Who's doing what in the African M&A space?


Who's doing what in the African M&A space?


Published Date: 2021-07-16 | Source: DealMakers | Author: Marylou Greig

Who's doing what in the African M&A space?

DealMakers AFRICA

  • AgDevCo, a social impact investor working in the African agriculture sector, has announced a mezzanine debt investment in Kenyan aquaculture company Victory Farms. The multi-million dollar mezzanine investment which will more than double the size of the business, will be used to scale operations in East Africa.
  • Brmaja, an Egyptian IT services and solutions company, has acquired a 50% stake in An-Nisa Taxi, a Kenyan transportation app for women by women. The partnership will strengthen the brand and contribute to its growth and subsequent expansion across Africa.
  • Yeelen Capital, a private equity firm, has through its Financial Fund invested $6,3 million in to Groupement d'Assurances Modernes Multiformes en Afrique (GAMMA), a holding company of two insurance firms in Mali - Sonavie and Sabunyuman.
  • Condor Kite, a Mauritian-based property company, has been given the go-ahead by the Namibian Competition Commission to acquire the Safari Hotel for an undisclosed sum.
  • AP Moller, via its Africa Investment Fund, has received regulatory approval to acquire Thika Power, a thermal electricity generating plant in Nairobi.
  • Yodawy, a Cairo-based healthtech startup which has built a digital pharmacy market place that serves all the stakeholders of the healthcare ecosystem, has raised US$7,5 million in a Series B round. The round was led by Middle East Venture Partners and Algebra Ventures with the participation of CVentures, P1 Ventures and Athaal Angel Investors Group. Yodawy will use the funding to roll out additional value add offerings to its growing network and expand into other key emerging markets.
  • Damanesign, a newly formed Morocco-based startup providing companies with digital trust solutions, has raised US$450,000. The startup provides electronic signatures, electronic seals time stamping and other digital services to companies. The funds, raised from the Maroc Numeric Fund II, will be used to further develop its products and scale operations.
  • ShipBlu, an Egyptian logistics startup, has secured an undisclosed amount in pre-seed funding in a round led by Nama Ventures with participation from Y Combinator and other angel investors. ShipBlu which provides e-commerce fulfilment services utilising artificial intelligence and machine learning technology will use the funds to scale its operations.
  • Elmenus, a food delivery platform based in Egypt, has secured US$10 million in a pre-Series C investment round. The round was supported by Fawry Group, Marakez and Luxor Capital.
  • Ada Animation, an entertainment tech company, has raised pre-seed capital from Platform Capital, a Nigerian venture capital firm, through its technology vehicle, Unicorn Group. The funds will be used to support the tech company's ambitions to hire talent, create African content and further develop its technology.
  • GetEquity, a Lagos-based fintech startup which aims to connect funders and startups, has completed a undisclosed six-figure funding round. The round was led by GreenHouse Capital, an African fintech investment fund.

  • DealMakers Africa is the Continent's M&A publication.

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