October 25th, 2021
The Weekly Roundup of Africa's Private Capital News
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Here's this week's wrap of the most interesting Africa-related private equity, infrastructure, and venture capital deal stories covered last week. Today is the first day of a special offer we're running over the next few weeks - take advantage of it today and get full access to the stories behind the headlines as well as our full archive of content.

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As always, our best wishes to everyone for a healthy, productive week.
Deals...
Private Equity
Sakhumnotho adds second petrochemicals asset to portfolio // africacapitaldigest.com
Having backed Total Southern Africa in 2015, Sakhumnotho Group Holdings (SGH) is making its second deal in the petrochemicals sector, buying a minority stake in a company holding Refinex and...
Storage Tanks
SGH invests in company holding Refinix and SA Tank Terminals
Image Credit: Refinix
Private Equity
DEG buys minority stake in Daraju Industries // africacapitaldigest.com
DEG has acquired a minority stake in Ashway, the parent company of Daraju Industries, a manufacturer and distributor of personal care and household products in Nigeria, one of Africa's most populous...
Private Equity
RMB Ventures, Bopa Moruo, Next GX cleared to buy logistics firm stake // africacapitaldigest.com
South Africa's Competition Commission has given the go-ahead for a trio of investment firms to acquire a stake in a South African logistics firm owned by ASOCapital's first fund. The terms of the investment...
Venture Capital
Fintech deal marks final investment for Goodwell's uMunthu fund // africacapitaldigest.com
Goodwell Investment's uMunthu fund has made its twentieth and final deal, backing a Nairobi-based fintech focused on the micro, small and medium enterprise sector in East Africa...
Venture Capital
Seed round lifts amount of capital raised by Sendbox to $2mln // africacapitaldigest.com
Sendbox, a Nigeria-based eCommerce fulfillment platform, closed a seed round last week, raising capital from a group of four investors. The capital invested for the round lifts the total amount raised so far by...
Venture Capital
LocalGlobe leads 7-figure seed round for Nigeria's Eden Life // africacapitaldigest.com
Eden Life, a startup that's developed Africa's first home services app allowing people to schedule food, laundry, and cleaning services, has wrapped up a 7-figure seed round from a group of 6 investors led...
This week's issue supported by...
Fund & Financing News...
Private Equity
Ezdehar wins another DFI commitment for Fund II // africacapitaldigest.com
Having secured a commitment for its second private equity fund from the European Investment Bank earlier this year, Cairo-based Ezdehar Management could soon be adding another development...
Venture Capital
IFC signs off on commitment to pre-seed venture fund // africacapitaldigest.com
The International Finance Corporation's board has signed off on a commitment to a venture fund targeting pre-seed stage investment opportunities. The fund is being sponsored by Antler East Africa, a...
Projects & Portfolio Companies...
Solar
Frazium Energy strikes deal for solar battery project in Eswatini // africacapitaldigest.com
Frazium Energy has signed an agreement with Eswatini's government to develop what will be Africa's largest solar battery project which will be located in Matsapha in the central part of the country. The...
Fintech
MFS Africa makes "second-highest" fintech acquisition in Nigeria // africacapitaldigest.com
Digital payments startup MFS Africa has struck a deal to acquire Baxi which, according to the firm, will be the second-highest fintech acquisition in Nigeria after Stripe's $200 million deal for Paystack a year ago...
Companies, People & Profiles...
People
Afreximbank looks to recruit new CEO for FEDA // africacapitaldigest.com
The Fund for Export Development in Africa (or FEDA), a subsidiary of the African Export-Import Bank (or Afreximbank), is in the process of recruiting a new Chief Executive to lead and develop a team of...
Job Openings...
Highlighted Job of the Week
New this week...
Chief Executive Officer at Afreximbank's FEDA // afreximbank.com
Based in Kigali, Rwanda
Senior Consultant, Corporate Finance, at FTI Consulting // fticonsulting.com
Based in Johannesburg, South Africa
Investment Executive, Structured Credit at CDC // cdcgroup.com
Based in London, United Kingdom
Impact Executive, Development Impact Management, Infrastructure & Climate at CDC // cdcgroup.com
Based in London, United Kingdom
Private Equity Associate at Developing World Markets // dwmarkets.com
Based in Nairobi, Kenya
Investment Associate, Intermediated Credit at CDC // cdcgroup.com
Based in London, United Kingdom
Investment Associate, Financial Services Debt at CDC // cdcgroup.com
Based in London, United Kingdom
Investment Associate, Infrastructure & Climate at CDC // cdcgroup.com
Based in London, United Kingdom
Upcoming Conferences...
Highlighted Event
Africa Energy Forum // energynet.co.uk
London, United Kingdom, November 15th to November 17th, 2021
SuperReturn Africa 2021 // informa.com
London, United Kingdom, November 2nd to November 4th, 2021
New this week...
Renpower Africa Storage 2021 // euroconventionglonal.com
Online, November 3rd to November 4th, 2021
Strategic African Content & Suppliers Summit // energyadvance.org
Online & Maputo, Mozambique, November 9th to November 11th, 2021
AfricArena 2021 Venture Unconference Weekend // africarena.com
Hermanus, South Africa, November 11th to November 13th, 2021
SAVCA 2021 Venture Capital Conference // savca.co.za
Online and Cape Town, South Africa, November 15th, 2021
AfricArena 2021 // africarena.com
Online and Cape Town, South Africa, November 16th to November 17th, 2021
Africa Green Hydrogen Forum // leadventgrp.com
Online, November 22nd to November 23rd, 2021
East Africa Oil & Gas Summit & Exhibition // energyadvance.org
Online, November 17th to November 19th, 2021
Africa Investment Exchange: Power & Renewables // africa-investment-exchange.com
London, United Kingdom, November 17th to November 18th, 2021
Angola Oil & Gas Technology & Services Conference // energyadvance.org
Online and Luanda, Angola, November 23rd to November 25th, 2021
U.S.-Africa Energy Forum 2021 // energycapitalpower.com
Online and Houston, USA, December 9th to December 10th, 2021
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