Development Finance
UAC of Nigeria Agrees to Sell 73.29% Controlling Stake in Livestock Feeds to Sunbeth for N19.5 Billion ($15 Million)
Diversified conglomerate UAC of Nigeria monetizes its majority position in national feed manufacturer Livestock Feeds, unlocking N19.5 billion ($15 million) in cash to redeploy across core growth operations.
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South Africa’s TIA Allocates R14 Million ($837,000) Grant to TokaBio for Rapid Livestock Disease Surveillance
The public grant will accelerate the commercial deployment of mobile bio-surveillance laboratories to track Foot-and-Mouth Disease and Avian Influenza, safeguarding South Africa's agricultural export access.
UAC of Nigeria Agrees to Sell 73.29% Controlling Stake in Livestock Feeds to Sunbeth for N19.5 Billion ($15 Million)
Diversified conglomerate UAC of Nigeria monetizes its majority position in national feed manufacturer Livestock Feeds, unlocking N19.5 billion ($15 million) in cash to redeploy across core growth operations.
Africa Go Green Fund Secures $18 Million Senior Debt Facility for Cold Solutions Rwanda
Cygnum Capital-managed fund provides debt financing to construct a temperature-controlled cold-storage and logistics hub in the Kigali Prime Economic Zone.
Copia Global’s $123 Million Insolvency Highlights Capital Realities in African E-Commerce
The failure and liquidation of Kenya’s agent-led retail pioneer mark one of East Africa’s largest tech collapses, signaling a decisive shift away from capital-intensive last-mile distribution models.
Nedbank Acquires 50% Stake in Burstone Group's New $42 Million Property Platform
South African real estate group Burstone establishes a new unlisted funds platform seeded with R5.4 billion in commercial assets, selling a 50% equity stake to Nedbank Property Partners for approximately R677 million ($41.6 million).
Ardova-Led Consortium Enters Agreement to Acquire 100% of Powergas, Africa’s Largest CNG Virtual Pipeline Distributor
Nigerian energy major Ardova Plc spearheads a consortium alongside Diadem Energy to acquire Powergas from A.P. Moller Capital, integrating extensive compression infrastructure to scale retail compressed natural gas (CNG) nationwide.
3IF Ventures Makes Landmark Debut Investment with Strategic Backing of Embedded Insurance Platform Turaco
Dedicated impact investor 3IF Ventures announces Turaco as its inaugural portfolio company, deploying capital to scale microinsurance penetration and address structural coverage gaps across emerging markets.
African Payments Giant Flutterwave Promotes Morounke Olufemi to Global Chief Financial Officer
Pan-African fintech leader Flutterwave elevates Morounke Olufemi to Global CFO, succeeding Mitesh Popat as the company doubles down on capital discipline, multi-currency liquidity, and stablecoin-backed cross-border settlement.
Zeenab Foods Secures $34 Million in Oversubscribed Hybrid Commercial Paper Issuance
Nigerian agribusiness leader Zeenab Foods closes a heavily oversubscribed $34 million commercial paper offer, leveraging hybrid debt instruments to scale domestic agro-processing capacity and expand regional supply chain networks.
Sadio Mané Invests $20.4 Million in Senegal’s Mango Industry to Drive Regional Economic Growth
Senegalese football icon Sadio Mané deploys $20.4 million into domestic agricultural infrastructure, establishing a commercial mango processing and export initiative to spur localized job creation and industrial development.
Aeon Raises $1 Million in Seed Funding Led by Terra Industries to Build Africa’s Sovereign Cyber Defence Layer
Co-founded by PipeOps alumni Samuel Ogbonyomi, Ben Eluan, and Alex Idowu, the cybersecurity startup secures seed capital to deploy its integrated hardware and AI-powered defense suite across critical infrastructure in the Global South.