DealMakers AFRICA
Nigeria’s Emzor Pharmaceutical Industries has signed a finance deal with the European Investment Bank for €13,85 million, to support the local manufacture of Active Pharmaceutical Ingredients (API). By the first quarter of 2024 Emzor’s Sagamu factory is set to start production of up to 400 metric tonnes of APIs per year.
UM6P Ventures has invested in Moroccan fintech, PayLik. The value of the investment was not disclosed. The PayLik platform provides employees with the ability to access their earned wages immediately, rather than waiting for the traditional 30 day pay cycle. To date, the wellness platform has c.3,000 employees registered on its platform.
Raxio Data Centres has secured an additional US$46 million in equity funding from existing shareholders Roha and Meridiam. Raxio is a carrier-neutral Tier III data centre operator established in 2018. Its first facility was launched in Uganda and it now also operates in Angola, DRC, Ethiopia, Côte d’Ivoire, Mozambique and Tanzania.
The Agri-Business Capital Fund has invested €800,000 into Ugandan coffee trader, JKCC General Supplies. JKCC started operations in 2017, sourcing high-quality coffee beans directly from more than 3,700 smallholder farmers across Uganda. In 2020, the company secured its coffee export license and commenced coffee processing.
DealMakers AFRICA is the Continent’s M&A publication.
www.dealmakersafrica.com
