HOSTAFRICA has made its fourth investment in West Africa, announcing the strategic acquisition of Nigerian web hosting provider, webmanager.ng. for an undisclosed sum.
Kenyan electric bus solution provider, BasiGo, has raised US$42 million in a combination of debt and equity. The US$24 million Series A equity raise was led by Africa50 and included Novastar Ventures, CFAO Kenya, Mobility54, SBVI Investment, Trucks VC, Moxxie Ventures and Susquehanna Foundation. The Series A unlocked a US$10 million loan facility from the U.S. Development Finance Corporations and an additional US$7,5 million debt facility from British International Investment.
Morocco’s Colis.ma has closed a pre-seed funding round of US$300,00. The startup, which specializes in cross-border logistics, received the funding from Witamax.
Madica has invested in Nigerian climate tech startup, Earthbond. The company’s marketplace connects SMEs with solar providers and financing options, while generating carbon credits to further reduce costs and support sustainability.
Vantage Capital has fully exited its investment in Egyptian hotel owner and operator, PickAlbatros Hotels. Vantage provided the hotel group with US$18,4 million in December 2020 during the Covid-19 pandemic when the hospitality industry was under sever strain.
Aya Data, a Ghanian B2B AI solutions provider has announced an oversubscribed seed round raise of US$650,000 in equity and US$250,000 in debt. The round was led by 54 Collective and included several angel investors.
In Morocco, Globex has acquired 100% of Logic Transport, with Amethis providing financial backing. The deal marks Globex’s expansion in the road transport and transit segment.
Nigerian B2B ecommerce firm, OmniRetail Technology, has acquired Traction Apps, a payment solutions provider for small merchants in Nigeria. Financial terms were not disclosed.
Raya Holding for Financial Investments announced a US$40 million investment in its portfolio company, Raya Foods. The investment, in partnership with Helios Investment Partners, will see Helios take a 49% in Raya Foods, the largest exporter of frozen strawberries in Egypt.
Nampak Southern Africa Holdings subsidiary has announced the sale of its 51.43% stake in Nampak Zimbabwe to TSL for up to US$25 million.
DealMakers AFRICA is the Continent’s M&A publication
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