DealMakers AFRICA
Morocco’s YoLa Fresh has announced a US$7 million pre-Series A funding round led by Al Mada Ventures. Other investors in the round include Algebra Ventures, E3 Capital, Janngo Capital and Dutch entrepreneurial development bank, FMO. The YoLa Fresh platform connects farmers directly with retailers and food service companies. The agritech plans to expand across the rest of Africa in the future.
Construction e-commerce platform, Bosso has raised US$400,000 in pre-seed funding from Leonard, Launch Africa Ventures, Renew Capital, Change.com and a number of angel investors. The Zambian startup says it has already onboarded over 1,000 hardware stores and has served over 400 homebuilders since it was founded in 2022.
LAfricaMobile, a cloud communication and mobile marketing platform head quartered in the Senegalese capital, Dakar, has announced a €4,3 million Series A fundraise. The round was led by Janngo Capital and also included Aurélien Tchouaméni, Jules Koundé (of the French Football team), the founders of Expensya, Karim Jouni and Jihed Othmani as well as investment funds SouthBridge Investments and Ciwara Capital.
Nigerian oil palm company Presco Plc is seeking shareholder approval for a proposed 100% acquisition of Ghana Oil Palm Development Company (GOPDC) from SIAT SA. The board is seeking to acquire all 70,580,000 GOPDC ordinary shares in issue for c.US$1,77 each. The consideration will be settled through and initial payment of $64,96m, with the balance settled at a future time.
DealMakers AFRICA is the Continent’s M&A publication
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