DealMakers AFRICA
Early-stage investor, Renew Capital has announced its first investment in Tunisia, backing payment gateway firm Konnect. The platform offers payment links, e-commerce plugins and an API designed to cater to all size businesses.
HUB2, a fintech from the Ivory Coast, has raised US$8,5 million in Series A funding. The round was led by TLcom Capital and included FMO, Enza Capital, Bpifrance, Eric Barbier and other investors. HUB2 aims to become the “Stripe for Francophone Africa”. The company currently operates as the backbone for 55 fintechs across Francophone Africa, including Jaulaya, Onafriq, NALA and CinetPay, by providing payment infrastructure to these firms to power their operations.
Moroccan mobility firm, Enakl, has secured US$1,4 million in pre-seed funding from Catalyst Fund, Renew Capital, Digital Africa, Station F and 15 angel investors. The startup provides sustainable, collective transport solutions tailored to emerging markets.
Nama Ventures, A15, Sanabil 500 Global and some angel investors, have back Egyptian logistics startup Nowlun, to the tune of US$1,7 million in seed funding. The online freight forwarding platform will use the funding for its expansion plans and to further develop its platform.
African Export-Import Bank (Afreximbank) is the mandated lead arranger and lead financier of a historic ammonia and urea fertilizer plant in Angola, promoted by the Grupo Opaia. Afreximbank and other financial institutions will provide US$1,4 billion in debt funding. The plant will have a production capacity of 4,000 metric tonnes per day and will create 4,700 jobs (3,500 during construction and 1,200 permanent positions).
DealMakers AFRICA is the continent’s quarterly M&A publication
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