DealMakers AFRICA
Nigeria’s Raenest has acquired Remitise, a UK payments company registered with the Financial Conduct Authority (FCA). Financial terms were not disclosed. The acquisition gives Raenest the infrastructure behind its UK operations, creating room to strengthen local operations, build deeper financial partnerships, and develop new capabilities over time.
Laprophan, a Mediterrania Capital Partners’ portfolio company, opened its Initial Public Offering (IPO) on the Bourse de Casablanca on 9 November.
Proparco announced it is investing €600,000 in Sudanese fintech Cashi. Cashi is developing digital payment solutions to expand access to financial services across overlooked markets in Africa. Building on the experience of establishing alsoug.com, which became Sudan’s leading online marketplace, Cashi was created to overcome the limitations of traditional payment infrastructure and enable individuals and businesses to participate more fully in the digital economy, particularly in underserved areas.
Adenia Partners has completed the partial exit of its investment in Quick Mart PLC, Kenya’s second-largest supermarket chain, following the successful completion of an oversubscribed KES15 billion offer and the company’s listing on the Nairobi Securities Exchange on 12 November 2026. The offer, made by Sokoni Retail Kenya, comprised 2 billion existing shares, representing 50% of Quickmart, at KES7.50 per share, raising KES 15 billion for the selling shareholders. At the offer price, Quickmart’s 4 billion shares imply a market capitalisation of KES30 billion.
Zambian fintech Mighty Fin has raised over US$750,000 in 2026 to expand access to working capital for small businesses. The round was led by Chui Ventures, with participation from DRK FOUNDATION, Digital Africa (through its Fuzé programme) and other partners. Mighty Fin provides fast, short-term working capital to SMEs, directly and through embedded finance partnerships across agriculture and consumer goods value chains.
The International Finance Corporation (IFC) announced a partnership with Senegalese agricultural technology company, Tolbi. By 2030, the IFC’s investment in Tolbi, in partnership with the GAFSP Business Investment Financing Track (BIFT), aims to provide 2 million farmers and cooperatives with agronomic advice, access to finance, and links to markets. The investment will support the expansion of Tolbi’s precision agriculture services. Tolbi combines satellite imagery, artificial intelligence, and data collected by field agents to monitor crops, estimate yields, and provide tailored advice. This helps farmers make better planting and input decisions and gives lenders, insurers, and buyers greater visibility into production and risks. Financial terms were not disclosed.
DealMakers AFRICA is the continent’s quarterly M&A publication
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