DealMakers AFRICA

Visa, the German development finance institution DEG, and existing investors, Speedinvest and Cathay AfricInvest Innovation Fund have invested in Ghana’s Oze, a provider of AI-powered digital lending solutions for financial institutions and SMEs. The financial terms of the investment were not disclosed, but the funding will be used to scale the fintech’s Lending Management System. Oze currently operates in Ghana, Nigeria, Guinea, Benin, Rwanda, Madagascar, Zimbabwe and Lesotho.

UK development finance institute, British International Investment, has announced a US$100 million Tier 2 capital facility to KCB Bank Kenya to increase lending capacity to climate-related projects and women-led SMEs.

Pelangio Exploration has announced a strategic agreement with FJ Minerals to acquire up to an 83% interest in the Nkosuo Project in Ghana’s Ashanti Region. The project is situated adjacent to Pelengio’s Manfo Project and the agreement stipulates that upon transferring a 17% stake in in Manfao to FJ, a JV will be formed which includes both projects. Palangio will hold an 83% stake and FJ, a 17% stake. The option must be exercised by 15 December 2025.

Alterra Capital Partners has acquired a majority stake in ARP Travel Africa Ltd from the founding Moledina Family. The destination management company, headquartered in the UK, specialises in tailored travel experiences in East Africa. Founded in Tanzania in 1978, the company has established partnerships with travel agents in 50 countries, spanning five continents, catering to international travellers looking to experience the East Africa region. Financial terms were not disclosed.

Fawry, the largest e-payment platform in Egypt, has announced three strategic investments in the Egyptian fintech space. The company has acquired a 51% stake Dirac Systems; a 56.6% stake in Virtual CFO and a 51% stake in Code Zone for a total of US$1,6 million.

The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have invested a total of €4 million in Zambia’s Supamoto. The investment will enable Supamoto to increase pellet production at its facility in the city of Ndola as well as allow the company to expand its logistics and distribution infrastructure to meet growing demand. The transaction will finance 14,800 new fuel-efficient cookstoves which are anticipated to deliver cost and time savings for up to 74,000 people.

Gozem, a super app that operates across Francophone West and Central Africa, has secured US$30 million in Series B funding – $15 million in equity and $15 million in debt — led by SAS Shipping Agencies Services and Al Mada Ventures. The company operates in Togo, Benin, Burkina Faso, Cameroon, Ivory Coast, Gabon, Mali and Senegal.

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