DealMakers AFRICA

Africa Finance Corporation has announced a US$95,25 million investment in oil and gas downstream company Mahathi Infra Uganda. The funding will finance, amongst other things, the construction of two self-propelled barges for operation on Lake Victoria. The new barges are expected to have a significant impact with a single barge trip replacing 200 truck journeys on East Africa’s busiest transport route between Kisumu in Kenya to Kampala in Uganda.

Starcore International Mines has acquired EU Gold Mining in a share swap transaction. The deal will give Starcore a stake in the Kimoukro Gold Project in Côte d’Ivoire through a Mineral Property Option Agreement that EU Gold has with K Mining SARL.

Carlyle has announced the sale of Assala Energy in Gabon to Etablissements Maurel & Prom SA, the oil and gas exploration and production company listed on Euronext. Financial terms were not disclosed. Carlyle first invested in Assala back in 2017.

d.light has secured an additional US$125 million in funding through a securitisation facility to scale up its services in Tanzania. The Eastern and Southern African Trade and Development Bank has provided a US$30 million securitisation facility with the capability for d.light to purchase up to $125 million of receivable assets.

Ghanaian agritech company, Oyster Agribusiness, has secured US$310,000 in funding. Root Capital has provided $300,000 in debt and the firm has received grants totalling $10,000 to expand its existing operations.

Ed Partners Africa, the Kenyan non-banking financial institute that provides loans to educational institutions, has raised US$1,5 million in debt funding from Oikocredit.

Firering Strategic Minerals has signed an option deed to acquire up to 28.33% in Limeco Resources – owner of the limestone project 22km west of Lusaka in Zambia. The option is exercisable in two tranches at a total cost of US$5,1 million.

DealMakers AFRICA is the Continent’s M&A publication.
www.dealmakersafrica.com