DealMakers AFRICA
Snapshot of some of the deals announced this week across the continent…
Sea Gardener, a company that uses technology to harvest premium quality Mediterranean clams, has received an undisclosed investment from Cairo-based venture capital fund, The Climate Resilient Africa Fund (CRAF).
British International Investment has committed to invest up to US$35 million towards the development of the new container port in the Democratic Republic of the Congo as part of an extension to its existing partnership with global ports and logistics operator, DP World. The Port of Banana will be the country’s first deepwater container port.
Gaea Foods, a potato-processing company in Kenya, has received and undisclosed debt investment from Pepea, an impact investment fund from Oxfam Novib, managed by Goodwell Investments. This is the fund’s first investment and Gaea Foods fits the Pepea mandate of “fair, green and inclusive”. The company is led by a female founder and 70% of the staff are women.
KBW Ventures has announced its first Egyptian investment – NoorNation. The Egypt-based climatech startup was founded in 2021 and was selected as the Best Green Tech Startup of the Year in Northern Africa by the Global Startup Awards in 2024. LifeBox, the firm’s flagship product, delivers clean energy and safe water to rural communities, farms and tourism businesses.
DealMakers AFRICA is the Continent’s M&A publication
www.dealmakersafrica.com
