DealMakers AFRICA
Leta, a Nairobi-based logistics software-as-a-service provider has raised US$5 million in seed funding from Speedinvest, Google’s Africa Investment Fund and Equator. Leta is looking to double revenue in the coming months as it expands into more countries across Africa and the Middle East with clients such as KFC and Diageo, both of whom are existing clients.
Woodside Energy has elected not to exercise its option to farm-in to the Petroleum Exploration License 87 (PEL 87) project. PEL 87 governs the 2713A 2713B blocks in Namibia’s Orange Basin and is operated by Pancontinental Orange which has a 75% stake. Custos Investments holds 15% and the National Petroleum Corporation of Namibia holds the remaining 10%.
Egyptian healthcare and pharmaceutical solutions company, Grinta, has acquired primary healthcare service chain, Citi Clinic for an undisclosed sum. At the same time, Grinta announced a strategic investment in the company in a funding round led by Beltone Venture Capital and Raed Ventures. The size of the round was not disclosed.
Mirova Gigaton Fund has provided Kenyan climate technology firm, KOKO, with a carbon finance debt facility to scale up a new type of residential energy utility across Kenya and Rwanda.
Go Big Partners and 216 Capital Ventures have invested in Juridoc, a Tunisian legaltech company. The investment will support Juridoc’s expansion into the OHADA (Organisation for the Harmonisation of Business Law in Africa) region – a consortium of 17 West and Central African countries.
DealMakers AFRICA is the continent’s quarterly M&A publication
www.dealmakersafrica.com
