DealMakers AFRICA

Sahel Capital has announced a US$400,000 working capital loan to MM LEKKER through its Social Enterprise Fund for Agriculture in Africa. MM LEKKER, based in Benin, specialises in selling soybean, shea nuts and cashew nuts, catering to both local and international markets.

A Ventures has increased its investment in Egyptian waste management platform, Mrkoon. The bridge funding round will increase A Ventures’ equity interest to 28%. Mrkoon allows enterprises, especially in industry and manufacturing, to offload surpluses and scraps through a B2B platform. The company is preparing for regional expansion, with plans to enter the GCC, where the scrap and surplus materials market exceeds US$150 billion.

Houston-based Vaalco Energy has farmed into the CI-705 block in the Tano basin offshore Côte d’Ivoire. Vaalco will become the operator of the block with a 70% working interest and a 100% paying interest though a commercial carry arrangement and is partnering with Ivory Coast Exploration Oil & Gas SAS and PETROCI.

Nigeria’s Tantalizers Plc, which operates in the quick-service restaurant sector,
has announced its expansion into Nigeria’s blue economy sector with the acquisition of 10 fully equipped modern trawlers and the signing of a landmark partnership agreement with a US-based marine Group and Consortium led by Mr. Charles Quinn, the Consortium Chairman. The MOU establishes a framework for technical collaboration, operational capacity building, and export market access, all of which will strengthen Tantalizers’ position in the evolving Nigerian Blue Economy space. The partnership will also involve technology transfer, compliance with global best practices in sustainable fishing, and adherence to international seafood processing standards, ensuring Nigerian seafood products meet global export requirements.

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