Who's doing what in the African M&A space?

Amethis, an investment fund manager dedicated to the African continent, has acquired a minority stake in Nouvelle Minoterie Africaine (NMA), a fast moving consumer goods company in Senegal. NMA produces and distributes poultry and livestock feed, pasta and wheat flour and is a key player in the Senegalese landscape both in terms of size and brand recognition. Financial details were not disclosed.

Lumine Group, a division of Volaris Group focused in the communications and media vertical, has announced the completion of the acquisition of VAS-X Australia and VAS-X South Africa. VAS-X is a provider of modular mission-critical billing, customer management, real-time communications services provider and mobile virtual network aggregators. Financial details of the transaction were undisclosed.

TransAtlantic Capital a US investment firm, has acquired SUREBET, a Kenyan licensed sports betting and lottery company. The East African gaming platform is poised for growth with the Kenyan mobile market boasting 5 million daily gamers who average US$20 in betting. The suspension of most sporting events during the pandemic has seen as surge in activity on the platform.

elmenus, Egypt’s online food ordering platform and fleet service has secured an undisclosed size investment from former CEO of Just Eat, adding to the US$8 million in Series B funding raised in 2020. elmenus plans to scale its offering and expand its market share.

Terra Mauricia and Kibo Fund have led a consortium of minority investors in the exit of a 16% stake in Orange Madagascar, a leading mobile operator in francophone Africa, listed on the Malagasy market. The disinvestment comes 10 years of supporting Orange’s growth into a dominant player in voice and data services for individuals and businesses and via its subsidiary Orange Money Madagascar, a leading financial service provider.

CDC Group, the UK development finance institution and impact investor, has announced a US$100 million minority equity investment in Alfa Medical Group (AMG), an Egyptian diagnostics and medical care company. CDC has invested alongside Africa Platform Capital, a healthcare investor. The investment will support the expansion of the AMG laboratory business into underserved regions across Egypt, the growth of Alfa scan radiology centres and the training of healthcare professionals.

Eos Capital, a Namibian private equity firm, is to acquire a minority stake in Erongo Medical Group, a substantial player in the Namibian healthcare industry.

Tayary, an online logistics and delivery platform based in Egypt, has secured an undisclosed sum in pre-seed investment from AUC Angels and Cairo Angels.

AgroCenta, a mobile agri-tech platform which provides marketing information, storage and delivery solutions and financial services to small hold farmers in Ghana, has secured US$790,000 in pre-series A funding from Shell Foundation, AV Ventures and Rabo Foundation.

Sanergy, an organics recycling company based in Nairobi, Kenya, has received an undisclosed investment from AXA IM Alts, a global alternatives investment firm through the AXA Impact Fund Climate and Biodiversity. Mani Kapital and Kepple Ventures, two Tokyo-based investment platforms invested alongside AXA. Funds will be used to scale operations in Kenya and across the region.

Odiggo, an Egyptian digital marketplace for automotive spare parts, has raised a further US$300,000 in a seed funding round. The first tranche of $300,000 was raised in August 2020.

Main Image: ICLG