DealMakers AFRICA
Development Partners International, British International Investment, South Suez and other investors have made a US$165 million equity investment into the parent company of Egypt’s discount retailer, Kazyon. The funding will be used to accelerate the retailer’s expansion plans across Africa.
Chariot and Vivo Energy announced a new partnership agreement to implement a gas-to-industry business in Morocco; create a jointly owned SPV for the purchase, transportation and distribution of natural gas to end-users and put in place a long-term gas sales agreement for a portion of the future gas production from the Anchois development project.
A Tunisian startup, Drest.tn, that specialises in online sales of lifestyle products has raised US$336 000 from 216 Capital Ventures, which will be used to expand further into the African Market.
The Rohatyn Group, which recently acquired the business of Ethos Private Equity, has invested in the Kenstra Group, which operates in the East Africa paper and print sectors. Financial terms were not disclosed.
Nomba, a Nigerian payment service provider, announced a US$30 million pre-Series B investment led by Base 10 Partners. Other investors included Partech, Khosla Ventures, Helios Digital Ventures and Shopify.
The International Finance Corporation (IFC) is backing Equatorial Coca-Cola Bottling Company’s sustainability strategy with a €64 million financing package. The company plans reductions in its water and energy footprint through the replacement of production lines, reduction of raw materials, solar panel installations and other changes. The financing package is made up of a €52 million loan from the IFC, concessional finance totalling €8,5 million from the Canada IFC Blended Climate Finance Program and €3,5 million from the Alafaq Aljadida Middle East and North Africa (MENA) Private Sector Development Program.
DealMakers AFRICA is the Continent’s M&A publication
www.dealmakersafrica.com
