DealMakers AFRICA

AgDevCo, the specialist agriculture investor, has made a US$10 million long-term investment in Ghanaian tilapia fish producer Tropo Farms. The investment will finance the construction of a modern processing facility and other production equipment, increasing the company’s capacity to 30,000 tonnes within five years.

Kenyan-based Geneplus, a company that specialises in high-quality livestock genetics, has been granted a US$500,000 CAPEX loan by Sahel Capital from its Social Enterprise Fund for Agriculture in Africa (SEFAA).

Ghana’s Oyster Agribusiness has raised US$2 million to expand operations. Pangea Africa led the fundraising processing for the agri-tech company that specialises in climate-smart agriculture. Root Capital, RDF Ghana and Sahel Capital’s Enterprise Fund for Agriculture in Africa (SEFAA) all supported the raise.

Silverbacks Holdings has made an investment in Nigeria’s largest traditional boxing promotor, African Warriors Fighting Championship (AWFC). The private investment firm has taken a significant minority stake and secured a seat on the board with the goal of boosting AWFC’s efforts to elevate African traditional combat sports. Financial terms were not disclosed.

Moniepoint (formally TeamApt), a Nigerian fintech, has announced a US$10 million Series C equity raise led by Development Partners International’s African Development Partners III fund. Other investors included Google’s Africa Investment Fund and Verod Capital.

Kenyan clean cooking appliance manufacturer BURN has secured a US$15 million investment from the European Investment Bank to fund the distribution of BURN’s ECOA Electric Induction cooker to households across East Africa.

FG Gold has secured a US$20 million equity investment from Fundo Soberano de Angola (the Angola Sovereign Fund) for its Baomahun Gold Project in Sierra Leone.

DealMakers AFRICA is the Continent’s M&A publication
www.dealmakersafrica.com