Genius Ventures has launched a $10million venture fund to invest in early-stage technology companies across the Middle East and North Africa (MENA) region.
Kenya-based Insurance Company of East Africa (ICEA) has partnered with the Norwegian Investment Fund for Developing Countries (Norfund) and Imara Securities to launch a $100 million private equity fund.
Early-stage investor HBD Venture Capital has sold its stake in South-Africa-based mobile payment company Fundamo, in a $110million trade deal to Visa.
African Capital Alliance (ACA) has received a $7m commitment for its Capital Alliance Private Equity III from the Export Development Canada (EDC).
Egyptian venture capital investor Sawari Ventures has launched its first venture fund, Sawari Ventures I. The size of the fund has not been disclosed.
East African venture investor Fanisi Capital has reportedly invested Sh124 million in Kenyan telecommunications services company, Elris Communications Services
Nokia Growth Partners has commited $1 million seed capital to Kenya-based mobile distributor solution provider Virtual City.
South Africa-based gaming software developer BetTech Gaming has won a multi million rand investment from 4Di Capital. No financial details have been disclosed.