DealMakers AFRICA
Nigerian heathtech startup Blueroomcare has raised an undisclosed pre-seed funding round led by EHA impact Ventures. Other investors in the round included TVC Labs and Innovest Africa. Blueroomcare is an online, insurance covered, therapy platform that includes mental health services such as grief counselling, couples therapy, group therapy, trauma-focused therapy and addiction therapy.
Digital investment platform Level Africa has acquired Utilis Ventures, a Ugandan investment adviser. Financial terms were not disclosed. Utilis has been rebranded to Level Africa Uganda, effective 27 June 2024.
EdVentures has invested US$400,000 in Egyptian edtech Elkheta. The educational platform supports school students in Egypt with their studies by providing exercises, exams, interactive videos and direct teacher communication.
Finnfund has provided Communication & Renewable Energy Infrastructure (CREI) with a US$5 million mezzanine loan to facilitate the installation, operation and maintenance of 413 telecom site hybrid power solutions in South Sudan. CREI is a Dubai headquartered asset management company holding a portfolio of telecom towers and renewable power assets across Africa and Asia. The Finnfund loan will be used to finance CREI’s Telecom Energy Service Company in South Sudan.
CMILES CX has been acquired by US-based QuestionPro for an undisclosed sum. The Egyptian company specialises in customer experience technology solutions.
The International Finance Corporation has announced a potential US$50 million financing packing to B5 Plus, a Ghanian iron & steel company. The funding will be used to refurbish and repurpose a newly acquired steel plant at Tema Freezone to produce rebars and wire rod coil; to install a wire rod mill at Tema Freezone; develop a 10MW solar plant in the Prampram facility and fund working capital needs.
Kenya’s Peleza International has announced that it will merge with international digital security and compliance infrastructure company Prembly Ltd. The combined business will be known as Prembly Group and will be headquartered in the United States. Financial terms were not disclosed.
Zedcrest Group has acquired RMB Nigeria Stockbrokers. Financial terms of the deal were not disclosed.
Triton Minerals has sold 70% of its stake in the Ancuabe Graphite Project, including a 70% interest in the intellectual property and drill core assets relating to the Nicanda Hill and Nicanda West projects plus 70% of its interest in the Cobra Plains mining concession, to Shandong Yulong Gold. The transaction consideration of A$17 million will be settled in three tranches.
Enko Education has expanded into its 10th African country with the acquisition of Cours Lumiére in Lomé, Togo. This transaction also marks the 16th school to join the African international school’s network. No financial terms were disclosed.
DealMakers AFRICA is the Continent’s M&A publication
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