GPs and LPs Activities

Africa Finance Review Team

— 1 min read
GPs and LPs Activities

This week's interesting GPs and LPs dealmaking events

  • Star Garments, a Sri Lanka-based apparel manufacturing company, has secured a $15 million loan from the International Finance Corporation (IFC) to build Togo's first large-scale, export-focused apparel manufacturing center.
  • Ghana-based Oasis Capital has announced the first close of its $100 million Oasis Africa Fund II (OAF II), with secured commitments of $33.3 million, with additional fundraising to be completed by June 2025.
  • Sanari Capital has made a $4.4 million follow-up investment in EduLife Group, an education services provider.
  • The Luxembourg-EIB Climate Finance Platform (LCFP) has committed €5 million to BlueOrchard's $100 million climate insurance fund.
  • SPE Capital has achieved the first close of its $140 million third fund, with Swiss development finance institution SIFEM's commitment of $15 million.
  • Agile Capital has acquired a majority stake in Berry Astrapak, a leading manufacturer of thermoformed plastic packaging products for the African market.
  • Acrew Capital has led the $40 million Series A funding round in NALA, the Africa-focused remittance startup.
  • Innovate Africa, an angel investment fund, has launched with an initial investment of $2.5 million to invest in early-stage African founders.
  • British International Investment(BII) the development finance institution of the UK government, has provided a $20 million secured loan to TerraPay to boost the reliability and accessibility of remittance transfers in Africa.
  • Wangara Green Ventures invested in Sommalife, a farming business in Wa, Ghana.
  • Norwegian investment fund Norfund will invest $307 million in developing electromobility solutions in Kenya particularly those of start-up BasiGo.

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