Mediterrania Capital IV Fund , the International Finance Corporation, and FMO are investing €57m in Morocco’s Cash Plus. The equity investment will enable Cash Plus to expand its fintech-driven branch network within Morocco as well as enhance its product offering, with a focus on developing its M-Wallet application. Mediterrania Capital IV Fund is investing €30m, IFC is providing €10m and FMO is supplying the remaining €17m.
ARM-Harith Infrastructure Fund is investing US$18,7m into Elektron Power Infracom (EPI). The financing is made up of equity, shareholder loans and loan notes. EPI is a Mauritius incorporated decentralised energy platform dedicated to the delivery of hybrid energy solutions across West Africa, with existing assets in Nigeria.
Tlou Energy, listed on the Australian Securities Exchange, the UK’s AIM and the Botswana Stock Exchange, has raised A$678,977 through the placing of 19,399,332 new shares with Australian and UK investors. The funds will be used to developing the Lesedi project in Botswana.
Egyptian insurtech Amenli has raised US$1m in equity funding from Alter Global and Digital Venture Partners. This is Alter Global’s second investment in Egypt. The funding will allow the startup to introduce new products for existing and new customers.
DealMakers AFRICA is the Continent’s M&A publication.
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