DealMakers AFRICA
e-Finance for Digital and Financial Investments has acquired Tamweely, a MSME and non-banking financial services provider in Egypt, from a consortium of investors comprising SPE PEF III (SPE Capital), the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV) and British International Investment (BII).
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing US$25 million in equity in Jumia Technologies AG (Jumia), a pan-African e-commerce platform, with operations across eight African countries.
Fortuna Mining Corp has announced the acquisition of the 190 km² Bambadji advanced gold exploration project in Senegal, through the purchase of certain Senegalese subsidiaries held by Barrick Mining Corporation and IAMGOLD Corporation. The US$200 million consideration was paid in cash and Fortuna has granted the sellers a 0.5% net smelter return royalty on the first 1,75 million ounces of gold produced from the Bambadji Nord property.
African Development Bank Group has approved a US$255 million loan from the African Development Fund and a $10 million grant from the Rome Process/Mattei Plan Financing Facility to support Zambia’s participation in the Lobito Corridor development initiative. The Lobito Corridor spans Southern and Central Africa, linking Angola, the Democratic Republic of the Congo and Zambia from the Port of Lobito to the Copperbelt region.
Continental Holdings became the 17th company to list on the Malawi Stock Exchange on 10 August 2026 following the close of its IPO which had a 93% subscription rate. A total of 701,834,576 shares were allotted of the 753,308,604 on offer, raising MWK135,5 billion.
DealMakers AFRICA is the continent’s quarterly M&A publication
www.dealmakersafrica.com
