DealMakers AFRICA

Pan-African infrastructure investor and asset manager, Africa50, has invested US$15 million in Egypt’s Raya Data Center to acquire a 42.9% stake. The funding will be used to establish a new Tier III data centre in Egypt. Raya IT will be investing an additional $10 million into the project and plans to raise an further $10 million required to complete the project from financing institutions.

Aradel Holdings Plc, the NGX-listed integrated energy company, has acquired a 5.14% equity stake in Chappal Energies Mauritius. Financial terms were not disclosed. Chappal Energies signed a SPA in July 2024 with Total Energies to acquire a 10% stake in the SPDC JV in Nigeria and at the end of November, announced that it had acquired Equinor Nigeria Energy Company which holds a 53.85% stake in Nigerian oil and gas lease OML 128.

JSE-listed Bidvest Group has announced the sale of its entire banking business to Nigeria’s Access Bank for ZAR2,8 billion (c.US$158 million). Access Bank entered the South African banking market in 2020 through the acquisition of a controlling stake in Grobank. The banking group operates in 24 countries around the world including 16 in Africa.

Nigeria’s Biilboxx, a fintech specialising in invoicing and cash flow management for SME’s, announced that it had raised US$1,6 million in pre-seed funding. Norrsken Accelerator, Kaleo Ventures, 54 Collective, P2Vest and Afrinovation Ventures participated in the combined debt and equity raise.

Senegalese healthtech, Eyone Medical, has closed a US$1 million fundraise from Sonatel ($855,000) and BICIS Groupe ($145,000).

British International Investment platform, Growth Investment Partners Ghana has made undisclosed investment in Ghana’s Rikair Company. Rikair is a local provider of medical oxygen, equipment and infrastructure.

Incofin Investment Managers and its Nutritious Foods Financing Facility partners, the Global Alliance for Improved Nutrition (GAIN), USAID and the Swiss Agency for Development and Cooperation, have announced a total investment of US$1,55 million in East Africa’s Truk Rwanda and Senegal’s Couvoir Amar, to enhance food security and nutrition in sub-Saharan Africa. Truk Rwanda is a logistics company providing cold chain storage and transport for fresh fruit and vegetables. Couvoir Amar operates within the Senegalese poultry industry.

Taranis Investment, the investment division of the Perenco Group, announced the acquisition of the Africa business of Akuo, an international developer and producer of renewable energy. The deal includes the 50 MW Kita, the largest solar farm in Mali, commissioned by Akuo in 2020.

DealMakers AFRICA is the continent’s quarterly M&A publication
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