DealMakers AFRICA

Morocco’s Agenz, a data-driven platform that provides real-time property and market insights, has secured an undisclosed investment from early-stage investment firm, Renew Capital.

US-based Newmont Corporation, announced the sale of its Akyem operation in Ghana to China’s Zijin Mining Group for up to US$1 billion. $900 million is payable upon closing and a further $100 million upon satisfaction of certain conditions. Newmont is currently undergoing a process of divestment of non-core assets.GCB Cocoa Singapre PTE Ltd, a subsidiary of Guan Chong Berhad, has entered into a MOU with Counseil du Cafè-Cacao and its subsidiary, Transcao Negoce, to acquire a 25% stake in Transcao Côte d’Ivoire, a local cocoa processor.

Australia’s Patriot Lithium has entered into an option agreement with Array Metals and Natural Resources to acquire an 80% stake in the Katwaro Cooper Project in Zambia.

Renew Capital and other investors have invested in ChipChip, an Ethiopian e-commerce platform that brings together customers and suppliers through collective purchasing of fresh produce and fast-moving consumer goods.

International Finance Corporation (IFC), Fipar Holding and CDG Invest Growth have acquired a 21.5% stake in Moroccan-based Retail Holding, a food and consumer goods retailer. The funding will allow Retail Holding to expand its operations in Morocco and Côte d’Ivoire.

Nigeria’s Starlink Global & Ideal has secured a USD$20,8 million financing facility from African Export-Import Bank (Afreximbank) to construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

British International Investment has announced a US$25 million risk sharing facility with Ecobank Sierra Leone to boost private sector growth in high-impact sectors of the economy.

Zambian renewable energy aggregator and trader, Africa GreenCo, has received a commitment from the U.S. International Development Finance Corporation (DFC) for a US$40 million facility to help mobilise climate sector finance for critical renewable energy infrastructure in countries including Zambia, South Africa and Namibia.

MeCure Industries, a Nigerian pharmaceutical company listed on the NGX, has announced that Zrosk Investment Management has taken a 10% stake in the company for an undisclosed sum. The transaction took place off-market.

DealMakers AFRICA is the Continent’s M&A publication
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