyCap Ventures, DCG Expeditions, Africa Fintech Collective, Musha Ventures and several angel investors.

The International Finance Corporation has announced that it is providing Marifala Gallery Sarlu (Marifala) with a loan of up to US$13 million to help Marifala construct a modern industrial complex to consolidate and expand its operations. The scaling of operations will help create jobs and increase access to good quality and affordable furniture in Guinea.

Sultan Ventures, a US-based Venture Capital firm has acquired Acasia Group, an Egyptian angel investment syndicate and incubator. Financial terms were undisclosed.

EYouth and a number of Egyptian businessmen, including Mohamed Farouk, Ahmed Tarek, Mustafa Abd Ellatif and Mokhtar Ahmed, have launched NextEra Education, an initiative aimed at modernising the educational landscape in Egypt with an investment of US$42 million (EGP2 billion). NextEra will focus on embedding AI into educational processes, ensuring personalised, cutting-edge learning experiences that prepare students for the future workforce.

DealMakers AFRICA is the Continent’s M&A publication
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