has completed a deal to acquire a majority stake in Abacus, one of East Africa's largest pharmaceutical distributors and the largest manufacturer of parenterals, (IV fluids, ear, nose and eye drops), in Uganda. The firm, which was founded 23 years ago, is headquartered in Kampala and has built a wholesale network of 30 branches across Uganda, Tanzania, Burundi, Rwanda and Kenya.

While Carlyle has invested in more than 65 healthcare deals across the world, this deal is the first for Carlyle's $698 million Sub-Sahara Africa Fund. The market position that Abacus has built for itself coupled with the region's favorable demographic trends and increasing demand for pharmaceuticals were all factors that made the deal attractive for Carlyle.

Harith General Partners feature in our coverage again this week. Not for an investment it has made, but rather one that has been made in one of its portfolio companies. French telecoms giant Orange is making what's described as a major investment in MainOne Cable, the West African submarine cable system backed, in part, by Harith.

The deal helps Orange reinforce its position in Africa's telecommunication's ecosystem by adding additional capacity to its network, and helps MainOne develop its system further by supporting the construction and installation of two new branches and stations. MainOne was launched by Funke Okepe, its CEO, in 2009, with equity funding from Harith, Africa Finance Corporation, Skye Bank and First Bank of Nigeria Capital, as well as debt from a consortium of local and international banks.

We now move to smaller end of the deal spectrum for out other deals this week. Paga, a Nigerian digital payments business, has raised $10 million from an investor group led by the Global Innnovation Fund. Others participating in the round include some of Paga's exisitng investors - Adlevo Capital, Goodwell Investments, Omidyar Network and Unreasonable Capital - who were involved in Paga's $13 million Series B round in October 2015.

That's it for this week. As always, you can review these and other stories by scrolling down and clicking through to them below.